Market Overview

Global Big Data Market in the Oil and Gas Sector 2018-2022 | Use of Predictive Analytics to Boost Growth | Technavio

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According to the latest market research report released by Technavio,
the global big data market in the oil and gas sector is expected to
accelerate at a CAGR of close to 13% during the forecast period. The
demand for quick data access is one of the key factors triggering the
growth of the market.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180823005424/en/

Technavio has published a new market research report on the global big data market in the oil and ga ...

Technavio has published a new market research report on the global big data market in the oil and gas sector from 2018-2022. (Graphic: Business Wire)

This research report titled ‘Global
Big Data Market in the Oil and Gas Sector'
provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
It also includes an up-to-date analysis and forecasts for various market
segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

The market research analysis categorizes the global big data market in
the oil and gas sector into the following products:

  • Software
  • Services

In 2017, the services segment accounted for 59.88% of the global market
and is projected to reach 60.09% by 2022, exhibiting almost 0.21%
increase in market share.

Global big data market in the oil and gas sector: Top emerging trend

Use of predictive analytics in the oil and gas industry is an emerging
trend in the enterprise application space. Several enterprises in the
oil and gas industry have identified predictive analytics as one way to
accelerate decision making. These organizations have started using
collaborative unstructured and structured data to enhance pattern
recognition that can improve the optimization of oil and gas operations.
Furthermore, there has been an aggressive introduction of user-friendly
predictive modeling tools, which are offered either independently or as
embedded features of big data solutions. These features include
interactive visualization and automation. This will not only accelerate
methods for developing, ascertaining, and analyzing predictive models,
but also boost the growth of the global market during the forecast
period.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio's report provides expert market research on the following
topics:

Executive Report

  • Market Outline
  • Global Big Data Market in the Oil and Gas Sector Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries
  • Market segmentation by product (software and services)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (GE, HPE, IBM, Oracle, and Teradata)

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