Oil and Gas Data Monetization Market 2023 Gross Margin, Opportunities and Forecast 2028

Newest Research on “Oil and Gas Data Monetization Market” – Forecast by Top Regions 2023-2028

Oil and gas companies are turning the large volume and variety of data into intelligence for improved asset productivity. Real-time data analysis is essential for deriving value out of unstructured data generated from sensors present in the oil field. Predictive and prescriptive analytics are the approaches that help oil and gas companies to minimize expenses and earn money by turning this data into valuable assets.The creation and consumption of data continues to grow in the oil and gas industry and with it, the investment in data analytics and data management software and services.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Oil and Gas Data Monetization estimated at USD 21900 million in the year 2022, is projected to reach a revised size of USD 39840 million by 2028, growing at a CAGR of 10.5% during the forecast period 2022-2028.
Data monetization can be used to leverage insights to identify new revenue opportunities, trigger product, process & service innovation and optimization, improve production, and enhance service quality in the oil and gas industry. Large proven oil reserves in Venezuela, Saudi Arabia, Canada, Iran, Iraq, Kuwait, UAE, Russia, the U.S. and China brings an opportunity to drive growth of the oil and gas data monetization market as there is significant growth opportunity for adoption of indirect data monetization i.e. the software and services for driving insights for development of these fields and direct data monetization i.e. mainly the exploration data products. Seismic surveys and geophysical surveys conducted in these regions to find new exploration sites and their potential, and the anticipated use of software solutions will continue to drive the market over the forecast period.

Major Product Types of Oil and Gas Data Monetization covered are:

  • Data-as-a-service
  • Professional Services
  • Software/Platform

    Major Applications of Oil and Gas Data Monetization covered are:

  • National Oil Companies (NOCs)
  • Independent Oil Companies (IOCs)
  • National Data Repositories (NDRs)
  • Oil and Gas Service Companies

    key players operating in the Oil and Gas Data Monetization market

  • Halliburton
  • Schlumberger
  • Informatica
  • SAP SE
  • Oracle
  • Accentureplc
  • IBM
  • EMC
  • Microsoft
  • Tata Consultancy Services
  • Datawatch
  • Drillinginfo
  • Hitachi Vantara
  • Hortonworks
  • Capgemini
  • Newgen Software
  • Cloudera
  • Cisco Software
  • MapR Technologies
  • Palantir Solutions
  • OSIsoft

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