openPR Logo
Press release

Open process automation to be in great demand in the Oil & Gas Data Monetization Market at a CAGR of 14.9% from 2022 to 2032

Oil & Gas Data Monetization Market

Oil & Gas Data Monetization Market

As per a study by Persistence Market Research, from US$ 40.3 billion in 2022 to US$ 161.6 billion in 2032, the global Oil and Gas Data Monetization Market is predicted to grow at a 14.9% CAGR from 2022 to 2032.

The implementation of Industry 4.0 has paved the road to a new era of competitiveness which further is driving the demand for oil and gas data monetization market. This implementation is playing a vital role in helping oil and gas companies to tackle the challenging landscape of the industry and helps them in improving their operational and maintenance needs.


In addition, the recent advent of the technological advancements in Big Data and analytics is one of the key factors driving the growth of oil and gas data monetization market during the forecast period. Moreover, the adoption of IoT solutions built around the applications such as factory optimization, predictive maintenance, and supply chain automation is creating potential growth opportunities for the oil and gas data monetization market.

The increase in the number of oil and gas companies across the globe acts as one of the major factors driving the growth of oil and gas data monetization market. The increase in the adoption of the big data technologies to collect, manage, and increase new insights, and increase in demand for data monetization technologies that can assist key players in optimizing their business operations, and improving their competitive edge accelerate the market growth.

We Offer Tailor-made Solutions to fit Your Requirements, Request Customization -

Key Takeaways:

On the basis of component, oil & gas data monetization software/platform to grow at a CAGR of 14.9%
Indirect data monetization is expected to grow at a high rate, with a CAGR of 14.0% during the forecast period.
The oil and gas data monetization market in Japan is expected to be worth US$ 37.0 Million by 2032
China is expected to reach US $20.6 Billion by 2032, growing at a CAGR of 17.9% during the research period.
The US is expected to reach a market size of US$ 41.0 Billion by 2032, with a CAGR of 14.4% during the research period
U.K to accumulate a market size of US$ 2.61 billion by 2032, with a CAGR of 15.1% during the research period.
By 2032, Australia to reach a market size of US$ 1.5 Billion, with a CAGR of 17.5% during the research period.
Competitive Landscape

Major players such as:

• Adastra Corporation
• Dawex
• IBM Corporation
• Intel Corporation
• Comviva
• Aspen Technology
• Paxata, Inc
• Optiva Inc.
• SQLstream, Inc.
• Virtusa Corporation

Gain Complete Access To The Report -

In November 2019, Oracle announced a new cloud-native deployment option for BRM. The enhanced deployment model provides a modern monetization solution to capture opportunities. The latest version of the BRM solution is introduced to support emerging 5G-enabled use cases for CSPs.

In July 2019, Microsoft introduced a new Microsoft Azure service. The new Azure Data Share service is a cloud service. It will help organizations in sharing their internal data. The company focuses on providing the service for its customers to share data to comply with regulations and privacy policies.

In June 2019, Salesforce announced the acquisition of Tableau, a leading provider of the analytics platform. This acquisition would provide Salesforce customers with a full view of their consumers across touchpoints by combining the CRM platform of Salesforce with Tableau's data.
Find More Valuable Insights on Oil and Gas Data Monetization Market

Persistence Market Research (PMR) published a detailed study on the oil and gas data monetization market, which includes global industry analysis for 2015-2021 and forecasts for 2022-2032.

Explore PMR's Extensive Coverage on Industrial Automation Domain -

The report provides an insightful analysis of the market concentration across five different regions, through three different segments - method, component, application, E&P lifecycle, and oil companies. The report titled - 'Oil and Gas Data Monetization' deliberates current installed base, product usage in various applications from domestic to industrial, as well as prevailing trends and technologies. Along with this, detailed value chain analysis pertaining procurement and aftermarket services has been presented in the report.

Explore PMR's Extensive Coverage on Industrial Automation Domain -

Bandsaw Machine Market - Bandsaw machine market Segmented By Mitre, Circular, Ring, Straight Bandsaw Machines Cutting Type with Manual, Semi-Automatic, Fully-Automatic, CNC Bandsaw Machines Operation in Horizontal, Vertical Bandsaw Machines Orientation:

Gardening Tools Market - Gardening Tools Market Segmented By Gardening Equipment, Garden and Lawn Tools with Shears and Pruning Tools, Striking Tools, Digging Tools Product:

Checkweigher Machine Market - Checkweigher Market Segmented By 50 ppm to 150 ppm Checkweigher Machines Throughput Rate with 1kg to 6kg Above Capacity:

Media Contact:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales -

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Open process automation to be in great demand in the Oil & Gas Data Monetization Market at a CAGR of 14.9% from 2022 to 2032 here

News-ID: 2751146 • Views: 219

More Releases from Persistence Market Research

The Bone Marrow Transplantation Market to foray into digital innovation, witness …
The current scenario is such that there is an increase in the adoption of Bone Marrow Transplantation procedures for treating various chronic diseases. This scenario is, by all means, favoring the Bone Marrow Transplantation market growth. Request For Free Sample Report of Bone Marrow Transplantation Market @ Europe to Dominate the Global Bone Marrow Transplantation Market Due to an increasing number of modern healthcare centers, the European market is expected to witness
Medical Simulation Market to Record CAGR of 14.4% Rise in Growth by 2031
As per Persistence Market Research's new industry analysis, the global medical simulation market is poised to surge at a CAGR of over 14% through 2031. Patient safety has always been a prominent concern in the healthcare industry. Medical errors needs to be controlled as there has been an increase in mortality rate. Death count has been mitigated significantly with the advent of simulation in healthcare. Request for Free Sample Report of "Medical
Patient Engagement Solution Market to Witness CAGR of 13% Rise in Value Share Du …
As per findings by Persistence Market Research, the worldwide patient engagement solution market reached a valuation of around US$ 12.2 Bn in 2020, and is anticipated to surge at a CAGR of 13% over the next ten years. Patient engagement software solutions facilitate patient data management and hospital management. These are patient engagement platforms that automate appointment management, which reduces long waiting hours for patients. The healthcare sector has shifted from paper
The Antibiotic Resistance Market to see digitized data collection at a CAGR of 4 …
Antibiotic resistance is one of the biggest public health concerns today. In the U.S., over 2 million people suffer from an antibiotic-resistant infection annually. Growing mortality rate due to these infections has generated a gateway for pharmaceutical manufacturers to develop novel antibiotics. Fighting this threat is a national and public health priority that needs a collaborative approach among healthcare providers and governments. Human overuse of antibiotics leads to the development

All 5 Releases

More Releases for Data

We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data. Specialized components backed up by AI and
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “ The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to
Data Quality and Data Governance Solution Market - Demand For Cost-Effective Dat …
In the enterprise data management ecosystem, data quality is a broad term which refers to the quality, integrity, and consistency of data and/or process etc. Data quality also implies the degree of data accuracy and consistency. On the other hand, data governance focusses on the management of data assets by assigning authority, control, and responsibility of data and encompasses three key areas: people, process, and technology. Data quality and data governance