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Oil & Gas Analytics Software Market By Operation (Upstream, Midstream, Downstream), By Deployment Type (On-premise, Hosted) – Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Published: | Report ID: 7549 | Report Format : PDF

Oil and Gas Companies Rely on Data Analytics to Generate Growth

The oil and gas analytics software market was valued at $2.34 billion in 2017 and is expected to grow at a CAGR of 17.5% from 2018 to 2026. Just like other industries, the oil and gas industry needs to understand how big data can be optimally used and what applications are possible. Data will continue to be a booming business considering that C-level executives are focusing on recognizing the value of data, and trends like real-time analytics are gaining in prominence. As per recent findings, an increasing number of oil and gas companies are relying on data analytics in order to generate growth. The benefit of data analytics software is evident in the fact that oil and gas companies that have implemented it outperform their competitors. These companies are focusing on how to efficiently utilize data and use it in a greater number of ways in order to create value for the business. Moreover, it also helps oil and gas companies understand various parameters, such as market demand and regulations existing in the field. These applications cater to the needs of upstream, midstream, and downstream applications. It helps a great deal to enhance productivity by improving operations and, at the same time, finding out the core reason for production loss. Therefore, a huge amount of data can be analyzed by using this analytics software, and the market is expected to witness significant growth during the forecast period.

Companies assisting the growth of the Oil and Gas Analytics Software Market generate massive amounts of data.

The increase in data volume generated across the oil and gas industry is one of the most prominent factors aiding the oil and gas analytics software market’s growth. Moreover, the fact that the methods for collecting a wide range of data types have also improved over the years is further encouraging market growth. Companies typically have access to a large volume and diversity of data. There has been an increasing focus on the part of oil and gas companies on how to efficiently utilize these data, improve business processes, and at the same time, identify or estimate future trends. Moreover, oil and gas companies are also adopting analytics software, considering that it is helpful in reducing costs. In addition, the oil and gas analytics software market growth is expected to be positively influenced as a result of a large number of companies adopting it to expand their market reach and attain an enhanced customer experience. However, despite the numerous benefits offered by data analytics software, it introduces challenges that businesses cannot ignore. One of the challenges is that businesses are required to comply with legal and regulatory regulations when engaging in data analysis. Moreover, data privacy and ownership are other major factors influencing the large-scale implementation of oil and gas analytics software.

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Market Synopsis

Technological Advancements in Big Data and Analytics Solutions

With data occupying the center stage in terms of the most prized asset for an organization, the vendors in the oil and gas analytics software market are utilizing technologies such as big data in order to derive meaningful insights from data. When combined with advanced big data technologies, data such as seismic, drilling logs, operational parameters such as drill bit RPMs and weight on bit, frac performance data, and production rates can be a source of profitable revenue. The advent of big data has made companies realize how important a role data can play in the development of their businesses. Thus, with increasing data awareness, the popularity of big data has increased across the oil and gas industry.

Upsurge in the Exploration and Production of Unconventional Oil and Shale Gas in North America: Supporting Market Growth

North America represents the largest regional market for oil and gas analytics software worldwide. The value share of North America in the global oil and gas analytics software market stood at more than 35% in 2017. High progress rates in oil and gas exploration and production in the region are one of the most prominent factors contributing to the increasing adoption of oil and gas analytics software. In recent years, the region has witnessed an upsurge in the exploration and production of unconventional oil and shale gas. Moreover, a few years back, North America was severely hit by the oil price slump, a factor further contributing to the increasing implementation of analytics software.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The report elucidates the detailed outline of the global oil and gas analytics software market by categorizing it in terms of operations, deployment type, and geography.

Key players profiled in the report include Hitachi, Hewlett-Packard, IBM, Oracle, Northwest Analytics, SAS Institute, SAP AG, Tibco Software, Teradata, and Cisco Systems, among others.

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Key questions are answered in this report.

  • What was the size of the global oil and gas analytics software market in 2017, and what is the forecast for 2026?
  • What are the current trends in the oil and gas analytics software market?
  • What are the various valuable opportunities for the players in the market?
  • Which is the largest regional market for oil and gas analytics software?
  • Which region is expected to have the fastest growth and why?
  • What are the future prospects for the oil and gas analytics software market?
  • What are the major drivers and restraints influencing the market’s growth?
  • What are the key strategies adopted by the leading players in the market?

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global OGAS Market
2.2 Global OGAS Market, By Operation, 2017
2.3 Global OGAS Market, By Deployment Type, 2017
2.4 Global OGAS Market, By Geography, 2017

Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global OGAS Market Value, 2016 – 2026, (US$ Bn)
3.2 Market Drivers
3.3 Market Restraints
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition, By Geography
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Oil & Gas Analytics Software (OGAS) Market Analysis, By Operation, 2016 – 2026
4.1 Market Analysis
4.2 Upstream
4.2.1 Exploration and Drilling Analytics
4.2.2 Production Planning and Forecasting Analytics
4.2.3 Field Surveillance and Monitoring Analytics
4.2.4 Equipment Maintenance Management Analytics
4.2.5 Workforce Management Analytics
4.2.6 Asset Performance Analytics
4.3 Midstream
4.3.1 Fleet Analytics
4.3.2 Pipeline SCADA Analytics
4.3.3 Storage Optimization Analytics
4.4 Downstream
4.4.1 Pricing Analytics
4.4.2 Commodity Trading Analytics
4.4.3 Refining Analytics
4.4.4 Demand Forecasting Analytics

Chapter 5 Global Oil & Gas Analytics Software (OGAS) Market Analysis, By Deployment Type, 2016 – 2026
5.1 Market Analysis
5.2 On-premise
5.3 Hosted

Chapter 6 North America Oil & Gas Analytics Software (OGAS) Market Analysis, 2016 – 2026
6.1 Overview
6.2 North America OGAS Market Analysis, By Operation, 2016 – 2026
6.2.1 Market Analysis
6.3 North America OGAS Market Analysis, By Deployment Type, 2016 – 2026
6.3.1 Market Analysis
6.4 North America OGAS Market Analysis, By Country, 2016 – 2026
6.4.1 U.S.
6.4.2 Canada

Chapter 7 Europe Oil & Gas Analytics Software (OGAS) Market Analysis, 2016 – 2026
7.1 Overview
7.2 Europe OGAS Market Analysis, By Operation, 2016 – 2026
7.2.1 Market Analysis
7.3 Europe OGAS Market Analysis, By Deployment Type, 2016 – 2026
7.3.1 Market Analysis
7.4 Europe OGAS Market Analysis, By Country/Region, 2016 – 2026
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Oil & Gas Analytics Software (OGAS) Market Analysis, 2016 – 2026
8.1 Overview
8.2 Asia Pacific OGAS Market Analysis, By Operation, 2016 – 2026
8.2.1 Market Analysis
8.3 Asia Pacific OGAS Market Analysis, By Deployment Type, 2016 – 2026
8.3.1 Market Analysis
8.4 Asia Pacific OGAS Market Analysis, By Country/Region, 2014 – 2024
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific

Chapter 9 Rest of the World Oil & Gas Analytics Software (OGAS) Market Analysis, 2016 – 2026
9.1 Overview
9.2 Rest of the World OGAS Market Analysis, By Operation, 2016 – 2026
9.2.1 Market Analysis
9.3 Rest of the World OGAS Market Analysis, By Deployment Type, 2016 – 2026
9.3.1 Market Analysis
9.4 Rest of the World OGAS Market Analysis, By Region, 2014 – 2024
9.4.1 Latin America
9.4.2 Middle East & Africa

Chapter 10 Company Profiles
10.1 Hitachi
10.2 Hewlett-Packard
10.3 IBM
10.4 Oracle
10.5 Northwest Analytics
10.6 SAS Institute
10.7 SAP AG
10.8 Tibco Software
10.9 Teradata
10.10 Cisco Systems

List of Figures

FIG. 1 Global Oil & Gas Analytics Software (OGAS) Market Segmentation
FIG. 2 Global OGAS Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global OGAS Market, By Operation, 2017 (US$ Bn)
FIG. 5 Global OGAS Market, By Deployment Type, 2017 (US$ Bn)
FIG. 6 Global OGAS Market, By Geography, 2017 (US$ Bn)
FIG. 7 Global OGAS Market Value, 2016 – 2026, (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography
FIG. 9 Market Positioning of Key Oil & Gas Analytics Players, 2017
FIG. 10 Global OGAS Market Value Contribution, By Operation, 2017 & 2026 (%)
FIG. 11 Global OGAS Market Value from Upstream, 2016 – 2026, (US$ Bn)
FIG. 12 Global OGAS Market Value from Exploration and Drilling Analytics, 2016 – 2026, (US$ Bn)
FIG. 11 Global OGAS Market Value from Production Planning and Forecasting Analytics, 2016 – 2026, (US$ Bn)
FIG. 12 Global OGAS Market Value from Field Surveillance and Monitoring Analytics, 2016 – 2026, (US$ Bn)
FIG. 13 Global OGAS Market Value from Equipment Maintenance Management Analytics, 2016 – 2026, (US$ Bn)
FIG. 14 Global OGAS Market Value from Workforce Management Analytics, 2016 – 2026, (US$ Bn)
FIG. 15 Global OGAS Market Value from Asset Performance Analytics, 2016 – 2026, (US$ Bn)
FIG. 16 Global OGAS Market Value from Midstream, 2016 – 2026, (US$ Bn)
FIG. 17 Global OGAS Market Value from Fleet Analytics, 2016 – 2026, (US$ Bn)
FIG. 18 Global OGAS Market Value from Pipeline SCADA Analytics, 2016 – 2026, (US$ Bn)
FIG. 19 Global OGAS Market Value from Storage Optimization Analytics, 2016 – 2026, (US$ Bn)
FIG. 20 Global OGAS Market Value from Downstream, 2016 – 2026, (US$ Bn)
FIG. 21 Global OGAS Market Value from Pricing Analytics, 2016 – 2026, (US$ Bn)
FIG. 22 Global OGAS Market Value from Commodity Trading Analytics, 2016 – 2026, (US$ Bn)
FIG. 23 Global OGAS Market Value from Refining Analytics, 2016 – 2026, (US$ Bn)
FIG. 24 Global OGAS Market Value from Demand Forecasting Analytics, 2016 – 2026, (US$ Bn)
FIG. 25 Global OGAS Market Value Contribution, By Deployment Type, 2017 & 2026 (%)
FIG. 26 Global OGAS Market Value from On-premise, 2016 – 2026, (US$ Bn)
FIG. 27 Global OGAS Market Value from Hosted, 2016 – 2026, (US$ Bn)
FIG. 28 North America OGAS Market Value, 2016 – 2026, (US$ Bn)
FIG. 29 Europe OGAS Market Value, 2016 – 2026, (US$ Bn)
FIG. 30 Asia Pacific OGAS Market Value, 2016 – 2026, (US$ Bn)
FIG. 31 RoW OGAS Market Value, 2016 – 2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Oil & Gas Analytics Software (OGAS) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America OGAS Market Value, By Operation, 2016 – 2026 (US$ Bn)
TABLE 5 North America OGAS Market Value, By Deployment Type, 2016 – 2026 (US$ Bn)
TABLE 6 North America OGAS Market Value, By Country, 2016 – 2026 (US$ Bn)
TABLE 7 Europe OGAS Market Value, By Operation, 2016 – 2026 (US$ Bn)
TABLE 8 Europe OGAS Market Value, By Deployment Type, 2016 – 2026 (US$ Bn)
TABLE 9 Europe OGAS Market Value, By Country/Region, 2016 – 2026 (US$ Bn)
TABLE 10 Asia Pacific OGAS Market Value, By Operation, 2016 – 2026 (US$ Bn)
TABLE 11 Asia Pacific OGAS Market Value, By Deployment Type, 2016 – 2026 (US$ Bn)
TABLE 12 Asia Pacific OGAS Market Value, By Country/Region, 2016 – 2026 (US$ Bn)
TABLE 13 RoW OGAS Market Value, By Operation, 2016 – 2026 (US$ Bn)
TABLE 14 RoW OGAS Market Value, By Deployment Type, 2016 – 2026 (US$ Bn)
TABLE 15 RoW OGAS Market Value, By Country/Region, 2016 – 2026 (US$ Bn)
TABLE 16 Hitachi: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 17 Hewlett-Packard: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 18 IBM: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 19 Oracle: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 20 Northwest Analytics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 21 SAS Institute: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 22 SAP AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 23 Tibco Software: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 24 Teradata: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 25 Cisco Systems: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Questions:

What is the size of Oil & Gas Analytics Software Market?

The market for Oil & Gas Analytics Software is expected to reach US$ 2.34 Bn in 2026.

What is the Oil & Gas Analytics Software Market CAGR?

The Oil & Gas Analytics Software market is expected to see significant CAGR growth over the coming years, at 17.5%.

What is the Forecast period considered for Oil & Gas Analytics Software Market?

The report is forecasted from 2018-2026.

What is the base year considered for Oil & Gas Analytics Software Market?

The base year of this report is 2017.

Who are the major players in this Market?

Hitachi, Hewlett-Packard, IBM, Oracle, Northwest Analytics are some of the major players in the global market

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