Product ID: UCMIG10C2007
Report ID:
UCMIG10C2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The oil and gas industry's global big data market is expected to grow during the forecasted period. Big data is information that is more complex and substantial than what can be processed by traditional data processing techniques. The oil and gas business has been one of the greatest users of this service since it requires a lot of data to make a lot of technical judgements, but big data and analytics are still in their infancy in some industries. In an effort to better understand well dynamics and provide new technology to the market, many energy organisations have made large investments in visualisation tools, seismic software, and other digital technologies during the past few years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Integrated Oil & Gas by segment aggregation, the contribution of the Integrated Oil & Gas in Energy Fuel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG10C2007