Oil & Gas Analytics Market Size 2016 - 2024 oct 2016 | Page 3

Oil & Gas Analytics Market

Downstream application accounted for around 30% of the global oil & gas analytics market share in 2015.
Downstream application segment includes oil & gas analytics services such as refining and separation
processes optimization, liquefaction and regasification assessment, demand and supply optimization, trade
optimization, price optimization, risk management, personnel safety assessment, market analysis, and
marketing and sales assessment. The downstream application segment is expected to grow at a fast rate
during the forecast period owing to increasing utilization of oil & gas analytics for refining processes and
corporate functions.
The global market for oil & gas analytics has been segmented on the basis of geography into North
America, Europe, Asia Pacific, Middle East & Africa (MEA), and South & Central America. North America
accounted for more than 40% of the global market share in 2015. However, the Middle East and Africa
(MEA) oil & gas analytics market is expected to grow at the fastest rate during the forecast period. Asia
Pacific is anticipated to be the second-fastest growing market for oil & gas analytics services.
Some of the leading companies in the global oil & gas analytics market include SAP SE, Oracle Corporation,
IBM Analytics, Drillinginfo Inc., Accenture Plc, Microsoft Corporation, SAS Institute Inc., Deloitte
Development LLC, KPMG International Cooperative, Teradata Corporation, Capgemini S.A., Hitachi Data
Systems Corporation, Cognizant Technology Solution Corporation, TIBCO Software Inc., and Tableau
Software Inc. The report provides an overview of these companies, followed by their financial revenues (on
availability), business strategies, and recent developments. The global oil & gas analytics market has been
segmented as follows:

Global Oil & Gas Analytics Market: Application Analysis

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Upstream

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Midstream

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Downstream

Global Oil & Gas Analytics Market: Regional Analysis

North America

U.S.

Transparency Market Research

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