Oil And Gas Cloud Applications Market

Oil and Gas Cloud Applications - Global Market Outlook (2018-2027)

4.2 (57 reviews)
Published: January 2020 ID: SMRC18743
4.2 (57 reviews)
Published: January 2020 ID: SMRC18743

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Oil and Gas Cloud Applications Market is accounted for $3.86 billion in 2018 and is expected to reach $14.67 billion by 2027 growing at a CAGR of 16.0%. Growing adoption of private cloud for encrypting data and lowering operational costs are likely to boost the growth of the oil and gas cloud applications market. However, stringent government rules and regulatory compliances is likely to hamper the profit boundaries.

Oil and gas sector deals with a huge volume of data, which is significantly sensitive as it constitutes to the national income of many countries. Cloud applications are solutions based on Software-as-a-Service platform for storing and accessing critical data. The software solutions offered by cloud-based service providers specifically for oil and gas industry are termed as oil and gas cloud applications. These solutions consist of different offerings from web hosting services offered by local providers to integrated technologies provided by large enterprises with world-class infrastructure.

Based on component, the Enterprise Asset Management (EAM) segment is estimated to have a lucrative growth due to the demand for high-functioning assets and uninterrupted uptime in the oil and gas industry. By geography, Europe is likely to have a huge demand due to the presence of major vendors which have a direct presence through corporate offices and Research and Development (R&D) centers or an indirect presence through sales and distribution channel partners.

Some of the key players in the Oil and Gas Cloud Applications market include ABB, Aspentech, Aucerna, Bentley Systems, Cisco Systems, Inc., Hewlett Packard Enterprise Development LP (HPE), IBM Corporation, IFS, Infor, Microsoft Corporation, Oracle Corporation, PetroCloud LLC, Quorum Software, Risk Edge Solutions, Sage Software Solutions, Salesforce, SAP SE, Seven Lakes Technologies, Tableau Software Inc, and TIBCO Software Inc.
Operations Covered:
• Downstream
• Midstream
• Upstream

Deployment Models Covered:
• Hybrid
• Private
• Public

Components Covered:
• Services
• Solutions

End-Users Covered:
• Large Enterprises
• Small & Medium Business Enterprises

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea      
o Rest of Asia Pacific      
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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