The global Oil and Gas Analytics market is expected to grow upto US$ 49 Billion by 2027, at CAGR of about 37.63% during the forecast period.

The global oil and gas manufacturing are crossroad over the reducing oil and gas reserves international. New tasks arise and are spoken through conventional technologies. The growing global demand for fuel, growing competition, financial capital and public scrutiny and regulations are a few of the severe challenges faced today. The falling crude oil funds and the dynamic supply and demand are responsible for the price volatility of crude oil. New examination and extraction techniques are on the growth for new types of hydrocarbons. The developing technologies in the oil and gas industry generate a huge volume of operational and financial data. The use of various analytical engines supports to turn growing amounts of data into insights yielding profitability. The use of advanced business intelligence and analytics tools in the oil and gas manufacturing would lead to efficient and effective operations. The Oil and Gas Analytics market thus shows a rising trend with many oil companies transforming their conventional practices into an analytical performance-powered approach.

The global Oil and Gas Analytics market is segregated on the basis of Service as Integration Services, Cloud Services, and Professional Services. Based on Deployment Platform the global Oil and Gas Analytics market is segmented in Hosted and On-Premises. Based on Application the global Oil and Gas Analytics market is segmented in Downstream Operations, Midstream Operations, and Upstream Operations.

The global Oil and Gas Analytics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Oil and Gas Analytics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Oracle, Sap Ag, SAS Institute, Tableau Software, Teradata, Hewlett-Packard, Hitachi, IBM, Northwest Analytics, Tibco Software, and others are among the major players in the global Oil and Gas Analytics market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Oil and Gas Analytics Market has been segmented as below:

Oil and Gas Analytics Market, By Service

• Integration Services
• Cloud Services
• Professional Services

Oil and Gas Analytics Market, By Deployment Platform

• Hosted
• On-Premises

Oil and Gas Analytics Market, By Application

• Downstream Operations

• Pricing Analytics
• Commodity Trading Analytics
• Refining Analytics
• Demand Forecasting Analytics

• Midstream Operations

• Fleet Analytics
• Pipeline SCADA Analytics
• Storage Optimization Analytics

• Upstream Operations

• Exploration and Drilling Analytics
• Production Planning and Forecasting Analytics
• Field Surveillance and Monitoring Analytics
• Equipment Maintenance Management Analytics
• Workforce Management Analytics
• Asset Performance Analytics

Oil and Gas Analytics Market, By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Oil and Gas Analytics Market, By Company

• Oracle
• Sap Ag
• SAS Institute
• Tableau Software
• Teradata
• Hewlett-Packard
• Hitachi
• IBM
• Northwest Analytics
• Tibco Software

The report covers:

• Global Oil and Gas Analytics market sizes from 2018 to 2027, along with CAGR for 2022-2027
• Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
• Global Oil and Gas Analytics market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Oil and Gas Analytics market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

Report Scope:

The global Oil and Gas Analytics market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Oil and Gas Analytics market share. Major industry players with significant revenue share include Oracle, Sap Ag, SAS Institute, Tableau Software, Teradata, Hewlett-Packard, Hitachi, IBM, Northwest Analytics, Tibco Software, and others.

Reasons to Buy this Report:

• Gain detailed insights on the Oil and Gas Analytics industry trends
• Find complete analysis on the market status
• Identify the Oil and Gas Analytics market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Some of the recent developments in Oil and Gas Analytics Market are as follows:

SAP IN

• 05-2020: SAP IN has declared the launch of SAP S/4 HANA Cloud and SAP Commerce Cloud on India Data Centre.
• 09-2019: Microsoft and SAP first declared their partnership in 2017 to support enterprise customers conduct business innovation in the cloud.

IBM

• 09-2020: IBM delineated an inclusive strategy for Sri Lanka driven by Hybrid Cloud, and Artificial Intelligence, underpinned by Cybersecurity at a virtual round-table meeting. As organisations are beginning to reset, recover and revive their business to develop smarter from the pandemic, IBM will focus on helping them adapt to the new normal by infusing AI into their workflows, shifting to hybrid cloud, strengthening cybersecurity and automating IT processes.
• 08-2020: IBM has declared its collaboration with National Skill Development Corporation to offer ‘Open P-TECH’, a free digital education platform, engrossed on developing technologies and professional development skills.

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