Press release
Tailored Software Solutions for the Oilfield Services Segment Forecasts up to 2020
Oil and gas companies have to manage large data sets throughout the value chain of the hydrocarbon industry. In this capital intensive oil and gas sector the energy companies need to maintain complex and geographically diverse data sets of subcontractors, employees and suppliers. The new cost pressures have led oil and gas companies to increase their efficiency in exploration and production services. Automating procurement and scheduling processes allow operators to save operating costs. Software solutions which are specifically designed for the oilfield services provide a range of solutions to the upstream oil and gas sector. These software solutions assist the energy companies to maximize their utilization of field crews and equipment. Optimized solutions provided by these software helps to attain maximum production benefit at minimum field resource cost. To reduce operational costs and maximize field performance, the oil and gas operating companies are investing substantial amounts in tailored software solutions. The market for tailored software solutions is anticipated to grow at a considerable rate owing to the increasing demand of efficient solutions for the hydrocarbon sector.The need to process high volumes of operational data and maximize production efficiency are the major drivers attracting companies to develop tailored software solutions for the oilfield services. The software solutions developed for the upstream sector helps the companies to integrate various operations in an efficient manner.
Get Free Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3814
Several analytical software are designed to increase oilfield production and performance without the need to invest large amounts on IT services. Companies such as Royal Dutch Shell have invested substantial amounts in these solutions to analyze large amounts of geographical data which are produced from seismic sensors. Mobile software solutions keep field personnel in touch with corporate decisions which reduce the time and effort invested in oilfield services. However, developing cloud based solutions for the offshore industry can be very capital intensive which prohibits the further growth of the market.
The market for tailored software solutions for the oilfield services can be segmented on the basis of solutions provided by this industry. Different companies involved in this business offer several solutions to the oilfield operators according to their operational requirements. Some of the solutions are complete asset management, operation and production reporting, oilfield construction services, production field data collection and cost accounting services. The requirement of these solutions depends on the requirement of the operator and the complexity of the process.
North America is one of the leading markets for tailored software solutions due to increasing investment in shale field development projects. The oilfield operators in this region are also investing on these solutions to extract maximum oil and gas from their mature hydrocarbon reserves. Europe is also a major market for tailored software solutions as many offshore projects are being developed in North Sea, Azerbaijan and Kazakhstan. Latin America and Africa are anticipated to be one of the prominent markets of tailored software solutions for the oilfield services in the future. The major exploration companies have invested large amounts in oil and gas projects of these regions which is likely to drive investment in this market.
Some of the major market players investing in providing tailored software solutions for the oilfield services are Accenture, SAP AG, Alfresco Software Inc and NexTec Group.
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 Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
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 Segment Forecasts up to 2020 here
News-ID: 366145 • Views: …
More Releases from TMR - Market Research
Printed Electronics Market: Future Forecast Assessed on the basis of how the Mar …
The global printed electronics market is moderately fragmented, with leading players focusing on mergers and acquisition as their strategic business alliances are helping them to acquire greater share in the market and making them formidable competition for others. The players within the printed electronics market are also fighting to gain leadership in the market by implementing the latest technologies and investing in research and development for coming up with product…
Internet of Things Market: Industry Analysis, Opportunity Assessment and Forecas …
The global internet of things market is thrived by players of all sizes, with a large chunk of them traditionally based in the area of consumer electronics or internet and communication technologies (ICT), notes Transparency Market Research (TMR). Some of the leading companies in the global internet of things market are Cisco Systems, Inc., Intel Corp, Amazon.com, Inc., Microsoft Corp., Apple, Inc., and Google, Inc.
Top players in this market focused…
Water Purifier Market: Projection of Each Major Segment over the Forecast Period
The top two players, Eureka Forbes and Kent Ro system Ltd., held a dominant share of 65% in the India water purifier market in 2015. The consolidated market is expected to see the entry of several small and big companies, which spells hope for competition in the coming years, observes Transparency Market Research. “The promise of offering exceptionally services to the end users and making pure water affordable are the…
Water Purifier Market: Projection of Each Major Segment over the Forecast Period
The global internet of things market is thrived by players of all sizes, with a large chunk of them traditionally based in the area of consumer electronics or internet and communication technologies (ICT), notes Transparency Market Research (TMR). Some of the leading companies in the global internet of things market are Cisco Systems, Inc., Intel Corp, Amazon.com, Inc., Microsoft Corp., Apple, Inc., and Google, Inc.
Top players in this market focused…
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…
