The oil and gas industry has been slow to adopt big data when compared to other industries, such as finance or marketing. However, the market is set for strong growth over the next 10 years as oil and gas companies begin to come to terms with how big data can improve their operations, particularly in the upstream sector. Visiongain assesses that spending by the oil and gas industry on big data will total US$3.51 billion in 2015.
The report will answer questions such as:
- What are the prospects for big data in oil and gas?
- How much is currently being spent by oil and gas companies on big data and how are they using it?
- Why has oil and gas been slower to adopt big data than other industries?
- How are oil prices affecting the market for big data in oil and gas?
- Which oil and gas companies are currently using big data?
- Who are the key players offering big data hardware, software and services?
- Which application submarket (upstream, midstream and downstream) will see the greatest growth over the next 10 years?
The report provides in-depth analysis and spending forecasts for four big data in oil and gas submarkets, broken down by spending type, from 2015 - 2025.
The report also offers in-depth analysis and spending forecasts for four big data in oil and gas submarkets, broken down by application area, from 2015 - 2025. Such areas would include upstream, midstream, downstream etc.
The report also includes transcripts of nine in-depth interviews with companies involved in the market for big data in oil and gas, providing expert insight alongside Visiongain's forecasts and analysis.
Read the full report here.
Edited from source by Stephanie Roker
Read the article online at: https://www.hydrocarbonengineering.com/product-news/26082016/new-visiongain-report-on-big-data/