OCEAN VIEW, Delaware, November 22, 2016 /PRNewswire/ --
Oil And Gas Analytics Market size is expected to exceed USD 21 billion by 2024; as per the latest research report by Global Market Insights, Inc.
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Low crude oil prices coupled with high cost investment in exploration and production of conventional and unconventional resources will drive the industry growth. U.S. based Cobalt has explored natural gas in the Zalophus 1 well at Block 20 offshore Angola. Such exploration activities will need advanced service platform including hardware and software support.
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Increasing downstream demand owing to rapid refinery expansion to fulfil petroleum demand will drive global oil and gas analytics market size. These services will help to reduce the downtime and maintenance cost for refining industries.
Increasing exploration and production to suffice growing demand for energy will enhance the oil and gas analytics in future. Increasing investments in digital technology by petroleum industry has increased the workforce productivity and reduced cost, which will further encourage the oil and gas analytics market size.
Upstream oil and gas analytics market share is expected to witness highest growth, with increasing offshore drilling further complimenting revenue generation. It helps to obtain real time data at minimum cost which may favor the industry growth in coming years. TIBCO Software Inc., executed digital technology to optimize E&P cost. Increasing rivalry involving refinery & volatile feedstock has forced downstream players to utilize oil and gas analytics services, which will improve processing and refining efficiency.
Browse key industry insights spread across 124 pages with 216 market data tables & 11 figures & charts from the report, "Oil And Gas Analytics Market Size By Deployment (On Premise, Hosted), By Service (Professional, Cloud, Integration), By Application (Upstream [Exploration and Drilling, Field Surveillance and Monitoring, Production Planning and Forecasting, Equipment Maintenance Management, Asset Performance, Workforce Management], Midstream [Pipeline SCADA, Fleet, Storage Optimization], Downstream [Commodity Trading, Demand Forecasting, Pricing, Refining]), Industry Analysis Report, Regional Outlook (U.S., Norway, UK, France, Italy, China, India, Japan, South Korea, Indonesia, Saudi Arabia, Qatar, Nigeria, Angola, Brazil, Venezuela), Price Trends, Growth Potential, Competitive Market Share & Forecast, 2016 - 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/oil-and-gas-analytics-market
Key insights from the report include:
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Oil and gas analytics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Global Oil And Gas Analytics Market By Deployment
Global Oil And Gas Analytics Market By Services
Global Oil And Gas Analytics Market By Application
The above information is provided on a regional and country basis for the following:
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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