Press release
Oil & Gas Analytics Market Will Grow at a CAGR of More than 19% by 2024
New York, March 01: Market Research Engine has published a new report titled as “Oil & Gas Analytics Market By Application (Upstream, Midstream, Downstream) - Global Industry Analysis and Forecast 2016 - 2024”The Global Oil & Gas Analytics Market is expected to grow at a CAGR of more than 19% in the given forecast period.
Browse Full Report: https://www.marketresearchengine.com/reportdetails/oil-and-gas-analytics-market
Advanced change is a worldwide marvel, which can have a positive effect on oil and gas organizations when efficiencies and cost decreases are fundamental. Oil and gas associations should change their IT foundation into an advanced stage that incorporates social, portable, examination, and cloud, and additionally undertaking content administration and process instruments. Oil and gas investigation administrations help in minimizing the dangers and enhancing security over every one of the procedures in the oil and gas industry. Oil and gas generation yield can likewise be upgraded with the help of oil and gas investigation administrations. Oil and gas examination can likewise be utilized for evaluating hazardous operations, and preventive measures can be attempted to keep away from mischances. Oil and gas examination gives bits of knowledge into coordinations and production network and streamlines forms with reconciliation of information over the whole inventory network. Oil and gas investigation likewise helps in observing of market feeling, including potential open doors, mark well being, and contender data. Declining oil and gas costs have empowered appropriation of oil and gas investigation benefits in the oil and gas industry. Expanding creation from capricious oil and gas assets has likewise supported the reception of oil and gas investigation administrations.
The major driving factors of Oil & Gas Analytics Market are as follows:
• Due to a rapid increase in exploration and production of unconventional oil and shale gas.
• Declining crude oil & natural gas prices create need for making oil & gas operations more economically viable.
• Improvements in Environmental and safety regulations.
• These include exploration operations optimization, asset maintenance, drilling optimization, and risk assessment.
• High priority in improving the exploration and extraction of oil and gas.
The restraints factors of Oil & Gas Analytics Market are as follows:
• Tight regulations regarding renewable energy reforms.
• Poor quality of data and resistance toward data integration.
The Oil & Gas Analytical Market is segmented on the lines of its product, service, software, type and regional. Based on segmentation it is broadly segmented on the basis of application into upstream, midstream, and downstream. In 2015 upstream application contributed 50% of the global share. Upstream application has increased due to increase in drilling and production costs and associated risks. Midstream application includes transportation of ships and vessels, pipeline risk assessment, supply chain management and storage solutions. Downstream application includes separation and refining process, 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 Oil & Gas Analytical Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
Download Free Sample Report: https://www.marketresearchengine.com/requestsample/oil-and-gas-analytics-market
This report provides:
1) An overview of the global market for Oil & Gas Analytical Market and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for home healthcare.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets Oil & Gas Analytical Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Capgemini S.A., Deloitte Development LLC, Oracle Corporation, IBM Analytics, Drillinginfo Inc., Accenture Plc, Microsoft Corporation, SAS Institute Inc., Tableau Software IncSAP SE, KPMG International Cooperative, Teradata Corporation, Hitachi Data Systems Corporation, TIBCO Software Inc., and Cognizant Technology Solution Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Oil & Gas Analytics Market has been segmented as below:
By Application Analysis
Upstream
Midstream
Downstream
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
About MarketResearchEngine.com
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
Media Contact
Company Name: Market Research Engine
Contact Person: John Bay
Email: john@marketresearchengine.com
Phone: +1-855-984-1862, +91-860-565-7204
Country: United States
Website: https://www.marketresearchengine.com/
Address: 3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States
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