Press release
Oil and Gas Analytics Market is set to grow 20% from 2016 to 2024
Abundant availability of unconventional resources in the U.S. will further complement the industry growth. In 2016, Cobalt a U.S. based company has discovered natural gas in the Zalophus 1 well in Block 20 offshore Angola and recent discovery of crude and natural gas reserve by Sonangol could produce up to 2 million barrel a day for coming three years.
Expansion of refineries to meet the increasing petroleum product demand may boost global oil and gas analytics market size. In 2016, ExxonMobil announced to expand refining capacity of Beaumont refinery (Texas) with 40,000 barrel by 2018.
Increasing exploration and production of oil and natural gas will augment the industry from 2016 to 2024. Strict government regulation to ensure safety during operation will further complement the industry growth. Rising investments in digital technology by O&G companies to increase workforce productivity and reduce cost will encourage oil & gas analytics market share during forecast period.
Request for Sample copy of this research report @ https://www.gminsights.com/request-sample/detail/685
On premise oil and gas analytics market size was valued at USD 1,787.02 million in 2015 and is expected to witness a significant gain by 2024. Hosted deployment is expected to grow over 20% from 2016 to 2024 owing to its cost saving and business productivity enhancement capability of when compared with on premise.
Upstream oil & gas analytics market was valued at over USD 2 billion in 2015 and is expected to grow at a rapid pace of over 20%, subject to increasing offshore and unconventional drilling. Analytics tool enables upstream sector to obtain real time data at lower cost and manage operation in better way through new capabilities, which will propel the industry growth. TIBCO company implemented digital technology to optimize exploration and production cost.
Asset Performance analytics for upstream application is expected to reach over USD 1 billion by 2024, this significant growth can be attributed to increasing focus on asset management. It helps to manage risk in asset management, improve asset utilization, reduce maintenance cost and minimize safety incident.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/685
Midstream oil and gas analytics market size accounted for 21% of global revenue share in 2015 and is projected to expand further by 2024 owing to escalating demand for midstream infrastructure. It helps to monitor equipment and pipeline and allow precise approach to maintenance.
Pipeline SCADA is expected to reach over USD 2 billion by 2024 considering the impressive growth in demand for real time and accurate information and growing pipeline transportation. Downstream oil & gas analytics market size was valued over USD 1 billion in 2015 and is expected to witness growth over 15% in future. Increasing competition among refinery & changing and volatile feedstock are forcing downstream players to implement analytics services. It helps to improve refining and processing efficiency.
Refining analytics helps to minimize corrosion and reduce the downtime & maintenance cost, which will encourage its application in industry and is expected to witness a growth of over 19% from 2016 to 2024
Browse key industry insights for Oil And Gas Analytics Market
https://www.gminsights.com/industry-analysis/oil-and-gas-analytics-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.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 is set to grow 20% from 2016 to 2024 here
News-ID: 862299 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Analytic
Customer Behavior Analytic Market Size Analysis by Application, Type, and Region …
According to Market Research Intellect, the global Customer Behavior Analytic market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The customer behavior analytics market is experiencing robust growth as businesses increasingly prioritize data-driven strategies to understand…
Polyelectrolytes Market Research Report 2023 | InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Polyelectrolytes Market- (By Type (Polycations, Polyanions, Polysalts), By Source (Natural, Synthetic, Chemically Modified), By Composition , By Application (Coagulants, Flocculants, Thickener, Emulsifier, Enhanced Oil Recovery, Drug Delivery Systems, Batteries & Super Capacitors, Others), By End-Use (Waste Water Treatments, Sugar Industry, Paper & Pulp, Power, Mining & Metallurgy, Personal Care, Oil & Gas, Medical, Energy Storage,…
Sulfasalazine Market Research Report 2023 | InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Sulfasalazine Market- (By Product Type (Generic Sulfasalazine, Branded Sulfasalazine), By Application (Rheumatoid Arthritis, Inflammatory Bowel Diseases, Crohn's Disease, Ulcerative Colitis), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Specialty Clinics), By Patient Demographics (Adults, Pediatrics), By Disease Severity (Mild, Moderate, Severe), By Prescription Type (Over-the-Counter (OTC) with medical supervision, Prescription-only), By End-user (Hospitals, Clinics,…
Gemigliptin Market Research Report 2023 | InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global xx Market Size, Share & Trends Analysis Report By Type of Drug (Gemigliptin Monotherapy & Gemigliptin Combination Therapy), By Dosage Form (Gemigliptin Tablets & Gemigliptin Injectable), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, & Online Pharmacies), By End-User (Hospitals, Clinics and Outpatient Facilities, & Homecare Settings), By Patient Demographics (Adultand Geriatric), Region, Market Outlook And…
Horehound Market Research Report 2023 | InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Horehound Market Size, Share & Trends Analysis Report by Nature (Organic And Conventional), Form (Liquid, Powder And Oil) And Application (Food Flavoring Agent And Pharmaceuticals & Drugs)- Market Outlook And Industry Analysis 2031"
The global horehound market is estimated to, exhibit a CAGR of 7.67% during the forecast period for 2023-2031.
Request for Sample Pages: https://www.insightaceanalytic.com/request-sample/1558
Horehound is…
Herbicides Market Research Report 2023 | InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Herbicides Market Size, Share & Trends Analysis Report by Type (Synthetic And Bio-Based), Application (Pulses & Oilseeds, Grains & Cereals, Commercial Crops, Fruits & Vegetables, Turf & Ornamentals And Others), And Mode Of Action (Selective And No-Selective)- Market Outlook And Industry Analysis 2031"
The global herbicides market is estimated to reach over USD 71.15 billion by…
