+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2017-07-03Number of Pages: 241

Oil & Gas Project Management Software Market (Application - Upstream and Mid & Down Stream; Deployment - Off-Premise and On-Premise; Module - Contract Management, Scheduling, Asset Management, Inventory Management, Costing, Analytics, and Maintenance) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Oil and Gas Project Management Software Market: Overview

Projects undertaken by oil and gas companies having highly complex operations, resource management, capital management, and inventory management, among others are at the forefront of driving demand for global oil and gas project management software. These highly sophisticated and efficient software are leveraged by oil and gas companies to handle their capital projects.

Oil and gas project management software have many advantages. They enable companies to properly utilize resources and keep a tab on the progress of projects. They also aid companies to understand risks and bring about compliance. Further, they help with analytics and reporting as well.

Providing headwinds to the global oil and gas project management software market is the growing investments in alternate energy such as wind, solar, tidal, nuclear and water. Moreover, the yawning gap between demand and supply of oil and gas is also acting as a deterrent to the market.

As per a report by Transparency Market Research, the global oil and gas project management software market will likely progress slowly at a CAGR of 3.6% from 2017 to 2025 to attain a value of US$ 489.5 mn by 2025-end.

oil gas project management software market

Need for Operational Efficiency in Exploration and Production, Makes Upstream Applications Dominant Segment

Application-wise, the global oil and gas project management software market is can be bifurcated into upstream and mid and downstream. Of the two, the upstream application segment is predicted to contribute majorly to the market on account of rising investments in upstream application. As the global oil and gas industry looks to improve upon operational efficiency of exploration and production activities and tread a path of consolidation in the face of lessening revenues through mergers and acquisitions, the demand for oil and gas project management software is only slated to increase. The mid and downstream application segment is expected to hold a comparatively smaller share of the global oil and gas project management software market.

Large Reserves of Shale Catapults North America Market

From a geographical perspective, North America currently leads the market with maximum share. The U.S., which grosses maximum revenue in the region, is the main driver of expansion. North America is a leading region because of being home to a large number of industry players in the region and its massive shale oil reserves.

Europe trails North America vis-à-vis revenue in the global oil and gas project management software market. Europe is powered primarily by the U.K. and Scandinavia region. The massive reserves of oil and gas in the North Sea and Scandinavian regions are one of the reasons for strong demand in the market. The presence of complex geological structures and pipeline network, increasing investments and exploration and production activities are said to be catalyzing growth in the region.

Asia-Pacific region is another key market, which is being boosted by China and other South East Asian countries as the regional information technology industry, which supports the oil and gas industry gains strength. Swift pace of urbanization and burgeoning population is also helping to boost the market. In addition, the highly connected and advanced economies of South East Asian countries along with the presence of necessary infrastructures is expected to boost the regional market’s growth.

Some of the key comapnies in the global oil and gas project management software market are Deltek, Inc., InEight, Inc., EcoSys Management LLC, Oracle Corp., LiquidFrameworks, Inc., AVEVA Group PLC, SAP SE, Penta Technologies, Inc., Siemens AG, IBM Corp., IFS World Operations AB, Microsoft Corp., Stormgeo Holding AS, Aconex Ltd., Coreworx Inc., and Varec, Inc.

Global Oil and Gas Project Management Software Market: Overview

This report on the global Oil & Gas Project Management Software Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers the market dynamics includes drivers, restraints and opportunities, expected to influence the global oil & gas project management software market growth during the said period. Furthermore, technologies that are playing a major role in driving the global oil & gas project management software market have also been covered in the study. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (in US$ Mn), across different geographies.

Global Oil and Gas Project Management Software Market: Segmentation

The oil & gas project management software market has been segmented on the basis of application, deployment, module and geography. Based on application, the market has been divided into Upstream and Mid &Down Stream. The upstream segment has further been bifurcated into On-shore and Off-shore upstream application segments. On the basis of deployment includes off-premise and on-premise. Moreover, b ased on the module, the segment has been divided into contract management, scheduling, asset management, inventory management, costing, analytics, maintenance and others (weather forecast and logistics).

The Upstream applications includes the application of the oil & gas project management software in upstream oil & gas industry for exploration and production (E&P) activities. The upstream industry finds and produces crude oil and natural gas, while the Mid &Down Stream application includes the application of oil & gas project management software for applications such as transportation, refining/processing, storing and marketing or crude oil, natural gas liquids, natural gas and Sulfur. The downstream industry includes the distribution and retail sale of crude oil and related products through distributors, retail outlets and gas distribution companies.

On–shore upstream application would refer to use of oil and gas project management software while operating and extracting oil and gas under the surface of the earth. The Off–shore upstream application would also in use of oil & gas project management software whereas for operating, investigating and extracting oil and gas under the surface of the ocean.

Off-Premise based deployment could be defined as delivery of hosted services over the internet however On-Premise deployment would refer to the computation that is located within the physical confines of an organization.

On the basis of module the global oil & gas project management software market can be segmented into contract management, scheduling, asset management, inventory management, costing, analytics, maintenance and others (weather forecast and logistics).

Global Oil and Gas Project Management Software Market: Regional Analysis

Geographically, the report classifies the global oil & gas project management software market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of market revenue. Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, the U.K., China, India, and Brazil. Prominent regions of GCC (Gulf Cooperation Council) and Scandinavia are also covered in the report.

The report includes Porter’s Five Forces analysis of the oil & gas project management software market. The report also covers segment wise comparison matrix, market attractiveness analysis and market share analysis for all regions covered in the scope of study. Comparison matrix includes segment growth matrix, 2015 - 2025 (%), segment value share contribution, 2015 - 2025 (%), and segment compounded growth matrix (CAGR %). However, market attractiveness identifies and compares segments on the basis of CAGR and market share index.

Global Oil and Gas Project Management Software Market: Competitive Landscape

The report also includes competition landscape which includes competition matrix, of major players in the global oil & gas project management software market. . Furthermore, competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Another factors includes top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players in the market.

Major players in the oil & gas project management software market include Deltek, Inc., InEight, Inc., EcoSys Management LLC, Oracle Corp., LiquidFrameworks, Inc., AVEVA Group PLC, SAP SE, Penta Technologies, Inc., Siemens AG, IBM Corp., IFS World Operations AB, Microsoft Corp., Stormgeo Holding AS, Aconex Ltd., Coreworx Inc. and Varec, Inc..

The Global Oil & Gas Project Management Software Market is segmented as below:

Global Oil & Gas Project Management Software Market, By Application

  • Upstream
    • On-shore
    • Off-shore
  • Mid & Down Stream

 Global Oil & Gas Project Management Software Market, By Deployment

  • On-Premise
  • Off-Premise

Global Oil & Gas Project Management Software Market, By Module

  • Contract Management
  • Scheduling
  • Asset Management
  • Inventory Management
  • Costing
  • Analytics
  • Maintenance
  • Others (Weather Forecast and Logistics)

Global Oil & Gas Project Management Software Market, By Geography

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


 
 
Back To Top