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Jun 30, 2020 4:39 PM ET

Oil and Gas Analytics Market – What will be the Short-term Impact of Coronavirus? Fortune Business Insights

iCrowd Newswire - Jun 30, 2020

Oil and Gas Analytics Market Size, Share and Global Trend By Services(Professional, Integration, Cloud), By Deployment Platform(On Premise & Hosted), By Application(Upstream, Midstream, Downstream), and Geography Forecast till 2026

Introducing new technologies and identifying the root cause which stands as a barrier in obtaining good profits, are the two important factors for any company to grow. As companies involved in exploration, supply chain and delivery of hydrocarbons want solutions to avoid the operational and maintenance cost. “Oil and gas analytics“provide solutions based on the history and recent trends which helps in reducing errors and increasing efficiency. Analytics also helps in integrating the workforce and data which can be accessed to predict further actions to be taken.


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The major market driver for the global oil and gas analytics market is the ever increasing demand for energy all over the world. Lowering of the crude oil price in recent years has also helped the oil and gas analytics market to grow. Companies aiming to reduce the operation and maintenance cost take the help of analytics which also acts as a market driver for the oil and gas analytics market.


The factor which stands as a restraint for the global oil and gas analytics market is the volatility in the price of crude oil which is unpredictable. Also, the stringent regulations and compliances over the oil and gas industry act as market restraints for the global oil and gas analytics market.


Key Players Covered


















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Major Segments Mentioned:


1. By Services






2. By Deployment Platform





3. By Application






4. By Geography








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On the contrary, the high cost associated with upgraded technology is a factor that may restrain the global Oil and Gas Analytics market.


As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.


On the basis of their services, the oil and gas analytics market can be segmented into professional, integration and cloud services. On the basis of the deployment platform, global oil and gas analytics can be segmented into on-premise and hosted. Hosted analytics has grown in recent years as compared to on-premise. On the basis of its application, oil and gas analytics market can be segmented into upstream, downstream and downstream. Oil and gas analytics have been most used in upstream applications which involve exploration activities.


The report also offers insights on the key players operating in the global Oil and Gas Analytics market.


Key Market Driver Increasing demand for oil and gas energy


Key Market Restraint Volatility in price of crude oil


Key Industry Developments






For more information in the analysis of this report, visit


Major Table of Content for Oil and Gas Analytics Market:













An Overview of the Impact of COVID-19 on this Market:


The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.


We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.


Click here to get the short-term and long-term impact of COVID-19 on this Market.


(Have a Look at Reports Trending in “Energy and Power“Industry)


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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Oil and Gas Analytics Market – What will be the Short-term Impact of Coronavirus? Fortune Business Insights


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