Press release
U.S. Oil and Gas Analytics Market Growth Outlook 2025 | SAP SE, Tableau Software, Microsoft Corporation, Hitachi Ltd, Oracle, Teradata, Cognizant, Capgemini, Accenture, Cisco Systems, TIBCO Software, IBM, SAS Institute, Hewlett Packard Enterprise Company,
U.S. Oil and Gas Analytics Market
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The U.S. oil and gas analytics market is set to grow on account of increasing adoption of data gathering devices and growing awareness toward importance of data. Increasing requirement of production optimization and risk assessment platforms in the current unpredictable industry scenario will stimulate the demand for advanced AI and analytical tools. The industry players are focusing toward managing their respective O&M cost that has been significantly improved by using new data analytics software.
The abundant availability of proven O&G reserves accompanied by focus on the exploration of unconventional reserves will positively influence the business growth. As per the U.S. Department of Energy, in 2019, the proven gas reserves surged by 85%, which was over 450 Tcf. In addition, the growing need for production optimization coupled with the ongoing deployment of IoT and IIoT across drilling and production assets will complement the industry landscape.
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Surging O&G infrastructure spending will significantly increase the adoption of analytics across various divisions. Rising volumes of oil and gas supplies has instigated the need for additional infrastructure requirement across the U.S. with Northeast and Southwest regions contributing over 19% and 36% of the total infrastructure investments. As per API, in 2017, the gathering & processing and refining divisions accounted to about 4.9 billion and USD 5.2 billion respectively.
Need for additional crude oil network to facilitate the transport of increased supplies from West Texas to refineries along with requirement of gas pipelines to transport the incremental capacity will continue to expand investments across the industry. In addition, ongoing concentration of LNG export terminals along with robust construction of oil tank farms will complement the business landscape.
The technological advancement has enabled the companies to generate real time information from production platforms and reservoirs that has helped them to make early prediction regarding equipment failures. The requirement of data analytics has further escalated with improvement in cloud computing capabilities, enhanced network security, cost saving and unlimited storage.
Key Players are SAP SE, Tableau Software, Microsoft Corporation, Hitachi Ltd, Oracle, Teradata, Cognizant, Capgemini, Accenture, Cisco Systems, TIBCO Software, IBM, SAS Institute, Hewlett Packard Enterprise Company, Enverus
Table Of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 U.S. oil & gas analytics 3600 synopsis, 2014 - 2025
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