Global Data Business in Oil and Gas Market Expected to Showcase Growth Inclinations at 18.9% CAGR during 2018 – 2026


Published on : Aug 28, 2018

Albany, New York, August 28, 2018: Data generated in the oil and gas industry is rising in terms of volume, velocity and variety. Moreover, information technology suppliers are continuously seeking solutions which could offer new opportunities for capturing big data and additional researching tools for the purpose of data management across the oil and gas industry. In order to study the overall market for data business in oil and gas sector, a new research report has been included to the broad database of Market Research Hub (MRH). This analysis is titled “Data Business in Oil and Gas Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”, which discourses information about the major trends as well as technologies playing a vital role in the growth of the data business in oil and gas market during the forecast period.

According to research findings, data business in oil and gas market is likely to expand at 18.9% CAGR during the forecast period between 2018 and2026. This growth is driven by the rising adoption of data management as well as big data software and solutions, together with data monetization across the oil and gas industry. The report highlights prime market factors such as drivers, restraints, and opportunities that are likely to influence the concerned market growth in the near future. Furthermore, the study delivers a holistic perspective on the market’s growth based on revenue (in US$ Mn) across diverse geographical regions; namely Europe, North America, Middle East & Africa, Asia Pacific and South America.

The market overview section provides important information associated to the current nature and future position of this market merged with key trends, policies and regulations, ecosystem analysis, IT spending analysis, PESTEL analysis and Porter’s Five Force analysis. Furthermore, the global data business in oil and gas market is actively segmented on the basis of component, oil companies, application, geography, and E&P lifecycle. Each of these segments are analyzed on the basis of market size (US$ Mn) forecast and market attractiveness.

The concluding section of the report focuses on the competitive landscape for the data business in oil and gas market. This section mentions the major players based on their geographic presence, recent key developments and market attractiveness. Some of the key players from the data business in oil and gas market include names like Accenture, Drillinginfo, , Datawatch, Hortonworks, Inc., Hitachi Vantara Corporation, EMC Corporation, IBM Corporation, Cisco Software, Inc., Newgen Software, Inc., Halliburton, Tata Consultancy Services Ltd., Schlumberger Limited, Informatica Corporation, Microsoft Corporation, MapR Technologies, Inc., SAP SE, SAS Institute, Inc., Oracle Corporation, Cloudera, Inc., Capgemini SE, Palantir Solutions and OSIsoft LLC among others.

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