Global Big Data In The Oil And Gas Sector Market Overview:
Big data offers a wide range of solutions required for processing and analyzing enterprise data that are too large for traditional data processing tools to manage. Moreover, Big data analytics is the process of examining large and varied data sets to help organizations make more informed business decisions. Further, the introduction of big data in oil and gas sector has increased the efficiency of data management, integrate real-time production, maintenance, and engineering data to improve decision-making, efficiency, and safety. and may see market size of USD12.3 Million by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing digital monitoring of machines and equipment
- Reducing downtime and increase in production
Opportunities
- Rise in adoption of cloud-based subscription programs
Challenges
Competitive Landscape:
Some of the key players profiled in the report are Splunk Technology (United States), NetApp (United States), Microsoft (United States), EMC (United States), HP (United States), Oracle (United States), IBM (United States), PwC (United Kingdom), CSC (United States), SAS Institute (United States), Cisco Systems (United States), Teradata (United States) and Dell (United States). Additionally, following companies can also be profiled that are part of our coverage like SAP (Germany), Hitachi (Japan), Accenture (Republic of Ireland) and Deloitte (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Big Data In The Oil And Gas Sector market by 2027. Considering Market by Function Type, the sub-segment i.e. Predictive Maintenance & Machine Inspection will boost the Big Data In The Oil And Gas Sector market. Considering Market by Deployment Platform, the sub-segment i.e. On-Premise will boost the Big Data In The Oil And Gas Sector market.
What Can be Explored with the Big Data In The Oil And Gas Sector Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Big Data In The Oil And Gas Sector Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Big Data In The Oil And Gas Sector
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Big Data In The Oil And Gas Sector market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Big Data In The Oil And Gas Sector market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.