Big Data in Oil and Gas Sector Market to Expand Robustly in 2024| General Electric, IBM, Oracle

The latest study released on the global 'Big Data in Oil and Gas Sector' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Big Data in Oil and Gas Sector' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Get free access to Sample Report in PDF Version along with Graphs and Figures @ https://www.advancemarketanalytics.com/sample-report/129401-global-big-data-in-oil-and-gas-sector-market?utm_source=OpenPR/utm_medium=Rahul

Some of the key players profiled in the study are:
General Electric (United States), IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Teradata Corporation (United States), Hitachi Vantara Corporation (United States), Drillinginfo, Inc. (United States), Microsoft Corporation (United States), Palantir Economic Solutions Ltd. (United Kingdom), Northwest Analytics Inc. (United States), Hortonworks Inc. (United States), MapR Technologies (United States)
Oil and gas sector dealt with huge amounts of data such as Seismic, logs, surveying, and real-time measurement data. The decisions and processes that relate to the exploration of oil and natural gas, developing and producing acquire big data amounts. Big Data (also called Big Data Analytics or business analytics) makes it possible to gather and transmit information more effectively. The oil & gas industries are using Big Data technologies to collect, manage, and rapidly analyze seismic drilling and production data. It also helps them to have new insights that assist in improving drilling and production performance. Using Big Data in the oil and gas sector will improve the efficiency of the oil and gas industry. The onshore, as well as offshore platforms, are looking to Big Data as a new way to improve processes and productivity. This will boost the market growth in upcoming years,

In October 2017, Hitachi Vantara launched Pentaho 8.0, the next generation of its Pentaho data integration and analytics platform software. This software provides support for Spark and Kafka to improve data and stream processing to provide real-time data processing to fast track digital insights. Also, it has the ability to easily match compute resources with business demand in real-time.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Big Data in Oil and Gas Sector Market various segments and emerging territory.

Influencing Market Trend
• Adoption of Blockchain Solutions to Improve Big Data Security
• Drone Technology
Market Drivers
• Increasing Integrating of Artificial Intelligence and Machine Learning by Oil & Gas Industry
• Increasing Exploration and Production Activity
• Reducing Costs and Implementations
Opportunities:
• Increasing Use of Big Data Analytics
• Digitization of Oilfields in Middle East Countries such as Saudi Arabia
Challenges:
• Lack of Awareness and Business Support
• Lack of Skilled Personnel

Analysis by Type (Services, Software), Application (Upstream {Exploration, Drilling, Reservoir Engineering, Production Engineering}, Midstream {Transportation Monitoring, Environmental Monitoring, Predictive Maintenance}, Downstream {Refining, Transportation, Health and Safety Executive (HSE), Retail}), End User Industry (Oil Industry, Gas Industry)

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The regional analysis of Global Big Data in Oil and Gas Sector Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/129401-global-big-data-in-oil-and-gas-sector-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global Big Data in Oil and Gas Sector market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Big Data in Oil and Gas Sector market.

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This release was published on openPR.