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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Oil and Gas analytics Market Growth
Oil and gas analytics, often known as oilfield analytics, is the use of big data analytical approaches in oil and gas operations. Oil and gas analytics are utilised to reduce downtime, increase output, lower maintenance costs, improve asset management, maintain human safety, and predict offshore operations. Big data analytics are used to collect and interpret enormous amounts of data created in oil and gas applications, then use the data to improve reservoir output and find preventive measures and projected outcomes which drive the growth of the oil and gas analytics market.
Oil and gas firms are working to shift from traditional methodologies to mobility-based ways to increase performance and operational efficiency, which is driving demand for oil and gas analytics.
Oil and Gas Analytics Market Report Snapshots
Oil and Gas Analytics Market Size
Oil and Gas Analytics Market Growth
Oil and Gas Analytics Market Analysis
Oil and Gas Analytics Market Share
Oil and Gas Analytics Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global oil and gas analytics market value is projected to grow at a CAGR of 14.80% between 2024 and 2032.
The major market drivers include increasing demand for energy, reduced maintenance cost, and improvements in oil and gas operations.
The key trends of the market include adopting to a mobility-based approach, emerging technologies, and generation of high volumes of data.
The competitive landscape consists of SAS Institute Inc., Oracle Corporation, Accenture Plc, IBM Corporation, SAP SE, TIBCO Software Inc., Northwest Analytics Inc., among others.
Oil and gas analytics, also known as oilfield analytics, are the usage of big data analytical methods to operations in the oil and gas sector.
The global oil and gas analytics market is segmented based on component, deployment mode, organisation size, and region.
The deployment model in the market is cloud based and on-premises.
Big data analytics is used for collecting and processing data generated by oil and gas companies, providing them with insights for improved decision making.
Based on the component, market segmentations include software and service.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The market is bifurcated into small and medium businesses and large enterprises.
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