LONDON--(BUSINESS WIRE)--Aug 23, 2018--According to the latest market research report released by Technavio, the global big data market in the oil and gas sector is expected to accelerate at a CAGR of close to 13% during the forecast period. The demand for quick data access is one of the key factors triggering the growth of the market.

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Technavio has published a new market research report on the global big data market in the oil and gas sector from 2018-2022. (Graphic: Business Wire)

This research report titled provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global big data market in the oil and gas sector into the following products:

Software Services

In 2017, the services segment accounted for 59.88% of the global market and is projected to reach 60.09% by 2022, exhibiting almost 0.21% increase in market share.

Global big data market in the oil and gas sector: Top emerging trend

Use of predictive analytics in the oil and gas industry is an emerging trend in the enterprise application space. Several enterprises in the oil and gas industry have identified predictive analytics as one way to accelerate decision making. These organizations have started using collaborative unstructured and structured data to enhance pattern recognition that can improve the optimization of oil and gas operations. Furthermore, there has been an aggressive introduction of user-friendly predictive modeling tools, which are offered either independently or as embedded features of big data solutions. These features include interactive visualization and automation. This will not only accelerate methods for developing, ascertaining, and analyzing predictive models, but also boost the growth of the global market during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Big Data Market in the Oil and Gas Sector Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by product (software and services)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (GE, HPE, IBM, Oracle, and Teradata)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180823005424/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS TECHNOLOGY DATA MANAGEMENT

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/23/2018 09:03 AM/DISC: 08/23/2018 09:03 AM

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