Global IT Spending Market in the Oil and Gas Industry 2016-2020

  • ID: 3723323
  • Report
  • Region: Global
  • 60 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • CGI Group
  • Dell
  • Hitachi
  • Indra Sistemas
  • SAP
  • MORE
About Global IT Spending in the Oil and Gas Industry

The oil and gas industry includes processes of hydrocarbon exploration, extraction, refining, and transportation. The finished product is transported by tankers and pipelines and is subsequently marketed. The industry's largest volume products are fuel oil and gasoline. Products such as petroleum are often used as the raw material to manufacture fertilizers, solvents, pharmaceuticals, plastics, and pesticides. The overall industry is divided into three major components, upstream, midstream, and downstream operations.

The oil and gas industry has exerted significant efforts to boost operational ef?ciency and reduce costs. To that end, information technologies have emerged as a core component of almost all industry operations, from extraction to logistics and sales.

The analysts forecast the Global IT Spending in Oil and Gas Industry to generate revenues of USD 48.54 billion during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Global IT Spending in Oil and Gas Industry for 2016-2020.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global IT Spending in Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Dell
- IBM
- Infosys
- SAP

Other prominent vendors
- ABB
- Alcatel-Lucent
- Capgemini
- CGI Group
- Cisco Systems
- CSC
- GE Oil and Gas
- Hitachi
- Huawei Technologies
- Indra Sistemas
- HCL Technologies
- Oracle
- Siemens
- TCS
- Tech Mahindra
- Wipro

Market drivers
- Enhances resource efficiency

Market challenges
- Increased complexity of operation process

Market trends
- Digital oil field framework

Key questions answered in this report

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • ABB
  • CGI Group
  • Dell
  • Hitachi
  • Indra Sistemas
  • SAP
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Economic overview

PART 06: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 07: Market segmentation by category
  • Segmentation of global IT spending in oil and gas industry by category
  • Hardware
  • Software
  • Services
PART 08: Geographical segmentation
  • Segmentation of global IT spending in oil and gas industry by geography
  • Americas
  • EMEA
  • APAC
PART 09: Market drivers
  • Aids in optimizing production
  • Enable cost-effective inspections
  • Enhances efficiency of resources
  • Provision of security solutions
PART 10: Impact of drivers

PART 11: Market challenges
  • Need for quick building of multidisciplinary technical expertise in workforce
  • Increased complexity of operation process
  • Reduced profitability of oil and gas providers
  • Compliance with regulations and guidelines
PART 12: Impact of drivers and challenges

PART 13: Market trends
  • Digital oil field framework
  • Big data analytics
  • Wireless technologies
  • Mobility management
PART 14: Vendor landscape
  • Competitive landscape
  • Major vendors
  • Other prominent vendors
PART 15: Key vendor analysis
  • Dell
  • IBM
  • Infosys
  • SAP
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits

Exhibit 01: Countries covered for market analysis
Exhibit 02: Product offerings
Exhibit 03: IT solutions offered in oil and gas industry
Exhibit 04: Global IT spending in oil and gas industry ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Segmentation of global IT spending by category in oil and gas industry 2015
Exhibit 07: Segmentation of global IT spending by category in oil and gas industry 2020
Exhibit 08: Segmentation of global IT spending in oil and gas industry by category 2015-2020 ($ billions)
Exhibit 09: Segmentation of global IT spending in oil and gas industry by category 2015-2020
Exhibit 10: Global IT spending on hardware in oil and gas industry 2015-2020 ($ billions)
Exhibit 11: Global IT spending on software in oil and gas industry 2015-2020 ($ billions)
Exhibit 12: Global IT spending in oil and gas industry on services 2015-2020 ($ billions)
Exhibit 13: Segmentation of global IT spending in oil and gas industry by geography 2015
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers and challenges
Exhibit 16: Service map of digital oilfield services offered by prevalent vendors
Exhibit 17: Dell: Energy industry service offerings
Exhibit 18: IBM: Oil and gas industry service offerings
Exhibit 19: Infosys: Service offerings
Exhibit 20: Infosys: Oil and gas industry offerings
Exhibit 21: SAP: Oil and gas solutions
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FEATURED COMPANIES

  • ABB
  • CGI Group
  • Dell
  • Hitachi
  • Indra Sistemas
  • SAP
  • MORE
New Report Released: - Global IT Spending in Oil and Gas Industry 2016-2020

The author of the report recognizes the following companies as the key players in the Global IT Spending in Oil and Gas Industry: Dell, IBM, Infosys, and SAP.

Other Prominent Vendors in the market are: ABB, Alcatel-Lucent, Capgemini, CGI Group, Cisco Systems, CSC, GE Oil and Gas, Hitachi, Huawei Technologies, Indra Sistemas, HCL Technologies, Oracle, Siemens, TCS, Tech Mahindra, and Wipro.

Commenting on the report, an analyst from the research team said: “A noteworthy trend is the development of digital oil field frameworks. The need to boost production and asset performance has enabled oil and gas enterprises to automate workflows and integrate business processes across upstream operations. It has prompted the integration of information technologies that enable better collaboration and real-time operations. The digital oil field basically comprises technology-centric solutions that help enterprises to leverage limited resources.”

According to the report, a key growth driver is the enhanced efficiency of resources. The adopted methodologies for consistent monitoring generate more than a terabyte of data by a single field per day. This has created a requirement for reliable and consistent data access and analysis. Data is collected to measure pump performance, pressure changes, fluid composition, and temperature changes. Such data is complex and voluminous and the transferring of such forms of data across unconnected, disparate architecture often slows down interdepartmental communications. However, an IT-enabled approach helps deliver business value by enabling companies to turn raw data into actionable information.

Further, the report states that one challenge that could hamper market growth is the increased complexity of the operations process.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Dell
- IBM
- Infosys
- SAP
- ABB
- Alcatel-Lucent
- Capgemini
- CGI Group
- Cisco Systems
- CSC
- GE Oil and Gas
- Hitachi
- Huawei Technologies
- Indra Sistemas
- HCL Technologies
- Oracle
- Siemens
- TCS
- Tech Mahindra
- Wipro
Note: Product cover images may vary from those shown
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