Oil and Gas Mobility Market worth $18,693.9 Million by 2020 - New Report by MarketsandMarkets
(PRWEB) April 27, 2015 -- The oil and gas mobility market is expected to grow from $7,007.5 million in 2015 to $ 18,693.9 million by 2020 at a CAGR of 21.7%.
Browse 70 market data Tables and 52 Figures spread through 173 Pages and in-depth TOC on"Oil and Gas Mobility Market"
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Oil and Gas Mobility provides automation to various processes of the oil and gas sector. These functions include Asset Management, Materials Management, Mobile Analytics, Risk and Regulatory Compliance and Workforce Automation. Apart from automating the functions oil and gas mobility also help in automating the analysis of large chunks of quantified data which is generated in upstream, midstream and downstream process. This analysis helps in establishing a functional digital link among diverse locations, drafting organizational strategies and ensures quick decision making thus making Oil and Gas Mobility Market one of the most crucial markets in the world. Oil and Gas Mobility Market solutions help the oil and gas companies to plan their operations in a secured and efficient means. The major vendors of the Oil and Gas Mobility Market are Accenture, IBM Corporation, Infosys, Oracle Corporation, SAP SE, Microsoft, CISCO Corporation, Hewlett-Packard and Wipro. The major forces driving this market are technology up gradation, global market liberalization, market innovation and globalization.
MarketsandMarkets broadly segments the Oil and Gas Mobility Market by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA); by software: Asset Management, Data Management, Materials Management, Mobile Analytics, Risk and Regulatory Compliance, Workforce Automation and, Others; by deployment types: on-premises and hosted; by service types: professional services, integration services and cloud services.
MarketsandMarkets forecasts the Oil and Gas Mobility Market to grow from $7,007.5 million in 2015 to $ 18,693.9 million by 2020 at a CAGR of 21.7%. In terms of regions NA is expected to be the biggest market in terms of market size while Europe and Asia-Pacific (APAC) are expected to experience increased market traction during the forecast period.
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