The global oil & gas cloud application market has been segmented by application and major sectors. On the basis of application, the market has been segmented as Customer Relationship Management( CRM), Enterprise Content Management( ECM) and Collaboration, Enterprise Resource Planning( ERP), Governance Risk and Compliance( GRC), Data Analytics, Human Capital Management( HCM), Project Portfolio Management( PPM), and Supply Chain Management( SCM). Based on major sector, oil & gas cloud application market has been bifurcated as upstream, midstream, and downstream.
The upstream sector is continuously deploying new platforms, super computers, mainframe computers, distributed stations, and workstations to execute high-performance computing and advanced visualizations coupled with maximum data insights. Furthermore, unlimited computing & storage capacities, ease of deployment, and cost-effective utilization of public cloud system are some of the compelling factors for cloud services deployment in oil and gas industry.
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Regional Analysis:
North America region has been anticipated to lead the global market share owing to escalating adoption of costeffective and scalable cloud solutions for oil and gas processes. Another significant reason for highest growth is the region expected to become the world’ s largest producer of oil along with technological implementation involving cloud, mobility, and other digital inventions.
Mounting partnerships, strategic alliances and agreements has also led to the adoption of digital technologies in oil & gas in North America region. in For instance, Halliburton and Microsoft have brought a strategic alliance to nurture digital transformations through oil and gas industries.
Market Key Players:
Major players in the oil & gas cloud applications markets are IBM, WellEz, Seven Lake Technologies, Oracle, Microsoft, SAP, Cisco Systems, SAS Institute, Hewlett-Packard Company, PetroCloud, TIBCO, and Tableau Software.
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