Research projects that the Oil and Gas Data Monetization market size will grow from XX Million USD in 2018 to XX Million USD by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2019 to 2024.
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. 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.
By Market Players:
Accenture, Microsoft Corporation, Northwest Analytics Inc., Oracle Corporation, OSI Soft, Palantir Economic Solutions Ltd, SAP SE, SAS Institute Inc., Capgemini S.A., Cloudera, Inc., EMC Corporation, Datameer, Newgen Software, Inc., Cisco Systems, Inc., Tata Consultancy Services Ltd., Halliburton, Informatica Corporation, Schlumberger Limited, Datawatch, Drillinginfo Inc., General Electric, Hitachi Vantara Corporation, Hortonworks Inc., International Business Machines Corporation, MapR Technologies, Inc.,
Direct Data Monetization, Indirect Data Monetization,
Data-as-a-service, Professional Services, Software/Platform
Upstream, Midstream, Downstream
By E&P Lifecycle
Exploration, Development, Production
By Oil Companies
National Oil Companies (NOCs), Independent Oil Companies (IOCs), National Data Repositories (NDRs), Oil and Gas Service Companies,
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