Global IT Spending in Oil and Gas Market Growth (Status and Outlook) 2025-2031

Global IT Spending in Oil and Gas Market Growth (Status and Outlook) 2025-2031

The global IT Spending in Oil and Gas market size is predicted to grow from US$ 18240 million in 2025 to US$ 24120 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.

Information technology refers to all the technology used to handle telecommunications, broadcast media, intelligent building management systems, audiovisual processing and transmission systems, and network-based control and monitoring functions. The information revolution and the extraordinary increase in the spread of knowledge has given birth to a new era-one of knowledge and information which affects directly economic, social, cultural and political activities of all regions of the world.

North America is the largest IT Spending in Oil and Gas market with about 36% market share. Middle East is follower, accounting for about 15% market share.The market for IT Spending in Oil and Gas is fragmented with players such as GE Oil and Gas, SAP, IBM, Microsoft, Oracle, Dell, ABB, Hitachi, Huawei Technologies, Indra Sistemas, Siemens, TCS, Capgemini, Tech Mahindra, Wipro, HCL Technologies, Infosys, DXC Technology, CGI Group, Cisco Systems and Alcatel-Lucent, Top five players account for 34% market share.

LPI (LP Information)' newest research report, the “IT Spending in Oil and Gas Industry Forecast” looks at past sales and reviews total world IT Spending in Oil and Gas sales in 2024, providing a comprehensive analysis by region and market sector of projected IT Spending in Oil and Gas sales for 2025 through 2031. With IT Spending in Oil and Gas sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IT Spending in Oil and Gas industry.

This Insight Report provides a comprehensive analysis of the global IT Spending in Oil and Gas landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on IT Spending in Oil and Gas portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT Spending in Oil and Gas market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT Spending in Oil and Gas and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IT Spending in Oil and Gas.

This report presents a comprehensive overview, market shares, and growth opportunities of IT Spending in Oil and Gas market by product type, application, key players and key regions and countries.

Segmentation by Type:
Hardware
Software
Services

Segmentation by Application:
Upstream
Midstream
Downstream

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Oil and Gas
SAP
IBM
Microsoft
Oracle
Dell
ABB
Hitachi
Huawei Technologies
Indra Sistemas
Siemens
TCS
Capgemini
Tech Mahindra
Wipro
HCL Technologies
Infosys
DXC Technology
CGI Group
Cisco Systems
Alcatel-Lucent