Oil and Gas Data Management - Data Analytics Drives the Growth of Market

1. Oil & Gas Data Management Market Opportunity Analysis and Industry Forecast, 2016-2023 Oil and Gas Data Management - Data Analytics Drives the Growth of Market Global Opportunity Analysis and Industry Forecast, 2014-2022

2. Introduction Oil and Gas Data Management Market Report, published by Allied Market Research, states that the global market was valued at $1,092 million in 2015 and is projected to reach $3,203 million by 2022, growing at a CAGR of 16.2% from 2016 to 2022. Data management incorporates a set of new generation technologies and architectures that are especially designed to extract crucial information from large volume of structured or unstructured data by enabling high-velocity capture and analysis. Increase in popularity of real-time analysis and predictive analytics solutions, operational efficiency and performance improvement, and increased awareness among end users are projected to drive the adoption of oil and gas data management technologies and services growth during the forecast period. Oil and Gas Data Management Market

3. Overview Data management incorporates a set of new generation technologies and architectures that are specially designed to extract crucial information from a large volume of structured or unstructured data by enabling high-velocity capture and analysis. In the present scenario, it has become a critical investment choice that has significantly contributed to the growth of the smart and digital industry. The adoption of data management in the emerging markets, including Brazil, The Cooperation Council (GCC) countries, and African countries is at its nascent stage, unlike that in the developed markets such as North America and Europe. However, the potential impact of enhanced analytics solutions and services on business activities has increased in the region. Oil and Gas Data Management Market

4. Market Segmentation Get Sample Copy: https://www.alliedmarketresearch.com/request-sample/920 Oil and Gas Data Management Market

5. Top Impacting Factors The key impacting factors of the oil and gas data management technologies and services include operational efficiency and performance improvement, increase in popularity of real-time analysis & predictive analytics solutions, increased awareness, increase in the number of cyberattacks & data breaches, lack of skilled workforce, and high initial investment. These factors have significantly contributed to the growth of oil and gas data management technologies and services, and are anticipated to impact the market growth during the forecast period. The revenue of the global oil and gas data management market size is projected to grow by 2.9 times during 20152022, owing to the increase in the impact of the driving factors such as operational efficiency & performance improvement, increase in popularity of real-time analysis & predictive analytics solutions, and increased awareness among end users. Oil and Gas Data Management Market

6. Oil and Gas Data Management Market

7. Top Investment Pockets Oil and Gas Data Management Market

8. The below-mentioned figure signifies the growth potential of the oil and gas data management technologies and services based on various segments including data analysis, IT infrastructure, and services. • The data analysis segment is projected to grow at the highest CAGR of around 18% during the forecast period, owing to increase in the need for enhanced data management solutions such as reservoir engineering, drilling operations management, and upstream data management solution among end users to utilize the aggrandized amount of data for effective decision making and overall performance improvement. • Opportunities: Oil and Gas Data Management Market • Target Untapped and Emerging Markets • Introduction of Enhanced Solutions Oil and Gas Data Management Market

9. Key Findings By type, the IT infrastructure segment dominated the oil and gas data management market in 2014, and the data analysis segment is expected to grow at the highest CAGR. North America was the highest contributor in the overall oil and gas data management market size in 2014, however in terms of growth, the market in Asia-Pacific is projected to expand at the highest CAGR. The U.S. was leading in terms of spending on oil and gas data management technologies and services in 2014. The key manufacturers operating in the market include Cisco Systems, Inc., EMC Corporation, Hewlett Packard Enterprise Company, Hitachi, Ltd., IBM Corporation, Infosys Limited, NetApp, Inc., Oracle Corporation, SAP SE, and Wipro Limited. Oil and Gas Data Management Market

10. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 Oil and Gas Data Management Market

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