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Oil Gas Project Management Software Market Research Report by Technological Development, Applications and Forecast 2025

09-08-2017 05:56 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: TMR - Research Reports

Oil Gas Project Management Software Market Research Report

Projects undertaken by oil and gas companies having highly complex operations, resource management, capital management, and inventory management, among others are at the forefront of driving demand for global oil and gas project management software. These highly sophisticated and efficient software are leveraged by oil and gas companies to handle their capital projects.

Oil and gas project management software have many advantages. They enable companies to properly utilize resources and keep a tab on the progress of projects. They also aid companies to understand risks and bring about compliance. Further, they help with analytics and reporting as well.

Providing headwinds to the global oil and gas project management software market is the growing investments in alternate energy such as wind, solar, tidal, nuclear and water. Moreover, the yawning gap between demand and supply of oil and gas is also acting as a deterrent to the market.

Browse Our Report @ http://www.transparencymarketresearch.com/oil-gas-project-management-software-market.html

As per a report by Transparency Market Research, the global oil and gas project management software market will likely progress slowly at a CAGR of 3.6% from 2017 to 2025 to attain a value of US$ 489.5 mn by 2025-end.

Application-wise, the global oil and gas project management software market is can be bifurcated into upstream and mid and downstream. Of the two, the upstream application segment is predicted to contribute majorly to the market on account of rising investments in upstream application. As the global oil and gas industry looks to improve upon operational efficiency of exploration and production activities and tread a path of consolidation in the face of lessening revenues through mergers and acquisitions, the demand for oil and gas project management software is only slated to increase. The mid and downstream application segment is expected to hold a comparatively smaller share of the global oil and gas project management software market.

Brochure With Latest Advancements With Application @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=26552

From a geographical perspective, North America currently leads the market with maximum share. The U.S., which grosses maximum revenue in the region, is the main driver of expansion. North America is a leading region because of being home to a large number of industry players in the region and its massive shale oil reserves.

Europe trails North America vis-à-vis revenue in the global oil and gas project management software market. Europe is powered primarily by the U.K. and Scandinavia region. The massive reserves of oil and gas in the North Sea and Scandinavian regions are one of the reasons for strong demand in the market. The presence of complex geological structures and pipeline network, increasing investments and exploration and production activities are said to be catalyzing growth in the region.

Browse Table Of Content @ http://www.transparencymarketresearch.com/report-toc/26552

Asia-Pacific region is another key market, which is being boosted by China and other South East Asian countries as the regional information technology industry, which supports the oil and gas industry gains strength. Swift pace of urbanization and burgeoning population is also helping to boost the market. In addition, the highly connected and advanced economies of South East Asian countries along with the presence of necessary infrastructures is expected to boost the regional market’s growth.

Some of the key comapnies in the global oil and gas project management software market are Deltek, Inc., InEight, Inc., EcoSys Management LLC, Oracle Corp., LiquidFrameworks, Inc., AVEVA Group PLC, SAP SE, Penta Technologies, Inc., Siemens AG, IBM Corp., IFS World Operations AB, Microsoft Corp., Stormgeo Holding AS, Aconex Ltd., Coreworx Inc., and Varec, Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Transparency Market Research
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Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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