Oil and Gas Data Management Market
The global oil and gas data management market is growing at a significant pace . This growth can be attributed to reasons such as greater reliance on information technology to increase oilfield recovery and to reduce nonproductive activities , advancements and innovations made in technology , increasing research and development and launching of new products in this field to increase efficient data management . In addition , several new companies are providing niche solutions at competitive prices in the global market , which is expected to accelerate the growth of the market . However , there are certain factors , which restrain the global oil and gas data management market growth . They include lack of awareness about the benefits of oil and gas data management , high initial investment required to implement a data management solution , increasing level of challenges arising due to the growing volume and velocity of the data and high time , costs , and risks associated with managing and moving data .
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Global Oil and Gas Data Management Market : Regional Analysis The largest share in the global oil and gas data management market is seen by the North American region . This growth is expected to be followed by Asia Pacific . Owing to the large reserves of oil and gas in the Middle East region , the demand for oil and gas data management is expected to grow rapidly in the Middle East and Africa . Also contributing towards the growth in this region is the emergence of many new companies . A significant share is also contributed by Europe and Latin America in the global oil and gas data management market .
Global Oil and Gas Data Management Market : Competitive Players Some of the major companies in the global oil and gas data management market are Wipro , IBM , Infosys , DataCo , TCS , Teradata , SAP , Capgemini , VMware Inc ., Oracle , and NetApp .
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