Global Oil and Gas Cloud Applications Market, By Component (Solutions, Services), Operation (Upstream, Midstream, Downstream), Deployment Type (Private Cloud, Public Cloud), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The oil and gas cloud applications market is expected to witness market growth at a rate of 14.20% in the forecast period of 2021 to 2028 and is expected to reach USD 15.99 billion by 2028. Data Bridge Market Research report on oil and gas cloud applications market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing adoption of private cloud for encryption of data and lower operational costs is escalating the growth of oil and gas cloud applications market.
The oil and gas industries are generating large data that need to be stored and the oil and gas cloud applications refers to the software that stores the data. Oil and gas cloud applications solutions consist of various offerings from web-hosting services to integrate technologies by the several enterprises and reduce the overall operational cost. Several aspects are provided by web-hosting services to the companies in the solutions that assist in integrating technology with infrastructure. These are used by both small and large enterprises.
The increasing adoption of cloud-based technology, the increasing need for real-time data from the field and the adoption of cloud technology which provides real-time data and store huge data securely are the major factors driving the oil and gas cloud applications market. The contribution of sensitive huge amount of data to grow the oil and gas industry, rising need for cost optimization and the use of various oil and gas companies to have solutions for their problems and have quick access to data created in upstream, midstream and downstream activities and rise in demand for private cloud for encrypting data and lowering operational costs accelerate the oil and gas cloud applications market growth. Additionally, rapid industrialization, the demand for crude oil and natural gas, increasing need for cost optimization, rise in the standard of living, surge in investment and expansion of oil and gas industry positively affect the oil and gas cloud applications market growth. Furthermore, maximizing productivity of assets and workforce by leveraging advanced technologies and increasing investments in digital technologies to create digital oilfields extend profitable opportunities to the oil and gas cloud applications market players in the forecast period of 2021 to 2028.
On the other hand, the implementation of stringent government rules and regulatory compliances is expected to obstruct the oil and gas cloud applications market growth. The rise in concerns regarding data security is projected to challenge the oil and gas cloud applications market in the forecast period of 2021 to 2028.
This oil and gas cloud applications market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on oil and gas cloud applications market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Oil and Gas Cloud Applications Market Scope and Market Size
The oil and gas cloud applications market is segmented on the basis of component, operation and deployment type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the oil and gas cloud applications market is segmented into solutions and services.
- On the basis of operation, the oil and gas cloud applications market is segmented into upstream, midstream and downstream.
- On the basis of deployment type, the oil and gas cloud applications market is segmented into private cloud and public cloud.
Global Oil and Gas Cloud Applications Market Country Level Analysis
The oil and gas cloud applications market is analyzed and market size, volume information is provided by country, component, operation and deployment type as referenced above.
The countries covered in the global oil and gas cloud applications market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the oil and gas cloud applications market because of the increasing demand for oil and gas cloud applications, early adoption of cloud technology and rise in need for digital transformation by the large as well as small- and medium-sized enterprises. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the migration of the oil and gas enterprises to the cloud-based infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oil and Gas Cloud Applications Market Share Analysis
The oil and gas cloud applications market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oil and gas cloud applications market.
The major players covered in the oil and gas cloud applications market report are Capgemini S.A., Hewlett-Packard Company, Citrix Systems, IBM Corporation, TIBCO Software Inc., Seven Lakes Technologies, PetroCloud, LLC, Microsoft, Oracle, SAP SE, Tableau Software, Accenture PLC, WellEz, Larsen & Toubro Infotech Limited, HCL Technologies Limited, Huawei Technologies Co., Ltd. and Cisco Systems Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.