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Big Data in Oil & Gas Market to Witness Benefits of Technology Provider’s Efforts to Development Tools Competent in the Industry’s Data Management

Press release Description

Albany, New York, September 5, 2018: Growing volume, velocity, and variety of data in the oil & gas sector has resulted in increasing requirement for novel technologies for integrating and interpreting large amounts of structured and unstructured data. Constant search for efficient solutions by information technology providers has meant that opportunities are imminent for growth of the Big Data in oil & gas market. These insights have been gleaned from the report titled “Big Data in Oil and Gas Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” which has been recently added to Market Research Reports Search Engine’s (MRRSE) repository.

Technology providers are putting immense efforts to discover tools that are competent for processing Big Data in oil & gas industry. The report opines that upsurge in demand for oil is imminent, which in turn has led investments for oil production capacity extension. Avoiding the risk of steep increase in the oil prices is a key factor driving these investments. This need for increased oil exploration & production technologies, coupled with potential of insights derived from data generated in oil & gas sector, will continue to drive growth of the Big Data in oil & gas market.

Leading companies operating in the Big Data in oil & gas market are focusing on improvements in their operational performance by leveraging Big Data solutions, thereby upholding the market expansion. However, falling CAPEX – particularly in resource development, declining oil prices, and IT expenditure in oil & gas sector are key factors that are likely to arrest growth of the Big Data in oil & gas market to a certain extent.

Big Data in Oil & Gas Market: Scope of the Report

The report provides an in-depth analysis on the Big Data in oil & gas market for the period of forecast between 2016 and 2026. All major dynamics – drivers, restraints, trends, and opportunities – playing a major role in growth of the Big Data in oil & gas market have been covered and examined in detail.

The report offers a holistic view of the Big Data in oil & gas market, with the market size evaluated and delivered in terms of revenues (US$ Mn). Key regional segments, namely, South America, Middle East & Africa (MEA), Asia-Pacific (APAC), Europe, and North America have been studied, based on their lucrativeness for growth of the Big Data in oil & gas market.

Big Data in Oil & Gas Market: Research Methodology

The research methodology on which the report on Big Data in oil & gas market has been compiled is proven & tested, and perfect amalgamation of primary & secondary researches and expert panel reviews. Primary interviews have been conducted with leading industry participants and experts to gain up-to-date insights, and validate intelligence obtained from exhaustive secondary researches.

Secondary research sources include investor presentations and SEC filings, external and internal proprietary databases, government publications, and industry white papers. Data collected and analyzed through secondary and primary researches is further examined and verified with the help of validation tools. The report serves as an authentic source of intelligence on Big Data in oil & gas market, so that report readers can make fact-based decisions for future growth direction of their businesses.

Browse Full Global Big Data in Oil & Gas Market Report with TOC :

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