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Information technology providers are continuously looking for solutions that could provide new opportunities to capture the Big Data market and are researching tools competent to process Big Data in the oil and gas industry.<br>
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ICT Big Data in Oil and Gas Market - Increasing Oil Production in North America to Assist Industry Growth July 14, 2021 To prevent any big or small damage to manufacturing units, or associated resources, companies are relying on data. This in turn avoids any incurring loss in monetary terms or lives. Data, apart from providing future growth insights of a particular company, also helps in improving operations of equipment. This technique is in?uencing the oil and gas industry majorly. Further, the collected data is assisting in the growth of industry. The need of generation of data and further requirement to integrate and interpret the data is fuelling the growth of the big data oil and gas market. As per report published by Transparency Market Research, the big data in the oil and gas market is likely to rise at a lucrative CAGR of 16.6% from 2018 to 2026. The valuation of the global big data in oil and gas market is anticipated to reach US$10.93 bn by 2026. Request for a sample: https://www.transparencymarketresearch.com/sample/sample.php??ag=S&rep_id=46044 Unstructured Data Requires Integration and Interpretation for Future Growth Analysis With the strides in the oil and gas industry globally, data is also generated in terms of variety, and volume. The data is usually generated from various sources such as well logging data, geological data, and seismic data. Large amount of data collection is creating the need for technologies that can assist in integrating and interpreting large amounts of data collected in structured and unstructured form. The need for systematic analysis of the data for future insights is fuelling the growth of big data in oil and gas market. As a result of huge data generated from various sources such as geological data, sensor data, environmental data, and oceanographic data, unstructured data is likely to contribute 86% of global big data in oil and gas market share by the end of the forecast period. A number of information technology providers are working in the domain of data analytics to provide solution for the aforementioned need. This, in turn, is likely to contribute in the growth of big data oil and gas market in the tenure of forecast period. Amid the demand for big data oil and gas market, researching tools are also gaining attention. Ask for brochure: https://www.transparencymarketresearch.com/sample/sample.php??ag=B&rep_id=46044 Demand for High Operational E?ciency Fuels Big Data in Oil and Gas Market in North America Among all regions, North America alone is holding 39% of the share in global big data in oil and gas market. This is due to rise in oil production in the region, which is further fuelling the demand for big data analytics to enhance the operational e?ciency. Globally the U.S. contributes 15% to the entire oil and gas production, and hence dominates the global market. At the same time, the Middle East and Africa, and Asia Paci?c are anticipated to contribute signi?cantly in the expansion of global big data in oil and gas market. This is due to increase in the adoption rate of advanced technology solutions in the oil and gas industry in the regions. TMR Latest News Publication: https://www.prnewswire.com/news-releases/high-demand-for-rapid-charging-and-compact-design-to-shape-the-trends-in- global-gan-based-power-supply-adapter-market-growth-of-the-market-is-predicted-at-5-5-cagr-over-the-forecast-period- from-2020-to-2030---tmr-301279069.html Enter your comment... Popular posts from this blog Portable Printer Market Technologies, Industry and Players July 13, 2021 A portable printer is a device that utilizes wireless network connections and allows users to print a hard copy of the data gathered or stored on digital devices such as tablets, smartphones, etc.. Portable printers are also known as mobile printers. They are compact, smaller, and can be easy moved from … READ MORE Internet of Things (IoT) in Utilities - The next industrial revolution July 13, 2021 IoT is considered as the next industrial revolution, Industry 4.0. The concept of IoT is to develop advanced solutions and services, enhance productivity & e?ciency, solve critical problems, and improve real-time decisions. IoT is changing industry business models, and the utility industry is investing in IoT technology to transform its operations and enhance… READ MORE Rapid technological evolutions In?uencing Digital Transformation Spending in Logistics Market July 13, 2021 According to a new market report published by Transparency Market Research, the global digital transformation spending in logistics market is projected to reach US$ 94,972.3 Mn by 2026 driven by exponential rise in digital transformation spending in logistics modules. The market is projected to … READ MORE Powered by Blogger Theme images by Michael Elkan
