Market Overview:
The global oil and gas data monetization market is expected to grow from USD 1.02 billion in 2018 to USD 2.48 billion by 2030, at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas data, rising need for operational efficiency in the oil and gas industry, and growing focus on Big Data analytics across industries. However, high implementation costs may restrain the growth of this market during the forecast period. Based on type, the global oil and gas data monetization market is segmented into data-as-a-service (DaaS), professional services, software/platforms). The DaaS segment is expected to hold a larger share of the global oil and gas data monetization market during the forecast period owing to its low cost as compared with other types segments Professional services are further subsegmented into managed services & consulting services while software/platforms are subsegmented into enterprise resource planning (ERP), geographic information system (GIS), asset management system (AMS) among others .
Product Definition:
Oil and gas data monetization is the process of turning oil and gas data into a revenue-generating asset. This can be done by selling the data to companies that need it for research and development, or by using it to create new products or services. The importance of oil and gas data monetization lies in its ability to generate revenue from an otherwise unused asset.
Data-as-a-service:
Data-as-a-Service (DaaS) is a cloud computing model in which the software is provided to the customer on a subscription basis. The data stored by service providers can be used, analyzed and rented by other companies as per their needs. In this DaaS model, the provider stores data for its clients and provides access to that information through API (Application Programming Interface).
Professional Services:
Professional Services include services such as drilling, reservoir characterization, well construction and evaluation, production analysis and optimization. These services are used in Oil & Gas Data Monetization (OGDM) market to generate data for the exploration of oil or gas field.
Professional Services are also used in other industries such as Geosystems Engineering & Mapping Service (GEMS), Environmental Studies/Energy Resources Service (ESRS), engineering geology service etc., which will be covered later on this article.
Application Insights:
The global market is segmented by application into national oil companies, independent oil companies, national data repositories and oil and gas service companies. The national data repositories segment held the largest share in 2017 as most of the regional governments have mandated public access to well-related information through online portals. For instance, in July 2016, Saudi Arabia launched a website for its petroleum resources where all the details about each field can be found under one roof. Such initiatives are expected to drive revenue generation from 2018 to 2030.
The National Oil Companies (NOC) application segment is anticipated to witness significant growth over the forecast period owing to increasing demand for enhanced operational efficiency and cost reduction strategies adopted by these organizations across various regions including Middle East countries such as Iran.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a major oil and gas producer, is expected to be a key revenue contributor to the regional market over the forecast period. However, Asia Pacific is anticipated to emerge as the fastest-growing region during the same period owing to increasing government investments in infrastructure development projects and rising demand for energy across emerging economies such as India and China. Furthermore, growing production activities offshore China are expected to drive regional growth over the next eight years.
The Middle East & Africa (MEA) region accounted for approximately 10% of total revenue share in 2017 on account of high oil & gas production across countries such as Saudi Arabia, UAE.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rapid industrialization in developing countries
- Rising need for energy security globally
- Proliferation of digital technologies and big data analytics
- Growing inclination of oil and gas companies towards data monetization
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Data Monetization Market Research Report
By Type
Data-as-a-service, Professional Services, Software/Platform
By Application
National Oil Companies (NOCs), Independent Oil Companies (IOCs), National Data Repositories (NDRs), Oil and Gas Service Companies
By Companies
Halliburton, Schlumberger, Informatica, SAP SE, Oracle, Accentureplc, IBM, EMC, Microsoft, Tata Consultancy Services, Datawatch, Drillinginfo, Hitachi Vantara, Hortonworks, Capgemini, Newgen Software, Cloudera, Cisco Software, MapR Technologies, Palantir Solutions, OSIsoft
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Data Monetization Market Report Segments:
The global Oil and Gas Data Monetization market is segmented on the basis of:
Types
Data-as-a-service, Professional Services, Software/Platform
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
National Oil Companies (NOCs), Independent Oil Companies (IOCs), National Data Repositories (NDRs), Oil and Gas Service Companies
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:
- Halliburton
- Schlumberger
- Informatica
- SAP SE
- Oracle
- Accentureplc
- IBM
- EMC
- Microsoft
- Tata Consultancy Services
- Datawatch
- Drillinginfo
- Hitachi Vantara
- Hortonworks
- Capgemini
- Newgen Software
- Cloudera
- Cisco Software
- MapR Technologies
- Palantir Solutions
- OSIsoft
Highlights of The Oil and Gas Data Monetization 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:
- Data-as-a-service
- Professional Services
- Software/Platform
- By Application:
- National Oil Companies (NOCs)
- Independent Oil Companies (IOCs)
- National Data Repositories (NDRs)
- Oil and Gas Service Companies
- 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 Oil and Gas Data Monetization 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.
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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?
Oil and gas data monetization is the process of turning raw oil and gas data into a form that can be used to generate revenue. This can include things like creating models to forecast future production, pricing oil and gas reserves, or developing new extraction methods.
Some of the major players in the oil and gas data monetization market are Halliburton, Schlumberger, Informatica, SAP SE, Oracle, Accentureplc, IBM, EMC, Microsoft, Tata Consultancy Services, Datawatch, Drillinginfo, Hitachi Vantara, Hortonworks, Capgemini, Newgen Software, Cloudera, Cisco Software, MapR Technologies, Palantir Solutions, OSIsoft.
The oil and gas data monetization market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Data Monetization 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 Oil and Gas Data Monetization Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil and Gas Data Monetization 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 Oil and Gas Data Monetization 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 Oil and Gas Data Monetization Market Size & Forecast, 2020-2028
4.5.1 Oil and Gas Data Monetization Market Size and Y-o-Y Growth
4.5.2 Oil and Gas Data Monetization Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Data-as-a-service
5.2.2 Professional Services
5.2.3 Software/Platform
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 National Oil Companies (NOCs)
6.2.2 Independent Oil Companies (IOCs)
6.2.3 National Data Repositories (NDRs)
6.2.4 Oil and Gas Service Companies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Data Monetization 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 Oil and Gas Data Monetization 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Data-as-a-service
9.6.2 Professional Services
9.6.3 Software/Platform
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 Market Size Forecast by Applications
9.10.1 National Oil Companies (NOCs)
9.10.2 Independent Oil Companies (IOCs)
9.10.3 National Data Repositories (NDRs)
9.10.4 Oil and Gas Service Companies
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Data-as-a-service
10.6.2 Professional Services
10.6.3 Software/Platform
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 Market Size Forecast by Applications
10.10.1 National Oil Companies (NOCs)
10.10.2 Independent Oil Companies (IOCs)
10.10.3 National Data Repositories (NDRs)
10.10.4 Oil and Gas Service Companies
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Data-as-a-service
11.6.2 Professional Services
11.6.3 Software/Platform
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 Market Size Forecast by Applications
11.10.1 National Oil Companies (NOCs)
11.10.2 Independent Oil Companies (IOCs)
11.10.3 National Data Repositories (NDRs)
11.10.4 Oil and Gas Service Companies
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Data-as-a-service
12.6.2 Professional Services
12.6.3 Software/Platform
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 Market Size Forecast by Applications
12.10.1 National Oil Companies (NOCs)
12.10.2 Independent Oil Companies (IOCs)
12.10.3 National Data Repositories (NDRs)
12.10.4 Oil and Gas Service Companies
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Data-as-a-service
13.6.2 Professional Services
13.6.3 Software/Platform
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) Market Size Forecast by Applications
13.10.1 National Oil Companies (NOCs)
13.10.2 Independent Oil Companies (IOCs)
13.10.3 National Data Repositories (NDRs)
13.10.4 Oil and Gas Service Companies
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 Oil and Gas Data Monetization Market: Competitive Dashboard
14.2 Global Oil and Gas Data Monetization Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Halliburton
14.3.2 Schlumberger
14.3.3 Informatica
14.3.4 SAP SE
14.3.5 Oracle
14.3.6 Accentureplc
14.3.7 IBM
14.3.8 EMC
14.3.9 Microsoft
14.3.10 Tata Consultancy Services
14.3.11 Datawatch
14.3.12 Drillinginfo
14.3.13 Hitachi Vantara
14.3.14 Hortonworks
14.3.15 Capgemini
14.3.16 Newgen Software
14.3.17 Cloudera
14.3.18 Cisco Software
14.3.19 MapR Technologies
14.3.20 Palantir Solutions
14.3.21 OSIsoft
