Press release
Tailored Software Solutions for the Oilfield Services Market: New Offshore Projects to Drive Demand
The complex and long value chain of the hydrocarbons industry necessitates oil and gas companies to efficiently manage large datasets. Operations in the oil and gas industry are also capital-intensive and spread across a large geographical area, with hundreds of thousands of employees working at different locations. Taking this into consideration, investments in tailored or customized software have become almost imperative for oil and gas companies. This will cause the demand for tailored software solutions for oilfield services to grow, says a report by Transparency Market Research. The report is titled, ‘Tailored Software Solutions for the Oilfield Services - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014–2020.’The degree of customization and sophistication in oilfield services software depends mainly on how complex the process is and the size of the operator’s oil and gas operations. There are several benefits offered by tailored software solutions for oilfield services. The prospect of saving costs by automating critical tasks is a factor that encourages companies to invest in customized software solutions for oilfield services. Equipped with such solutions, companies can expect to smartly deploy their equipment and crew in areas where the intensity of operations is highest. Given these factors, the global tailored software solutions market is expected to report a healthy rate of growth.
Get more information:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3814
For the purpose of this study, the global market for tailored software solutions for oilfield services is segmented on the basis of geography and type of solution provided. Based on the latter criteria, the market has been segmented into: operation and production reporting, asset management, oilfield construction services, cost accounting services, production field data collection. The regional markets that have been studied for tailored software solutions for oilfield services are: North America, Europe, Asia Pacific, and Rest of the World.
North America is a leading market for tailored software solutions for oilfield services owing to a very positive investor sentiment currently prevailing in the United States, which can be gauged by the recent shale field development projects. With a high number of mature hydrocarbon reserves in North America, companies are looking at leveraging technology to identify ways and means to extract the maximum value from these mature reserves. This is where the role of tailored software solutions for oilfield services comes into the picture.
The report also identifies Europe as another crucial market for customized software solutions. Recent offshore projects seen in the North Sea, Kazakhstan, and Azerbaijan have fueled the market in Europe. Other major regional markets predicted to help the tailored software solutions for oilfield services are Africa and Latin America.
Leading vendors in the leading market for tailored software solutions for oilfield services are: SAP AG, Accenture, NexTec Group, and Alfresco Software Inc.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
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 Tailored Software Solutions for the Oilfield Services Market: New Offshore Projects to Drive Demand here
News-ID: 347002 • Views: …
More Releases for Transparency
transparency market research
The global Custom Antibody Market market is estimated to attain a valuation of US$1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 0.085% during the forecast period, 2023 to 2033.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading…
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
eDataCenterAnalyzer Increases Transparency in Data Centers
30 June 2016. Walldorf, Germany. – fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched eDataCenterAnalyzer™, an app that increases transparency in data centers. With the launch of this app and new releases of its Smart Data Platform Information Workbench™ and cloud management app eCloudManager™, the company has set the cornerstone for the future development of its product portfolio.
eDataCenterAnalyzer combines the full functionality of Information Workbench with innovative…
Transparency across the entire process chain
Leitner Spedition implements best4log-x
• Austrian trucking company uses arvato Systems solution
• End-to-end process management provides higher efficiency
(arvato Systems) Gütersloh / Unterpremstätten – Since the beginning of 2015, the Austrian trucking company Leitner Spedition has been working with the best4log-x transport management system. This SAP-based solution from arvato Systems provides an integrated digital information flow and supports mid-sized companies in achieving a transparent process design. Controlling and Reporting have seen a…
