openPR Logo
Press release

Oil and Gas Analytics Market Research Report Analysis, Forecast and Outlook 2025

02-17-2017 08:17 AM CET | Energy & Environment

Press release from: TMR Research

Oil and Gas Analytics Market Research Report Analysis, Forecast

Oil and gas analytics instrument is employed to obtain actionable judgment for improving upstream, downstream, and midstream business processes. This is done by analyzing big data in order to provide real-time analysis for accurate decision making, enhancing productivity, reducing finance risk, and for finding the major cause of production loss.

The report presents facts and figures relevant to the global oil and gas analytics market in a chronological order. With an analysis of past and current growth trends, analysts present satisfactory predictions regarding the growth prospects of the market. Thus, the users of the report receive accurate predictions of the global oil and gas analytics market that can be utilized to devise cutting-edge business strategies for the future. Using standard analytical tools such as SWOT analysis and Porter’s Five Forces analysis, the market study presents useful insights about the indices of strengths, weakness, opportunities, and threats of the market from 2017 to 2025.

Request a Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=662

Global Oil and Gas Analytics Market: Drivers and Restraints

The plummeting crude oil prices combined with high costs of exploration and production of conventional and unconventional resources is driving the global oil and gas analytics market. The use of analytic tools is effective for obtaining real-time data at reduced cost and to improve production efficiency from 6% to 8%. The rising demand for midstream infrastructure will also augment the growth of this market over the next few years. Moreover, increasing volume of data in the oil and gas industry will further fuel the growth of the oil and gas analytics market between 2017 and 2025.

The abundance of unconventional resources in the U.S. is further favoring the market’s growth. In 2016, a U.S. based company Cobalt discovered a natural gas well in Block 20 offshore Angola and recent exploration of the well by Sonangol is expected to produce 2 million barrels of oil per day for the next three years.

The expansion of oil and gas refineries to cater to the increasing demand for petroleum products is expected to boost the growth of the oil and gas analytics market. For instance, in 2016, ExxonMobil announced that it will expand the refining capacity of Beaumont refinery to 40,000 barrels by 2018.

Request for TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=662

Strict government regulations for enhanced safety during oil and gas operations will further boost the market’s growth. The increasing investments in digital technology by oil and gas companies for increasing workforce productivity and reducing cost will fuel the growth of the global oil and gas analytics market in the coming years.

Global Oil and Gas Analytics Market: Regional Outlook

North America is the largest market for oil and gas analytics. In this region, the U.S. contributes significantly to the growth of this market due to the increasing exploration of unconventional resources. However, Asia Pacific is expected to emerge as a significant market for oil and gas analytics. The increasing number of refineries in India combined with the increasing capacity of existing refineries is fuelling the growth of the regional market. Europe accounts for a significant share in the global oil and gas analytics market. The increasing adoption of digital technology for optimizing oil and gas operations will drive the oil and gas analytics market in this region.

Read Complete Report @ https://www.tmrresearch.com/oil-gas-analytics-market

Major Companies Mentioned in Report

Some of the leading companies in the global oil and gas analytics market are Accenture, Drillinginfo Inc., Tableau Software, Capgemini, Deloitte, SAP SE, IBM, Hewlett Packard Enterprise Development LP, Cognizant, Oracle, Hitachi Ltd., Cisco Systems Inc., Microsoft, TIBCO Software Inc., and SAS Institute Inc.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact :

Rohit Bhisey
Head - Internet Marketing
Tel: +1-518-618-1030
Email: sales@tmrresearch.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 Oil and Gas Analytics Market Research Report Analysis, Forecast and Outlook 2025 here

News-ID: 440912 • Views: 252

More Releases from TMR Research

Neuroscience Market Current Trends and Future Aspect Analysis 2018 - 2028
Advances in neuroscience research pivot on relentless urge of researchers to understand relationships between neural structures, function, and behaviour. Over the past few decades, a wide slew of neuroimaging technologies have come to the fore, expanding the horizon of the neuroscience market. In conjunction with a growing body of animal models and in vitro studies, human neuroimaging studies have been key enabler for neuroscience research. Neuroscientists have leveraged wide spectrum
Marula Oil Market | Metiista, AFRICAN BOTANICS, Lonza Group, Natural Sourcing, L …
Known to be highly beneficial for skin, the marula oil market will see demand for products based on the oil over the forecast period of 2018-2028. Some of the major brands in the skin care segment are extremely focused on using the oil as a mollifying agent. Besides, the fact that the oil is showing great results in term of cell renewal in skin is also greatly contributing to the
Lecithin Market 2028 | AMERICAN LECITHIN COMPANY, Swanson Health Products, NOW F …
Lecithin has shown great outcomes in terms providing medicinal benefits to patients, especially of cancer and dementia, thereby, creating a healthy demand for itself in the global market. And, as these, with a wide variety of chronic diseases see a massive increase in terms of incidence; the demand will only see an upward rise between 2018 and 2028. And, it is pertinent to note here that plagued with high costs
Annatto Market | Demand for Extravagant Cosmetic Products Boosts the Growth
The demand for food colors has grown significantly in recent years. This demand is expected to boost the growth of global annatto market from 2019 to 2029. Moreover, the growth of the market is also attributed to growth in the demand for packaged food products across the globe. However, the growing health concerns may limit this growth but, the hectic life schedule is projected to stimulate the consumers to incorporate

All 5 Releases


More Releases for Oil

Oil Refining Pumps Market |
The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela. The demand for
Oil Sands - Thematic Research
Oil Sands - Thematic Research Summary Oil sands, an unconventional hydrocarbon resource, holds vast growth potential for crude oil production amid declining output from maturing conventional fields and slowing pace of new discoveries. The oil sands deposits in Alberta, which are among the world's largest hydrocarbon reserves, are playing an influential role in driving the oil and gas industry in Canada. Despite facing severe backlash from environmentalists around the world, there has
Gingelly oil Market
https://www.qandqmarketresearch.com/reports/7431261/gingelly-oil-market-48 The global Gingelly oil market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Gingelly oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Gingelly oil market size by analyzing historical data and future prospect. Regionally, this report focuses on
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Cottonseed Oil Market
Global cottonseed oil market is expected to grow at a steady rate as the product is used in processing of many food & beverage products. It has neutral flavour and is said to enhance the natural taste of food products in which they are used. Thus, they are used extensively for frying and baking purposes. Margarines, whipped toppings, icings, salads, potato chips & french fries, cereals, baked goods, stir-fried and
Automotive Gear Oil Market
Automobile gears (or cogs) are rotating machine part having cut teeth, or cogs which mesh with another toothed part in order to transmit torque. The arrangement of two or more gears forms automotive transmission system. Automotive gear oil can be petroleum or synthetic based, used especially for lubricating automotive gears for all class of vehicles. It provide high transmission efficiency, reduce engine heating, provides proper clutch friction, insure better oxidation