Global Oil and Gas Analytics Market Size Study, by Service (Professional, Cloud, Integration), by Deployment Mode (On-premises, Cloud), by Application (Upstream, Midstream, Downstream) and Regional Forecasts 2022-2032

Description

The Global Oil and Gas Analytics Market is valued approximately at USD 12.30 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 23.40% over the forecast period 2024-2032. The oil and gas industry is currently undergoing a profound digital transformation, driven by the adoption of Industry 4.0 principles aimed at enhancing operational efficiency and decision-making. Advanced analytics solutions are empowering companies to harness real-time data, thereby optimizing exploration and production processes, minimizing downtime, and enhancing overall asset performance. Predictive maintenance has emerged as a critical trend within the sector, where analytics tools analyze equipment performance data to predict potential failures before they occur, enabling proactive maintenance and reducing downtime. This not only cuts operational costs but also bolsters safety and reliability.

As the volume and variety of data generated in the oil and gas industry surge, the integration and visualization of this data have become paramount. Analytics platforms that facilitate seamless data integration and offer intuitive visualizations empower decision-makers with actionable insights, enabling them to make informed choices in real-time. In the upstream segment, advanced reservoir characterization through analytics is gaining prominence. By analyzing geological and geophysical data, companies can optimize reservoir management, improve drilling efficiency, and maximize hydrocarbon recovery.

The market is predicted to proliferate due to the increasing demand for analytics, rapid growth in digitalization, and the adoption of advanced technologies by enterprises to meet the needs of the growing oil and gas business. Analytics in oilfields allows for the identification of patterns among numerous variables, enhancing performance, reliability, and scalability. Moreover, innovations in cloud computing, machine learning, and artificial intelligence are expected to drive market growth during the forecast period.

The oil-based adjuvants segment is expected to exhibit a significant growth rate owing to its unique advantages in agricultural applications. These adjuvants enhance the solubility and dispersal of active ingredients, ensuring better coverage and penetration on plant surfaces. Additionally, they help reduce surface tension, enabling better adhesion and absorption of agricultural chemicals onto plant tissues, thus improving overall performance and effectiveness.

In terms of geography, North America holds a dominant share of the market, driven by substantial investments in digitalization tools and highly efficient technology systems. The region's increasing adoption of analytical solutions to boost cost-effectiveness and labor productivity, coupled with rising capital expenditure in the O&G industry, will positively influence market growth. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period.

Major market players included in this report are:

SAP SE
Microsoft Corporation
Hitachi America, Ltd.
Oracle Corporation
Cognizant Technology Solutions U.S.
Capgemini
Accenture plc
Cisco System, Inc.
Tibco Software
IBM (International Business Machines Corporation)

The detailed segments and sub-segment of the market are explained below:

By Service:

Professional
Cloud
Integration

By Deployment Mode:

On-premises
Cloud

By Application:

Upstream
Midstream
Downstream

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Oil and Gas Analytics Market Executive Summary

1.1. Global Oil and Gas Analytics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Service
- 1.3.2. By Deployment Mode
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Oil and Gas Analytics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Oil and Gas Analytics Market Dynamics

3.1. Market Drivers
- 3.1.1. Rise in Demand for Analytics in Oil & Gas Industry
- 3.1.2. Growing Oilfield Projects
- 3.1.3. Adoption of Cloud-Based Solutions in Oil & Gas Industry
3.2. Market Challenges
- 3.2.1. Data Complexity and Integration
- 3.2.2. Legacy Infrastructure
- 3.2.3. Cybersecurity Threats
- 3.2.4. Talent Shortage
- 3.2.5. Cost Pressures and ROI Concerns
- 3.2.6. Regulatory Compliance
- 3.2.7. Complex Geopolitical Landscape
3.3. Market Opportunities
- 3.3.1. Investment in Data Quality and Integration
- 3.3.2. Modernization of Infrastructure
- 3.3.3. Enhanced Cybersecurity Measures
- 3.3.4. Strategic Talent Development
- 3.3.5. Demonstrating ROI and Cost Management
- 3.3.6. Adherence to Regulatory Compliance
- 3.3.7. Scenario Planning for Geopolitical Uncertainties

Chapter 4. Global Oil and Gas Analytics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective

Chapter 5. Global Oil and Gas Analytics Market Size & Forecasts by Service 2022-2032

5.1. Segment Dashboard
5.2. Global Oil and Gas Analytics Market: Service Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Professional
- 5.2.2. Cloud
- 5.2.3. Integration

Chapter 6. Global Oil and Gas Analytics Market Size & Forecasts by Deployment Mode 2022-2032

6.1. Segment Dashboard
6.2. Global Oil and Gas Analytics Market: Deployment Mode Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. On-premises
- 6.2.2. Cloud

Chapter 7. Global Oil and Gas Analytics Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Oil and Gas Analytics Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Upstream
- 7.2.2. Midstream
- 7.2.3. Downstream

Chapter 8. Global Oil and Gas Analytics Market Size & Forecasts by Region 2022-2032

8.1. North America Oil and Gas Analytics Market
- 8.1.1. U.S. Oil and Gas Analytics Market
  - 8.1.1.1. Service breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Deployment Mode breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Oil and Gas Analytics Market
8.2. Europe Oil and Gas Analytics Market
- 8.2.1. U.K. Oil and Gas Analytics Market
- 8.2.2. Germany Oil and Gas Analytics Market
- 8.2.3. France Oil and Gas Analytics Market
- 8.2.4. Spain Oil and Gas Analytics Market
- 8.2.5. Italy Oil and Gas Analytics Market
- 8.2.6. Rest of Europe Oil and Gas Analytics Market
8.3. Asia-Pacific Oil and Gas Analytics Market
- 8.3.1. China Oil and Gas Analytics Market
- 8.3.2. India Oil and Gas Analytics Market
- 8.3.3. Japan Oil and Gas Analytics Market
- 8.3.4. Australia Oil and Gas Analytics Market
- 8.3.5. South Korea Oil and Gas Analytics Market
- 8.3.6. Rest of Asia Pacific Oil and Gas Analytics Market
8.4. Latin America Oil and Gas Analytics Market
- 8.4.1. Brazil Oil and Gas Analytics Market
- 8.4.2. Mexico Oil and Gas Analytics Market
- 8.4.3. Rest of Latin America Oil and Gas Analytics Market
8.5. Middle East & Africa Oil and Gas Analytics Market
- 8.5.1. Saudi Arabia Oil and Gas Analytics Market
- 8.5.2. South Africa Oil and Gas Analytics Market
- 8.5.3. Rest of Middle East & Africa Oil and Gas Analytics Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. SAP SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Microsoft Corporation
- 9.3.3. Hitachi America, Ltd.
- 9.3.4. Oracle Corporation
- 9.3.5. Cognizant Technology Solutions U.S.
- 9.3.6. Capgemini
- 9.3.7. Accenture plc
- 9.3.8. Cisco System, Inc.
- 9.3.9. Tibco Software
- 9.3.10. IBM (International Business Machines Corporation)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes