Big Data in the Oil and Gas Sector Market Report 2025

The big data in the oil and gas sector market size has grown rapidly in recent years. It will grow from $6.07 billion in 2024 to $6.98 billion in 2025 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to enhanced decision-making and improved operational and business performance, the rise of unconventional resources, energy market volatility, demand for effective exploration and production procedures, and economic growth.

The big data in the oil and gas sector market size is expected to see rapid growth in the next few years. It will grow to $11.76 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to growing demand for predictive maintenance, increasing competition in the oil and gas industry, the growing need to optimize production, growing the need for a systematic system to analyze this data, rising need for energy. Major trends in the forecast period include advanced sensor technologies, edge computing advancements, AI and machine learning integration, technological advancements, and increasing collaborations.

The forecast of 13.9% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through restricted access to cloud computing infrastructure and analytics software from global tech hubs like India and Ireland, delaying data-driven decision-making in energy operations. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The anticipated rise in oil and gas production is poised to drive the expansion of big data applications in the oil and gas sector market. Factors contributing to increased production include escalating global energy demand, offshore exploration expansion, infrastructure investments, and regulatory developments. This upsurge presents significant opportunities for deploying big data analytics to enhance operational efficiency, optimize asset performance, bolster safety and environmental standards, and inform strategic decision-making. By integrating and analyzing data from diverse sources, stakeholders can gain comprehensive insights into operations and identify areas for enhancement. Notably, figures from the Energy Information Administration (EIA) indicate that in 2023, US crude oil production averaged 12.4 million barrels per day (b/d), with forecasts projecting a rise to 12.8 million b/d in 2024, underscoring the pivotal role of increasing oil and gas production in fueling the growth of big data in the oil and gas sector market.

Key players in the big data segment within the oil and gas sector market are directing their efforts towards developing innovative solutions to modernize smaller industrial facilities. An example of such innovation is the Nexus OnCore Compact Control System, introduced by Nexus Control, an India-based integrated control solutions provider, in May 2022. This system, comprising multiple autonomous controllers, efficiently manages and controls processes within plants or industrial systems. Offering sophisticated diagnostic capabilities and a digital toolbox akin to a distributed control system (DCS), the Nexus OnCore Compact Control System boasts a compact design suitable for confined spaces typically occupied by programmable logic controllers (PLCs). This advancement translates into heightened efficiency, improved asset understanding, and operational optimization across control applications commonly found in larger facilities.

In April 2023, GE Gas Power, a US-based provider of control systems for gas power plants, completed the acquisition of Nexus Controls for an undisclosed sum. This strategic move aims to consolidate a comprehensive controls business line within GE Gas Power by integrating Nexus Controls' expertise with GE's proprietary Mark Vle controls systems platform. The acquisition enhances the customer experience throughout power plant lifecycles by leveraging Nexus Controls' specialization in industrial automation and control systems, which play a crucial role in the ongoing evolution of the oil and gas sector.

Major companies operating in the big data in the oil and gas sector market are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., Hitachi Vantara LLC, General Electric Company, Accenture plc, International Business Machines Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Schlumberger Limited, Capgemini SE, Baker Hughes Company, Halliburton Company, DXC Technology Company, HCL Technologies Limited, Teradata Corporation, BigPanda Inc., Alteryx Inc., Altair Engineering Inc., Cloudera Inc., Datameer, Inc., Enverus, Northwest Analytics Inc., Hortonworks Inc., MapR Technologies Inc.

North America was the largest region in the big data in the oil and gas sector market in 2024. The regions covered in the big data in the oil and gas sector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the big data in the oil and gas sector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The big data in the oil and gas sector market consists of revenues earned by entities by providing services such as predictive maintenance, exploration and production optimization, supply chain management, and asset integrity management. The market value includes the value of related goods sold by the service provider or included within the service offering. The big data in the oil and gas sector market also includes geospatial analytics, data security and compliance, energy efficiency, reservoir monitoring, and management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are heavily impacting the oil and gas industry, especially in areas such as exploration equipment, pipeline development, and refining operations. Increased import duties on drilling rigs, steel pipes, and specialized machinery have significantly raised capital expenditures across both upstream and downstream segments. Midstream players are grappling with cost surges for essential components like valves, compressors, and storage tanks, causing delays and disruptions in expansion projects. Refiners, meanwhile, are contending with higher expenses for imported catalysts and control systems critical to operational efficiency. In addition, retaliatory tariffs from major trade partners have curtailed U.S. exports of liquefied natural gas (LNG) and crude oil, reducing global competitiveness. In response, companies are ramping up investments in domestic manufacturing alliances, digital asset management tools, and diversified energy portfolios to maintain resilience and protect profitability.

Big data in the oil and gas sector involves leveraging advanced technologies to manage and analyze extensive datasets generated throughout the industry. This process aims to extract actionable insights, optimize operations, and enhance efficiency, safety, and environmental sustainability. Big data analytics plays a crucial role in improving safety within the oil and gas industries by facilitating predictive equipment maintenance, preemptively identifying potential failures, and ensuring safe logistics through sensor analytics.

The primary components of big data encompass hardware, software, and services. Hardware refers to tangible components of computer systems or electronic devices, such as memory, storage, processors, and peripherals. Various data types utilized include structured, unstructured, and semi-structured data, deployed through various modes such as on-premise and cloud-based solutions. Applications of big data in this sector span across upstream, midstream, downstream operations, and administrative functions.

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The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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