ALBANY, New York, July 23, 2018 /PRNewswire/ —
According to a new market report published by Transparency Market Research, the global oil & gas data management market is expected to reach a value of US$ 33,510.6 Mn by 2026. The market is projected to expand at a CAGR of 18.2% during the forecast period from 2018 to 2026. Increasing cost and complexity of operations, need to manage project risks, and ensuring compliance with regulations are some of the factors that are expected to drive the oil & gas data management market globally. Asia Pacific is anticipated to be the fastest growing region for the market during the forecast period which is expected to be followed by Middle East & Africa. Data management is experiencing flourishing growth in terms of adoption across different industry verticals around the globe including oil & gas. Increase in the implementation of big data analytics and artificial intelligence offered by vendors is further contributing to the growth of the oil & gas data management market.
(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )
Browse Research Report at https://www.transparencymarketresearch.com/oil-gas-data-management-market.html
Growing list of data management solution vendors likely to boost the growth of the overall market over the forecast period
Adoption of oil & gas data management by small and medium-sized enterprises (SMEs) is increasing mainly due to cost efficiency as well as limited capital investment required for subscription based (cloud) services. Utilizing data management software/services for cost cutting and time savings (process optimization) is fueling the growth of the market substantially with the trend expected to be maintained during the forecast period.
Request a Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10439
Oil & Gas Data Management Market: Scope of the Report
The oil & gas data management market has been segmented on the basis of solution, services, and geographical regions. In terms of solution, the market has been classified into enterprise data management, project data management, and national data repository. The national data repository segment has been further bifurcated into standalone and integrated. The standalone segment has been further classified into seismic data management system, well data management system, project data management system, and borehole data management system. The services segment has been classified under consulting & planning, integration & implementation, and operation & maintenance.
The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with the qualitative analysis for market estimates supplementing the growth of the oil & gas data management market during the forecast period. Seismic and borehole data management segments are anticipated to experience lucrative growth opportunities in the market. In terms of adoption of oil & gas data management, the enterprise data management sector is projected to expand at a CAGR of approximately 18.2% during the forecast period from 2018 to 2026.
Get a PDF Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10439
North America and Europe collectively accounted for almost 50% of the global market share in 2017, with North America holding a larger share of the market. Technological developments and relatively higher maturity in terms of technology penetration are major drivers of the oil & gas data management market in North America. Within the Europe oil & gas data management market, Germany held the largest revenue share in 2017, closely followed by the U.K. Asia Pacific, which includes China, India, Japan, and Rest of Asia Pacific, is expected to witness the fastest growth during the forecast period attributed to the rapid technological developments in various industry verticals across different countries. Moreover, several emerging economies in the region are experiencing growth in their infrastructure which is further supporting the oil & gas data management market growth in this region.
Download Report TOC at https://www.transparencymarketresearch.com/report-toc/10439
Global Oil & Gas Data Management Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global oil & gas data management market. Some of the key players profiled in the report include Capgemini S.A., EMC Corporation, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, Tata Consultancy Services Ltd., Oracle Corporation, Halliburton, Informatica Corporation, and Schlumberger Limited.
In terms of geography, the global accounting software market can be segmented into North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among the regions, North America is expected to dominate the global accounting software market during the forecast period. However, Asia Pacific and Europe are also expected to account for significant market share during the forecast period.
Browse Press Release at https://www.transparencymarketresearch.com/pressrelease/oil-gas-data-management-market.htm
The global oil & gas data management market is segmented as below:
Global Oil & Gas Data Management Market, by Deployment
- By Solution
- Corporate/Enterprise Data Management System
- Project Data Management System
- National Data Repository
- Seismic Data Management system
- Well Data Management System
- Project Data Management System
- Borehole Data Management System
- Integrated Solution
- By Services
- Consulting & Planning
- Integration & Implementation
- Operation & Maintenance
Global Oil & Gas Data Management Market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America
Popular Reports by TMR:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY – 12207
USA – Canada Toll Free: 866-552-3453
Research Blog: https://transparencyjournal.com/
SOURCE Transparency Market Research