Oil and GasData Monetization Market -  Snapshot

Oil and gas companies are turning the large volume and variety of data into intelligence for improved asset productivity. Real-time data analysis is essential for deriving value out of unstructured data generated from sensors present in the oil field. Predictive and prescriptive analytics are the approaches that help oil and gas companies to minimize expenses and earn money by turning this data into valuable assets.The creation and consumption of data continues to grow in the oil and gas industry and with it, the investment in data analytics and data management software and services. Data monetization can be used to leverage insights to identify new revenue opportunities, trigger product, process & service innovation and optimization, improve production, and enhance service quality in the oil and gas industry. Large proven oil reserves in Venezuela, Saudi Arabia, Canada, Iran, Iraq, Kuwait, UAE, Russia, the U.S. and China brings an opportunity to drive growth of the oil and gas data monetization market as there is significant growth opportunity for adoption of indirect data monetization i.e. the software and services for driving insights for development of these fields and direct data monetization i.e. mainly the exploration data products. Seismic surveys and geophysical surveys conducted in these regions to find new exploration sites and their potential, and the anticipated use of software solutions will continue to drive the market over the forecast period.

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The data monetization in oil and gas market is segmented based on method, component, oil companies, application, E&P lifecycle, and region. The oil and gas data monetization market has two methods of monetization viz., direct and indirect. By component, the market is segmented as data-as-a-service, professional services, and platform/software. Data-as-a-service segment covers data exchange/transaction for direct monetary benefits. Platform/software and professional services represent indirect data monetization. The oil and gas data monetization market is also segmented based on upstream oil companies into National Oil Companies (NOCs), Independent Oil Companies (IOCs), National Data Repository (NDR), and oil and gas service companies. National Oil Companies (NOCs) segment is majorly driven by indirect data monetization and is anticipated to dominate the global oil and gas data monetization market over the forecast period. NOCs are increasingly spending on software/platforms and services, thus accounting for the maximum share in the data monetization 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 segment is expected to expand over the forecast period driven mainly by increasing adoption of software and solutions in deep-water exploration and shale gas exploration activities.The increasing demand for data products such as seismic survey data, geophysical data, and magnetic survey data is also driving the exploration segment in the data monetization market.

Regional segmentation of the oil and gas data monetization market includes North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA). North America is projected to dominate the oil and gas data monetization market throughout the forecast period due to availability of necessary infrastructure, increasing oil production, and use of indirect data monetization solutions for shale oil reserves exploration, development & production,and presence of oil and gas service companies involved in direct data monetization. Asia Pacific is expected tobe the fastest growing region during the forecast period due to rising investments in the E&P sector.

Key players in the oil and gas data monetization market are Halliburton, Schlumberger Limited,Informatica Corporation, SAP SE, Oracle Corporation, Accentureplc, IBM Corporation, EMC Corporation, Microsoft Corporation, Tata Consultancy Services Ltd., Datawatch, Drillinginfo, Hitachi VantaraCorporation, Hortonworks, Inc.,Capgemini SE, Newgen Software, Inc., Cloudera, Inc., Cisco Software, Inc.,SAS Institute, Inc.,MapR Technologies, Inc., Palantir Solutions, OSIsoft LLC, Infosys Limited, and NETSCOUT among others. Along with the players mentioned above, the market share analysis of direct data monetization players such as TGS, CGG, PGS, Ion Geophysical Corporation, and Western Geo is also provided separately in the report.

Oil and GasData Monetization Market: Overview

The oil and gas data monetization market report provides analysis of the oil and gas data monetization 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 oil and gas data monetization 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 and countries namely the U.S., Canada, U.K., Germany, France, China, Japan, India, Australia, GCC, South Africa, and Brazil.

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, oil and gas CAPEX analysis, oil and gas IT spending analysis, ecosystem analysis, Porter’s Five Force analysis, and PESTEL analysis of the market. 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 oil and gas data monetization market. The report also provides an overview of various strategies adopted by key players in the market.

Global Oil and Gas Data Monetization Market: Scope of the Report

The data monetization in oil and gas market is segmented based on method, component, oil companies, application, E&P lifecycle, and region. The market has two methods of monetization viz., direct and indirect. By component, the market is segmented as data-as-a-service, professional services, and platform/software.The oil and gas data monetization market is also segmented based on upstream oil companies into National Oil Companies (NOCs), Independent Oil Companies (IOCs), National Data Repository (NDR), and oil and gas service companies. Further, by application, the market is segmented into upstream (conventional, unconventional), midstream, and downstream. 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 and country level oil and gas data monetization market, thereby providing valuable insights at the macro as well as micro levels.

The report also provides the competitive landscape for the oil and gas data monetization 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. Oil and gas data monetization market data 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, technological, 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 oil and gas data monetization market, and growth trends of each segment and region. It also includes basic overview, sales breakdown by geography, product portfolio, revenue,SWOT analysis, strategy,and developmentsunder 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 themarket.This report also provides a comprehensive ecosystem analysis of the oil and gas data monetization market.

Global Oil and GasData Monetization 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 databaseand 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 and gas data monetization market,across geographies. Primary interviews are usually conducted on an ongoing basis with industry expertsand participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offerfirst-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 Oil and GasData Monetization Market: Competitive Dynamics

Halliburton, Schlumberger Limited, Informatica Corporation, SAP SE, Oracle Corporation, Accenture plc, IBM Corporation, EMC Corporation, Microsoft Corporation, Tata Consultancy Services Ltd., Datawatch, Drillinginfo, Hitachi Vantara Corporation, Hortonworks, Inc., Capgemini SE, Newgen Software, Inc., Cloudera, Inc., Cisco Software, Inc., SAS Institute, Inc., MapR Technologies, Inc., Palantir Solutions, and OSIsoft LLC, Infosys Limited and NETSCOUT are some of thekey playersthathave been profiled in this study. Details such as financials, business strategies, key competitors, recent developments,and other such strategic information pertaining to these players havebeen provided as part of company profiling.

The global oil and gasdata monetization market is segmented as below:

Global Oil and Gas Data Monetization Market, by Method

  • Direct Data Monetization
  • Indirect Data Monetization

Global Oil and Gas Data Monetization Market, by Component

  • Data-as-a-service
  • Professional Services
  • Software/Platform

Global Oil and Gas Direct Data Monetization Market, by Application

  • Upstream
    • Conventional
    • Unconventional
  • Midstream
  • Downstream

Global Oil and Gas Indirect Data Monetization Market, by Application

  • Upstream
    • Conventional
    • Unconventional
  • Midstream
  • Downstream

Global Upstream Oil and Gas Direct Data Monetization Market, by E&P Lifecycle

  • Exploration
  • Development
  • Production

Global Upstream Oil and Gas Indirect Data Monetization Market, by E&P Lifecycle

  • Exploration
  • Development
  • Production

Global Upstream Oil and Gas Direct Data Monetization Market, by Oil Companies

  • National Oil Companies (NOCs)
  • Independent Oil Companies (IOCs)
  • National Data Repositories (NDRs)
  • Oil and Gas Service Companies

Global Upstream Oil and Gas Indirect Data Monetization Market, by Oil Companies

  • National Oil Companies (NOCs)
  • Independent Oil Companies (IOCs)
  • National Data Repositories (NDRs)
  • Oil and Gas Service Companies

Global Oil and Gas Data Monetization Market, by Country

  • The U.S.
  • Canada
  • Rest of North America
  • The U.K
  • Germany
  • France
  • Rest of Europe
  • India
  • China
  • Japan
  • Rest of APAC
  • GCC Countries
  • South Africa
  • Rest of MEA
  • Brazil
  • Rest of South America
.