DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/hvtgdq/oil_and_gas_data) has announced the addition of the "Oil and Gas Data Management Market by Type, and by Region - Global Forecast to 2020" report to their offering.
The total Oil and Gas Data management market is expected to grow from $6.09 billion in 2015 to $21.22 billion in 2020, at an estimated Compound Annual Growth Rate (CAGR) of 28.4% from 2015 to 2020.
The energy companies invest heavily upon seismic software, visualization tools and other digital technologies. The digital upstream, midstream, and downstream activities generate huge volumes of operational and financial data. The oil and gas industry is rapidly shifting from traditional processes to smarter operations for deploy minimum workforce over remote and offshore exploration sites.
The operational data helps organization to drive decision-making for production & recovery and to increase productivity and efficiency across all major business units through the best practices for data analysis. The phenomenal data volumes are challenging operational and sub-surface data management. A combination of drilling innovation and data analytics play big role in solving these issues. The intense need to transform big data into informational insights will drive the data management market.
This report gives detailed insights into the global Oil and Gas Data Management market split across various regions and type. While the type include IT infrastructure, data organization, and services, the regions include NA, Europe, APAC, MEA and LA. The report also emphasizes on key adoption trends, evolution of data centers, future opportunities, and business cases in this innovative market.
Geographically, North America (comprising the U.S. and Canada) is estimated to command the largest share of 38.51% of the global software defined data center market in 2014, followed by APAC. NA has the largest market share of the total Oil and Gas data management market in 2015, followed by EU. All the markets are in growth phase except LA which is still in introductory phase. APAC is one the major growing region in the Oil and Gas Data Management market due to presence of emerging economies.
The global Oil and Gas Data Management market vendors include big market players such as SAP, IBM, Wipro, NetApp and Oracle. New product launches, partnerships, agreements, collaborations, and acquisition are the major strategies adopted by most market players to achieve growth in the Oil and Gas Data Management market market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Oil and Gas Data Management Market Analysis, By Type
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- Cisco Systems, Inc
- Hewlett-Packard Development Company, L.P
- Hitachi, Ltd.
- International Busniess Machines Corporation
- Netapp, Inc.
- Oracle Corp
- Wipro Limited
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SOURCE Research and Markets