“Oil And Gas Cloud Applications Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on oil and gas cloud applications market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for oil and gas cloud applications ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oil and gas cloud applications market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Component: Solutions; Services
- 2) By Operation: Upstream; Midstream; Downstream
- 3) By Deployment Model: Hybrid; Private; Public
- Companies Mentioned: Capgemini S.A.; Citrix Systems Inc.; TIBCO Software Inc.; Cisco Systems Inc.; Oracle Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the oil and gas cloud applications market are Capgemini S.A., Citrix Systems Inc., TIBCO Software Inc., Cisco Systems Inc., Oracle Corporation, Tableau Software, Salesforce Inc., Dassault Systemes SE, ABB Ltd., Infor, Bentley Systems, PetroDE, The Hewlett Packard Enterprise, IBM Corporation, Seven Lakes Technologies, HCL Technologies Limited, WellEz Information Management LLC, and PetroCloud LLC.
The global oil and gas cloud applications market is expected to grow from $6.01 billion in 2022 to $6.91 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oil and gas cloud applications market is expected to grow to $11.72 billion in 2027 at a CAGR of 14.1%.
The oil and gas cloud applications market consists of revenues earned by entities by providing cloud application services such as storing, managing, and processing data to improve various oil and gas operations. The market value includes the value of related goods sold by the service provider or included within the service offering. The oil and gas cloud applications market also includes sales of hardware such as server, switches, routers, firewalls, and storage arrays which are used in providing oil and gas cloud application services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Oil and gas cloud applications are software solutions provided by cloud-based service providers especially for the oil and gas sector. These companies can use cloud applications to quickly and cheaply evaluate enormous amounts of data in real-time and lessen any future unanticipated failures.
North America was the largest region in the oil and gas cloud applications market in 2022. The regions covered in the oil and gas cloud applications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components of oil and gas cloud applications are solutions and services. Oil and gas cloud applications solutions consist of various offerings from web-hosting services to integrating technologies by several enterprises and reducing the overall operational cost. The various operations involved are upstream, midstream, and downstream that are deployed through various models such as hybrid, private and public.
The growing adoption of private cloud for encryption of data is expected to propel the oil and gas cloud application market going forward. Cloud encryption is the act of converting data from its original plain text format to an unreadable format, such as ciphertext before it is sent to and stored in the cloud. One of the most effective elements of the company's cybersecurity approach is encryption. Without the encryption keys, cloud encryption renders the data useless and incomprehensible. This holds even if the data is misplaced, taken, or disclosed to an unauthorized user. Thus, the adoption of private cloud for encryption of data is creating demand for cloud applications in oil and gas sector. For instance, according to the report published by Help Net Security, a Croatia-based independent site, focusing on information security, in June 2021, in the Middle East, the adoption of encryption for private cloud infrastructure has increased by 8%. As more data is moved to the cloud, there is an increasing need for cloud security. Therefore, the growing adoption of private clouds for the encryption of data is driving the growth of the oil and gas cloud application market.
Technological advancements have emerged as the key trend gaining popularity in the oil and gas cloud application market. Major companies operating in the oil and gas cloud application market are developing innovative technologies to strengthen their position in the market. For instance, in April 2020, Zyfra, a Russia-based industrial digitalization provider, launched a cloud-based version of its MDCplus real-time machine monitoring and manufacturing data collection system. Through remote monitoring of personnel, operations, and equipment performance, MDCplus's special features allow for cost-effective assessment, improvement, and decrease of OEE (Overall Equipment Effectiveness). Machine utilization is significantly improved by MDCplus's measurement of energy consumption and aggregate data collection from all machine kinds. Monitoring of the equipment boosts output efficiency by 20%. 9000 CNC machines are connected to Zyfra's MDCplus solution for real-time machine monitoring and production data collection.
In July 2021, Capgemini, a France-based information technology services and consulting company acquired Empired Limited for an undisclosed amount. With this acquisition, Capgemini will be positioned as the region's leader in the digital, data, and cloud markets because of the combined size and wide services portfolio, which includes considerable capabilities across the entire Microsoft technology product portfolio. Empired Limited is a US-based information technology services firm.
The countries covered in the oil and gas cloud applications market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The oil and gas cloud applications market research report is one of a series of new reports from The Business Research Company that provides oil and gas cloud applications market statistics, including oil and gas cloud applications industry global market size, regional shares, competitors with oil and gas cloud applications market share, detailed oil and gas cloud applications market segments, market trends, and opportunities, and any further data you may need to thrive in the oil and gas cloud applications industry. This oil and gas cloud applications market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Oil And Gas Cloud Applications Market Characteristics
3. Oil And Gas Cloud Applications Market Trends And Strategies
4. Oil And Gas Cloud Applications Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Oil And Gas Cloud Applications Market
- 4.2. Ukraine-Russia War Impact On Oil And Gas Cloud Applications Market
- 4.3. Impact Of High Inflation On Oil And Gas Cloud Applications Market
5. Oil And Gas Cloud Applications Market Size And Growth
- 5.1. Global Oil And Gas Cloud Applications Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Oil And Gas Cloud Applications Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Oil And Gas Cloud Applications Market Segmentation
- 6.1. Global Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Solutions
- Services
- 6.2. Global Oil And Gas Cloud Applications Market, Segmentation By Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Upstream
- Midstream
- Downstream
- 6.3. Global Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hybrid
- Private
- Public
7. Oil And Gas Cloud Applications Market Regional And Country Analysis
- 7.1. Global Oil And Gas Cloud Applications Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Oil And Gas Cloud Applications Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Oil And Gas Cloud Applications Market
- 8.1. Asia-Pacific Oil And Gas Cloud Applications Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Oil And Gas Cloud Applications Market
- 9.1. China Oil And Gas Cloud Applications Market Overview
- 9.2. China Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Oil And Gas Cloud Applications Market
- 10.1. India Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Oil And Gas Cloud Applications Market
- 11.1. Japan Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Oil And Gas Cloud Applications Market
- 12.1. Australia Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Oil And Gas Cloud Applications Market
- 13.1. Indonesia Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Oil And Gas Cloud Applications Market
- 14.1. South Korea Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Oil And Gas Cloud Applications Market
- 15.1. Western Europe Oil And Gas Cloud Applications Market Overview
- 15.2. Western Europe Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Oil And Gas Cloud Applications Market
- 16.1. UK Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Oil And Gas Cloud Applications Market
- 17.1. Germany Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Oil And Gas Cloud Applications Market
- 18.1. France Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Oil And Gas Cloud Applications Market
- 19.1. Eastern Europe Oil And Gas Cloud Applications Market Overview
- 19.2. Eastern Europe Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Oil And Gas Cloud Applications Market
- 20.1. Russia Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Oil And Gas Cloud Applications Market
- 21.1. North America Oil And Gas Cloud Applications Market Overview
- 21.2. North America Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Oil And Gas Cloud Applications Market
- 22.1. USA Oil And Gas Cloud Applications Market Overview
- 22.2. USA Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Oil And Gas Cloud Applications Market
- 23.1. South America Oil And Gas Cloud Applications Market Overview
- 23.2. South America Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Oil And Gas Cloud Applications Market
- 24.1. Brazil Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Oil And Gas Cloud Applications Market
- 25.1. Middle East Oil And Gas Cloud Applications Market Overview
- 25.2. Middle East Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Oil And Gas Cloud Applications Market
- 26.1. Africa Oil And Gas Cloud Applications Market Overview
- 26.2. Africa Oil And Gas Cloud Applications Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Oil And Gas Cloud Applications Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Oil And Gas Cloud Applications Market Competitive Landscape And Company Profiles
- 27.1. Oil And Gas Cloud Applications Market Competitive Landscape
- 27.2. Oil And Gas Cloud Applications Market Company Profiles
- 27.2.1. Capgemini S.A.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Citrix Systems Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. TIBCO Software Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Cisco Systems Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Oracle Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Oil And Gas Cloud Applications Market
29. Oil And Gas Cloud Applications Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer