Oil & Gas Data Management Market By Component (Solution, Software, Services), By Type (IT Infrastructure, Data Operations, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

Increasing Demand for Real-Time Analysis the Demand for Oil & Gas Data Management Market

Globally, the oil & gas data management market is expected to grow with a CAGR of 15.0% during the forecast period from 2019 to 2027 and is expected to register a market value of US$ 6.56 Bn in 2027. Data management includes various advanced technologies and architectures specifically designed to extract vital information from a large volume of unstructured and structured data and perform multiple analyses to present the important information from it in real time. Technological advancement and increasing investments by companies to digitalize their infrastructure are expected to drive the market.

Data management plays a crucial role in the oil & gas industry, allowing the company to manage and protect its data. The oil & gas companies generate a large amount of data daily, which needs to be protected, and the data is analyzed daily to understand the business functionality and progress. Thus, the data management software allows the business to manage and extract the data in real time.

Market Synopsis

Oil & Gas Data Management with Data Organization in its Type Segment Continue Dominating the Market

In 2018, the overall oil & gas data management market was led by the data organization segment in its type segment, contributing to a high percentage of the market share of the total revenue generated globally in 2018 with a market share of more than 50% and is expected to grow with a significant CAGR during the forecast period. Oil & gas plays a crucial role in the global economy. The data organization plays an important in the oil & gas industries as it improves the efficiency of the operations by providing useful data, which allows the operators and the higher authority to understand the progress and the upcoming trends from the data generated using the systems.

North America Dominates the Market by Region

The global oil & gas data management market was led by North America, with a market share of more than 30% in 2018. The increasing advancement in the technologies and development of new software by the companies is one of the major factors driving the market growth in the region. Additionally, the increasing demand for IoT and connected devices by the oil & gas industries increases the worker's safety and reduces the manual work, which results in generating a large volume of data which is a major factor driving the market in the North American region. The U.S. held the largest market share in 2018 in the region due to increasing small and midsized companies developing advanced software and solutions associated with data management.

Some of the prominent players operating in oil & gas data management are Cisco Systems, Inc., Newgen Software, Inc., SAP SE, EMC Corporation, Capgemini S.A., IBM Corporation, Oracle Corporation, Hitachi, Ltd., Tata Consultancy Services Ltd., Halliburton, Informatica Corporation, SAS Institute, Hewlett-Packard, and Schlumberger Limited.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The oil & gas data management market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global oil & gas data management market based on component, type, and geography.

Frequently Asked Questions

The market for Oil & Gas Data Management is expected to reach US$ 6.56 Bn in 2028.

The Oil & Gas Data Management market is expected to see significant CAGR growth over the coming years, at 15.0%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Capgemini S.A., EMC Corporation, Hitachi, Ltd., Hewlett-Packard, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, SAS Institute, Tata Consultancy Services Ltd. are some of the major players in the global market.

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Published Date:  Dec 2019
Category:  Information and Communications Technology
Report ID:   60124
Report Format:   PDF
Pages:   149
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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