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Oil & Gas Analytics Market (Application - Upstream, Midstream, Downstream) - Global Industry Analysis Forecast 2016 - 2024
The oil & gas analytics market report by Transparency Market Research provides in-depth analysis of the oil & gas analytics market globally. The report segments the market on the basis of application and geography. The report analyzes the global oil & gas analytics market in terms of revenue (US$ Mn) for the 2016–2024 period. For this research study, the base year is 2015, whereas the forecast is from 2016 to 2024. The report provides a comprehensive competitive landscape and features companies developing and providing oil & gas analytics services. This report includes the key market dynamics affecting the oil & gas analytics market globally. The analysis in the report provides detailed insights into the global oil & gas analytics market. Major dynamics such as drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report through tables. The report also provides a detailed analysis of the global oil & gas analytics market with the help of Porter’s Five Forces model.View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11747
Oil & gas analytics services aid in minimizing the risks and improving safety across all the processes in the oil & gas industry. Oil & gas production output can also be enhanced with the assistance of oil & gas analytics services. Oil & gas analytics can also be used for assessing risky operations, and preventive measures can be undertaken to avoid accidents. Oil & gas analytics provides insights into logistics and supply chain and optimizes processes with integration of data across the entire supply chain. Oil & gas analytics also aids in monitoring of market sentiment, including potential opportunities, brand health, and competitor information. Declining oil & gas prices have encouraged adoption of oil & gas analytics services in the oil & gas industry. Increasing production from unconventional oil & gas resources has also boosted the adoption of oil & gas analytics services.
The global oil & gas analytics market has been broadly segmented on the basis of application into upstream, midstream, and downstream. Upstream application was the largest application segment of the global oil & gas analytics market, accounting for more than 50% of the global share in 2015. Adoption of oil & gas analytics services in upstream application has increased owing to rising drilling and production costs and associated risks. Upstream application segment includes oil & gas analytics services such as asset maintenance, exploration and production optimization, risk and Health, Safety & Environment (H&SE) management, drilling optimization, and finance commissioning assessment.
Midstream application segment includes oil & gas analytics services such as transportation optimization (vessels and ships), supply chain management, pipeline risk assessment, and storage optimization. Downstream application segment includes oil & gas analytics services such as refining and separation processes optimization, liquefaction and regasification assessment, demand and supply optimization, trade optimization, price optimization, risk management, personnel safety assessment, market analysis, and marketing and sales assessment. The downstream application segment is expected to grow at a fast rate during the forecast period owing to increasing utilization in refineries and corporate functions.
The global oil & gas analytics market was analyzed for North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America accounted for more than 40% of the global market share in 2015. However, the Middle East and Africa (MEA) oil & gas analytics market is expected to grow at the fastest rate during the forecast period. Asia Pacific is anticipated to be the second-fastest growing market for oil & gas analytics services. Europe, Asia Pacific, and Middle East & Africa held the second-largest, third-largest and fourth-largest market share, respectively, of the global oil & gas analytics market in 2015.
Complete Report with TOC : www.transparencymarketresearch.com/oil-gas-analytics-market.html
Some of the leading companies in the global oil & gas analytics market include SAP SE, Oracle Corporation, IBM Analytics, Drillinginfo Inc., Accenture Plc, Microsoft Corporation, SAS Institute Inc., Deloitte Development LLC, KPMG International Cooperative, Teradata Corporation, Capgemini S.A., Hitachi Data Systems Corporation, Cognizant Technology Solution Corporation, TIBCO Software Inc., and Tableau Software Inc. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments. The global oil & gas analytics market has been segmented as follows:
Global Oil & Gas Analytics Market: Application Analysis
Upstream
Midstream
Downstream
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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.
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