Oil and Gas Analytics Market Future Prospects, Growth And Outlook 2027 | Fortune Business Insights

Introducing new technologies and identifying the root cause which stands as a barrier in obtaining good profits, are the two important factors for any company to grow. As companies involved in exploration, supply chain and delivery of hydrocarbons want solutions to avoid the operational and maintenance cost. “Oil and gas analytics provide solutions based on the history and recent trends which helps in reducing errors and increasing efficiency. Analytics also helps in integrating the workforce and data which can be accessed to predict further actions to be taken.

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/oil-and-gas-analytics-market-100435

On the basis of their services, the oil and gas analytics market can be segmented into professional, integration and cloud services. On the basis of the deployment platform, global oil and gas analytics can be segmented into on-premise and hosted. Hosted analytics has grown in recent years as compared to on-premise. On the basis of its application, oil and gas analytics market can be segmented into upstream, downstream and downstream. Oil and gas analytics have been most used in upstream applications which involve exploration activities.

The major market driver for the global oil and gas analytics market is the ever increasing demand for energy all over the world. Lowering of the crude oil price in recent years has also helped the oil and gas analytics market to grow. Companies aiming to reduce the operation and maintenance cost take the help of analytics which also acts as a market driver for the oil and gas analytics market.

The factor which stands as a restraint for the global oil and gas analytics market is the volatility in the price of crude oil which is unpredictable. Also, the stringent regulations and compliances over the oil and gas industry act as market restraints for the global oil and gas analytics market.

Key Players Covered

  • Deloitte
  • EY
  • Infosys
  • PwC
  • IBM4
  • Accenture
  • Tata Consultancy Services
  • Capgemini
  • Wipro Limited
  • Tech Mahindra
  • Rolta India Limited
  • SAS
  • LTI Trucking Services, Inc

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/oil-and-gas-analytics-market-100435

Major Segments Mentioned:

1. By Services

  • Professional
  • Integration
  • Cloud

2. By Deployment Platform

  • On Premise
  • Hosted

3. By Application

  • Upstream
  • Midstream
  • Downstream

By Geography

  • North America (The USA and Canada)
  • Europe (UK, Germany, France, Russia, Italy and Rest of Europe)
  • Asia Pacific (China, Japan, Korea India, and Southeast Asia)
  • Latin America (Brazil, Argentina, Mexico and Rest of Latin America America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

On the contrary, the high cost associated with upgraded technology is a factor that may restrain the global Oil and Gas Analytics market.

Ask for Customization https://www.fortunebusinessinsights.com/enquiry/customization/oil-and-gas-analytics-market-100435

As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.

The report also offers insights on the key players operating in the global Oil and Gas Analytics market.

Key Market Driver – Increasing demand for oil and gas energy

Key Market Restraint – Volatility in price of crude oil

Key Industry Developments

  • In April, 2019, Universal mCloud announced about its acquisitions of Fulcrum Automation Technologies and Autopro Automation which will help oil and gas providers all over the world use AI and analytics to tap into large volumes of data in the cloud at a fraction of current IT costs.
  • In April 2019, Mi4 corporation became the first oil and gas software company to have a Power BI application featured in Microsoft’s Power BI App Source marketplace. This will allow oil and gas companies to capture and analyse field data efficiently.
  • In April 2019, KnowledgeNet a software from Tunisia based operation objects, which is used to extract, clean, transform, and analyse operational and manufacturing data was acquired by Emerson.

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/oil-and-gas-analytics-market-100435

Major Table of Content for Oil and Gas Analytics Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Oil and Gas Analytics Market Analysis, Insights and Forecast, 2027
  6. North America Oil and Gas Analytics Market Analysis, Insights and Forecast, 2027
  7. Europe Oil and Gas Analytics Market Analysis, Insights and Forecast, 2027
  8. Asia Pacific Oil and Gas Analytics Market Analysis, Insights and Forecast, 2027
  9. The Middle East and Africa Oil and Gas Analytics Market Analysis, Insights and Forecast, 2027
  10. Latin America Oil and Gas Analytics Market Analysis, Insights and Forecast, 2027
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

(Have a Look at Reports Trending in “Energy & Power” Industry)

View Related Reports:

Metal Forming Tools Market Size, Global Trends, Latest Techniques, Key Segments And Geography Foresights Till 2026

Smart Parcel Locker Market Strength, Major Type, Key Application And Leading companies Forecast Till 2027

Kiosks Market Size, Analysis By Segmentation And Geography Overview

Fixed Crane Market Size and Detailed Analysis Focusing On Key Players

Customer Experience Management Market Size, Share, Demand And Remarkable Growth Rate Till 2027

Who are the distributors, traders and dealers of Encryption Software Market? Fortune Business Insights

Diesel Generator Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights

5G Infrastructure Market: How will the Disruptions Created by Covid19 Affect the market ? Fortune Business Insights

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected] 

Jessie Denton

Jessie is the contributing author and editor for the electric vehicle column. She is an automobile engineer and has hypothesized many designs of vehicles based on the renewable sources of energies. She is also an excellent writer, and hence her contribution to the website is noteworthy. Her articles tell about the market of e vehicle, the rise, the drop and also the future predictions.