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FEATURED COMPANIES
- Emerson Electric Co.
- General Electric Co.
- IBM Corp.
- Intel Corp.
- Microsoft Corp.
- Oracle Corp.
- MORE
Global Digital Transformation Market in the Oil and Gas Industry: About this market
The digital transformation market in the oil and gas industry analysis considers sales from IoT, E&P software, big data, cloud computing, HPC, AI, AR/VR, and data monetization technologies. Our report also considers the sales of the digital transformation market in the oil and gas industry in APAC, Europe, North America, South America, and MEA. In 2018, the IoT segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as creating a safe work environment throughout the value chain will play a significant role in the IoT segment to maintain its market position. Also, our global digital transformation market in the oil and gas industry looks at factors such as rise in investments and partnerships, rising pressure to improve operational efficiency, and growing need for advanced technologies in exploration activities. However, lack of skilled labor, increasing threat of cyberattacks, and increasing data quality and management challenges may hamper the growth of the digital transformation market in the oil and gas industry over the forecast period.
Global Digital Transformation Market in the Oil and Gas Industry: Overview
Growing need for advanced technologies in exploration activities.
The process of exploration of an oilfield is complex as it requires the analysis of vast volumes of data such as environmental data, equipment data, and seismic data to detect new reserves of oil and gas. This is encouraging oil and gas producers to adopt advanced technologies such as big data solutions and AI. Considering the environmental impact and costs of exploration activities, they are also implementing real-time decisions using ML and predictive analysis. This will optimize oil and gas exploration and production operations. Thus, the growing need for advanced technologies will lead to the expansion of the global digital transformation market in the oil and gas industry at a CAGR of almost 16% during the forecast period.
Implementation of mobility solutions in oil and gas sector
Mobility in oil and gas helps enterprises to reduce the time spent on routine activities and provides them with information to address issues and queries. For example, mobile deployment in oil and gas fields for data capture and validation, instead of paper-based forms in daily operations, such as checklist and safety checks, reduces the chances of manual errors and duplications. Connecting an employee's mobile device through a loT of optimizes data transmission across the operations. The integration of mobile devices in everyday operations improves communication, productivity, and safety in the oil fields. Mobility solutions also help oil and gas companies track their employees’ movement and performance by using GPS coordinates of smartphones. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few significant players, the global digital transformation market in the oil and gas industry market is highly concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading manufacturers, that include Emerson Electric Co., General Electric Co., IBM Corp., Intel Corp., Microsoft Corp., Oracle Corp., Rockwell Automation Inc., SAP SE, Tata Consultancy Services Ltd., and Teradata Corp.
Also, the digital transformation market in the oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The digital transformation market in the oil and gas industry analysis considers sales from IoT, E&P software, big data, cloud computing, HPC, AI, AR/VR, and data monetization technologies. Our report also considers the sales of the digital transformation market in the oil and gas industry in APAC, Europe, North America, South America, and MEA. In 2018, the IoT segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as creating a safe work environment throughout the value chain will play a significant role in the IoT segment to maintain its market position. Also, our global digital transformation market in the oil and gas industry looks at factors such as rise in investments and partnerships, rising pressure to improve operational efficiency, and growing need for advanced technologies in exploration activities. However, lack of skilled labor, increasing threat of cyberattacks, and increasing data quality and management challenges may hamper the growth of the digital transformation market in the oil and gas industry over the forecast period.
Global Digital Transformation Market in the Oil and Gas Industry: Overview
Growing need for advanced technologies in exploration activities.
The process of exploration of an oilfield is complex as it requires the analysis of vast volumes of data such as environmental data, equipment data, and seismic data to detect new reserves of oil and gas. This is encouraging oil and gas producers to adopt advanced technologies such as big data solutions and AI. Considering the environmental impact and costs of exploration activities, they are also implementing real-time decisions using ML and predictive analysis. This will optimize oil and gas exploration and production operations. Thus, the growing need for advanced technologies will lead to the expansion of the global digital transformation market in the oil and gas industry at a CAGR of almost 16% during the forecast period.
Implementation of mobility solutions in oil and gas sector
Mobility in oil and gas helps enterprises to reduce the time spent on routine activities and provides them with information to address issues and queries. For example, mobile deployment in oil and gas fields for data capture and validation, instead of paper-based forms in daily operations, such as checklist and safety checks, reduces the chances of manual errors and duplications. Connecting an employee's mobile device through a loT of optimizes data transmission across the operations. The integration of mobile devices in everyday operations improves communication, productivity, and safety in the oil fields. Mobility solutions also help oil and gas companies track their employees’ movement and performance by using GPS coordinates of smartphones. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few significant players, the global digital transformation market in the oil and gas industry market is highly concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading manufacturers, that include Emerson Electric Co., General Electric Co., IBM Corp., Intel Corp., Microsoft Corp., Oracle Corp., Rockwell Automation Inc., SAP SE, Tata Consultancy Services Ltd., and Teradata Corp.
Also, the digital transformation market in the oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
2 of 4
FEATURED COMPANIES
- Emerson Electric Co.
- General Electric Co.
- IBM Corp.
- Intel Corp.
- Microsoft Corp.
- Oracle Corp.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global information technology (IT) spending market
Exhibit 03: Segments of global information technology (IT) spending market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Technology - Market share 2018-2023 (%)
Exhibit 19: Comparison by technology
Exhibit 20: IoT - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: IoT - Year-over-year growth 2019-2023 (%)
Exhibit 22: E&P Software - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: E&P Software - Year-over-year growth 2019-2023 (%)
Exhibit 24: Big Data - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Big Data - Year-over-year growth 2019-2023 (%)
Exhibit 26: Cloud computing - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Cloud computing - Year-over-year growth 2019-2023 (%)
Exhibit 28: HPC - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: HPC - Year-over-year growth 2019-2023 (%)
Exhibit 30: AI - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: AI - Year-over-year growth 2019-2023 (%)
Exhibit 32: AR/VR - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: AR/VR - Year-over-year growth 2019-2023 (%)
Exhibit 34: Data Monetization - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Data Monetization - Year-over-year growth 2019-2023 (%)
Exhibit 36: Market opportunity by technology
Exhibit 37: Customer landscape
Exhibit 38: Market share by geography 2018-2023 (%)
Exhibit 39: Geographic comparison
Exhibit 40: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: North America - Year-over-year growth 2019-2023 (%)
Exhibit 42: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 44: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 46: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 47: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 48: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 49: South America - Year-over-year growth 2019-2023 (%)
Exhibit 50: Key leading countries
Exhibit 51: Market opportunity
Exhibit 52: Impact of drivers and challenges
Exhibit 53: Vendor landscape
Exhibit 54: Landscape disruption
Exhibit 55: Vendors covered
Exhibit 56: Vendor classification
Exhibit 57: Market positioning of vendors
Exhibit 58: Emerson Electric Co. - Vendor overview
Exhibit 59: Emerson Electric Co. - Business segments
Exhibit 60: Emerson Electric Co. - Organizational developments
Exhibit 61: Emerson Electric Co. - Geographic focus
Exhibit 62: Emerson Electric Co. - Segment focus
Exhibit 63: Emerson Electric Co. - Key offerings
Exhibit 64: General Electric Co. - Vendor overview
Exhibit 65: General Electric Co. - Business segments
Exhibit 66: General Electric Co. - Organizational developments
Exhibit 67: General Electric Co. - Geographic focus
Exhibit 68: General Electric Co. - Segment focus
Exhibit 69: General Electric Co. - Key offerings
Exhibit 70: IBM Corp. - Vendor overview
Exhibit 71: IBM Corp. - Business segments
Exhibit 72: IBM Corp. - Organizational developments
Exhibit 73: IBM Corp. - Geographic focus
Exhibit 74: IBM Corp. - Segment focus
Exhibit 75: IBM Corp. - Key offerings
Exhibit 76: Intel Corp. - Vendor overview
Exhibit 77: Intel Corp. - Business segments
Exhibit 78: Intel Corp. - Organizational developments
Exhibit 79: Intel Corp. - Geographic focus
Exhibit 80: Intel Corp. - Segment focus
Exhibit 81: Intel Corp. - Key offerings
Exhibit 82: Microsoft Corp. - Vendor overview
Exhibit 83: Microsoft Corp. - Business segments
Exhibit 84: Microsoft Corp. - Organizational developments
Exhibit 85: Microsoft Corp. - Geographic focus
Exhibit 86: Microsoft Corp. - Segment focus
Exhibit 87: Microsoft Corp. - Key offerings
Exhibit 88: Oracle Corp. - Vendor overview
Exhibit 89: Oracle Corp. - Business segments
Exhibit 90: Oracle Corp. - Organizational developments
Exhibit 91: Oracle Corp. - Geographic focus
Exhibit 92: Oracle Corp. - Segment focus
Exhibit 93: Oracle Corp. - Key offerings
Exhibit 94: Rockwell Automation Inc. - Vendor overview
Exhibit 95: Rockwell Automation Inc. - Business segments
Exhibit 96: Rockwell Automation Inc. - Organizational developments
Exhibit 97: Rockwell Automation Inc. - Geographic focus
Exhibit 98: Rockwell Automation Inc. - Segment focus
Exhibit 99: Rockwell Automation Inc. - Key offerings
Exhibit 100: SAP SE - Vendor overview
Exhibit 101: SAP SE - Business segments
Exhibit 102: SAP SE - Organizational developments
Exhibit 103: SAP SE - Geographic focus
Exhibit 104: SAP SE - Segment focus
Exhibit 105: SAP SE - Key offerings
Exhibit 106: Tata Consultancy Services Ltd. - Vendor overview
Exhibit 107: Tata Consultancy Services Ltd. - Business segments
Exhibit 108: Tata Consultancy Services Ltd. - Organizational developments
Exhibit 109: Tata Consultancy Services Ltd. - Geographic focus
Exhibit 110: Tata Consultancy Services Ltd. - Segment focus
Exhibit 111: Tata Consultancy Services Ltd. - Key offerings
Exhibit 112: Teradata Corp. - Vendor overview
Exhibit 113: Teradata Corp. - Business segments
Exhibit 114: Teradata Corp. - Organizational developments
Exhibit 115: Teradata Corp. - Geographic focus
Exhibit 116: Teradata Corp. - Segment focus
Exhibit 117: Teradata Corp. - Key offerings
Exhibit 118: Validation techniques employed for market sizing
Exhibit 119: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by technology
- Comparison by technology
- IoT - Market size and forecast 2018-2023
- E&P Software - Market size and forecast 2018-2023
- Big Data - Market size and forecast 2018-2023
- Cloud computing - Market size and forecast 2018-2023
- HPC - Market size and forecast 2018-2023
- AI - Market size and forecast 2018-2023
- AR/VR - Market size and forecast 2018-2023
- Data Monetization - Market size and forecast 2018-2023
- Market opportunity by technology
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Use of digital twin technology
- Rise in edge computing
- Implementation of mobility solutions in oil and gas sector
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Emerson Electric Co.
- General Electric Co.
- IBM Corp.
- Intel Corp.
- Microsoft Corp.
- Oracle Corp.
- Rockwell Automation Inc.
- SAP SE
- Tata Consultancy Services Ltd.
- Teradata Corp.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global information technology (IT) spending market
Exhibit 03: Segments of global information technology (IT) spending market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Technology - Market share 2018-2023 (%)
Exhibit 19: Comparison by technology
Exhibit 20: IoT - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: IoT - Year-over-year growth 2019-2023 (%)
Exhibit 22: E&P Software - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: E&P Software - Year-over-year growth 2019-2023 (%)
Exhibit 24: Big Data - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Big Data - Year-over-year growth 2019-2023 (%)
Exhibit 26: Cloud computing - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Cloud computing - Year-over-year growth 2019-2023 (%)
Exhibit 28: HPC - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: HPC - Year-over-year growth 2019-2023 (%)
Exhibit 30: AI - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: AI - Year-over-year growth 2019-2023 (%)
Exhibit 32: AR/VR - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: AR/VR - Year-over-year growth 2019-2023 (%)
Exhibit 34: Data Monetization - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Data Monetization - Year-over-year growth 2019-2023 (%)
Exhibit 36: Market opportunity by technology
Exhibit 37: Customer landscape
Exhibit 38: Market share by geography 2018-2023 (%)
Exhibit 39: Geographic comparison
Exhibit 40: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: North America - Year-over-year growth 2019-2023 (%)
Exhibit 42: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 44: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 46: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 47: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 48: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 49: South America - Year-over-year growth 2019-2023 (%)
Exhibit 50: Key leading countries
Exhibit 51: Market opportunity
Exhibit 52: Impact of drivers and challenges
Exhibit 53: Vendor landscape
Exhibit 54: Landscape disruption
Exhibit 55: Vendors covered
Exhibit 56: Vendor classification
Exhibit 57: Market positioning of vendors
Exhibit 58: Emerson Electric Co. - Vendor overview
Exhibit 59: Emerson Electric Co. - Business segments
Exhibit 60: Emerson Electric Co. - Organizational developments
Exhibit 61: Emerson Electric Co. - Geographic focus
Exhibit 62: Emerson Electric Co. - Segment focus
Exhibit 63: Emerson Electric Co. - Key offerings
Exhibit 64: General Electric Co. - Vendor overview
Exhibit 65: General Electric Co. - Business segments
Exhibit 66: General Electric Co. - Organizational developments
Exhibit 67: General Electric Co. - Geographic focus
Exhibit 68: General Electric Co. - Segment focus
Exhibit 69: General Electric Co. - Key offerings
Exhibit 70: IBM Corp. - Vendor overview
Exhibit 71: IBM Corp. - Business segments
Exhibit 72: IBM Corp. - Organizational developments
Exhibit 73: IBM Corp. - Geographic focus
Exhibit 74: IBM Corp. - Segment focus
Exhibit 75: IBM Corp. - Key offerings
Exhibit 76: Intel Corp. - Vendor overview
Exhibit 77: Intel Corp. - Business segments
Exhibit 78: Intel Corp. - Organizational developments
Exhibit 79: Intel Corp. - Geographic focus
Exhibit 80: Intel Corp. - Segment focus
Exhibit 81: Intel Corp. - Key offerings
Exhibit 82: Microsoft Corp. - Vendor overview
Exhibit 83: Microsoft Corp. - Business segments
Exhibit 84: Microsoft Corp. - Organizational developments
Exhibit 85: Microsoft Corp. - Geographic focus
Exhibit 86: Microsoft Corp. - Segment focus
Exhibit 87: Microsoft Corp. - Key offerings
Exhibit 88: Oracle Corp. - Vendor overview
Exhibit 89: Oracle Corp. - Business segments
Exhibit 90: Oracle Corp. - Organizational developments
Exhibit 91: Oracle Corp. - Geographic focus
Exhibit 92: Oracle Corp. - Segment focus
Exhibit 93: Oracle Corp. - Key offerings
Exhibit 94: Rockwell Automation Inc. - Vendor overview
Exhibit 95: Rockwell Automation Inc. - Business segments
Exhibit 96: Rockwell Automation Inc. - Organizational developments
Exhibit 97: Rockwell Automation Inc. - Geographic focus
Exhibit 98: Rockwell Automation Inc. - Segment focus
Exhibit 99: Rockwell Automation Inc. - Key offerings
Exhibit 100: SAP SE - Vendor overview
Exhibit 101: SAP SE - Business segments
Exhibit 102: SAP SE - Organizational developments
Exhibit 103: SAP SE - Geographic focus
Exhibit 104: SAP SE - Segment focus
Exhibit 105: SAP SE - Key offerings
Exhibit 106: Tata Consultancy Services Ltd. - Vendor overview
Exhibit 107: Tata Consultancy Services Ltd. - Business segments
Exhibit 108: Tata Consultancy Services Ltd. - Organizational developments
Exhibit 109: Tata Consultancy Services Ltd. - Geographic focus
Exhibit 110: Tata Consultancy Services Ltd. - Segment focus
Exhibit 111: Tata Consultancy Services Ltd. - Key offerings
Exhibit 112: Teradata Corp. - Vendor overview
Exhibit 113: Teradata Corp. - Business segments
Exhibit 114: Teradata Corp. - Organizational developments
Exhibit 115: Teradata Corp. - Geographic focus
Exhibit 116: Teradata Corp. - Segment focus
Exhibit 117: Teradata Corp. - Key offerings
Exhibit 118: Validation techniques employed for market sizing
Exhibit 119: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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4 of 4
FEATURED COMPANIES
- Emerson Electric Co.
- General Electric Co.
- IBM Corp.
- Intel Corp.
- Microsoft Corp.
- Oracle Corp.
- MORE
The following companies are recognised as the key players in the global digital transformation market in the oil and gas industry: Emerson Electric Co., General Electric Co., IBM Corp., Intel Corp., Microsoft Corp., Oracle Corp., Rockwell Automation Inc., SAP SE, Tata Consultancy Services Ltd., and Teradata Corp.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the implementation of mobility solutions in oil and gas sector.”
According to the report, one of the major drivers for this market is the growing need for advanced technologies in exploration activities.
Further, the report states that one of the major factors hindering the growth of this market is the increasing data quality and management challenges.
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.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the implementation of mobility solutions in oil and gas sector.”
According to the report, one of the major drivers for this market is the growing need for advanced technologies in exploration activities.
Further, the report states that one of the major factors hindering the growth of this market is the increasing data quality and management challenges.
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.
Note: Product cover images may vary from those shown
5 of 4
- Emerson Electric Co.
- General Electric Co.
- IBM Corp.
- Intel Corp.
- Microsoft Corp.
- Oracle Corp.
- Rockwell Automation Inc.
- SAP SE
- Tata Consultancy Services Ltd.
- Teradata Corp.
Note: Product cover images may vary from those shown
