Oil and Gas Data Management Market by Type (Data Analysis, IT Infrastructure, and Services), Deployment Model (On-premise and Cloud), and Application (Upstream, Midstream, and Downstream): Global Opportunity Analysis and Industry Forecast, 2021–2030
Data management is a process of acquiring, validating, storing, protecting, and processing aggrandized volume of various types of data, including structured, unstructured, and semi-structured data, to ensure reliability, accessibility, and timeliness of data for its end users. Oil and gas companies use data management solutions and services to gain deep insights and make business decisions. Furthermore, different components of data management, such as hardware, solutions, and services, make validation, process ability, and operations of essential businesses operations simpler and less time-intensive.
The global oil and gas data management market is impacted by factors such as operational efficiency and performance improvement, increase in popularity of real-time analysis and predictive analytics solutions, and increased awareness among end users. However, lack of skilled workforce, increase in the number of cyber-attacks and data breaches incidents, and high initial investment are anticipated to hamper the market growth.
The oil and gas data management market is segmented on the basis of type, deployment model and application, and region. On the basis of type, the market is categorized into data analysis, IT infrastructure, and services. Among the type of oil and gas data management systems, the IT infrastructure segment contributed the maximum market share in 2021, owing to the deployment of advanced networking and computing systems by end users especially in the emerging markets. According to the deployment model, the market is segmented into on-premise and cloud. By application, the market is segregated into upstream, midstream, and downstream.
The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Among regions, the Asia-Pacific region is projected to grow at the highest CAGR of 20.7% during the forecast period, owing to prominent digital transformation in oil and gas companies operating in the region.
Prominent market players have adopted product launch, partnership, geographical expansion, and acquisition as their key strategies to facilitate business growth and expansion across the globe. The key players profiled in the market are Cisco Systems, Inc., EMC Corporation, Hewlett-Packard Enterprise Company, Hitachi, Ltd., IBM Corporation, Infosys Limited, NetApp, Inc., Oracle Corporation, SAP SE, and Wipro Limited.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the oil and gas data management market along with current trends and future estimations to elucidate imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the oil and gas data management market for the period 2020–2030 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Type
Data Analysis
IT Infrastructure
Services
By Deployment Model
On-premise
Cloud
By Application
Upstream
Midstream
Downstream
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Russia
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players Profiled
Cisco Systems, Inc.
EMC Corporation
Hewlett-Packard Enterprise Company
Hitachi, Ltd.
IBM Corporation
Infosys Limited
NetApp, Inc.
Oracle Corporation
SAP SE
Wipro Limited
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