Information Technology & Telecommunication

Oil & Gas Cloud Application Market Technology Progress 2018 to 2025

Oil & Gas Cloud Application Market

“Global Oil & Gas Cloud Application market 2018-2025” presents an in-depth assessment of the Oil & Gas Cloud Application including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Oil & Gas Cloud Application investments from 2018 till 2025. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc.

The purpose of the report is to describe the state of the global Oil & Gas Cloud Application market, to present actual and retrospective information about the volumes, dynamics, structure and characteristics of production, imports, exports and consumption and to build a forecast for the market in the next five years. In addition, the report presents an elaborate analysis of the main market participants, price fluctuations, growth and demand drivers of the market and all other factors, influencing its development.

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Key Highlights

The Global Oil & Gas Cloud Application market is growing rapidly due to several factors such as increasing need for cost optimization and growing adoption rate of cloud in oil & gas industry. However, increasing concerns over the security of the data are restraining the growth of the market.

As oil and gas industry is becoming demanding and more complex, the cloud computing technologies help in improving efficiency, lower costs and enable new opportunities that lead to the growth of the market. There are several benefits of cloud computing in oil & gas industry such as improved speed & dexterity, transforming the economics of IT, delivering IT without boundaries and building endure customer relationship.

The global Oil & Gas Cloud Application market is segmented by major sector into Upstream, Midstream, and Downstream. Based on Solution, the market is segmented into Data Analytics, Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Human Capital Management (HCM), and Others. By End-User, the market is segmented into Small & Medium Enterprises and Large Enterprises. Further, based on Deployment, the market is segmented into Public, Hybrid, and Private.

Solution Insights:

To improve the efficiency of operations in oil & gas industry, data analytics plays a major role in reducing the costs and predicting the industry analysis helping in making better decisions. Many companies started investing in adopting data analytics applications after oil prices declined which helps in getting some insights on industry data.

The upstream sector is expected to grow during the forecast period as it creating new platforms using big data analytics to get more industry insights on the unstructured and structured data. In addition, more storage capacity, unlimited computing with cost effectiveness is leading this sector to deploy new cloud services.

Regional Insights:

Geographically, the market is segmented into North America, Asia-Pacific, Europe, South America, and RoW. North America is dominating the oil & gas cloud application market due to increasing development of innovative technologies and being the largest producer of oil, thus creating new opportunities. In addition, increasing adoption of cloud applications due to lower cost and better efficiency for oil & gas industry operations is driving the growth of the market.

Some recent developments:

In Aug 2017, Microsoft and Halliburton entered into a strategic alliance to drive digital transformations across the oil and gas industry sector.
In Sept 2017, Schlumberger announced DrillPlan, a digital well construction planning solution that would leverage the benefits of Microsoft Azure and Azure Stack hybrid cloud solution in the oil and gas industry.
The report profiles the following companies, which includes IBM, SAP, Microsoft, HPE, Cisco, TIBCO, Seven Lake Technologies, PetroCloud, WellEz, Tableau, Aspen Technology, and SAS Institute.

The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.

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The report on the global Oil & Gas Cloud Application market includes:

  • Analysis and forecast for development of the market volume (market size), value and dynamics;
  • Market breakdown (by origin, by region, by country, by product types, etc.) in both physical and value terms;
  • Analysis of price levels (wholesale, retail, distributors, etc.) and their dynamics (past, current and future);
  • Volume, dynamics and analysis of imports (past, current and future);
  • Volume, dynamics and analysis of exports (past, current and future);
  • Volume, dynamics and analysis of consumption (past, current and future);
  • Value chain analysis and structure of price formation;
  • Analysis of the factors, influencing the market development (market growth drivers, restraints, recent state programs, etc.);
  • Characteristics of the main market participants (manufacturers, distributors, wholesalers, retailers, importers, exporters, Governmental structures, etc.) and the competitive landscape;
  • Analysis and forecast of the trends and levels of supply and demand on the market;
  • Country opportunity analysis;
  • Analysis of the major trade flows;
  • Forecast for market development in the medium term (including three possible scenarios for development).                                    

Scope of the Report:

By Major Sector

By Solution
Data Analytics
Enterprise Resource Planning (ERP)
Customer Relationship Management (CRM)
Human Capital Management (HCM)

Why purchase the report?

-Visualize the composition of the Oil & Gas Cloud Application market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
-Identify commercial opportunities in Oil & Gas Cloud Application by analyzing trends and co-development deals.
-Excel data sheet with thousands of data points of the Oil & Gas Cloud Application market  level 4/5 segmentation
-PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
-Product mapping in excel for the key Oil & Gas Cloud Application products of all major market players
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