New Edition 2019: Blockchain in Oil and Gas Market Analysis by Top Players- IBM, Accenture, SAP, Microsoft, Infosys, HCL Technologies, Ondiflo, EY by 2024

Blockchain is a distributed ledger technology that operates on peer-to-peer networks to facilitate transaction processing while reducing redundancies arising out of duplication, mismatching, and other accounting errors. The oil and gas industry has traditionally relied on paper-based transaction processing that is error-prone and bound to create inefficiencies leading to operational losses. Oil and gas companies have started adapting Blockchain technology to suit their business workflow requirements in order to improve efficiency and target lower operational costs.

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Key Manufactures Analyzed in Blockchain in Oil & Gas Industry 2019-2024 Global Market Report are: - IBM, Accenture, SAP, Microsoft, Infosys, HCL Technologies, Ondiflo, EY.

Product Type:

Reduce Cash Cycle Time
Increase Transaction Visibility
Reduce Overhead & Number of Cost Intermediates

Product Application:

Oil and Gas Companies
Energy and Utilities
Other

Moreover, the market is classified based on regions and countries as follows:

North America- U.S., Canada
Europe- U.K., France, Germany, Italy and Rest of Europe
Asia-Pacific- China, Japan, India and Rest of Asia Pacific
South America- Brazil, Mexico and Rest of South America
Middle East & Africa- South Africa, Saudi Arabia and Rest of Middle East & Africa

Key Benefits of the Report:

*Global, regional, country, propulsion type, and application market size and their forecast from 2014-2024

*Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market

*Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PESTLE analysis, and Value Chain, to better understand the market and build expansion strategies

*Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points

*Analysis on Key players strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market

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Target Audience:

*Blockchain in Oil & Gas Manufacturers & Technology Providers

*Traders, Importers, and Exporters

*Raw Material Suppliers and Distributors

*Research and Consulting Firms

*Government and Research Organizations

*Associations and Industry Bodies

Research Methodology:

The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:

* Manufacturers

* Suppliers

* Distributors

* Government Body & Associations

* Research Institutes

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