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Oil & Gas Data Management Market - Snapshot

Digital data is growing exponentially in the current market. IoT proliferation is generating volumes of digital information at an exponential rate. The data universe has seen this tremendous growth in the last few years. In fact, over 80% to 90% of digital data present in the current market was created in the last two years. With data rise, the number of data breaches has gone up. Oil & gas data management software are a category of advanced software utilized by oil & gas companies to manage and protect their data. The projects undertaken by such companies have high level of complexity in operations, resource management, capital management, inventory management etc. Data management software helps companies optimize resources, track progress of the projects, and increase their efficiency.

Data management software allows businesses to manage and access their data effectively on a real time basis. Numerous software development providers and vendors are laying emphasis on enrichment of data management software by integrating value added processing such as regulatory compliance management tools, data analytics, data warehousing, and other features, for instance process design control. Moreover, increasing adoption of IoT and AI is projected to enhance large scale implementation of data management software by small and large enterprises in the oil & gas industry. Cloud platform adoption, next generation data center evolution, and cost effective and flexible data management solutions are creating demand traction for data management as a service in the oil & gas industry. It is anticipated that rising trend of cloud adoption would drive the data management market over the years. Rising data breaches across the globe is necessitating the modernization of existing enterprise infrastructure. Thus, enterprise data management infrastructure modernization across the world is set to boost the global oil & gas data management market in the near future. However, lack of complete data security assurance and misuse of collected data are factors obstructing the growth of the oil & gas data management market in international and domestic markets.

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The oil & gas data management market has been segmented in terms of component, and region. In terms of component, the market has been segmented into solution and services. The solution segment has further been classified into corporate/enterprise data management system, project data management system, and national data repository. The national data repository sub segment consists of seismic data management system, well data management system, project data management system, and borehole data management system. The services segment has been bifurcated into consulting & planning, integration & implementation, and operation & maintenance. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America remained the dominant region in the oil & gas data management market in 2017.The region accounted for almost one-third of the global market revenue share and is expected to continue its leading position throughout the forecast period. This is due to the fact that a large number of mid-sized and small enterprises are leaning toward data management software. Middle East & Africa captured the second largest market share in 2017. Asia Pacific witnessed significant growth in 2017, buoyed by rising adoption rate of digitalization in data management over the years. It is however seeing hurdles in the growth of the oil & gas data management market. Factors such as different regulatory compliances and limited availability of efficient infrastructure are seen as key reasons for the potential growth slag.

This report on the global oil & gas data management market provides market revenue share analysis of the various key participants. Some of the key players profiled in the oil & gas data management market report include Capgemini S.A., EMC Corporation, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, Tata Consultancy Services Ltd., Oracle Corporation, Halliburton, Informatica Corporation, and Schlumberger Limited.

Escalating Influence of Automation across the Oil and Gas Industry to Boost the Growth Opportunities across the Oil & Gas Data Management Market

The oil & gas data management market is anticipated to observe a stable growth period during the assessment period of 2018-2026. The growing penetration of digitalization across a large number of industries and sectors is expected to serve as a vital growth factor for the oil & gas data management market.

  • The era of digitalization has helped in initiating a large number of advancements in various sectors. The oil & gas sector is no stranger to these advancements. Earlier, the data management process was fully manual and tedious. As digitalization penetrated across the oil and gas sector, the prevalence of automatic data management software increased extensively, thus adding extra starts of growth to the oil & gas data management market.
  • The oil and gas industry is involved in a large number of processes. From production to exploration to retail, the entire process leads to the production of large numbers of data. This data needs to streamlined and classified for improvements in the performance levels. Thus, for these purposes, oil & gas data management systems are used on a massive scale across various oil and gas companies. These aspects bode well for the growth of the oil & gas data management market.
  • The players in the oil & gas data management market are focusing on offering customized solutions that are in tandem with the processes of various companies related to oil and gas. These solutions help in increasing the growth rate of the oil & gas data management market.
  • The COVID-19 pandemic has damaged the growth prospects of many industries and sectors around the world. The oil and gas sector has also observed extensive losses. The restrictions imposed by various countries on the back of the lockdown impositions had a grave impact on the exploration and production of oil and gas. These factors had a negative impact on the growth of the oil & gas data management market as the demand decreased.
  • However, the easing of restrictions will serve as a good growth opportunity for the players in the oil & gas data management market to increase their revenues.

Oil & Gas Data Management Market: Overview

The oil & gas data management market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the evolution of the global oil & gas data management market throughout the above mentioned forecast period in terms of revenue (US$ Mn).

The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, key market indicators, integration challenges, end-user adoption analysis, and key trends of the market. Further, key market indicators included in the report provide the significant factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about the global oil & gas data management market. A market attractiveness analysis has also been provided for every segment in the report, in order to present a thorough understanding of the overall scenario in the oil & gas data management market. The report also offers an overview of various strategies adopted by key players in the market.

Global Oil & Gas Data Management Market: Scope of the Report

The oil & gas data management market has been segmented in terms of component, and region. In terms of component, the market has been segmented into solution and services. The solution segment is further classified into corporate/enterprise data management system, project data management system, and national data repository. The national data repository sub segment consists of seismic data management system, well data management system, project data management system, and borehole data management system. The services segment has been bifurcated into consulting & planning, integration & implementation, and operation & maintenance. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The report also highlights the competitive landscape of the global oil & gas data management market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the industry. The comprehensive oil & gas data management 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, social, economic, and technological factors along with the current market dynamics affecting the oil & gas data management market growth.

This report provides all the essential information required to understand the key developments in the oil & gas data management market, and growth trends of each segment and region. It also includes strategies of companies, financial information, SWOT analysis, 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 oil & gas data management market. This report also provides a comprehensive ecosystem analysis for the oil & gas data management market. It explains the various participants including software & third-party vendors, system integrators, and distribution channels within the value chain operating in the market.

Global Oil & Gas Data Management 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, 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 oil & gas data management market across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer firsthand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. 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 Oil & Gas Data Management Market: Competitive Dynamics

The global oil & gas data management market report provides company market share analysis of the various key participants. Some of the key players profiled in the report include Capgemini S.A., EMC Corporation, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, Tata Consultancy Services Ltd., Oracle Corporation, Halliburton, Informatica Corporation, and Schlumberger Limited.

The global oil & gas data management market is segmented as below:

Deployment

  • By Solution
    • Corporate/Enterprise Data Management System
    • Project Data Management System
    • National Data Repository
      • Standalone
        • Seismic Data Management system
        • Well Data Management System
        • Project Data Management System
        • Borehole Data Management System
      • Integrated Solution
  • By Services
    • Consulting & Planning
    • Integration & Implementation
    • Operation & Maintenance

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
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

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