Key players in Oil and Gas Analytics Market covered in this report include Accenture, Cisco Systems, Hewlett-Packard, IBM Corporation, Microsoft Corporation, Oracle, SAP AG and many more.
(PRWEB) January 02, 2015
The report "Oil and Gas Analytics Market" divides the global market into various sub-segments to provide a detailed analysis and forecasting of revenues. It also provides in-depth insight into the drivers, restraints, opportunities, challenges and ongoing trends in the market.
Browse “Oil and Gas Analytics Market” through detailed TOC, data tables and figures spread across over 135 report pages.
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This report analyzes the drivers, restraints and opportunities along with the time-impact analysis for the oil and gas analytics market. The drivers for this market listed in the report include rising global demand for oil and gas, untapped value of big data and asset-intensive oil and gas industry. The restraints for this market include the price volatility in oil and gas market, stringent regulations and compliances, harsh climatic conditions and communication links. Cloud analytics and evolutions of digital oilfields are also acknowledged as growth opportunities for this market. Whereas, depleting oil and gas reserves, aging workforce in the oil and gas industry are considered to be the major challenges.
MarketsandMarkets has extensively divided the oil and gas analytics market into the following sub segments:
1) Software: software used in upstream, midstream and downstream.
2) Deployment Platform: on-premise, and hosted.
3) Services: professional services, integration services, and cloud services.
4) Regions: North America (NA), Europe (EU), Asia Pacific (APAC), Latin America (LA) and Middle-East and Africa (MEA).
Analytics solutions for the oil and gas industry help to gain a holistic view of the operations. It also helps to keep pace with the vibrant markets, customer needs and regulations. Oil and gas analytics software allows companies to understand the dependencies, objectives and meet the target by analyzing the complete project life-cycle. Moreover, they help in improving operations and productivity, examining supply chain performance and verification of the root causes of production loss. These graphic software programs are being employed by various businesses around the world to improve efficiencies of their business processes along with enhancing and innovating product design and features.
The report expects the oil and gas analytics market to reach $19.65 billion in 2019, growing at a Compound Annual Growth Rate (CAGR) of 35.5%. On geographical grounds, Middle-East and Africa (MEA) is forecasted to be the biggest market for oil and gas analytics followed by North America (NA) and Asia Pacific (APAC).
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