The report, now available on ASDReports, recognizes the following companies as the key players in the Global Big Data in Oil and Gas sector: HP, IBM, Oracle and Teradata
Other Prominent Vendors in the market are: Actian, Alteryx, Basho, Cloudera, Datameer, Digital Reasoning, DataStax, Guavus, Kognitio, MapR, Opera Solutions, and Splunk.
Commenting on the report, an analyst said: “The market is expected to grow in the future due to the presence of some emerging trends. One such trend is the adoption of user-friendly predictive modeling.”
According to the report, one of the major drivers is the huge amount of data. With the presence of a huge amount of data, enterprises need big data solutions to automatically track the performance and behavior of the information stored in their IT systems. Also, they require data analytics to develop innovative business strategies and improve their overall operational efficiency.
Further, the report states that lack of awareness is one of the major challenges confronting this market. Enterprises in the oil and gas sector lack understanding of the importance of big data and are unaware of the ways to decode it, which is affecting investment in big data
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.