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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