Press release
Big Data in Oil and Gas Sector Market Giants Spending is going to Boom | General Electric, IBM, Oracle
Big Data in Oil and Gas Sector Market
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Definition:
Oil and gas sector dealt with huge amounts of data such as Seismic, logs, surveying, and real-time measurement data. The decisions and processes that relate to the exploration of oil and natural gas, developing and producing acquire big data amounts. Big Data (also called Big Data Analytics or business analytics) makes it possible to gather and transmit information more effectively. The oil & gas industries are using Big Data technologies to collect, manage, and rapidly analyze seismic drilling and production data. It also helps them to have new insights that assist in improving drilling and production performance. Using Big Data in the oil and gas sector will improve the efficiency of the oil and gas industry. The onshore, as well as offshore platforms, are looking to Big Data as a new way to improve processes and productivity. This will boost the market growth in upcoming years,
Market Trends:
Adoption of Blockchain Solutions to Improve Big Data Security
Drone Technology
Market Drivers:
Increasing Integrating of Artificial Intelligence and Machine Learning by Oil & Gas Industry
Increasing Exploration and Production Activity
Reducing Costs and Implementations
Market Opportunities:
Increasing Use of Big Data Analytics
Digitization of Oilfields in Middle East Countries such as Saudi Arabia
In October 2017, Hitachi Vantara launched Pentaho 8.0, the next generation of its Pentaho data integration and analytics platform software. This software provides support for Spark and Kafka to improve data and stream processing to provide real-time data processing to fast track digital insights. Also, it has the ability to easily match compute resources with business demand in real-time.
The Global Big Data in Oil and Gas Sector Market segments and Market Data Break Down are illuminated below:
by Type (Services, Software), Application (Upstream {Exploration, Drilling, Reservoir Engineering, Production Engineering}, Midstream {Transportation Monitoring, Environmental Monitoring, Predictive Maintenance}, Downstream {Refining, Transportation, Health and Safety Executive (HSE), Retail}), End User Industry (Oil Industry, Gas Industry)
Global Big Data in Oil and Gas Sector market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
-To carefully analyze and forecast the size of the Big Data in Oil and Gas Sector market by value and volume.
-To estimate the market shares of major segments of the Big Data in Oil and Gas Sector
-To showcase the development of the Big Data in Oil and Gas Sector market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Big Data in Oil and Gas Sector market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Big Data in Oil and Gas Sector
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Big Data in Oil and Gas Sector market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/reports/129401-global-big-data-in-oil-and-gas-sector-market#utm_source=OpenPR/Rahul
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
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New Jersey USA - 08837
Phone: +1(201) 7937323, +1(201) 7937193
sales@advancemarketanalytics.com
About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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