Global Oil and Gas Data Monetization Market, By Method (Direct Data Monetization, Indirect Data Monetization), Component (Data-as-a-service, Professional Services, Software/Platform), Application (Upstream, Midstream, Downstream), E&P Lifecycle (Exploration, Development, Production), Oil Companies (National Oil Companies (NOCs), Independent Oil Companies (IOCs), National Data Repositories (NDRs), Oil and Gas Service Companies), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Oil and Gas Data Monetization Market
The oil and gas data monetization market is expected to witness market growth at a rate of 15.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on oil and gas data monetization market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in oil and gas industry globally is escalating the growth of oil and gas data monetization market.
- Oil and gas companies are continuously the large volume and variety of data into intelligence for enhanced asset productivity. To derive the value out of unstructured data generated from sensors present in the oil field, real-time analysis is used. Predictive and prescriptive analytics are highly deployed in oil and gas companies to earn money and minimize expenses by turning this data into valuable assets.
The increase in the number of oil and gas companies across the globe acts as one of the major factors driving the growth of oil and gas data monetization market. The rise in the adoption of the big data technologies to collect, manage, and increase new insights, and increase in demand for data monetization technologies that can assist key players in optimizing their business operations, and improving their competitive edge accelerate the market growth. The advent of open standards and centralized data management for seamless integration and operation across the number of pipeline operation systems, and high usage of these operation systems such as simulation, measurement and asset management further influence the market. Additionally, increase system availability, rapid digitization, rise in the adoption of Internet of things and huge amounts of data generated positively affect the oil and gas data monetization market. Furthermore, increase in adoption of AI for data processing extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, varying structure of regulatory policies and lack of awareness regarding the requirement of the interventions are expected to obstruct the market growth. Increase in complexities in data structures and concerns regarding privacy and data are projected to challenge the oil and gas data monetization market in the forecast period of 2021-2028.
This oil and gas data monetization market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on oil and gas data monetization market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Oil and Gas Data Monetization Market Scope and Market Size
The oil and gas data monetization market is segmented on the basis of method, component, application, E&P lifecycle and oil companies. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of method, the oil and gas data monetization market is segmented into direct data monetization and indirect data monetization.
- On the basis of component, the oil and gas data monetization market is segmented into data-as-a-service, professional Services, and software platform.
- On the basis of application, the oil and gas data monetization market is segmented into upstream, midstream and downstream.
- On the basis of E&P Lifecycle, the oil and gas data monetization market is segmented into exploration, development and production.
- On the basis of Oil Companies, the oil and gas data monetization market is segmented into National Oil Companies (NOCs), Independent Oil Companies (IOCs), National Data Repositories (NDRs) and Oil and Gas Service Companies.
Oil and Gas Data Monetization Market Country Level Analysis
The oil and gas data monetization market is analyzed and market size, volume information is provided by country, method, component, application, E&P lifecycle and oil companies as referenced above.
The countries covered in the oil and gas data monetization market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the oil and gas data monetization market due to the increasing oil production, availability of necessary infrastructure, and use of indirect data monetization solutions within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the rising investments in the E&P sector.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oil and Gas Data Monetization Market Share Analysis
The oil and gas data monetization market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oil and gas data monetization market.
The major players covered in the oil and gas data monetization market report are Adastra, CellOS Software Ltd, Connectiva Analytics and Insights Ltd., Dawex Systems, Infosys Limited, ComViva, MNUBO, NETSCOUT, Paxata, Inc., Optiva Inc., SQLstream, Inc., Google, IBM, 101 data Solutions, Accenture, Monetize,Accenture, ALC, Optiva Inc., and SAP SE, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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