Oil and Gas Data Management Market Size, Share Report, Analysis, Trends, Growth 2032

Oil and Gas Data Management Market

Oil and Gas Data Management Market By Product (IT infrastructure, Data organization and Services): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-854 Published Date: Nov-2020 Status : Published

Global demand for Oil and Gas Data Management market was valued at approximately USD 16,200 Million in 2019, and is expected to generate revenue of around USD 87,116.2 Million by end of 2026, growing at a CAGR of around 27.1% between 2020 and 2026.Oil and Gas Data Management Industry share By type , geography, Regional Segment Analysis

Oil and Gas Data Management Market

According to the report published by Zion Market Research, Global demand for Oil and Gas Data Management market was valued at approximately USD 16,200 Million in 2019, and is expected to generate revenue of around USD 87,116.2 Million by end of 2026, growing at a CAGR of around 27.1% between 2020 and 2026.

Global Oil and Gas Data Management Market SizeRequest Free Sample

Oil and Gas Data Management Market: Overview

From exploration and production to retail, the oil and gas industry produces massive amounts of data, which needs to be classified and streamlined for enhanced performance. The full cycle of transportation, storage, refining and exploration data is included in oil and gas data management. It includes the deployment of complex data in diverse ways. The various regulatory changes made on the oil and gas industry generates the need for adopting oil and gas data management concept in the companies. Through data management, the huge volume of data can be assorted and analyzed as per the company’s requirements and optimum business performance and safety standards can be obtained. The oil and gas data management market is growing at a considerable speed owing to the technological advancement and increasing use of information technology.

Oil and Gas Data Management Market: Growth Factors

The global oil and gas data management market is growing at a significant pace. This growth can be attributed to reasons such as greater reliance on information technology to increase oilfield recovery and to reduce nonproductive activities, advancements and innovations made in technology, increasing research and development and launching of new products in this field to increase efficient data management. In addition, several new companies are providing niche solutions at competitive prices in the global market, which is expected to accelerate the growth of the market. However, there are certain factors, which restrain the global oil and gas data management market growth. They include lack of awareness about the benefits of oil and gas data management, high initial investment required to implement a data management solution, increasing level of challenges arising due to the growing volume and velocity of the data and high time, costs, and risks associated with managing and moving data.

Global Oil And Gas Data Management MarketRequest Free Sample

Oil and Gas Data Management Market: Segmentation

The global oil and gas data management market is segmented into its type and geography. On the basis of type, the global market is divided into IT infrastructure, data organization and services. Diversification of the global market on the basis of region is seen into Europe, North America, the Middle East and Africa, Asia Pacific and Latin America.

Oil and Gas Data Management Market: Regional Analysis

The largest share in the global oil and gas data management market is seen by the North American region. This growth is expected to be followed by Asia Pacific. Owing to the large reserves of oil and gas in the Middle East region, the demand for oil and gas data management is expected to grow rapidly in the Middle East and Africa. Also contributing towards the growth in this region is the emergence of many new companies. A significant share is also contributed by Europe and Latin America in the global oil and gas data management market.

Report Scope:

Report Attributes Report Details
Report Name Oil and Gas Data Management Market Size Report
Market Size in 2019 USD 16,200 Million
Market Forecast in 2026 USD 87,116.2 Million
Compound Annual Growth Rate CAGR of 27.1%
Number of Pages 110
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Wipro, IBM, Infosys, DataCo, TCS, Teradata, SAP, Capgemini, VMware Inc., Oracle, and NetApp
Segments Covered By Type,By end-user, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Oil and Gas Data Management Market: Competitive Players

Some main participants of the Oil and Gas Data Management market are Wipro, IBM, Infosys, DataCo, TCS, Teradata, SAP, Capgemini, VMware Inc., Oracle, and NetApp.

Oil and Gas Data Management Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Greater reliance in information and technology is one of the key driving factors which promote the growth of the market. Technological advancement  and the rising penetration of the products in thesegment is also considered as one of the major driving factor for promoting the growth of the market.

According to Zion Market Research, global demand for Oil and Gas Data Management market is expected to generate revenue of around USD 87,116.2 Million by end of 2026, growing at a CAGR of around 27.1% between 2020 and 2026.

North America region hold the largest market share in the year 2019. Recent, heavy growth in Industrialization in the countries like India, China, Vietnam and various others is one of the major factors promoting the growth of the market in Asia Pacific region.

Some main participants of the Oil and Gas Data Management market are Wipro, IBM, Infosys, DataCo, TCS, Teradata, SAP, Capgemini, VMware Inc., Oracle, and NetApp.

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