About Oil & Gas Data Management
Oil & Gas Data Management Systems collect and organize data based on the needs of the business. Simply put, these systems collect, prepare, and distribute the information required for company operations as well as corresponding management and control activities. Oil and Gas Data Management is a flagship qualification that combines a general management education with the specialist area of Oil and Gas Management to meet the needs and aspirations of early-career individuals. Data management is the process of acquiring, validating, storing, protecting, and processing a large volume of various types of data, including structured, unstructured, and semi-structured data, to ensure data reliability, accessibility, and timeliness for end users.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Oil & Gas Data Management market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Systems, Inc. (United States), EMC Corporation (United States), Hewlett-Packard Enterprise Company (United States), Hitachi, Ltd (Japan), IBM Corporation (United States), Infosys Limited (India), NetApp, Inc (United States), Oracle Corporation (United States), SAP SE (Germany) and Wipro Limited (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CliQr Technologies, Inc. (United States), SimpliVity (United States), Teradata (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Oil & Gas Data Management market by Type (Data Analysis, IT Infrastructure and Services), Application (Upstream, Midstream and Downstream) and Region.
On the basis of geography, the market of Oil & Gas Data Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Consulting & Planning will boost the Oil & Gas Data Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Oil & Gas Data Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Investments in R & D in the Oil and Gas Data Management Industries
Market Growth Drivers:
Data Organization Is Required In the Oil and Gas Industry, Increasing End-User Awareness of Oil and Gas Management and Its Benefits Such As Improving Operational Efficiency and Rising Oil and Gas Demand in Developing Countries
Challenges:
Fluctuation in Oil Prices, Lack of Skilled Workforce and High Deployment Cost
Restraints:
Harsh Environments Require Advanced Data Management Solutions
Opportunities:
Big Data Analytics for Oil & Gas Data Management and Enhanced Solutions for Data Management
Market Leaders and their expansionary development strategies
On 12th Mar 2021, Aunalytics, a leading data platform company that provides insights as a Service to enterprise businesses, and Stonebridge Consulting, a provider of end-to-end business and advisory technology services to next-generation oil and gas customers, announced a strategic partnership today to provide data accuracy and data management solutions to drive digital transformation in the oil and gas industry. Customers benefit from Universal Data Access as well as dynamic data cleansing and governance when Aunalytics Aunsight Golden Record as a Service and Stonebridge's EnerHubTM data management solution are combined.
Wastes generated from crude oil and natural gas exploration and production are generally subject to regulation under Subtitle D of the Resource Conservation and Recovery Act (RCRA) and state regulations, and many state governments have specific regulations and guidance for exploration and production wastes. In addition, some states are developing legislation and regulations in response to the increase in the use of hydraulic fracturing, including requirements related to waste management.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Oil & Gas Manufacturers, Oil & Gas Data Management Suppliers & Distributors, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.