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Call for Precision in terms of Real-time Data Analysis to accelerate the Oil & Gas Monetization Market

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Oil & gas companies are seen turning data into intelligence to obtain improved productivity. This demand for real-time analysis is the major factor driving the oil & gas data monetization market, states Persistence Market Research

Oil & Gas Data Monetization Market Dynamics

The global oil & gas monetization market, by method, spans indirect and direct. By component, it’s oil & gas data-as-a-service monetization, professional oil & gas data monetization services, and oil & gas data monetization software/platform. BY application, it’s upstream (conventional and unconventional), midstream, and downstream.

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By E&P lifecycle, it’s oil & gas exploration data monetization, oil & gas development data monetization, and oil & gas production data monetization. By oil companies, it’s NOCs (National Oil Companies), Independent Oil Companies (IOCs), National Data Repositories (NDRs), and oil & gas service companies. Persistence Market Research has mentioned about these facts with future perspectives in its latest market study entitled “Oil & gas Data Monetization Market”.

oil-and-gas-data-monetization-market

Region-wise Snapshot

The Asia-Pacific holds the largest market share with Japan and China leading from the front. Europe comes in second with the UK dominating the market, followed by North America. MEA is also not behind. LATAM is also expected to pick up pace in the near future in this regard. This could be attributed to increase in demand for oil & gas. Persistence Market Research has, with the help of its analysts and consultants, etched these facts with insights in its latest market study entitled “Oil & Gas Data Monetization Market”.

Competitive Landscape

Persistence Market Research has profiled the key players in oil & gas monetization market as Accenture plc, Adastra Corporation, ALC, Dawex, IBM Corporation, Intel Corporation, Comviva, Aspen Technology, NETSCOUT, Paxata, Inc., Optiva Inc., SAP SE, SQLstream, Inc., and Virtusa Corporation. It has also mentioned about the key developments in the oil & gas data monetization market.

For instance – Oracle, in November 2019, did announce a novel cloud-native deployment option pertaining to BRM. This model makes way for modern monetization solution for capturing opportunities. It would extend support to the upcoming 5G-enabled use cases pertaining to CSPs. Microsoft, in July 2019, tabled a new-fangled Microsoft Azure service. This cloud service ought to aid organizations in sharing the internal data. Salesforce, in June 2019, announced acquiring Tableau. Thus, the former’s CRM platform would be combined with the latter’s data.

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What Next?

The global oil & gas data monetization market is expected to grow on a good note in the next 10 years – Persistence Market Research

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