DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/8zvvts/oil_and_gas) has announced the addition of the "Oil and Gas Mobility Market by Application, by Service, by Deployment Type, by Users & by Region - Global Forecast to 2020" report to their offering.
The oil and gas mobility application market size is expected to grow from $7,007.5 million in 2015 to $18,693.9 million in 2020, at an estimated CAGR of 21.7%.
The oil and gas mobility software market size is expected to grow from $5,986.12 million in 2015 to $16,634.88 million in 2020, at an estimated CAGR of 22.7%. Finally, the services market size is expected to grow from $1,021.4 million in 2015 to $2,059.0 million in 2020, at an estimated CAGR of 15.1%.
With the advent of technological innovations, coupled with the ever increasing need of exploring and producing oil and gas more competently, continues to transform the way the oil and gas industry functions. The most critical challenge is to locate the best ways to make resources such as data, technology, people, and processes more cost-efficient thereby ensuring optimum utilization of resources. The coupling of data with information management and mobility solutions is the crucial means to enable oil and gas firms to use this actual ground-based information strategically to reduce turnaround time, lower the operating costs, and improve overall landscape of the oil and gas lifecycle.
Many oil and gas enterprises are looking forward to embed mobility applications into their fold. In this scenario, the most important thing for enterprises is to maximize their turnover from resources and reduce cycle times. Introduction of mobility into day to day operations will help enterprises to enhance their effectiveness and efficiency. It will ensure greater data integrity, reduce redundancy and optimize the usage of resources.
The overall oil and gas mobility market in this report has been defined as the sum of revenues generated by the oil and gas mobility firms along with various software and services provided by the vendors to oil and gas companies.
This report primarily includes oil and gas mobility vendors providing application software for Asset Management, Materials Management, Mobile Analytics, Risk and Regulatory Compliance, Workforce Automation, and Others. Also, in this fast changing economic scope, companies need to introspect and analyze their internal operational process flow. Thus, employment of mobility in operational processes helps in quick decision making and enhanced connectivity among different geographical locations.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Oil and Gas Mobility Market Analysis, By Application
8 Oil and Gas Mobility Market Analysis, By Service
9 Market Analysis, By Deployment Type
10 Market Analysis, By User Type
11 Oil and Gas Mobility Market Analysis, By Region
12 Competitive Landscape
13 Company Profiles
- Cisco Systems
- IBM Corporation
- Infosys Limited
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Wipro Limited
For more information visit http://www.researchandmarkets.com/research/8zvvts/oil_and_gas
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SOURCE Research and Markets