Press release
Oil & Gas Analytics Market to Witness Revolutionary Growth by 2028 - BM Analytics, Oracle Corporation, ETC
Oil & Gas Analytics Market
The globalย oil & gas analytics marketย was valued atย US$ 13 Bnย inย 2019ย and is anticipated to expand at a CAGR of ~15%ย during the forecast period. Based on service, the professional segment held a prominent share of the global oil & gas analytics market inย 2019, as professional service provides the choice of personalized advisory services for solutions by using case definition, planning, and build activities through analytics expertise and methodology and tools. In terms of deployment, the hosted segment accounted for a major share of the global oil & gas analytics market inย 2019. Based on application, the upstream segment constituted significant share of the global oil & gas analytics market inย 2019.ย The demand for upstream services is high among oil & gas companies.
๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:ย https://www.transparencymarketresearch.com/oil-gas-analytics-market.htmlย
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐จ๐ ๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The oil & gas analytics market is dominated by multinational players operating across the globe. Prominent players operating in the global oil & gas analytics areย ๐๐๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ, ๐๐ซ๐๐๐ฅ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐๐, ๐๐ข๐๐ซ๐จ๐ฌ๐จ๐๐ญ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ฐ๐ฅ๐๐ญ๐ญ ๐๐๐๐ค๐๐ซ๐ ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐๐, ๐๐จ๐ซ๐ญ๐ก๐ฐ๐๐ฌ๐ญ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ, ๐๐ง๐. ,๐๐ง๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐, ๐๐๐
๐๐๐ฐ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐ ๐๐ญ๐ก๐๐ซ ๐ ๐ฎ๐๐ฅ๐ฌ, ๐๐ง๐ ๐๐ก๐๐ฅ๐ ๐๐๐ฌ ๐๐จ๐จ๐ฆ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
New discoveries in oil & gas and other fuels are taking place across the globe due to the rise in prices of fuel. This is one of the major drivers of the global oil & gas analytics market. Most of the companies are deploying oil & gas analytics to boost their production and increase operational efficiency.
Investment in oil & gas exploration across the globe rose byย 20%ย inย 2018.ย About 140 discoveries were made in the year. The total estimate for discovered resources stood at around 9 billion barrels of oil equivalent inย 2018. It wasย 10 billionย barrels of oil equivalent inย 2017.ย Offshore discoveries were prominent with 60% share, while gas resources accounted for about 40% share inย 2018.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐:ย https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11747ย
The shale gas boom, which led to significant production of oil and natural gas in the U.S., is boosting the oil & gas analytics the market
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐๐๐๐๐ฌ ๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
North America was the key region of the global oil & gas analytics market inย 2019. The U.S. dominated the oil & gas analytics market in North America inย 2019. Increase in oil and gas exploration and production activities in North America is expected to boost the demand for oil & gas analytics in the region. It is also anticipated to be a highly attractive region of the global oil & gas analytics market in the near future.
Investment in exploration and production of shale gas has been rising in the U.S. in order to meet the increasing demand for crude oil across the country. Oil & gas analytics is used to analyze drilling data to identify new subsurface oil fields. Hence, the U.S. is anticipated to lead the oil & gas analytics market in North America in the near future.ย
In terms of market share, Europe follows North America in the global oil & gas analytics market. This can be primarily ascribed to the rise in investment in the upstream sector in countries such as Russia, Norway, the U.K., and CIS countries in the region. These countries are major producers of oil & gas in Europe and utilize oil & gas analytics to obtain real-time well operation data. Hence, the oil & gas analytics market in in Europe is likely to expand during the forecast period.
The oil & gas analytics market in Asia Pacific and Middle East & Africa is projected to expand at a high CAGR in the near future. Rise in investment in oil & gas industry, along with governments' initiative to promote automation in the oil & gas industry, is estimated to drive the oil & gas analytics market in these regions in the near future.
๐๐๐ญ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ :ย https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=11747ย
๐๐๐ฃ๐จ๐ซ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Inย April 2020, Hitachi, Ltd. announced that it had signed an agreement with Fusionex International Plc (Fusionex), a Big Data and AI technology market leader in Asia, to acquire the successor company of digital business under the "Fusionex" brand, as a wholly owned subsidiary. Hitachi aims to be a global leader of social innovation business in theย 2021ย mid-term management plan. It plans to invest aggressively in the IT sector with focus on North America and Asia.
Inย July 2020,ย The John Lewis Partnership announced that Capgemini, a leading global consulting, technology services and digital transformation company, had been selected to provide specialist IT application services to support the Partnership's technology systems and business processes. Capgemini will support the Partnership's core operational IT application services used across the technology estate to run businesses such as trading, supply chain, finance and personnel systems, and core enabling services such as integration and information.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ซ๐ฏ๐ข๐๐
Professional
Cloud
Integration
๐๐ฅ๐ข๐๐ค ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11747ย
๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ
On-premise
Hosted
๐๐ข๐ฅ & ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Upstream
Midstream
Downstream
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
๐๐จ๐ก๐ข๐ญ ๐๐ก๐ข๐ฌ๐๐ฒ
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