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Global Oil and Gas Analytics Market Share, Size, Growth, Trends, Analysis, Forecast: By Component: Software, Service; By Deployment Model: Cloud-based, On-premises; By Organisation Size: Small and Medium Businesses, Large Enterprises; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Oil and Gas Analytics Market Outlook

The global oil and gas analytics market is expected to grow at a CAGR of 14.80% between 2023 and 2028. Major market drivers are increasing demand for energy, reduced maintenance costs, and improvements in oil and gas operations. 

 

Key Trends in the Market

Oil and gas analytics, also known as oilfield analytics, are the applications of big data analytical methods to operations in the oil and gas sector. The oil and gas analytics are used to reduce downtimes, improve production, lower maintenance, boost asset management, ensure human safety, and improve offshore operation prediction. Big data analytics are used for collecting and processing large volumes of data generated in oil and gas applications, using the data for making the reservoir production more effective and identifying preventive measures and predicted outcomes. 

 

  • Oil and gas companies are putting in efforts to change their conventional approaches to mobility-based approaches for better performance and also help improve the efficiency of the operations, generating the demand for oil and gas analytics.
  • Emerging technologies such as seismic data are enhancing the growth of the oil and gas analytics market. While oil drilling, the analytics can examine seismic data thereby providing risk insights, increasing the rate of success without wasting time and money. If combined with historical data, they can also help identify level of oil in the reservoir.
  • Use of non-conventional drilling methods and production practices have boosted the demand for the data management in the oil and gas sector. Increasing volumes of data obtained due to increasing operational activity are surging the demand for oil and gas analytics and the growth of the overall market.

 

Market Analysis

Based on component, the oil and gas analytics market can be bifurcated into software and service. By deployment model, the market is divided into cloud-based and on-premises. On the basis of organisation size, the market is segmented into small and medium businesses and large enterprises. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global oil and gas analytics market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • SAS Institute Inc.
  • Oracle Corporation
  • Accenture Plc
  • IBM Corporation
  • SAP SE
  • TIBCO Software Inc.
  • Northwest Analytics Inc.
  • Others

 

Market Share by Deployment Model

Cloud-based deployment models are accounting for a fast growing share in the oil and gas analytics market because of the increasing need to record data at remote work locations and then send the data to secure repositories. Moreover, the data is obtained and collected from various points and channels in the value chain that can benefit from a centralised cloud-based system for maintaining all the data. Cloud-based oil and gas analytics is often easier to setup, particularly in remote locations, as specialised hardware is not required. Upgrades to the software and advanced customisations are also easier to implement in cloud-based deployments.

 

Market Share by User Type

Large enterprises hold a sizable share in the oil and gas analytics market because of the factor that large enterprises generate significantly high volumes of data that can benefit from analytics. They are also often more ready to invest in advanced analytics systems for their oil and gas operations so as to improve their overall operations. Also, large enterprises tend to have larger and more well-established infrastructure and a bigger workforce that can be integrated and connected with oil and gas analytics programmes. 

 

However, small and medium businesses are also investing in oil and gas analytics on a smaller scale, in order to improve their operations and compete with larger players in the market. As the affordability of oil and gas analytics increases, more small and medium businesses are likely to implement analytics systems. 

 

Competitive Landscape

SAS Institute Inc. is a software company having its headquarter in North Carolina, United States, founded in 1976. It manufactures, develops, and sells a suite of analytics software that helps in accessing, managing, analysing, and reporting data to help in decision making. They specialise in predictive and advanced analytics software applications, data visualisation, and business intelligence. 

 

Oracle Corporation was established in 1977 and is headquartered in Texas, United States. It is a computer software company that provides technology with a suite of integrated cloud applications and a cloud infrastructure platform. It provides services in order to build, mitigate, and run IT operations, including enterprise workloads, on new cloud native data platforms and applications. 

 

Accenture Plc was founded in 1989 and is based in Dublin, Ireland. It is an information technology company that specialises in information technology consulting and services. It offers insight engines, data virtualisation, text analysis, business intelligence, predictive analysis, drone analytics, statistical analysis, and enterprise search software. 

 

Other market players include IBM Corporation, SAP SE, TIBCO Software Inc., and Northwest Analytics Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Model
  • Organisation Size
  • Region
Breakup by Component
  • Software
  • Service
Breakup by Deployment Model
  • Cloud-based
  • On-premises
Breakup by Organisation Size
  • Small and Medium Businesses
  • Large Enterprises
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SAS Institute Inc.
  • Oracle Corporation
  • Accenture Plc
  • IBM Corporation
  • SAP SE
  • TIBCO Software Inc.
  • Northwest Analytics, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Oil and Gas Analytics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Oil and Gas Analytics Historical Market (2018-2022) 
    8.3    Global Oil and Gas Analytics Market Forecast (2023-2028)
    8.4    Global Oil and Gas Analytics Market by Component
        8.4.1    Software
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Service
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Oil and Gas Analytics Market by Deployment Model
        8.5.1    Cloud-based
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    On-premises
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Oil and Gas Analytics Market by Organisation Size
        8.6.1    Small and Medium Businesses
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Large Enterprises
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Oil and Gas Analytics Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Oil and Gas Analytics Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Oil and Gas Analytics Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Oil and Gas Analytics Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Oil and Gas Analytics Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Oil and Gas Analytics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    SAS Institute Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Oracle Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Accenture Plc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    IBM Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    SAP SE
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    TIBCO Software Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Northwest Analytics, Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Oil and Gas Analytics Market: Key Industry Highlights, 2017 and 2027
2.    Global Oil and Gas Analytics Historical Market: Breakup by Component (USD Million), 2018-2022
3.    Global Oil and Gas Analytics Market Forecast: Breakup by Component (USD Million), 2023-2028
4.    Global Oil and Gas Analytics Historical Market: Breakup by Deployment Model (USD Million), 2018-2022
5.    Global Oil and Gas Analytics Market Forecast: Breakup by Deployment Model (USD Million), 2023-2028
6.    Global Oil and Gas Analytics Historical Market: Breakup by Organisaton Size (USD Million), 2018-2022
7.    Global Oil and Gas Analytics Market Forecast: Breakup by Organisaton Size (USD Million), 2023-2028
8.    Global Oil and Gas Analytics Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Oil and Gas Analytics Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Oil and Gas Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Oil and Gas Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Oil and Gas Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Oil and Gas Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Oil and Gas Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Oil and Gas Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Oil and Gas Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Oil and Gas Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Oil and Gas Analytics Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Oil and Gas Analytics Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Oil and Gas Analytics Market Structure

Key Questions Answered in the Report

The global market for oil and gas analytics is expected to grow at a CAGR of 14.80% between 2023 and 2028.

The major market drivers include increasing demand for energy, reduced maintenance cost, and improvements in oil and gas operations.

The key trends of the market include adopting to a mobility-based approach, emerging technologies, and generation of high volumes of data.

Key market players include SAS Institute Inc., Oracle Corporation, Accenture Plc, IBM Corporation, SAP SE, TIBCO Software Inc., and Northwest Analytics Inc., among others.

Oil and gas analytics, also known as oilfield analytics, are the usage of big data analytical methods to operations in the oil and gas sector.

The global oil and gas analytics market is segmented based on component, deployment mode, organisation size, and region.

The primary deployment models for oil and gas analytics are cloud-based and on-premises.

Big data analytics is used for collecting and processing data generated by oil and gas companies, providing them with insights for improved decision making.

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