Market Overview:
The global big data in the oil and gas sector market is expected to grow from USD 2.02 billion in 2018 to USD 7.83 billion by 2030, at a CAGR of 18.5% from 2018 to 2030. The growth of this market can be attributed to the increasing demand for digital technologies in the oil and gas sector, rising adoption of big data analytics by oil and gas companies, and growing investments in big data infrastructure by oil and gas companies.
Product Definition:
Big data is a term for data sets that are so large or complex that traditional data processing applications are unable to handle them. Big data challenges include capturing, curating, managing, analyzing, and visualizing the vast amount of information.
The oil and gas sector can use big data to improve production and efficiency by monitoring wells, gathering real-time sensor readings from equipment on site, and analyzing petabytes of geological data. By improving decision making through better analysis of big data, the oil and gas sector can save money while reducing environmental impact.
Visualization Tools:
Visualization tools are used to gain insights from large volumes of data. They help in analyzing the information and displaying it in a graphical form so that it is easier to interpret and understand. The oil & gas industry deals with huge amounts of data every day, which can be effectively handled by visualization tools for enhanced decision making.
Seismic Software:
Seismic software is used to gather real-time data of the earth's surface and its movement. The gathered information is then used by geoscientists, petroleum engineers, and others for various applications such as monitoring wellbores or determining reservoir performance. This software also finds use in other industries such as aerospace & defense, mining & metals, etc., which makes it a key market segment.
Application Insights:
The oil industry is estimated to dominate the global market with a share of over 40% in terms of revenue in 2030. The growing importance of data management and analytics within the sector is expected to drive the segment growth. Moreover, increasing investments by major players such as BP, Statoil, and ConocoPhillips for discovering new reserves are expected to propel industry growth over the forecast period.
Natural gas application segment is also poised to witness significant growth during the study period owing to its usage as an alternative fuel source for automobiles and trucks that run on gasoline or diesel fuel. Increasing demand from China, India & Southeast Asia Pacific region due largely ¢â‚¬Å“favorable government policies regarding energy generation and adoption of electric vehicles across these regions ¢â€š will further boost market penetration during future years.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of oil and gas companies. The U.S., being an energy-rich nation, is home to several oil and gas companies that are among the top 500 globally. These companies store huge volumes of data generated from exploration, production, refining and transportation processes across various locations within their organizations as well as across external storage providers such as Amazon Web Services (AWS) cloud platform. This has led North America to dominate global Big Data in the oil and gas sector market over the forecast period.
However, Asia Pacific is expected to emerge as a prominent regional segment over the next eight years owing with increasing government initiatives for developing smart cities coupled with rising investments by industry players for deploying big data technologies within their organizations for enhancing operational efficiency are some factors contributing toward growth prospects in this region. Moreover, growing demand from end users such as consumers & citizens; governments; service providers; etc.
Growth Factors:
- Increased demand for oil and gas due to population growth and industrialization in developing countries
- Development of new technologies for extracting oil and gas from difficult-to-reach reserves
- Increased focus on environmental protection and reducing greenhouse gas emissions
- Rising prices of oil and gas resulting in increased investment in exploration and production
- Consolidation of the oilfield services sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Big Data in the Oil and Gas Sector, Market Research Report
By Type
Visualization Tools, Seismic Software, Other Digital Technologie
By Application
The Oil Industry, Natural Gas Industry
By Companies
Accenture, Cisco Systems, CSC, Dell, Deloitte, EMC, Hitachi, HP, IBM, Microsoft, NetApp, Oracle, PwC, SAP, SAS Institute, Splunk, Teradata
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Big Data in the Oil and Gas Sector, Market Report Segments:
The global Big Data in the Oil and Gas Sector, market is segmented on the basis of:
Types
Visualization Tools, Seismic Software, Other Digital Technologie
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
The Oil Industry, Natural Gas Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- Cisco Systems
- CSC
- Dell
- Deloitte
- EMC
- Hitachi
- HP
- IBM
- Microsoft
- NetApp
- Oracle
- PwC
- SAP
- SAS Institute
- Splunk
- Teradata
Highlights of The Big Data in the Oil and Gas Sector, Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Visualization Tools
- Seismic Software
- Other Digital Technologie
- By Application:
- The Oil Industry
- Natural Gas Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Big Data in the Oil and Gas Sector, Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Big data is a term used to describe the large amounts of data that are now being collected and processed. This data can be used for a variety of purposes, including oil and gas exploration and production.
Some of the major players in the big data in the oil and gas sector, market are Accenture, Cisco Systems, CSC, Dell, Deloitte, EMC, Hitachi, HP, IBM, Microsoft, NetApp, Oracle, PwC, SAP, SAS Institute, Splunk, Teradata.
The big data in the oil and gas sector, market is expected to grow at a compound annual growth rate of 18.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Big Data in the Oil and Gas Sector, Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Big Data in the Oil and Gas Sector, Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Big Data in the Oil and Gas Sector, Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Big Data in the Oil and Gas Sector, Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Big Data in the Oil and Gas Sector, Market Size & Forecast, 2018-2028 4.5.1 Big Data in the Oil and Gas Sector, Market Size and Y-o-Y Growth 4.5.2 Big Data in the Oil and Gas Sector, Market Absolute $ Opportunity
Chapter 5 Global Big Data in the Oil and Gas Sector, Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Big Data in the Oil and Gas Sector, Market Size Forecast by Type
5.2.1 Visualization Tools
5.2.2 Seismic Software
5.2.3 Other Digital Technologie
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Big Data in the Oil and Gas Sector, Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Big Data in the Oil and Gas Sector, Market Size Forecast by Applications
6.2.1 The Oil Industry
6.2.2 Natural Gas Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Big Data in the Oil and Gas Sector, Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Big Data in the Oil and Gas Sector, Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Big Data in the Oil and Gas Sector, Analysis and Forecast
9.1 Introduction
9.2 North America Big Data in the Oil and Gas Sector, Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Big Data in the Oil and Gas Sector, Market Size Forecast by Type
9.6.1 Visualization Tools
9.6.2 Seismic Software
9.6.3 Other Digital Technologie
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Big Data in the Oil and Gas Sector, Market Size Forecast by Applications
9.10.1 The Oil Industry
9.10.2 Natural Gas Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Big Data in the Oil and Gas Sector, Analysis and Forecast
10.1 Introduction
10.2 Europe Big Data in the Oil and Gas Sector, Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Big Data in the Oil and Gas Sector, Market Size Forecast by Type
10.6.1 Visualization Tools
10.6.2 Seismic Software
10.6.3 Other Digital Technologie
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Big Data in the Oil and Gas Sector, Market Size Forecast by Applications
10.10.1 The Oil Industry
10.10.2 Natural Gas Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Big Data in the Oil and Gas Sector, Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Big Data in the Oil and Gas Sector, Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Big Data in the Oil and Gas Sector, Market Size Forecast by Type
11.6.1 Visualization Tools
11.6.2 Seismic Software
11.6.3 Other Digital Technologie
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Big Data in the Oil and Gas Sector, Market Size Forecast by Applications
11.10.1 The Oil Industry
11.10.2 Natural Gas Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Big Data in the Oil and Gas Sector, Analysis and Forecast
12.1 Introduction
12.2 Latin America Big Data in the Oil and Gas Sector, Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Big Data in the Oil and Gas Sector, Market Size Forecast by Type
12.6.1 Visualization Tools
12.6.2 Seismic Software
12.6.3 Other Digital Technologie
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Big Data in the Oil and Gas Sector, Market Size Forecast by Applications
12.10.1 The Oil Industry
12.10.2 Natural Gas Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Big Data in the Oil and Gas Sector, Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Big Data in the Oil and Gas Sector, Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Big Data in the Oil and Gas Sector, Market Size Forecast by Type
13.6.1 Visualization Tools
13.6.2 Seismic Software
13.6.3 Other Digital Technologie
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Big Data in the Oil and Gas Sector, Market Size Forecast by Applications
13.10.1 The Oil Industry
13.10.2 Natural Gas Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Big Data in the Oil and Gas Sector, Market: Competitive Dashboard
14.2 Global Big Data in the Oil and Gas Sector, Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Cisco Systems
14.3.3 CSC
14.3.4 Dell
14.3.5 Deloitte
14.3.6 EMC
14.3.7 Hitachi
14.3.8 HP
14.3.9 IBM
14.3.10 Microsoft
14.3.11 NetApp
14.3.12 Oracle
14.3.13 PwC
14.3.14 SAP
14.3.15 SAS Institute
14.3.16 Splunk
14.3.17 Teradata