openPR Logo
Press release

Oil & Gas Analytics Market (Application - Upstream, Midstream, Downstream) - Global Industry Analysis Forecast 2016 - 2024

02-15-2017 02:38 PM CET | Energy & Environment

Press release from: Transparency Market Research

Oil & Gas Analytics Market (Application - Upstream, Midstream,

Oil and gas companies are moving through a phase that could prove to be highly beneficial to the global oil and gas analytics market. With the current oil prices slump showing very few signs of relief, crude extractors and refineries are looking to resolve their cost issues through optimizing their processes and increasing their production efficiencies. The global oil and gas analytics companies can help crude players do just that; the companies can improve their ROI though making decisions and strategies based on these analytics, says Transparency Market Research.

Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11747

TMR’s new study reveals that the key players in the global oil and gas analytics market are highly oriented towards providing software services. This can be concluded through the fact that software sales are increasing and have brought about major growth spurts in the global oil and gas analytics market over the recent past. The top three players – IBM Analytics, Oracle Corporation, and SAP SE – have collectively held around 23% of the market in 2014.

The research provided by seasoned TMR analysts can help shed a brighter light on the global oil and gas analytics market and all its current dynamics, with the oil prices slump in view.

Upstream Applications Will Continue Oil and Gas Analytics Dominance

“High risk has always been a part and parcel of oil and gas core functions,” stated a TMR analyst. “The priority that risk-management holds in the oil and gas exploration and production’s core functions has consistently made upstream oil and gas analytics exceptionally important.” The report also discusses how and why the upstream applications segment – with the highest market value of roughly US$2.89 bn in 2014 – will be the fastest-growing segment in the global oil and gas analytics market for the report’s forecast period from 2016 to 2024. This is a segment that includes key functions such as asset maintenance, risk assessment, drilling optimization, and production optimization. All the above factors are in high demand in the crude industry, enabling this segment as a whole to progress at a rapid rate.

Analytics Innovations and Customized Services are What Oil and Gas Companies are Looking For

The key players in the global oil and gas analytics market are all highly capable of not only providing the best in software, hardware, and services, but are also providers of patented software programs to third party service providers on the basis of lease and licensing. As a result, these companies are able to nudge their growth rates further than most new entrants. At the same time, the clients from the oil and gas sector have begun looking for new levels of innovations for high-quality analytics. They are also looking for customizations that might allow the new services or hardware to integrate seamlessly with their processes. Players who look deeper into these latent needs of the client are expected to show bigger margins. For instance, the April 2016 release of Solution Print by Deloitte Development LLC, along with its rapid rate of integrating the IoT structure to oil and gas analytics, have been causing many clients prefer this company’s services or look for similar services in the market.

Although software sales are at an all-time high in the global oil and gas analytics market, no importance is taken away from the installation and implementation of new hardware. The most commonly used hardware for oil and gas analytics include data monitoring equipment, data storage, and servers. Each sub-segment of hardware is showing a great deal of innovativeness when it comes to optimizing systems specifically for oil and gas analytics.

Scope of Development as Important as Market Share Size for Analytics Services Providers

From a regional perspective, a whopping 45% of the revenue in the global oil and gas analytics market was held by North America, for 2015. The U.S. was responsible for a large part of this revenue generated, followed by Canada and Mexico. Most of the key players in the region are also key players in the global market, allowing their growth and development to be a direct boost to the North America oil and gas analytics market. The North America analytics scenario for oil and gas has been a consistently positive one. It held a market value of US$3.1 bn in 2015 and, according to the TMR report, is showing a 19.5% CAGR from 2016 to 2024.

Complete Report with TOC : http://www.transparencymarketresearch.com/oil-gas-analytics-market.html

Additionally, many of these established analytics companies are already looking at regions such as Asia Pacific for further development. A major reason for this is the readiness of the Asia Pacific oil and gas industry to adopt the newer software and hardware in oil and gas analytics. This is good news for global players who are looking to expand their horizons beyond their primary region of operations.

The above market review is based on a research report released by TMR, titled “Oil & Gas Analytics Market – Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 – 2024.”

Key Segments of the Global Oil and Gas Analytics Market

Global Oil & Gas Analytics Market: Application Analysis

Upstream
Midstream
Downstream

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.

90 State Street, Suite 700
Albany, NY 12207

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 Oil & Gas Analytics Market (Application - Upstream, Midstream, Downstream) - Global Industry Analysis Forecast 2016 - 2024 here

News-ID: 438878 • Views: 328

More Releases from Transparency Market Research

Global Analysis of Pearl Milk Tea Market - Insights and Trends 2027
Overview The business intelligence report from TMR is an all-important tool that enables vendors to discover growth opportunities, and undertake strategic planning to tap into these opportunities. The valuable facts, figures, and statistical information provided is compiled based on extensive primary and secondary research and insightful inputs received by industry experts. Obtain Report Details @ https://www.transparencymarketresearch.com/pearl-milk-tea-market.html Market Insights The market research study from TMR discusses the demand drivers, geographical distribution, and competitive scenario of
A Recent Study Says Global Meat Starter Culture Market Will Make A Huge Impact I …
Overview The business intelligence report from TMR is an all-important tool that enables vendors to discover growth opportunities, and undertake strategic planning to tap into these opportunities. The valuable facts, figures, and statistical information provided is compiled based on extensive primary and secondary research and insightful inputs received by industry experts. Obtain Report Details @ https://www.transparencymarketresearch.com/meat-starter-culture-market.html Market Insights The market research study from TMR discusses the demand drivers, geographical distribution, and competitive scenario of
Mineral Salt Ingredients Market : An Insight On The Important Factors And Trends …
Overview The business intelligence report from TMR is an all-important tool that enables vendors to discover growth opportunities, and undertake strategic planning to tap into these opportunities. The valuable facts, figures, and statistical information provided is compiled based on extensive primary and secondary research and insightful inputs received by industry experts. Obtain Report Details @ https://www.transparencymarketresearch.com/mineral-salt-ingredients-market.html Market Insights The market research study from TMR discusses the demand drivers, geographical distribution, and competitive scenario of
Oyster Sauce Market To Witness Significant Growth In The Global Industry
Overview The business intelligence report from TMR is an all-important tool that enables vendors to discover growth opportunities, and undertake strategic planning to tap into these opportunities. The valuable facts, figures, and statistical information provided is compiled based on extensive primary and secondary research and insightful inputs received by industry experts. Obtain Report Details @ https://www.transparencymarketresearch.com/oyster-sauce-market.html Market Insights The market research study from TMR discusses the demand drivers, geographical distribution, and competitive scenario of

All 5 Releases


More Releases for Analytics

Healthcare Predictive Analytics Market
The mounting concern for optimizing healthcare costs among myriad healthcare providers and payers is a key factor boosting the demand for predictive analytics in the healthcare sector. The ever-growing need for boosting patient outcomes and improving the quality of care is a seminal trend boosting the evolution of healthcare productive analytics. In recent years, there is a surging interest among payer organizations and several healthcare institutions in using predictive tools
Healthcare Analytics Market
Healthcare Analytics Market – Global Industry Analysis and Forecast (2017-2026) _ by Type, Component, Delivery Mode, Application, End-user and by Geography Healthcare Analytics Market is expected to reach USD 42.4 Billion by 2024 from USD 7.1 Billion in 2016 at a CAGR of 29.1%. This is a comprehensive global report focused on the current and future prospects of the Healthcare Analytics Market. This report is a consolidation of primary and secondary
Operational Analytics Market Growth Analytics 2025
Global Operational Analytics Market: Snapshot The global operational analytics market is prognosticated to showcase a high potential for growth in the forthcoming years on the back of decisive factors such as the dominating advent of Internet of things (IoT)-enabled devices. The growth of the global operational analytics market could be on account of the rise in demand for cloud-based arrangements. Trouble-free maintenance and optimal cost could be some of the critical
Predictive Analytics Market Share
According to a new report, “Predictive Analytics Market (2017 – 2023)”, published by KBV research, the Global Predictive Analytics Market size is expected to reach $13.8 billion by 2023, rising at a market growth of 21% CAGR during the forecast period. The North America market holds the largest market share in Global Risk Analytics Solution Market by Region in 2016, and would continue to be a dominant market till 2023; growing
Business Analytics Software Market:
Business analytics software helps in interpretation and analysis of business data through continuous exploration and investigation of historical business performance to gain decisive insights for business planning. Through the application of statistical methods and tools in business performance data, a business analytics software conducts predictive analysis to derive decision making insights and inputs. A business analytics software thus helps an organization optimize its business operations and facilitates informed and strategic
Global Analytics Service Market by Type: Predictive analytics, Prescriptive anal …
Learning Objective • To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market. • To provide insights about factors affecting the market growth. • To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc. • To provide historical and forecast revenue of the