Monday 22 June 2015, Amsterdam
The report recognizes the following companies as the key players in the global smart oilfield IT services market: Accenture, IBM, Tata Consultancy Services and Wipro
Other Prominent Vendors in the market are: Capgemini, CGI, Cisco, Deolitte, EDS, EMC, Energistics, Huabei, Infosys, KPMG, L&T Infotech, Microsoft, PwC, SAS, Schlumberger, TCS, TechMahindra and Wipro
Commenting on the report, an analyst said: “Effective implementation of big data in the oil and gas industry is likely to benefit both traditional and digitized oilfields. Big data analytics is one of the major trends in the market. With increase in volume of data from different channels, analytics solutions are being adopted by smart oilfield IT services providers to gain meaningful insights and formulate strategies.”
According to the report, fluctuating oil prices and increased regulations have increased the operational costs for smart oilfields. IT service providers are offering a comprehensive range of services from integration to analytics, resulting in better control of activities in oilfields.
Further, the report states that corporate data security is one of the strongest barriers to the adoption of IT services in the oil and gas sector.
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.