The global IT spending in the oil and gas market is expected to grow at a CAGR of 4.2% from 2021 to 2030. The software segment is expected to be the fastest growing segment with a CAGR of 5.8%. The software types have the largest market share segment at 40% and are the fastest growing segment. Upstream is the area with most applications and fastest growth, followed by downstream, midstream, and upstream respectively. North America has the highest IT spending in oil and gas market with a share of 34%, followed by Europe (27%), Asia Pacific (24%), Latin America (14%) Middle East & Africa (6%).
Some Of The Growth Factors Of This Market:
- The oil and gas industry is one of the largest industries in the world, with a global market size of $2 trillion.
- Oil and gas companies are increasingly investing in digital technologies such as cloud computing, big data analytics, IoT (Internet of Things), mobile applications etc, which will also lead to an increase in IT spending by the industry.
- The increasing demand for energy from emerging economies such as China and India will also lead to an increase in IT spending by the oil and gas industry.
- Increasing investments by governments around the world into renewable energy sources such as solar power will also lead to an increase in IT spending by the oil and gas industry.
Industry Growth Insights published a new data on “IT Spending in Oil and Gas Market”. The research report is titled “IT Spending in Oil and Gas Market research by Types (Hardware, Software, Services, Software types have the largest market share segment at 40% and are the fastest growing segment, IT Spending in Oil and Ga), By Applications (Upstream, Midstream, Downstream, Upstream is the area with the most applications and the fastest growth), By Players/Companies 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, IT Spending in Oil and Ga”.
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Spending in Oil and Gas Market Research Report
By Type
Hardware, Software, Services, Software types have the largest market share segment at 40% and are the fastest growing segment, IT Spending in Oil and Ga
By Application
Upstream, Midstream, Downstream, Upstream is the area with the most applications and the fastest growth
By Companies
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, IT Spending in Oil and Ga
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global IT Spending in Oil and Gas Market Report Segments:
The global IT Spending in Oil and Gas market is segmented on the basis of:
Types
Hardware, Software, Services, Software types have the largest market share segment at 40% and are the fastest growing segment, IT Spending in Oil and Ga
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
Upstream, Midstream, Downstream, Upstream is the area with the most applications and the fastest growth
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:
- 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
- IT Spending in Oil and Ga
Highlights of The IT Spending in Oil and Gas 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:
- Hardware
- Software
- Services
- Software types have the largest market share segment at 40% and are the fastest growing segment
- IT Spending in Oil and Ga
- By Application:
- Upstream
- Midstream
- Downstream
- Upstream is the area with the most applications and the fastest growth
- 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 IT Spending in Oil and Gas 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?
IT spending in oil and gas includes everything from software to hardware to personnel. In 2017, IT spending in the oil and gas industry was estimated at $128 billion. This is up from $118 billion in 2016, but it's still a small fraction of overall IT spending.
Some of the key players operating in the it spending in oil and gas market are GE Oil and Gas, SAP, IBM, Microsoft, Oracle, Dell, ABB, Hitachi, Huawei Technologies, Indra Sistemas, Siemens, TCS, Capgemini, Tech Mahindra, Wipro, HCL Technologies, Infosys, DXC Technology, CGI Group, Cisco Systems, Alcatel-Lucent, IT Spending in Oil and Ga.
The it spending in oil and gas market is expected to grow at a compound annual growth rate of 4.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IT Spending in Oil and Gas Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IT Spending in Oil and Gas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IT Spending in Oil and Gas Market - Supply Chain
4.5. Global IT Spending in Oil and Gas Market Forecast
4.5.1. IT Spending in Oil and Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IT Spending in Oil and Gas Market Size (000 Units) and Y-o-Y Growth
4.5.3. IT Spending in Oil and Gas Market Absolute $ Opportunity
5. Global IT Spending in Oil and Gas Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. IT Spending in Oil and Gas Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.3.3. Services
5.3.4. Software types have the largest market share segment at 40% and are the fastest growing segment
5.3.5. IT Spending in Oil and Ga
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IT Spending in Oil and Gas Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. IT Spending in Oil and Gas Market Size and Volume Forecast by Application
6.3.1. Upstream
6.3.2. Midstream
6.3.3. Downstream
6.3.4. Upstream is the area with the most applications and the fastest growth
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IT Spending in Oil and Gas Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. IT Spending in Oil and Gas Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global IT Spending in Oil and Gas Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. IT Spending in Oil and Gas Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global IT Spending in Oil and Gas Demand Share Forecast, 2019-2026
9. North America IT Spending in Oil and Gas Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America IT Spending in Oil and Gas Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America IT Spending in Oil and Gas Market Size and Volume Forecast by Application
9.4.1. Upstream
9.4.2. Midstream
9.4.3. Downstream
9.4.4. Upstream is the area with the most applications and the fastest growth
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America IT Spending in Oil and Gas Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.7.3. Services
9.7.4. Software types have the largest market share segment at 40% and are the fastest growing segment
9.7.5. IT Spending in Oil and Ga
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America IT Spending in Oil and Gas Demand Share Forecast, 2019-2026
10. Latin America IT Spending in Oil and Gas Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America IT Spending in Oil and Gas Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America IT Spending in Oil and Gas Market Size and Volume Forecast by Application
10.4.1. Upstream
10.4.2. Midstream
10.4.3. Downstream
10.4.4. Upstream is the area with the most applications and the fastest growth
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America IT Spending in Oil and Gas Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.7.3. Services
10.7.4. Software types have the largest market share segment at 40% and are the fastest growing segment
10.7.5. IT Spending in Oil and Ga
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America IT Spending in Oil and Gas Demand Share Forecast, 2019-2026
11. Europe IT Spending in Oil and Gas Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe IT Spending in Oil and Gas Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe IT Spending in Oil and Gas Market Size and Volume Forecast by Application
11.4.1. Upstream
11.4.2. Midstream
11.4.3. Downstream
11.4.4. Upstream is the area with the most applications and the fastest growth
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IT Spending in Oil and Gas Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.7.3. Services
11.7.4. Software types have the largest market share segment at 40% and are the fastest growing segment
11.7.5. IT Spending in Oil and Ga
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IT Spending in Oil and Gas Demand Share, 2019-2026
12. Asia Pacific IT Spending in Oil and Gas Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific IT Spending in Oil and Gas Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific IT Spending in Oil and Gas Market Size and Volume Forecast by Application
12.4.1. Upstream
12.4.2. Midstream
12.4.3. Downstream
12.4.4. Upstream is the area with the most applications and the fastest growth
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific IT Spending in Oil and Gas Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.7.3. Services
12.7.4. Software types have the largest market share segment at 40% and are the fastest growing segment
12.7.5. IT Spending in Oil and Ga
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific IT Spending in Oil and Gas Demand Share, 2019-2026
13. Middle East & Africa IT Spending in Oil and Gas Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa IT Spending in Oil and Gas Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa IT Spending in Oil and Gas Market Size and Volume Forecast by Application
13.4.1. Upstream
13.4.2. Midstream
13.4.3. Downstream
13.4.4. Upstream is the area with the most applications and the fastest growth
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa IT Spending in Oil and Gas Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.7.3. Services
13.7.4. Software types have the largest market share segment at 40% and are the fastest growing segment
13.7.5. IT Spending in Oil and Ga
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa IT Spending in Oil and Gas Demand Share, 2019-2026
14. Competition Landscape
14.1. Global IT Spending in Oil and Gas Market: Market Share Analysis
14.2. IT Spending in Oil and Gas Distributors and Customers
14.3. IT Spending in Oil and Gas Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Oil and Gas
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SAP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IBM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Microsoft
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oracle
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ABB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Huawei Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Indra Sistemas
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siemens
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TCS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Capgemini
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tech Mahindra
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wipro
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. HCL Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Infosys
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. DXC Technology
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CGI Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
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