Data Business in Oil and Gas Market - Snapshot

Data generated in the oil and gas industry is increasing in volume, variety, and velocity. Oil and gas industry needs new technologies to integrate and interpret such large amounts of structured and unstructured data generated daily from different data sources such as seismic data, geological data, well logging data, etc. Information technology providers are continuously looking for solutions that could provide new opportunities to capture the big data and are researching tools for data managementin the oil and gas industry. Potential for deriving new insights from data generated in the oil and gas industryis the key factor driving the data business in oil and gas market. Companies in the oil and gas industry are improving operational performance by adopting data management and big data solutions to classify and streamline the data and to monitor daily workflows, thus fuelling the data business market growth. However, declined oil prices and the falling CAPEX, especially in resource development, supply chain, and IT spending in the oil and gas industry hindered the growth of the data business in oil and gasmarket for the short term. Increasing foreign investments in refineries and petrochemicals across developing countries and large proven oil reserves in Venezuela, the U.S., China, Ecuador, and Brazil brings an opportunity to drive growth of the data business in oil and gas market.

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The data business in oil and gasmarket is segmented based on component, oil companies, application, and region. By component, the market is segmented as big data, data management, and direct data monetization. Big data component is further segmented into software and services. Big data software includes data analytics, data collection, data discovery and visualization, and data management software. Big data services in the oil and gas market are classified into consulting, system integration, and operation and maintenance. Data management component is also segmented into software and services. Data management software includes Corporate Data Management (CDM)/ Enterprise Data Management (EDM), Project Data Management (PDM) and National Data Repository (NDR). Data management services include consulting & planning, integration & implementation, and operation & maintenance. Data business market is also segmented based on oil companiesinto National Oil Companies (NOCs), Independent Oil Companies (IOCs), and National Data Repository (NDR).National Oil Companies (NOCs) segment is anticipated to dominate the global data business in oil and gas market. NOCs are increasingly spending on big data and data management software and services, thus accounting for the maximum share in the data business market. Further, by application, the market is segmented into upstream (conventional, unconventional), midstream, and downstream. It is anticipated that the upstream application segment will continue to dominate the market over the forecast period. Upstream application segment is also classified by E&P lifecycle into exploration, development, and production segments.Exploration is the key segment in the E&P lifecycle of the oil and gas industry driven mainly by deep-water exploration activities, shale gas exploration activities, declined exploration costs and rising focus on near field explorations.

Regional segmentation ofthe data business in oil and gasmarket includes North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA). North America is projected to dominate the data business in oil and gasmarket due to presence of key industry players, increasing oil production, shale oil reserves, and necessary infrastructure. Asia Pacificis likely to observe strong growth opportunities during the forecast period dueto rising investments in the E&P sector.

Key players inthe data business in oil and gas market are Accenture, Datawatch, Drillinginfo, Hitachi Vantara Corporation, Hortonworks, Inc., IBM Corporation, EMC Corporation, Newgen Software, Inc., Cisco Software, Inc., Tata Consultancy Services Ltd., Halliburton, Informatica Corporation, Schlumberger Limited, MapR Technologies, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., Cloudera, Inc., Palantir Solutions, Capgemini SE, and OSIsoft LLC among others.

Data Business in Oil and Gas Market: Overview

The data business in oil and gas market report provides analysis of the market for the period 2016 –2026, wherein the years from 2018 to 2026 is the forecast period and 2017 is considered as the base year. The report covers all the major trends and technologies playing a major role in the growth of the data business in oil and gas market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The market overview section of the report demonstrates market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, key trends, regulations and policies, IT spending analysis, ecosystem analysis, Porter’s Five Force Analysis, and PESTEL analysis. A market attractiveness analysis has been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the data business in oil and gas market. The report also provides an overview of various strategies adopted by key players in the market.

Global Data Business in Oil and Gas Market: Scope of the Report

The report segments the market on the basis of component which are big data, data management, and direct data monetization. Big data component is further segmented into software and services. Big data software includes data analytics, data collection, data discovery and visualization, and data management software. Big data services in the oil and gas market are classified into consulting, system integration, and operation and maintenance. Data management is also segmented into software and services. Data management software includes Corporate Data Management (CDM)/ Enterprise Data Management (EDM), Project Data Management (PDM), and National Data Repository (NDR). Data management services include consulting & planning, integration & implementation, and operation & maintenance. Data business market is also segmented based on oil companies into National Oil Companies (NOCs), Independent Oil Companies (IOCs), and National Data Repository (NDR). Further, by application, the market is segmented into upstream (conventional, unconventional), midstream, and downstream. It is anticipated that upstream application segment will continue to dominate the market over the forecast period. Upstream application segment is also classified by E&P lifecycle into exploration, development, and production segments. The report provides in-depth segment analysis of the global data business in oil and gas market, thereby providing valuable insights at the macro as well as micro levels.

The report also provides the competitive landscape for the data business in oil and gas market, thereby listing out all the major players according to their geographic presence, market attractiveness, and recent key developments. The competitive landscape section of the report gives an overview about the market share of several key players for the year 2017. Data business in oil and gas market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, economic, social, technological, environmental, and legal factors along with the current market dynamics affecting the market growth. Moreover, the key takeaways section provided at the end of the competitive landscape section would help the operating companies to make the best moves in this market.  

This report provides all the essential information required to understand the key developments in the data business oil and gas market, and growth trends of each segment and region. It also includes basic overview, sales area/geographical presence, revenue, strategy and developments under the company profile section. Also, the report provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces, namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the market. The report also provides a comprehensive ecosystem analysis of the data business in oil and gas market.

Global Data Business in Oil and Gas Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the data business in oil and gas market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer first-hand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Data Business in Oil and Gas Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global data business in oil and gas market. Big data software and solution providers such as Accenture, Drillinginfo, Inc., Hitachi Vantara Corporation, HortonWorks, Inc., IBM Corporation, MapR Technologies, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., Cloudera, Inc., Palantir Solutions, Capgemini S.A., and OSIsoft LLC; corporate/enterprise data management solution providers such as EMC Corporation, Newgen Software, Inc., Cisco Software, Inc., and Tata Consultancy Services Ltd.; project data management solution providers such as Halliburton, Informatica Corporation, and Schlumberger Limited; and direct data monetization vendors such as National Data Repository, India and ION Geophysical Corporation are some of the key players that have been profiled in this study. Details such as financials, business strategies, key competitors, recent developments, SWOT analysis, and other such strategic information pertaining to these players have been provided as part of company profiling.

The global data business in oil and gas market is segmented as below:

Global Data Business in Oil and Gas Market, by Component

  • Big Data
    • Software
      • Data Analytics
      • Data Collection
      • Data Visualization and Discovery
      • Data Management
    • Services
      • Consulting
      • System Integration
      • Operation and Maintenance
  • Data Management
    • Software
      • Corporate Data Management (CDM)/Enterprise Data Management (EDM)
      • Project Data Management (PDM)
      • National Data Repository (NDR)
    • Services
      • Consulting & Planning
      • Integration & Implementation
      • Operation & Maintenance
  • Direct Data Monetization

Global Data Business in Oil and Gas Market, by Oil Companies

  • National Oil Companies (NOCs)
  • Independent Oil Companies (IOCs)
  • National Data Repository (NDR)

Global Data Business in Oil and Gas Market, by Application

  • Upstream
    • Conventional
    • Unconventional
  • Midstream
  • Downstream

Global Upstream Data Business in Oil and Gas Market, by E&P Lifecycle

  • Exploration
  • Development
  • Production

Global Data Business in Oil and Gas Market, by Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America
.