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Oil And Gas Analytics Market 2023-2032: Competitive Landscape, Future Outlook, Industry Share And Major Players | Exxon Mobil Corporation, Shell PLC, Microsoft Corporation, Hitachi Ltd., Siemens AG
Oil And Gas Analytics Market
The Business Research Company's Template Global Market Report 2023 identifies increasing demand for oil and gas as the major driver for the Oil And Gas Analytics Market's growth in the forecast period. Oil and gas refer to the two primary natural resources that are extracted and used as sources to generate electricity, heat homes and businesses, and power vehicles. Oil and gas analytics play an important role in the oil and gas industries, as they are extensively used in the sector to gain valuable insights, minimize costs of production, improve well integrity, provide preventive and predictive maintenance, optimize operations, and make data-driven decisions.
The global oil and gas analytics market is expected to grow from $14.29 billion in 2022 to $17.04 billion in 2023 at a compound annual growth rate (CAGR) of 19.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The oil and gas analytics market are expected to reach $33.05 billion in 2027 at a CAGR of 18%.
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Major competitors in the oil and gas analytics market are Exxon Mobil Corporation, Shell PLC, Microsoft Corporation, Hitachi Ltd., Siemens AG, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited., Cisco Systems Inc., Oracle Corporation, Honeywell, KPMG, SAP SE, Hewlett Packard Enterprise Development LP, Schlumberger, TCS, Capgemini SE, Baker Hughes, Cognizant, Infosys, GE Oil & Gas, Weatherford, SAS Institute Inc., Halliburton, Teradata Corporation, Tableau Software LLC, Alteryx, OSIsoft LLC, P2 Energy Solutions, and Northwest Analytics Inc.
A key trend in the Oil And Gas Analytics Market includes technological advancement. Major companies operating in the oil and gas analytics market are focused on developing revolutionary and advanced technologies to strengthen their market share. For instance, in June 2023, TGT Diagnostics, UAE-based oil and gas analytics and diagnostics company, launched ChorusX, a unique and innovative diagnostic tool created to find and characterize movement in gas and oil wells. It uses acoustic array technology that allows energy businesses to quickly and precisely identify and map fluid flow across the well-reservoir system, assisting them in keeping wells clean, secure, and productive. ChorusX is a small array of eight nano-synchronized sensors that capture superior-resolution flow noises across a dynamic spectrum of levels and frequencies. Additionally, it improves efficiency and safety through early problem identification.
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The Oil And Gas Analytics Market is segmented -
By Offering: Hardware, Software, Service
By Deployment Type: On-Premises, Hosted
By User Type: Large Enterprises, Small And Medium Businesses
By Application: Upstream, Midstream, Downstream
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Oil And Gas Analytics Market.
The Business Research Company's "Global Oil And Gas Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Oil And Gas Analytics Market Include:
1. Executive Summary
2. Oil And Gas Analytics Market Characteristics
3. Oil And Gas Analytics Market Trends And Strategies
4. Oil And Gas Analytics Market - Macro Economic Scenario
5. Global Oil And Gas Analytics Market Size and Growth
……
32. Global Oil And Gas Analytics Market Competitive Benchmarking
33. Global Oil And Gas Analytics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Oil And Gas Analytics Market
35. Oil And Gas Analytics Market Future Outlook and Potential Analysis
36. Appendix
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