Big Data Analytics in Oil & Gas Market

Global Big Data Analytics in Oil & Gas Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Application, By Sector, By Component, By Geographic Coverage and By Company)

Published Date: Jul 2023 | Format: | No. of Pages: 250

Industry: Energy & Natural Resources


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Big Data Analytics in Oil & Gas Market Outlook

The global market for big data analytics in oil & gas exceeded the US$3 Bn mark in 2022. The report forecasts robust growth in market revenue, demonstrating a stupendous CAGR of 19.1% between the years of forecast.

Market Overview

For modern industry, the entire volume of data produced annually by machines, devices, cloud-based services, and business administration has surpassed 1000 exabytes. In the next 10-years, the amount of data produced by modern industry's tools, gadgets, cloud-based services, and business administration would increase around 20-fold.

While oil & gas is the backbone of any economy, no nation can thrive without an adequate production or supply of petroleum products. The oil business understands that by leveraging this data in smarter, quicker ways, significant power and impending discoveries can be found in it.

Big Data Analytics in Oil & Gas Market

Predictability, productivity, and profitability have recently been impacted by disruptive innovations in the oil & gas sector. Big data analytics are likely to influence the course of the industry as businesses navigate the market instability. One of the finest methods for gathering and analysing data, and forecasting operations in the oil & gas sector is big data analytics.

Key Report Findings

  • The approximatey US$3 Bn market for big data analytics in oil & gas will see over 4x growth by 2030 to reach US$12.6 Bn
  • North America accounts for more than 40% share of the overall market value
  • The upstream sector dominates with over 45% share in terms of demand generation
  • The services segment leads with around 35% market value share
  • The cybersecurity segment spearheads with more than a fourth of the overall market size
  • Industry behemoths like Royal Dutch Shell, and Saudi Aramco pioneer investments in oil & gas analytics

Market Drivers

Growing Usage in Oil & Gas Recovery

Big data analytics for the oil & gas industry help with monitoring operations as well as future outcome prediction using past data. Numerous and corporations all over the world have begun utilising this cutting-edge analytics solution, although big data oil & gas analytics adoption is still in its infancy. Big data oil & gas analytics services often include both hardware/equipment goods and software services.

To gather data and store it for later use, hardware such as servers, sensors, monitoring devices, storage units, computers, and others are required. Software generally comprises applications and programs that collect, process, analyse, and produce forecast data as per the requirements of the users. These functional advantages will drive the growth of the big data analytics market in oil & gas.

Improved Productivity, Real-time Monitoring of Global Operations, and Industry 4.0

The influx of big data analytics in the oil & gas industries is being driven by a number of factors, including an increase in the demand for sensors, productivity, industry 4.0, cybersecurity, along with an increase in automated systems. Big data use in the oil & gas sector offers a competitive advantage and improved understanding of trends to maximise business outcomes. Many reputable businesses, including Royal Dutch Shell, and Saudi Aramco, are heavily investing in big data analytics.

Big data technologies refer to a new range of tools and architectures that enable rapid data capture, discovery, and/or analysis to cheaply extract value from very large volumes of a wide variety of data. Applications offering the capability needed to support collaboration, scenario evaluation, risk management, and decision capture and retention are used in the and business. Software enabling ad-hoc discovery, deep analytics, real-time analysis, and automated, rule-based transactional decision making are all included in the category of analytics and discovery. A Hadoop-based data lake is built to run on inexpensive commodity hardware which is mostly dependent on open source software. There are therefore significant cost benefits from both a software and hardware perspective that cannot be overlooked.

Market Challenges

There are several obstacles limiting big data analytics' potential in the oil & gas industry. Because not all formats and algorithms can be supported by big data, patented and private software and hardware solutions are used. Several software and hardware solutions have seen price hike in line with technological advancements. The most recent gear or software on the market is typically very expensive. Prices typically rise because of low substitutes for the same usage. Small and mid-sized businesses thus have low demand for big data solutions.

Also, volatility in oil & gas prices currently prevailing in the market coupled with high supply of crude oil and vision towards sustainable fuels is likely to restrain growth. Several oil & gas producers are waiting for the prices to stabilise, which has restrained the market for big data analytics in upstream and industries, globally.

A majority of oil & gas companies are either unaware or simply neglect the need of big data analytics in their business processes. Some companies fear about the expenses while others are still figuring out the need for big data as per different operations.

Most Complex Upstream Sector to Utilise More Big Data Analytics Solutions by 2027

The global big data analytics market in oil & gas has been segregated in terms of sector into upstream, midstream, and downstream. In 2022, upstream sector dominated the market and constituted more than 45% share.

Big data oil & gas analytics generally have three applications in - upstream, midstream, and downstream. Asset maintenance, exploration and production optimisation, risk and H&SE management, drilling optimisation, and finance commissioning assessment are a few examples of upstream applications of big data oil & gas analytics services. The optimisation of transportation (vessels and ships), the supply chain, pipeline risk assessment, and storage are a few examples of the midstream applications of big data oil & gas analytics services.

Optimisation of the refining and separation processes, evaluation of liquefaction and regasification, demand and supply optimisation, trade optimisation, and price optimisation are examples of downstream applications of big data oil & gas analytics services, risk management, personnel safety assessment, market analysis, and marketing and sales assessment among others.

Big Data Analytics Service Packages to Grow at a Higher Pace

In terms of component, the global big data analytics market in oil & gas has been segmented as hardware, software, and services. In 2022, services segment dominated and constituted 35% share by value. Suppliers in the big data oil & gas analytics market include component providers. Suppliers should provide hardware as per the specifications of big data oil & gas analytics software developers and hardware manufacturers.

Services are a package of hardware and software that are provided by various businesses. These include compact devices for studying the big data problems that the industry is currently facing. Compared to buying individual pieces of software or hardware, service bundles are more expensive. Several suppliers involved in the hardware and software markets have partnered with providers of service packages that come with a lot of hardware and software.

Cybersecurity Concerns to Lead the Demand for Big Data

In terms of application, the global big data analytics in oil & gas market has been fragmented into: cybersecurity, cloud computing, resource management, BD platforms, smart oilfield, reservoir, exploration & geological study, production, drilling, and others (logistics, pipeline, etc.). In 2022, cybersecurity segment dominated and constituted more than 25% share by value. Oil & gas cybersecurity has become vital. The industry largely relies on technology to manage a vast network of global energy assets and operations.

Big data analytics is heavily used in cybersecurity analysis. Having a deeper understanding of the perilous situation allows the user to analyse and anticipate cyber hacking. Big data analytics helps increase productivity and organisational gain by utilising both qualitative and quantitative approaches.

Energy infrastructure is essential to modern economies, making businesses in industry appealing to hackers. More than 20 ransomware attacks against the oil & gas sector occurred globally in 2022. It ranks as the fifth industry sector most recently impacted by ransomware. Demand in this market is projected to increase in the wake of the recent cybersecurity breach difficulties at major oil & gas companies including Saudi Aramco, Chevron, Exxon Mobil, and Petrobras.

Strong Growth Expected in North America, and Asia Pacific

Globally, the US is the largest end user of big data analytics not only in oil & gas sector but throughout different sectors. North America is one of the leading players in the global big data analytics in oil & gas. In 2022, the region accounted for around 40% of the global market for big data analytics for the oil & gas industry; throughout the forecast period, its share is anticipated to rise. In addition to being one of the biggest users of oil & gas analytics services, North America is also a major global supplier of these services.

The big data in oil & gas analytics industry in Europe is characterised by innovations and technological developments. France, Germany, and the UK are some of the leading players in the European oil & gas analytics sector. However, legislation and regulations enacted in numerous European nations concerning reduced fossil fuel consumption, environmental goals, and an increase in the use of renewable energy sources could impede the expansion of the Europe oil & gas analytics industry.

China, one of the world's most rapidly developing countries, is projected to adopt oil & gas analytics services the fastest in Asia Pacific. Oil & gas analytics services are anticipated to be widely embraced on the back of China's strong IT technological capabilities. The development of China's big data analytics market in oil & gas would be fueled by greater understanding of the advantages of analytics.

Big data analytics for oil & gas in the Middle East and Africa is a fantastic option for nations like Saudi Arabia, Iran, the United Arab Emirates, and South Africa that have abundant and resources but little technological development. Moreover, analytics services in these areas can increase the oil & gas output while also streamlining processes to maximise yield. The use of oil gas analytics services can enhance, make these processes more cost-effective, and eliminate risk.

Global Big Data Analytics in Oil & Gas Market: Key Players

Some of the key players in global big data analytics market in oil & gas include:

  • SAP
  • IBM
  • SAS
  • Accenture Plc
  • CISCO
  • Dell Technologies
  • Microsoft Corporation
  • Oracle Corporation
  • Hitachi Vantara
  • Hewlett-Packard Enterprise
  • Capgemini 

The Global Big Data Analytics in Oil & Gas Market is Segmented as Below:

By Application Coverage

  • Cyber Security
  • Cloud Computing
  • Resource Management
  • BD Platforms
  • Smart Oilfield
  • Reservoir
  • Exploration & Geological Study
  • Production
  • Drilling
  • Others

By Sector Coverage

  • Upstream
  • Midstream
  • Downstream

By Component Coverage 

  • Hardware
  • Software
  • Services

By Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Netherlands
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of EU
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • Iran
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Venezuela
    • Rest of Latin America

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Price Trends Analysis, 2019 - 2030
4. Global Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
5. North America Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
6. Europe Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
7. Asia Pacific Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
8. Middle East & Africa Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
9. Latin America Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
10. Competitive Landscape
11. Appendix

1. Executive Summary
     1.1. Global Big Data Analytics Market in Oil & Gas Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
            2.2.2. Restraints
            2.2.3. Market Opportunities
            2.2.4. Economic Trends
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. COVID-19 Impact
            2.5.1. Supply Chain
            2.5.2. End-use Industry Customer Impact Analysis

3. Price Trends Analysis, 2019 - 2030

4. Global Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030

     4.1. Global Big Data Analytics Market in Oil & Gas Outlook, by Application, Value (US$ Mn), 2019 - 2030
            4.1.1. Key Highlights
                   4.1.1.1. Cyber Security
                   4.1.1.2. Cloud Computing
                   4.1.1.3. Resource Management
                   4.1.1.4. BD Platforms
                   4.1.1.5. Smart Oilfield
                   4.1.1.6. Reservoir
                   4.1.1.7. Exploration & Geological Study
                   4.1.1.8. Production
                   4.1.1.9. Drilling
                   4.1.1.10. Others (Logistic, pipeline, etc.)
            4.1.2. BPS Analysis/Market Attractiveness Analysis, by Application
     4.2. Global Big Data Analytics Market in Oil & Gas Outlook, by Sector, Value (US$ Mn), 2019 - 2030
            4.2.1. Key Highlights
                   4.2.1.1. Upstream
                   4.2.1.2. Midstream
                   4.2.1.3. Downstream
            4.2.2. BPS Analysis/Market Attractiveness Analysis, by Sector
     4.3. Global Big Data Analytics Market in Oil & Gas Outlook, by Component, Value (US$ Mn), 2019 - 2030
            4.3.1. Key Highlights
                   4.3.1.1. Hardware
                   4.3.1.2. Software
                   4.3.1.3. Services
            4.3.2. BPS Analysis/Market Attractiveness Analysis, by Component
     4.4. Global Big Data Analytics Market in Oil & Gas Outlook, by Region, Value (US$ Mn), 2019 - 2030
            4.4.1. Key Highlights
                   4.4.1.1. North America
                   4.4.1.2. Europe
                   4.4.1.3. Asia Pacific
                   4.4.1.4. Middle East & Africa
                   4.4.1.5. Latin America
            4.4.2. BPS Analysis/Market Attractiveness Analysis, by Region

5. North America Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
     5.1. North America Big Data Analytics Market in Oil & Gas Outlook, by Application, Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                   5.1.1.1. Cyber Security
                   5.1.1.2. Cloud Computing
                   5.1.1.3. Resource Management
                   5.1.1.4. BD Platforms
                   5.1.1.5. Smart Oilfield
                   5.1.1.6. Reservoir
                   5.1.1.7. Exploration & Geological Study
                   5.1.1.8. Production
                   5.1.1.9. Drilling
                   5.1.1.10. Others
     5.2. North America Big Data Analytics Market in Oil & Gas Outlook, by Sector, Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                   5.2.1.1. Upstream
                   5.2.1.2. Midstream
                   5.2.1.3. Downstream
     5.3. North America Big Data Analytics Market in Oil & Gas Outlook, by Component, Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                   5.3.1.1. Hardware
                   5.3.1.2. Software
                   5.3.1.3. Services
     5.4. North America Big Data Analytics Market in Oil & Gas Outlook, by Country, Value (US$ Mn), 2019 - 2030
            5.4.1. Key Highlights
                   5.4.1.1. U.S. Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   5.4.1.2. Canada Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030

6. Europe Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
     6.1. Europe Big Data Analytics Market in Oil & Gas Outlook, by Application, Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                   6.1.1.1. Cyber Security
                   6.1.1.2. Cloud Computing
                   6.1.1.3. Resource Management
                   6.1.1.4. BD Platforms
                   6.1.1.5. Smart Oilfield
                   6.1.1.6. Reservoir
                   6.1.1.7. Exploration & Geological Study
                   6.1.1.8. Production
                   6.1.1.9. Drilling
                   6.1.1.10. Others
     6.2. Europe Big Data Analytics Market in Oil & Gas Outlook, by Sector, Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                   6.2.1.1. Upstream
                   6.2.1.2. Midstream
                   6.2.1.3. Downstream
     6.3. Europe Big Data Analytics Market in Oil & Gas Outlook, by Component, Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                   6.3.1.1. Hardware
                   6.3.1.2. Software
                   6.3.1.3. Services
     6.4. Europe Big Data Analytics Market in Oil & Gas Outlook, by Country, Value (US$ Mn), 2019 - 2030
            6.4.1. Key Highlights
                   6.4.1.1. Germany Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   6.4.1.2. Netherland Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   6.4.1.3. U.K. Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   6.4.1.4. Italy Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   6.4.1.5. Russia & CIS Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   6.4.1.6. Rest of Europe Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030

7. Asia Pacific Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
     7.1. Asia Pacific Big Data Analytics Market in Oil & Gas Outlook, by Application, Value (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                   7.1.1.1. Cyber Security
                   7.1.1.2. Cloud Computing
                   7.1.1.3. Resource Management
                   7.1.1.4. BD Platforms
                   7.1.1.5. Smart Oilfield
                   7.1.1.6. Reservoir
                   7.1.1.7. Exploration & Geological Study
                   7.1.1.8. Production
                   7.1.1.9. Drilling
                   7.1.1.10. Others
     7.2. Asia Pacific Big Data Analytics Market in Oil & Gas Outlook, by Sector, Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                   7.2.1.1. Upstream
                   7.2.1.2. Midstream
                   7.2.1.3. Downstream
     7.3. Asia Pacific Big Data Analytics Market in Oil & Gas Outlook, by Component, Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                   7.3.1.1. Hardware
                   7.3.1.2. Software
                   7.3.1.3. Services
     7.4. Asia Pacific Big Data Analytics Market in Oil & Gas Outlook, by Country, Value (US$ Mn), 2019 - 2030
            7.4.1. Key Highlights
                   7.4.1.1. China Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   7.4.1.2. India Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   7.4.1.3. Japan Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   7.4.1.4. ASEAN Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   7.4.1.5. Rest of Asia Pacific Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030

8. Middle East & Africa Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
     8.1. Middle East & Africa Big Data Analytics Market in Oil & Gas Outlook, by Application, Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                   8.1.1.1. Cyber Security
                   8.1.1.2. Cloud Computing
                   8.1.1.3. Resource Management
                   8.1.1.4. BD Platforms
                   8.1.1.5. Smart Oilfield
                   8.1.1.6. Reservoir
                   8.1.1.7. Exploration & Geological Study
                   8.1.1.8. Production
                   8.1.1.9. Drilling
                   8.1.1.10. Others
     8.2. Middle East & Africa Big Data Analytics Market in Oil & Gas Outlook, by Sector, Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                   8.2.1.1. Upstream
                   8.2.1.2. Midstream
                   8.2.1.3. Downstream
     8.3. Middle East & Africa Big Data Analytics Market in Oil & Gas Outlook, by Component, Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                   8.3.1.1. Hardware
                   8.3.1.2. Software
                   8.3.1.3. Services
     8.4. Middle East & Africa Big Data Analytics Market in Oil & Gas Outlook, by Country, Value (US$ Mn), 2019 - 2030
            8.4.1. Key Highlights
                   8.4.1.1. Saudi Arabia Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   8.4.1.2. Iran Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   8.4.1.3. UAE Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   8.4.1.4. South Africa Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   8.4.1.5. Rest of Middle East & Africa Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030

9. Latin America Big Data Analytics Market in Oil & Gas Outlook, 2019 - 2030
     9.1. Latin America Big Data Analytics Market in Oil & Gas Outlook, by Application, Value (US$ Mn), 2019 - 2030
            9.1.1. Key Highlights
                   9.1.1.1. Cyber Security
                   9.1.1.2. Cloud Computing
                   9.1.1.3. Resource Management
                   9.1.1.4. BD Platforms
                   9.1.1.5. Smart Oilfield
                   9.1.1.6. Reservoir
                   9.1.1.7. Exploration & Geological Study
                   9.1.1.8. Production
                   9.1.1.9. Drilling
                   9.1.1.10. Others
     9.2. Latin America Big Data Analytics Market in Oil & Gas Outlook, by Sector, Value (US$ Mn), 2019 - 2030
            9.2.1. Key Highlights
                   9.2.1.1. Upstream
                   9.2.1.2. Midstream
                   9.2.1.3. Downstream
     9.3. Middle East & Africa Big Data Analytics Market in Oil & Gas Outlook, by Component, Value (US$ Mn), 2019 - 2030
            9.3.1. Key Highlights
                   9.3.1.1. Hardware
                   9.3.1.2. Software
                   9.3.1.3. Services
     9.4. Latin America Big Data Analytics Market in Oil & Gas Outlook, by Country, Value (US$ Mn), 2019 - 2030
            9.4.1. Key Highlights
                   9.4.1.1. Brazil Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, 2019 - 2030
                   9.4.1.2. Mexico Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, End-use Industry, 2019 - 2030
                   9.4.1.3. Venezuela Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, End-use Industry, 2019 - 2030
                   9.4.1.4. Rest of Latin America Big Data Analytics Market in Oil & Gas, Value (US$ Mn), by Application, Source, End-use Industry, 2019 - 2030

10. Competitive Landscape
     10.1. Company Market Share Analysis, 2022
     10.2. Strategic Collaborations
     10.3. Company Profiles
            10.3.1. SAP
                   10.3.1.1. Company Overview
                   10.3.1.2. Product Portfolio
                   10.3.1.3. Financial Overview
                   10.3.1.4. Business Strategies and Development
            10.3.2. IBM
                   10.3.2.1. Company Overview
                   10.3.2.2. Product Portfolio
                   10.3.2.3. Financial Overview
                   10.3.2.4. Business Strategies and Development
            10.3.3. SAS
                   10.3.3.1. Company Overview
                   10.3.3.2. Product Portfolio
                   10.3.3.3. Financial Overview
                   10.3.3.4. Business Strategies and Development
            10.3.4. Accenture
                   10.3.4.1. Company Overview
                   10.3.4.2. Product Portfolio
                   10.3.4.3. Financial Overview
                   10.3.4.4. Business Strategies and Development
            10.3.5. CISCO
                   10.3.5.1. Company Overview
                   10.3.5.2. Product Portfolio
                   10.3.5.3. Financial Overview
                   10.3.5.4. Business Strategies and Development
            10.3.6. Dell Technologies
                   10.3.6.1. Company Overview
                   10.3.6.2. Product Portfolio
                   10.3.6.3. Financial Overview
                   10.3.6.4. Business Strategies and Development
            10.3.7. Microsoft Corporation
                   10.3.7.1. Company Overview
                   10.3.7.2. Product Portfolio
                   10.3.7.3. Financial Overview
                   10.3.7.4. Business Strategies and Development
            10.3.8. Oracle
                   10.3.8.1. Company Overview
                   10.3.8.2. Product Portfolio
                   10.3.8.3. Financial Overview
                   10.3.8.4. Business Strategies and Development
            10.3.9. Hitachi Vantara
                   10.3.9.1. Company Overview
                   10.3.9.2. Product Portfolio
                   10.3.9.3. Financial Overview
                   10.3.9.4. Business Strategies and Development
            10.3.10. Hewlett-Packard Enterprise
                   10.3.10.1. Company Overview
                   10.3.10.2. Product Portfolio
                   10.3.10.3. Financial Overview
                   10.3.10.4. Business Strategies and Development
            10.3.11. Capgemini
                   10.3.11.1. Company Overview
                   10.3.11.2. Product Portfolio
                   10.3.11.3. Financial Overview
                   10.3.11.4. Business Strategies and Development

11. Appendix
     11.1. Research Methodology
     11.2. Report Assumptions
     11.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2019 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Application Coverage

  • Cyber Security
  • Cloud Computing
  • Resource Management
  • BD Platforms
  • Smart Oilfield
  • Reservoir
  • Exploration & Geological Study
  • Production
  • Drilling
  • Others

Sector Coverage

  • Upstream
  • Midstream
  • Downstream

Component Coverage

  • Hardware
  • Software
  • Services

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Netherlands
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of EU
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • Iran
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Venezuela
    • Rest of Latin America

Leading Companies

  • SAP
  • IBM
  • SAS
  • Accenture Plc
  • CISCO
  • Dell Technologies
  • Microsoft Corporation
  • Oracle Corporation
  • Hitachi Vantara
  • Hewlett-Packard Enterprise
  • Capgemini

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porters 5 Forces Analysis, Historical Trend (2019-2021), Price Trend Analysis, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Big Data Analytics in Oil & Gas Market

Global big data analytics market in oil & gas is anticipated to reach US$12.6 Bn in revenue by 2030-end.

During the COVID-19 pandemic, the crude oil prices had collapsed owing to plunged demand from the industrial and automotive sectors. This impacted the investments of oil & gas companies in big data analytics investments in the oil & gas business across the globe.

In terms of application, the cybersecurity segment dominated the market and constituted 26.6% share in 2022. In terms of sector, the upstream segment constituted more than 46.5% share of the global big data analytics market in oil & gas in 2022. In terms of component, services segment constituted more than 39.3% share of the global big data analytics market in oil & gas in 2022.

In 2022, North America constituted 44.3% of the global big data analytics market in oil & gas.

Global top 5 players include SAS, SAP, IBM, CISCO, and Microsoft.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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