BANGALORE, October 28, 2015 /PRNewswire/ --
Mordor Intelligence is pleased to announce the publication of the research report on Global Big Data in Oil & Gas Exploration and Production Market.
The global market for the usage of big data in oil & gas sector is estimated to reach to $6.09billion by the end of the year 2015. The market is projected to grow at a CAGR of 28.4%, and is expected to reach $21.22 billion by 2020.
Drilling well - the most critical event of any oil & gas exploration process - requires a large amount of resources, in terms of both personnel and equipment. The chance of a failure in this simply manifolds the loss. The solution lies in the form of better data collection and improved analysis, which is possible through big data analysis.
Report elucidates the market in detail along with an in-depth analysis of the segments by hardware and services. Hardware section: computational devices, storage devices and network devices. Services section: various implementation tools, databases, software framework, maintenance and consulting activities.
Get the Full Report Here: Global Big Data in Oil & Gas Exploration and Production Market
The report is also divided by geography - North America, Europe, the Asia-Pacific (APAC), Central & South America and Middle-East & Africa - wherein the market share of each region is analyzed and estimates are provided for the next five years.
Companies profiled in the big data in oil & gas exploration and production market report include IBM, Tableau, Microsoft, Siemens, SAP, SAS, Oracle among others.
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About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our singular focus is to provide research insights for business success. Our research team has expertise in diverse fields like Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive. However diverse the expertise maybe, everyone in our team shares one common trait - 'we love data and we love providing solutions to clients using that data'. Seeing your business flourish based on our solutions and strategy is what we love the most.
SOURCE Mordor Intelligence LLP