Global Oil and Gas Cloud Applications Market– Industry Trends and Forecast to 2025

Market Analysis: Global Oil and Gas Cloud Applications Market

The Global Oil and Gas Cloud Applications Market is expected to reach USD 6.02 Billion by 2025, from USD 4.09 Billion in 2017 growing at a CAGR of 9.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

Market Definition: Global Oil and Gas Cloud Applications Market

This market report defines the market trends and forecast the upcoming opportunities and threats of the oil and gas cloud applications market in the next 8 years. Oil and gas sector deals with a large volume of data, which is very sensitive and play a major part in the national income of many countries. The oil and gas industry use various technologies to improve operational and infrastructural costs, which include usage of cloud technologies profusely. Now days all oil and gas companies’ produces large unstructured data that needs to be piled together. Oil and gas companies require access to real-time data from oil fields and drilling platforms, so that workers can team up and comprehend the data to make them informed regarding production decisions. With the help of cloud technology, energy companies started using real-time data. It helped various oil and gas companies to have solutions for their problem and have quicker access to data created in upstream, midstream, and downstream activities. Cloud applications are solutions based application on software-as-a-service platform and solution offered by cloud-based service for oil and gas industry is known as oil and gas cloud applications. Oil and gas cloud applications solutions comprise of different offerings from web hosting services to integrate technologies presented by local providers by large enterprises. There are various applications in this field, like customer relationship management (CRM), enterprise resource planning (ERP), and data analytics

Major Market Drivers: 

Nature of operations in the oil and gas industry is complex
Competition between companies to adopt cost-effective cloud solutions
Evolution of new technologies increased the growth of cloud applications

Restraints:

Data security concerns are increased
Government regulations and compliance challenges

Market Segmentation: Global Oil and Gas Cloud Applications Market

The global oil and gas cloud applications market is segmented into application, major sector, deployment model, organization size, business function and by geography.
Based on application, the global oil and gas cloud applications market is segmented into customer relationship management, enterprise content management and collaboration, enterprise resource planning, supply chain management, human capital management, data analytics, project and portfolio management, governance, risk, & compliance and others.
On the basis of major sector, the global oil and gas cloud applications market is segmented into upstream, midstream, downstream.
On the basis of deployment model, the global oil and gas cloud applications market is segmented into public cloud, private cloud and hybrid cloud.
On the basis of organization size, the global oil and gas cloud applications market is segmented into small and medium-sized enterprises and large enterprises.
On the basis of business function, the global oil and gas cloud applications market is segmented into marketing, sales, finance, operations and others.
Based on geography, the global oil and gas cloud applications market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-Pacific And, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Competitive Analysis: Global Oil and Gas Cloud Applications Market

The global oil and gas cloud applications market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of oil and gas cloud applications market for global, Europe, North America, Asia pacific and South America.

Major Market Competitors/Players: Global Oil and Gas Cloud Applications Market

Some of the major players operating in the global oil and gas cloud applications market are IBM. , Oracle, SAP SE, Microsoft, SAS Institute Inc, Hewlett Packard Enterprise Development LP, TIBCO Software Inc., TABLEAU SOFTWARE., Cisco., Seven Lakes Technologies., PetroCloud, LLC, WellEz. , Microsoft, Capgemini., Accenture., Citrix Systems, Inc., Larsen & Toubro Infotech Limited, HCL Technologies Limited, Huawei Technologies Co., Ltd.  among others.

Research Methodology: Global Oil and Gas Cloud Applications Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Demand Side Primary Contributors: Software Developers, OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others

Global Oil and Gas Cloud Applications Market– Industry Trends and Forecast to 2025

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