Oil and Gas Cloud Applications Market In-Depth Analysis, Specifications and Forecast 2018 to 2027
Market Highlights
According to
Market Research Future, the Global Oil and Gas Cloud Applications Market has
been segmented based on Component, Deployment Type, Organization Size,
Operation, and Region/Country. Cloud applications offer various benefits to the
oil and gas companies in upstream, midstream, and downstream operations. The
oil and gas industry is a process-intensive industry, where the companies
monitor large volumes of data, which cost a high amount. Cloud applications
help in monitoring and analyzing the data and providing efficient process
handling to the oil and gas companies.
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Segmentation:
By Component, the Global Oil and Gas Cloud
Applications Market has been divided into solution and service. The solution
segment is expected to have a higher market share during the forecast period,
due to the growing demand for effective management of various assets and
applications and for uninterrupted uptime in the oil and gas industry. The
service segment has been further sub-segmented into consulting, implementation
and training, and support and maintenance. The service segment is expected to
steadily grow due to the increasing need for the consistent performance of
cloud applications.
Based on Deployment Type, the global oil and gas cloud
applications market has been divided into a private cloud and public cloud. The
private cloud segment holds the largest market share during the forecast period
since it provides a high level of encryption and security thereby enabling the
oil and gas companies to process the critical data within the organization
network. The public cloud segment is expected to be the fastest-growing during
the forecast period due to its cost-effectiveness.
Based on organization size, the global oil and gas
cloud applications market have been divided into small- and medium-sized
enterprises (SMEs) and large enterprises. The large enterprise segment holds
the largest market share during the forecast period. This is due to the large
data generating a significant amount of critical data that needs to handle and
analyze more securely. The SME segment is expected to be the fastest-growing
during the forecast period due to the cost-effective nature of the cloud
applications.
On the basis of operation, the global oil and gas
cloud applications market has been divided into upstream, midstream, and
downstream. The downstream segment holds the largest market share during the
forecast period owing to the increasing technological advancements and growing digitalization
in downstream operations.
Regional Analysis
By region, the
Global Oil and Gas Cloud Applications Market has been segmented into North
America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The Middle East and Africa are expected to be the fastest-growing region due to
the growing adoption of the latest digital technologies in the oil and gas
industry.
Key Players
The Key
Players in the Global Oil and Gas Cloud Applications Market are IBM
Corporation (US), Oracle Corporation (US), Microsoft Corporation(US), SAP
SE(Germany), Salesforce (US), Aspentech (US), Bentley Systems (US),
DassaultSystèmes (France), HPE(US), ABB (Switzerland), Infor (US), Sage
Software Solutions (India), Risk Edge Solutions(India), Workday (US), Quorum
Software (US).
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Oil and Gas Cloud Applications Market Research Report:
By Component [Solution (Enterprise Asset Management, Enterprise Resource
Planning, Customer Relationship Management, Security, others) and Service
(Consulting, Implementation and Training, Support and Maintenance)], Deployment
Type (Private Cloud, Public Cloud), Organization Size (Large Enterprise and
Small & Medium-Sized Enterprise), Operation (Upstream, Midstream,
Downstream) and Region (North America, Europe, Asia-Pacific, Middle East, and
Africa and South America) - Forecast till 2025
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