Big Data For Oil & Gas Market Worth $7.5 Bn In 2017

Tuesday 9 May 2017, Amsterdam

This new report, now available on ASDReports, the Big Data Analytics for Oil & Gas Market Report 2017-2027: Forecasts by Sector (Upstream, Midstream, Downstream), by Type (Hardware, Software, Services) and by Key National Markets (U.S., Canada, Russia, U.K. Norway, Rest of Europe, China, Indonesia, Rest of Asia Pacific, GCC, South Africa, Rest of Middle East & Africa, Brazil, Venezuela, and Rest of Latin America), with Leading Company Profiles Plus Analysis Of Environment, Health, and Safety (EH&S), Exploration & Production (E&P), Risk Prevention, Operational Optimization, Drilling Optimization, Asset Maintenance, Production Optimization and Other Factors indicates that the global big data analytics for oil & gas market will see $7.5bn in spending in 2017.

The lead analyst of the report said: “Big data analytics is one of the best approaches for the collection and analysis of data, and for forecasting activities in the oil & gas industry. Big data analytics for oil & gas not only aids in monitoring operations but also aids in predicting future outcomes based on historical data. Various oil & gas companies across the globe have started adopting this innovative analytics service but still large-scale adoption of big data oil & gas analytics is limited. Big data oil & gas analytics services are generally comprised of software services and hardware/equipment products. Hardware such as servers, sensors, monitoring devices, storage units, and computers is used to collect data and store it for future use. Software generally comprises applications and programs which collect, process, analyze, and produce forecast data as per the requirements of users.”

The 190 page report contains 135+ tables, charts and graphs that add visual analysis in order to explain developing trends within the big data analytics for oil & gas market. Visiongain provides revenue forecasts for the period 2017-2027 for 2 sets of submarkets, namely by Sector (Upstream, Midstream, Downstream), and by Type (Hardware, Software, Services). These submarkets are forecast by national markets as well.

The 190 report offers market forecasts and analysis for 15 leading national markets. In addition, the report contains a dedicated leading companies’ chapter covering 10 companies leading the field in big data analytics for oil & gas and an interview with an industry experts from a prominent company.