Introduction
The Data Business in Oil and Gas Market is projected to reach a CAGR of 16.5% during the forecast period. The Data Business in Oil and Gas industry is a global business with operations in more than 100 countries. The industry has seen significant changes in recent years, including the rise of new technologies and the globalization of markets. As a result, the oil and gas industry is now more complex and competitive than ever before. In this blog post, we will take a look at the global data business in oil and gas, including market opportunities and forecasts for the next seven years.
Market Overview
The global Data Business in Oil and Gas Market is in the midst of a digital transformation, with data playing an increasingly important role. The volume of data being generated by the industry is expected to increase tenfold by 2029.
This increased focus on data is driven by the need to improve operational efficiency and reduce costs in the face of challenging market conditions. Oil and gas companies are using data to drive decision-making across the entire value chain, from exploration and production to refining and marketing.
The use of data analytics is particularly prevalent in the upstream sector, where companies are using data to improve exploration success rates and optimize production. Data is also being used to streamline operations and maintenance activities, as well as to manage risk and safety more effectively.
In the downstream sector, companies are using data-driven insights to improve energy trading decisions and optimize refinery operations. Data is also playing a role in customer engagement and marketing initiatives.
The increased use of data has led to the development of new business models in the oil and gas industry. For example, startups are offering services that help oil and gas companies to make better use of their data assets. These companies are providing solutions for managing and analyzing large volumes of data, as well as for developing predictive models that can be used for decision-making.
Market Dynamics
The global Data Business in Oil and Gas Market is constantly evolving. New technologies and discoveries are constantly changing the landscape of the industry. In order to stay ahead of the curve, companies need to understand the market dynamics at play.
There are a number of factors that impact the Data Business in Oil and Gas Market. These include:
Supply and demand: The balance between supply and demand has a big impact on prices. When there is more demand than supply, prices tend to go up. When there is more supply than demand, prices tend to go down.
Political instability: Instability in oil-producing regions can lead to disruptions in the supply of oil, which can cause prices to spike.
Weather: Severe weather can disrupt both production and transportation of oil and gas, leading to price increases.
Technology: Advances in technology can lead to new discoveries of reserves, which can increase supply and drive down prices.
Report Includes
An overview of the global Data Business in Oil and Gas market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Data Business in Oil and Gas market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Data Business in Oil and Gas market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Data Business in Oil and Gas market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global Data Business in Oil and Gas Market is segmented by type, application, and geography. By type, the market is classified into onshore and offshore. Onshore data business in oil and gas includes drilling operations, production activities, reservoir management, and refining. In terms of application, the market is divided into upstream, midstream, and downstream. The geographical segments included in the report are North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Central & South America (CSA).
The onshore data business in oil and gas segment led the overall market in 2018 with a share of more than 60%. This can be attributed to the growing production of shale gas in North America as well as the increasing number of onshore projects globally. The offshore data business in oil and gas segment is expected to witness significant growth during the forecast period owing to the increased exploration activities in deepwater regions.
In terms of application, the upstream data business in oil and gas segment held a major share of the overall market due to the need for real-time data for exploration activities. The midstream data business in oil and gas segment is anticipated to grow at a rapid pace during the forecast period on account of rising demand for pipeline monitoring solutions.
Global Data Business in Oil and Gas market Competitive Analysis:Key players in the Global Data Business in Oil and Gas market are Accenture, Datawatch, Drillinginfo, Hitachi Vantara Corporation, Hortonworks, Inc., IBM Corporation, EMC Corporation, Newgen Software, Inc., Cisco Software, Inc., Tata Consultancy Services Ltd., Halliburton, Informatica Corporation, Schlumberger Limited, MapR Technologies, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., Cloudera, Inc., Palantir Solutions, Capgemini SE, and OSIsoft LLC among others.
*All our reports are customizable as per customer requirementsThis study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Data Business in Oil and Gas market is distributed on the basis of below mentioned segments:
Global Data Business in Oil and Gas market, By Type:
- Big Data
- Data Management
- Direct Data Monetization
- Others
Global Data Business in Oil and Gas market, By Application:
- National Oil Companies (NOCs)
- Independent Oil Companies (IOCs)
- National Data Repository (NDR)
- Others
Global Data Business in Oil and Gas market, By Region:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
List of Figures
Figure 1: Global Data Business in Oil and Gas Market Revenue Breakdown (USD Billion, %) by Region, 2022 & 2029
Figure 2: Global Data Business in Oil and Gas Market Value Share (%), By Segment 1, 2022 & 2029
Figure 3: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 4: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 5: Global Data Business in Oil and Gas Market Value Share (%), By Segment 2, 2022 & 2029
Figure 6: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 7: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 8: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 9: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 10: Global Data Business in Oil and Gas Market Value Share (%), By Segment 3, 2022 & 2029
Figure 11: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 12: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 13: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 14: Global Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 15: Global Data Business in Oil and Gas Market Value (USD Billion), by Region, 2022 & 2029
Figure 16: North America Data Business in Oil and Gas Market Value Share (%), By Segment 1, 2022 & 2029
Figure 17: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 18: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 19: North America Data Business in Oil and Gas Market Value Share (%), By Segment 2, 2022 & 2029
Figure 20: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 21: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 22: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 23: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 24: North America Data Business in Oil and Gas Market Value Share (%), By Segment 3, 2022 & 2029
Figure 25: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 26: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 27: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 28: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 29: North America Data Business in Oil and Gas Market Forecast (USD Billion), by U.S., 2018-2029
Figure 30: North America Data Business in Oil and Gas Market Forecast (USD Billion), by Canada, 2018-2029
Figure 31: Latin America Data Business in Oil and Gas Market Value Share (%), By Segment 1, 2022 & 2029
Figure 32: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 33: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 34: Latin America Data Business in Oil and Gas Market Value Share (%), By Segment 2, 2022 & 2029
Figure 35: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 36: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 37: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 38: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 39: Latin America Data Business in Oil and Gas Market Value Share (%), By Segment 3, 2022 & 2029
Figure 40: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 41: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 42: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 43: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 44: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Brazil, 2018-2029
Figure 45: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Mexico, 2018-2029
Figure 46: Latin America Data Business in Oil and Gas Market Forecast (USD Billion), by Rest of Latin America, 2018-2029
Figure 47: Europe Data Business in Oil and Gas Market Value Share (%), By Segment 1, 2022 & 2029
Figure 48: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 49: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 50: Europe Data Business in Oil and Gas Market Value Share (%), By Segment 2, 2022 & 2029
Figure 51: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 52: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 53: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 54: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 55: Europe Data Business in Oil and Gas Market Value Share (%), By Segment 3, 2022 & 2029
Figure 56: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 57: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 58: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 59: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 60: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by U.K., 2018-2029
Figure 61: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Germany, 2018-2029
Figure 62: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by France, 2018-2029
Figure 63: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Italy, 2018-2029
Figure 64: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Spain, 2018-2029
Figure 65: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Russia, 2018-2029
Figure 66: Europe Data Business in Oil and Gas Market Forecast (USD Billion), by Rest of Europe, 2018-2029
Figure 67: Asia Pacific Data Business in Oil and Gas Market Value Share (%), By Segment 1, 2022 & 2029
Figure 68: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 69: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 70: Asia Pacific Data Business in Oil and Gas Market Value Share (%), By Segment 2, 2022 & 2029
Figure 71: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 72: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 73: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 74: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 75: Asia Pacific Data Business in Oil and Gas Market Value Share (%), By Segment 3, 2022 & 2029
Figure 76: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 77: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 78: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 79: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 80: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by China, 2018-2029
Figure 81: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by India, 2018-2029
Figure 82: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Japan, 2018-2029
Figure 83: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Australia, 2018-2029
Figure 84: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Southeast Asia, 2018-2029
Figure 85: Asia Pacific Data Business in Oil and Gas Market Forecast (USD Billion), by Rest of Asia Pacific, 2018-2029
Figure 86: Middle East & Africa Data Business in Oil and Gas Market Value Share (%), By Segment 1, 2022 & 2029
Figure 87: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 88: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 89: Middle East & Africa Data Business in Oil and Gas Market Value Share (%), By Segment 2, 2022 & 2029
Figure 90: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 91: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 92: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 93: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 94: Middle East & Africa Data Business in Oil and Gas Market Value Share (%), By Segment 3, 2022 & 2029
Figure 95: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 1, 2018-2029
Figure 96: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 2, 2018-2029
Figure 97: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Sub-Segment 3, 2018-2029
Figure 98: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Others, 2018-2029
Figure 99: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by GCC, 2018-2029
Figure 100: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by South Africa, 2018-2029
Figure 101: Middle East & Africa Data Business in Oil and Gas Market Forecast (USD Billion), by Rest of Middle East & Africa, 2018-2029
List of Tables
Table 1: Global Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 2: Global Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 3: Global Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 4: Global Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Region, 2018-2029
Table 5: North America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 6: North America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 7: North America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 8: North America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 9: Europe Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 10: Europe Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 11: Europe Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 12: Europe Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 13: Latin America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 14: Latin America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 15: Latin America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 16: Latin America Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 17: Asia Pacific Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 18: Asia Pacific Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 19: Asia Pacific Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 20: Asia Pacific Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Table 21: Middle East & Africa Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 1, 2018-2029
Table 22: Middle East & Africa Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 2, 2018-2029
Table 23: Middle East & Africa Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Segment 3, 2018-2029
Table 24: Middle East & Africa Data Business in Oil and Gas Market Revenue (USD Billion) Forecast, by Country, 2018-2029
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
