Oil and Gas Cloud Applications Market Is Thriving Worldwide | Latest Innovation, Advance Technology, Top Companies

A fresh report titled on “Oil and Gas Cloud Applications Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Oil and Gas Cloud Application Market size is projected to grow from US$ 4.9 Billion in 2019 to US$ 9.4 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. This report spread across 157 Pages, Profiling 21 Companies and Supported with 123 Tables and 34 figures is now available in this research.

#Key Players- IBM (US), Oracle (US), Microsoft (US), SAP (Germany), Salesforce (US), AspenTech (US), Dassault Systèmes (France), Workday (US), ABB (Switzerland), IFS (Sweden), Infor (US), RiskEdge Solutions (India), Seven Lakes Technologies (US), Bentley Systems (US), Aucerna (Canada), TIBCO (US), PetroDE (US), Sage Software Solutions (India), HPE (US), and Quorum software (US).

“Enterprise asset management segment to grow at the highest CAGR during the forecast period”
The oil and gas cloud application market by solution is segmented into Enterprise Asset Management (EAM), enterprise applications, Environmental, Health And Safety (EHS), security and, others (simulation and modeling, and operational analytics). The EAM segment is expected to grow at a rapid pace during the forecast period. The growth of this segment can be attributed to demand for high-functioning assets and uninterrupted uptime in the oil and gas industry to drive the growth of EAM solutions.

“Upstream operations segment to grow at the highest CAGR during the forecast period”
The oil and gas cloud application market by operation has been segmented into upstream, midstream and downstream. The upstream segment is projected to grow at the highest CAGR during the forecast period, as it is working hard to leverage big data for gaining significant insights from the surge of structured and unstructured data.

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Reason to access this report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall oil and gas cloud application market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.

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This release was published on openPR.