Data Business in Oil, Gas Market Showcases Promising Growth During For

Posted by Arslan on December 26th, 2018

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Data Business in Oil and Gas Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

The data business in oil and gas market report provides analysis of the market for the period 2016 –2026, wherein the years from 2018 to 2026 is the forecast period and 2017 is considered as the base year. The report covers all the major trends and technologies playing a major role in the growth of the data business in oil and gas market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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The market overview section of the report demonstrates market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, key trends, regulations and policies, IT spending analysis, ecosystem analysis, Porter’s Five Force Analysis, and PESTEL analysis. A market attractiveness analysis has been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the data business in oil and gas market. The report also provides an overview of various strategies adopted by key players in the market.

The report segments the market on the basis of component which are big data, data management, and direct data monetization. Big data component is further segmented into software and services. Big data software includes data analytics, data collection, data discovery and visualization, and data management software. Big data services in the oil and gas market are classified into consulting, system integration, and operation and maintenance. Data management is also segmented into software and services. Data management software includes Corporate Data Management (CDM)/ Enterprise Data Management (EDM), Project Data Management (PDM), and National Data Repository (NDR). Data management services include consulting & planning, integration & implementation, and operation & maintenance. Data business market is also segmented based on oil companies into National Oil Companies (NOCs), Independent Oil Companies (IOCs), and National Data Repository (NDR). Further, by application, the market is segmented into upstream (conventional, unconventional), midstream, and downstream. It is anticipated that upstream application segment will continue to dominate the market over the forecast period. Upstream application segment is also classified by E&P lifecycle into exploration, development, and production segments. The report provides in-depth segment analysis of the global data business in oil and gas market, thereby providing valuable insights at the macro as well as micro levels.

The report also provides the competitive landscape for the data business in oil and gas market, thereby listing out all the major players according to their geographic presence, market attractiveness, and recent key developments. The competitive landscape section of the report gives an overview about the market share of several key players for the year 2017. Data business in oil and gas market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, economic, social, technological, environmental, and legal factors along with the current market dynamics affecting the market growth. Moreover, the key takeaways section provided at the end of the competitive landscape section would help the operating companies to make the best moves in this market.  

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the data business in oil and gas market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer first-hand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.