Oil and Gas Cloud Applications Market Reaches $5.1 Billion by 2019 with Rising Demand – New Report by MarketsandMarkets
(PRWEB) April 16, 2015 -- MarketsandMarkets expects Oil and Gas Cloud Applications Market to reach $5.1 billion by the end of 2019 at a healthy CAGR of 13.6%. The report provides information about the growth trends and revenue forecasts for the key players in the industry.
Explore Oil and Gas Cloud Applications Market through detailed TOC, figures and data tables spread across over 144 report pages.
http://www.marketsandmarkets.com/Market-Reports/cloud-applications-oil-gas-market-246803500.html
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MarketsandMarkets suggests steady growth in the global oil and gas cloud applications market. According to the report massive rise in demand for natural gas and crude oil is expected to influence this industry during the future. Increasing standard of living and rapid industrialization are also considered to be major driving factors for the market. Rising demand from the emerging markets is also expected to be a major driver for this industry on global scale.
The report segments global Oil and Gas Cloud Applications Market on the basis of the types of applications and deployment model. It also analyzes the end-user organizations and geographic demand patterns in the market. According to the report exchange rates around the world and dollar fluctuations are expected to impact the growth of the market.
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