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Oil and Gas Data Management Market Worth $21.22 Billion by 2020
[May 22, 2015]

Oil and Gas Data Management Market Worth $21.22 Billion by 2020


DALLAS, May 22, 2015 /PRNewswire/ --

According to a new market research report, "Oil and Gas Data Management Market by Type (Information technology infrastructure, Data organization, and Service), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Global Forecast to 2020", published by MarketsandMarkets, The market is expected to grow from $6.08 Billion in 2015 to $21.22 Billion, at a Compound Annual Growth Rate (CAGR) of 28.4% from 2015 to 2020.

Browse 74 market data Tables and 47 Figures spread through 148 Pages and in-depth TOC on"Oil and Gas Data Management Market"

http://www.marketsandmarkets.com/Market-Reports/oil-gas-data-management-market-85567816.html
Early buyers will receive 10% customization on this report.

MarketsandMarkets broadly segments the Oil and Gas Data Management Market by solution (IT infrastructure, data organization, and services, and by region (North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).

The oil and gas data management includes the full life cycle of exploration, refining, storage and transportation data in the Oil and Gas industry from production to end user distribution.   These solutions and strategies are state of the art technology specifically for the oil and gas industry to empower clients to better understand access and manage their data assets. The challenges involved in data management increases with growing volume and velocity of the storage requirements.

The purpose of the IT technology adoption is to maximize oilfield recovery, eliminate non-productive time, and increase profitability through the design and deployment of integrated workflows. Digital oilfield workflows combine business process management with advanced information technology and engineering expertise. The evolution of advanced tecnology in the oil & gas industry will continue to enable geophysical assessment, drilling, exploration & production, refining, transportation and distribution. The Oil and Gas Data Management Market research report analyses market dynamics, future roadmaps and global trends, and also provides competitive intelligence and forecasts over the next five years.



As of 2014, North America is estimated to hold the largest share of the global Oil and Gas Data Management Market, followed by MEA. However, the APAC market is expected to grow at the highest CAGR of 34.3% from 2014 to 2019. The oil and gas industry is rapidly shifting from traditional processes to smarter operations for deploy minimum workforce over remote and offshore exploration sites. SAP, IBM, Wipro, NetApp and Oracle and VMware Inc. are some of the key players in the global software defined data center market.

For more Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=85567816


This report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

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About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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SOURCE MarketsandMarkets


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