Global Big Data In The Oil And Gas Sector Market 2024-2028

Global Big Data In The Oil And Gas Sector Market 2024-2028

The big data in the oil and gas sector market is forecasted to grow by USD 22422.2 mn during 2023-2028, accelerating at a CAGR of 27.17% during the forecast period. The report on the big data in the oil and gas sector market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need to optimize production, growing exploration of oil and gas, and health, safety, and environmental concerns in oil and gas sector.

Technavio's big data in the oil and gas sector market is segmented as below:

By Application

• Upstream
• Midstream
• Downstream

By Type

• Services
• Software

By Geographical Landscape

• North America
• APAC
• Middle East and Africa
• Europe
• South America

This study identifies the use of blockchain solutions to improve big data security as one of the prime reasons driving the big data in the oil and gas sector market growth during the next few years. Also, use of big data by AI and ML tool and oil and gas IoT data adding value to big data analytics will lead to sizable demand in the market.

The report on the big data in the oil and gas sector market covers the following areas:

• Big data in the oil and gas sector market sizing
• Big data in the oil and gas sector market forecast
• Big data in the oil and gas sector market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading big data in the oil and gas sector market vendors that include Accenture PLC, Alphabet Inc., Altair Engineering Inc., Alteryx Inc., Amazon.com Inc., BigPanda Inc., Capgemini Service SAS, Cloudera Inc., Datameer Inc., Dell Technologies Inc., DXC Technology Co., General Electric Co., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., Quorum Business Solutions Inc., and SAP SE. Also, the big data in the oil and gas sector market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.