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Oil And Gas Analytics Market latest Trends and New Technologies Research Forecast to 2024

A detailed overview of Oil And Gas Analytics market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Oil And Gas Analytics market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Low crude oil prices coupled with high cost investment in exploration and production of conventional and unconventional resources will drive the industry growth. U.S. based Cobalt has explored natural gas in the Zalophus 1 well at Block 20 offshore Angola. Such exploration activities will need advanced service platform including hardware and software support.

Increasing downstream demand owing to rapid refinery expansion to fulfill petroleum demand will drive global oil and gas analytics market size. These services will help to reduce the downtime and maintenance cost for refining industries.

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Oil And Gas Analytics Market size is expected to exceed USD 21 billion by 2024; as per the latest research report

Oil And Gas Analytics Market latest Trends and New Technologies Research Forecast to 2024
Oil And Gas Analytics Market latest Trends and New Technologies Research Forecast to 2024

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Upstream oil and gas analytics market share is expected to witness highest growth, with increasing offshore drilling further complimenting revenue generation. It helps to obtain real time data at minimum cost which may favor the industry growth in coming years. TIBCO Software Inc., executed digital technology to optimize E&P cost. Increasing rivalry involving refinery &volatile feedstock has forced downstream players to utilize oil and gas analytics services, which will improve processing and refining efficiency.

Key insights from the report include:

Increasing exploration and production to suffice growing demand for energy will enhance the oil and gas analytics in future. Increasing investments in digital technology by petroleum industry has increased the workforce productivity and reduced cost, which will further encourage the oil and gas analytics market size.

U.S. oil and gas analytics market size for hosted deployment segment, was valued over USD 800 million in 2015, and will grow at a CAGR of over 19% from 2016 to 2024. Bakken Shale exploration and production activity have deployed hosting for oil and gas industry.

Professional services in France and gas analytics market size are likely to reach over USD 300 million by 2024. Rising adoption of big data platform in France for improving operationally efficient production will drive the oil and gas analytics market share.

Major Highlights from Table of contents are listed below for quick lookup into Oil And Gas Analytics Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Oil And Gas Analytics Market
  • Product trends
  • Application trends

Chapter 3. Oil And Gas Analytics Industry Insights

  • Oil And Gas Analytics Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Oil And Gas Analytics industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Oil And Gas Analytics Market Technology & innovation landscape
  • Industry impact forces
  • Oil And Gas Analytics Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Oil And Gas Analytics Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Oil And Gas Analytics Market
  • SWOT Analysis

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