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North American Oil and Gas Analytics Market Future Challenges and Industry Growt

North American Oil and Gas Analytics Market size is projected to grow at a significant CAGR from 2021 to 2027. Technological advancements for an efficient real-time data analysis system are driving North America oil and gas analytics market expansion. The industry has received an impetus with rising demand for configuration control and a lower cost of ownership. Increasing production optimization and expanding reservoir have signified the growth potentials of oil and gas analytics.

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North American Oil and Gas Analytics Market Future Challenges and Industry Growt

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  1. North American Oil and Gas Analytics Market Outlook 2021 - Industry Statistics Analysis by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. North American Oil and Gas Analytics Market size is projected to grow at a significant CAGR from 2021 to 2027. Technological advancements for an efficient real-time data analysis system are driving North America oil and gas analytics market expansion. The industry has received an impetus with rising demand for configuration control and a lower cost of ownership. Increasing production optimization and expanding reservoir have signified the growth potentials of oil and gas analytics. • The advent of a host of analytics engines is helping generate a massive chunk of financial and operational data. So much so that advancements in remote instrumentation, process automation and IoT have unlocked opportunities in the oil and gas industry. • Upstream producers, downstream and midstream organizations are using advanced analytics to bolster output and optimize production settings. Operators are expected to embrace oil and gas analytics to bridge the performance gap. According to an estimate, the North America oil and gas analytics market size could witness a commendable gain by 2027. • Oil and gas (O&G) companies are likely to explore opportunities in cloud services to enable rapid data recovery, the flexibility of data management and access to unlimited storage. O&G companies are using cloud services with big data and business intelligence analytics techniques to streamline process optimization. The cloud service segment across oil & gas analytics industry in North America is forecast to expand at a notable CAGR over 2021-2027. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://urlzs.com/yDoF1 Request for customization @ https://urlzs.com/YkTcW ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Of late, upstream oil and gas market is cashing in the upsides of big data to boost fluid front monitoring geophones, channel counting and carbon capture. Ever-growing amount of data generated from oil & gas companies has furthered the significance of managing seismic data and enhance reservoir engineering. Besides, O&G companies are likely to use big data to customize predictive models to anticipate likely equipment failures. • The ramification of the COVID-19 outbreak has had a huge toll on the oil and gas industry across the U.S. Shifting supply dynamics from production cuts to slowing of production challenged the oil and gas analytics suppliers in North America. Oil consumption in the U.S. was reported to have dipped 2.3 million b/d in 2020. In the hindsight, the pandemic compelled oil traders to adopt digital solutions for future production forecasts and cost optimization. • The competitive landscape of the North America oil and gas analytics market is propelled with industry players such as Hewlett Packard Enterprise, Microsoft, Accenture, Capgemini, Cognizant, IBM, Cisco Systems, Oracle and SAS Institute, among others. Leading companies are likely to involve in organic and inorganic strategies to gain a stronghold in the ecosystem. • Considering the pace at which advanced analytics is advancing, oil and gas companies are likely to adopt big data to bolster equipment lifespan, reduce carbon footprint, streamline logistics efficiency and monitor oil exploration areas. O&G suppliers will make moves to transform massive datasets into seamless exploration decisions and reduced OPEX. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segmentation of North American Oil and Gas Analytics Market : • North America Market, By Deployment • On-Premise • Hosted • North America Market, By Services • Professional • Cloud • Integration • North America Market, By Application • Upstream • Exploration and Drilling Analytics • Field Surveillance and Monitoring Analytics • Production Planning and Forecasting Analytics • Equipment Maintenance Management Analytics • Asset Performance Analytics • Workforce Management Analytics • Midstream • Pipeline SCADA Analytics • Fleet Analytics • Storage Optimization Analytics ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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