The research report on ‘North America oil & gas analytics market’ provides a detailed analysis of the growth catalysts, challenges, and prospects which are likely to define the profitability graph of this industry vertical.
Pune, India, Oct. 27, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, North America oil & gas analytics market is anticipated to amass notable gains during 2021-2027, primarily due to advent of efficient real time data analytics and escalating demand for advanced configuration control.
The study provides valuable insights to the regional landscape of the industry. It enlists all the leading players defining the competitive hierarchy of the business sphere along with other crucial attributes related to them. Lastly, the report sheds light on the different strategies adopted by the mentioned companies to strengthen their footprint in the overall market.
For the unversed, a host of analytics engine helps to generate a massive chunk of operational and financial data. This has allowed for integration of advanced technologies such as IoT and process automation to analyze oil & gas data. In addition, low ownership cost, surging product optimization, and expanding reservoirs are also adding considerable momentum to industry progression.
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Elaborating market segmentation
By deployment type, the marketplace is fragmented into on premise, and hosted, whereas the service segment is further bifurcated into professional, cloud, and integration. Among these, the cloud segment is expected to register significant growth over the forecast period. Cloud services allow for prompt data recovery and provide access to unlimited storage as well as flexibility of data management.
In terms of application, North America oil & gas analytics market is split into upstream, midstream, and upstream. Analysts claim that upstream segment is poised to expand substantially over 2021-2027 owing to the adoption of Big Data analytics to boost fluid front monitoring geophones, carbon capture, and channel counting. Moreover, oil & gas companies are also likely to use big data for customizing predictive models which can help to determine equipment failures.
Expounding regional landscape
Regionally speaking, U.S. market is projected to amass considerable gains during 2021-2027, primarily driven by the expansion of oil and shale gas reservoirs, growing focus on maintenance cost reduction, and refinement equipment downtime. According to a data released by EIA, in 2019 proved reserves of crude oil reached nearly 367 million barrels in the country.
Also, the pandemic outbreak has severely affected the oil and gas industry in the U.S. leading to production cuts to slowing of production. This in turn has compelled traders to adopt digital solutions for cost optimization and other crucial activities.
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Highlighting the competitive hierarchy
Key players operating in North America oil & gas analytics market are Enverus Inc., The Hewlett Packard Enterprise Company, Capgemini SE, SAS Institute Inc., Hitachi Ltd, International Business Machines Corporation, Teradata Operations Inc., TIBCO Software Inc., Tableau Software Inc., Cisco Systems Inc., Accenture plc, Cognizant Technology Solutions, Oracle Corporation, Microsoft Corporation, and SAP SE.
North America Oil & Gas Analytics Market, by Deployment (Revenue, USD, 2017-2027)
North America Oil & Gas Analytics Market, by Service (Revenue, USD, 2017-2027)
North America Oil & Gas Analytics Market, by Application (Revenue, USD,2017-2027)
North America Oil & Gas Analytics Market, Regional Analysis (Revenue, USD, 2017-2027)
North America Oil & Gas Analytics Market, Competitive Hierarchy (Revenue, USD, 2017-2027)
The Hewlett Packard Enterprise Company
SAS Institute Inc.
International Business Machines Corporation
Teradata Operations Inc.
TIBCO Software Inc.
Tableau Software Inc.
Cisco Systems Inc.
Cognizant Technology Solutions
Table of Content:
Chapter 1. Methodology & Scope
1.1. Research methodology
1.2. List of data sources
Chapter 2. Market Snapshot
2.1. North America oil & gas analytics market snapshot
Chapter 3. North America Oil & Gas Analytics Industry Trends
3.1. Industry coverage
3.2. Industry size & forecast, 2017 - 2027
3.3. Value chain analysis
3.3.1. Company product snapshot
3.4. Innovation Landscape
3.5. COVID-19 impact on the industry outlook
3.6. Regulatory norms & directives
3.7. Drivers & restraints
3.7.1. Market drivers
3.7.2. Market restraints
3.8. Industry analysis - Porter's
3.9. Product growth mapping
Chapter 4. North America Oil & Gas Analytics Market, By Deployment (USD)
4.1. North America oil & gas analytics market share by deployment, 2020 & 2027
4.2. On Premise
4.2.1. Market estimates and forecast, 2017 - 2027
4.2.2. Market estimates and forecast, by country, 2021 - 2027
4.3.1. Market estimates and forecast, 2017 - 2027
4.3.2. Market estimates and forecast, by country, 2021 - 2027
Chapter 5. North America Oil & Gas Analytics Market, By Service (USD)
5.1. North America oil & gas analytics market share by service, 2020 & 2027
5.2.1. Market estimates and forecast, 2017 - 2027
5.2.2. Market estimates and forecast, by country, 2021 - 2027
5.3.1. Market estimates and forecast, 2017 - 2027
5.3.2. Market estimates and forecast, by country, 2021 - 2027
5.4.1. Market estimates and forecast, 2017 - 2027
5.4.2. Market estimates and forecast, by country, 2021 - 2027
Chapter 6. North America Oil & Gas Analytics Market, By Application (USD)
6.1. North America oil & gas analytics market share by application, 2020 & 2027
6.2.1. Market estimates and forecast, 2017 - 2027
6.2.2. Market estimates and forecast, by country, 2021 - 2027
6.3.1. Market estimates and forecast, 2017 - 2027
6.3.2. Market estimates and forecast, by country, 2021 - 2027
6.4.1. Market estimates and forecast, 2017 - 2027
6.4.2. Market estimates and forecast, by country, 2021 - 2027
Chapter 7. North America Oil & Gas Analytics Market, By Country (USD)
Gas Pipeline Infrastructure Market Size, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Global Gas Pipeline Infrastructure Market is estimated to reach over USD 1.5 trillion by 2025. Increasing accessibility and production from offshore gas fields owing to advancing technologies will foster the gas pipeline infrastructure market growth. Prevailing government initiatives for improving the inadequate gas distribution and transmission infrastructure to facilitate the domestic and international trade will enhance the business outlook. Rising dependency on imported natural gas coupled with limited interstate pipeline network will augment the business landscape. Growing demand for clean energy primarily across the commercial and residential sector will drive the gas pipeline infrastructure market. Ongoing coal to gas switch coupled with rapid industrialization will drive the industry growth. Rising adoption of natural gas across the power generation, manufacturing and chemical plants will complement the industry landscape. In addition, strict industry norms along with sincere government measures to confront the universal climate change will further stimulate the product adoption.
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