Press release
Oil and Gas Pipeline Management Software Market Pegged for Robust Expansion During 2018-2028
Pipelines are used to transport oil, gas and other liquids through integrated pipeline networks across land and underwater. So the maintenance of pipeline infrastructure and ongoing daily operations are done with the help of oil and gas pipeline management software. These oil and gas pipeline management software are increasingly being adopted by the industry to ensure the optimal performance and enhance the operational efficiency of the infrastructure in daily operations. The oil and gas pipeline management software helps to reduce the chances of leakage in pipelines spread over thousands of miles.
Moreover, the oil and gas pipeline management software plays an important role in automation and security as the software may include SCADA (supervisory control and data acquisition) technology. Oil and gas pipeline management software provides full control and visibility of operations from gathering, transportation and distribution. Some of the oil and gas pipeline management software provides real time data integration and they can be accessed from anywhere and at any time. So with the help of the oil and gas pipeline management software one can reduce the pipeline incident rates, meet compliance and streamline processes.
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Global Oil and Gas Pipeline Management Software Market: Dynamics
The increasing need for modernizing the pipeline systems in the industry to ensure cost effective maintenance of pipelines and to bring the operational efficiency is one of the major factors driving the growth of the oil and gas pipeline management software market. The increasing adoption of advanced technologies and automated systems for improving the performance of the oil and gas pipeline is also fueling the growth of the oil and gas pipeline management software market. Moreover, the oil and gas pipeline management software helps in improving the operational safety and reduces the leakage incident rates, which is another factor boosting the growth of the oil and gas pipeline management software market. Furthermore, rising adoption of SCADA, emerging security needs and real time management of pipeline operations are some more factors driving the growth of the market.
Some of the oil and gas pipeline management software which includes SCADA does not meet the current regulatory compliance standards which is one of the major factors hindering the growth of the oil and gas pipeline management software market.
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Global Oil and Gas Pipeline Management Software Market: Segmentation
The global oil and gas pipeline management software market can be segmented on the basis of deployment, end-user and region.
Oil and Gas Pipeline Management Software Market by deployment
On-premise
Cloud
Oil and Gas Pipeline Management Software Market by end-user
Oil and gas
Energy and utilities
Other
Global Oil and Gas Pipeline Management Software Market: Competition Landscape
Key Developments
In May 2017, Emerson Electric Co. completed its acquisition of MYNAH Technologies, provider of simulation and operator training software. This acquisition will help to improve plant safety, performance and profitability by allowing them to fully optimize their human and automation resources.
Key Vendors
Examples of some of the market participants in the global oil and gas pipeline management software market identified across the value chain include Emerson Electric Co., Schneider Electric SE, Yokogawa Electric Corporation, Bentley Systems, Inc., and Open Access Technology International, Inc.
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