Global Oil & Gas Project Management Software Market In-depth Forecast Study Highlights Growth in CAGR 3.6% and Revenue (US$ 489.5 Mn) till 2025

Projects undertaken by oil and gas companies having highly complex operations, resource management, capital management, and inventory management, among others are at the forefront of driving demand for Global Oil and Gas Project Management Software. These highly sophisticated and efficient software are leveraged by oil and gas companies to handle their capital projects.

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Oil and gas project management software have many advantages. They enable companies to properly utilize resources and keep a tab on the progress of projects. They also aid companies to understand risks and bring about compliance. Further, they help with analytics and reporting as well.

Providing headwinds to the global oil and gas project management software market is the growing investments in alternate energy such as wind, solar, tidal, nuclear and water. Moreover, the yawning gap between demand and supply of oil and gas is also acting as a deterrent to the market.

As per a report by Market Research Reports Search Engine, the global oil and gas project management software market will likely progress slowly at a CAGR of 3.6% from 2017 to 2025 to attain a value of US$ 489.5 mn by 2025-end.

Global Oil and Gas Project Management Software Market: Regional Analysis

Geographically, the report classifies the global oil & gas project management software market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of market revenue. Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, the U.K., China, India, and Brazil. Prominent regions of GCC (Gulf Cooperation Council) and Scandinavia are also covered in the report.

The report includes Porter’s Five Forces analysis of the oil & gas project management software market. The report also covers segment wise comparison matrix, market attractiveness analysis and market share analysis for all regions covered in the scope of study. Comparison matrix includes segment growth matrix, 2015 - 2025 (%), segment value share contribution, 2015 - 2025 (%), and segment compounded growth matrix (CAGR %). However, market attractiveness identifies and compares segments on the basis of CAGR and market share index.

Global Oil and Gas Project Management Software Market: Competitive Landscape

The report also includes competition landscape which includes competition matrix, of major players in the global oil & gas project management software market. . Furthermore, competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Another factors includes top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players in the market.

Major players in the oil & gas project management software market include Deltek, Inc., InEight, Inc., EcoSys Management LLC, Oracle Corp., LiquidFrameworks, Inc., AVEVA Group PLC, SAP SE, Penta Technologies, Inc., Siemens AG, IBM Corp., IFS World Operations AB, Microsoft Corp., Stormgeo Holding AS, Aconex Ltd., Coreworx Inc. and Varec, Inc..

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The Global Oil & Gas Project Management Software Market is segmented as below:

Global Oil & Gas Project Management Software Market, By Application

Upstream

On-shore

Off-shore

Mid & Down Stream

Global Oil & Gas Project Management Software Market, By Deployment

On-Premise

Off-Premise

Global Oil & Gas Project Management Software Market, By Module

Contract Management

Scheduling

Asset Management

Inventory Management

Costing

Analytics

Maintenance

Others (Weather Forecast and Logistics)

Global Oil & Gas Project Management Software Market, By Geography

North America

The U.S.

Canada

Rest of North America

Europe

The U.K

Germany

Scandinavia

Rest of Europe

Asia Pacific (APAC)

China

India

Rest of APAC

Middle East and Africa (MEA)

GCC

South Africa

Rest of MEA

South America

Brazil

Rest of South America

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This release was published on openPR.