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Oil and Gas Data Management Market analysis (Report 2019-2027): Growing CAGR 15%

January 30, 2020 GMT

Sanjose, CA USA, January 30, 2020 (Wired Release) Credence Research The overall market for oil gas data management was projected to have a market value of US$ 6.56 billion in 2027 and is set to grow by 15.0 per cent with CAGR during the forecast period.

Data management enables oil gas companies to extract useful insights from raw data collected from refineries, production, sales and other departments in order to improve their performance and production efficiency. Advances in technology have led companies to adopt various technologies, such as IoT and AI, to improve data management software by providing useful insights. On the other hand, the increasing adoption of the cloud platform also enables companies to share their data in real-time, resulting in an improvement in the efficiency of the overall process.

Based on the component, the market for oil gas data management as solutions, software and services has been segmented. The solution the segment was further segmented as an enterprise data management system, a project data management system, and a national data repository. Similarly, the services segment was segmented as consulting planning, integration implementation, and operation maintenance. The solution segment held the largest market share in the component segment in 2018 with a share of more than 40% and is expected to dominate over the forecast period as these solutions are used by companies to improve their productivity and efficiency by providing important data in real-time.

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The North American region has the largest share of the global market for oil and gas data management. It is expected that this growth will be followed by the Asia Pacific. Due to the large oil and gas reserves in the Middle East region, demand for oil and gas data management is expected to grow rapidly in the Middle East and Africa. The emergence of many new companies is also contributing to the growth of this region. Europe and Latin America have also made a significant contribution to the global market for oil and gas data management.

Browse Full Report Originally Published by Credence Research at: https://www.credenceresearch.com/report/oil-and-gas-data-management-market

Geographic Coverage

North America Oil and Gas Data Management Market Revenue and Forecast

Europe Oil and Gas Data Management Market Revenue and Forecast

Asia Pacific Oil and Gas Data Management Market Revenue and Forecast

Latin America Oil and Gas Data Management Market Revenue and Forecast

Middle East and Africa Oil and Gas Data Management Market Revenue and Forecast

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List of Companies Covered:

Cisco Systems, Inc.

Newgen Software, Inc.

SAP SE

EMC Corporation

Capgemini S.A.

IBM Corporation

Oracle Corporation

Hitachi, Ltd.

Tata Consultancy Services Ltd.

Halliburton

Informatica Corporation

SAS Institute

Hewlett-Packard

Schlumberger Limited

Key questions answered in this report

What was the market size of oil gas data management in 2018 and forecast up to 2027?

Which is the largest regional market data organization in its type segment?

What are the major trends followed in the oil gas data management market across different regions?

Who is the key oil gas data management companies leading the market?

What are the key strategies adopted by the leading oil gas data management companies in the market?

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Research methodology devised for this study:

Our methodology comprises a blend of primary and secondary research for engineering the market size, shares and estimations for global Oil and Gas Data Management market specific to key segments, and regional segmentation.

A. Secondary Research

Some of the basic, but most important sources referred during the study included company annual reports, press releases, and relevant documents throwing light upon the recent developments in the global Oil and Gas Data Management market. Reliable sources such as scientific journals, university research papers and government websites were equally referred for recognizing business opportunities in various geographical markets and market penetration of various products/services. In addition, paid databases were referred to collect information useful for the extensive commercial study of the key players operating in Oil and Gas Data Management market. In case where no data was available on the public domain, we used modeling and estimates to arrive at comprehensive data sets. Secondary research helped to prepare a base for Oil and Gas Data Management market study.

B. Primary Research

The extensive secondary research carried out was complemented by extensive primary research to validate data and analysis. Primary research involved telephonic interviews, e-mail interactions as well as face-to-face interviews with the leading industry experts.

The participants tracked for primary interviews include:

Vice President/ CEOs

Marketing/product managers

Market intelligence managers

National sales managers

Purchasing managers

Distributors

Other stakeholders

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About Credence Research:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, weve manufactured a firm extraordinarily prepared to this task.

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