Oil and Gas Cloud Applications Market 2021 2021 Outlook Report, Growing Trends in Forecasted Period 2027 | Oracle Corporation(US), Microsoft Corporation(US), Tableau Software(US), SAP SE(Germany)

The Oil and Gas Cloud Applications Market report provides a 360-degree survey of all sections responsible for the development of the Oil and Gas Cloud Applications market. The Oil and Gas Cloud Applications industry research explores the current fierce situation and the changing factors of the various factors that influence the development of the Oil and Gas Cloud Applications market. Concentrate also includes data on the major companies in the Oil and Gas Cloud Applications market. This coverage also included data on integrations, acquisitions, organizations, and collaborative efforts in the Oil and Gas Cloud Applications market.

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This report studies the global Oil and Gas Cloud Applications market analyzes and researches the Oil and Gas Cloud Applications development status and forecast in the United States, EU, Japan, China, India, and Southeast Asia. This report focuses on the top players in the global market, like

Oracle Corporation(US)
Microsoft Corporation(US)
Tableau Software(US)
SAP SE(Germany)
Capgemini S.A.(France)
Citrix Systems(US)
Hewlett-Packard Company(US)
Cisco Systems Inc.(US)
IBM Corporation(US)

Overview

A majority of oil and gas companies are turning to cloud computing as the answer to their problems. These companies need new ways to optimize operations and maximize asset productivity. By utilizing the power of the cloud, these companies are enabling unprecedented mobility and flexibility in the oilfield. And since cloud applications are constantly evolving, it's easy to keep up with the latest trends and developments. A cloud-based solution saves money, time, and resources. The best part about cloud technology is that companies are only charged for the space they actually use. Many oil and gas companies already make use of these solutions and have seen impressive results.

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Market segment by Type, Oil and Gas Cloud Applications can be split into
Data Analytics
CRM
ECM
Collaboration
HCM
ERP
Project Management
SCM
GRC
Core industry applications

Market segment by Application, Oil and Gas Cloud Applications can be split into
Small & Medium Business Enterprises
Large Enterprises

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Drivers

Rapid adoption of cloud-based solutions across the oil and natural gas sector to reduce operation expenditure and for secure storage of critical information is expected to propel the growth of the global oil and gas cloud applications market over the forecast period. For instance, in November 2021, two tech giants, IBM Corporation and Amazon Web Services, signed an agreement to boost digitalization across the oil and natural sector by providing next-generation cloud solutions.

Moreover, increasing exploration and extraction activities for natural gas and crude oil amidst growing demand is expected to supplement the growth of the global oil and gas cloud applications market during the forecast period.

Restraints

Increasing occurrences of data breaches on the centralized servers of cloud platforms are expected to limit the growth of the global oil and gas cloud applications market.

Opportunities

Favorable reimbursement policies provided by governments combined with the growing popularity of digital oilfields are expected to provide lucrative growth opportunities for participants contributing to the global oil and gas cloud applications market.

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Regional Analysis

Europe is expected to witness significant growth during the forecast period in the global oil and gas cloud applications market. Rapid digitalization of oil rigs, combined with vast reserves of offshore natural gas is propelling the growth of the oil and gas cloud applications market in this region.

Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia

Key Developments

In November 2021, the Norwegian start-up firm, Earth Wind & Power, announced plans to provide cloud-based storage solutions for oilfields located in the Northern Sea.

In December 2021, a natural gas flaring solution provider in the U.S., Crusoe Energy, launched climate-driven Data Center Services for natural gas burning.

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