Oil & Gas Data Management Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

Introduction

Data management software helps the businesses and organizations to manage and access the data efficiently on the real time basis. The number of software development providers and vendors are laying importance on enhancement of this software by means of integrating value added processing including data analytics, regulatory compliance management tools, data warehousing, and other characteristics for instance process design control. Moreover, data management mainly incorporates a set of recent generation technologies and architectures. They are specially designed to extract important data from huge volume of structured or unstructured information by enabling high velocity capture and analysis.

Market Dynamics

Growing popularity of predictive analytics solutions & real time analysis, performance improvement & operational efficiency, and rising awareness between the end-users are some of the major factors driving the growth of the market during the forecast period 2018-2026. Growing adoption of IOT and AI is expected to improve the large scale implementation of data management software by large and small scale organizations in the oil and gas market. Additionally, the other factors such as next generation data center evolution, cloud platform adoption, and cost effective & flexible data management solutions are increasing the demand for the market.  However, lack of data security and misuse of gathered information are some of the restraining factors for the growth of the market.

Market Classification and Overview

The global oil and gas data management market is segmented into deployment, type, and region.

On the basis of deployment, the market is segmented into solution and services. The solution deployment is sub segmented into corporate data management system, project data management system, and others. Whereas, the services deployment is again sub segmented into consulting & planning, integration & implementation, operation & maintenance.

Based on the type, the market is segmented into IT infrastructure, data organization, and others

Regional Overview

Regionally, the global oil and gas data management market is bifurcated into four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America is expected to hold the major share during the forecast period 2018-2026 owing to the increasing number of mid-sized and small enterprises are inclining towards data management software. The growing IT infrastructure especially in U.S. and Canada is one of the major factor driving the market in this region.

Asia Pacific is expected to witness a significant growth owing to the increasing adoption rate of digitalization in data management. Additionally, the change in oil and gas policies and increase in need for advanced analytics solutions and services in oil and gas industries is propelling the growth of the market in this region.

Europe is expected to show the healthy growth during the forecasted period owing to the increasing IT population and industrialization. Additionally, LAMEA is expecting a steady growth due to the limited availability of efficient infrastructure.

Report Coverage

Market Participants

Some of the major player in the oil and gas data management market are: Capgemini S.A., EMC Corporation, IBM Corporation, Newgen Software, Inc., Cisco Systems, Inc., SAP SE, Tata Consultancy Services Ltd., Oracle Corporation, Halliburton, Informatica Corporation, and Schlumberger Limited.

Market Segmentation

Market By Deployment

• Solution
  • Corporate/Enterprise Data Management System
  • Project Data Management System
  • National Data Repository
• Services
•  Consulting & Planning
• Integration & Implementation
• Operation & Maintenance

Market By Type

• IT Infrastructure
• Data Organization
• Others

• US
• Canada
• Mexico

• UK
• Germany
• France
• Rest of Europe

• China
• Japan
• India
• Australia
• Rest of Asia-Pacific

• Brazil
• Rest of Latin America

• South Africa
• Saudi Arabia
• Rest of MEA