- Direct Data Monetization
- Indirect Data Monetization
Oil and Gas Data Monetization Market size was valued at USD XX Mn in 2022 and is poised to grow at a significant CAGR x% from 2023-2029. Factors that are propelling the market are the rising adoption of data management and data analytics solutions in the oil and gas sector and increasing demand for this market from emerging countries such as North America and Asia Pacific. In addition, the huge presence of large proven oil reserves in Venezuela, Saudi Arabia, Canada, the U.S. China, etc. acts as a major opportunity for market growth. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global oil and gas data monetization market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities).
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Rising adoption of advanced technological solutions in the oil and gas industry across GCC countries drives the market growth. U.S is expected to be one of the emerging region fuelling the growth of this market. Advanced analytics help oil and gas companies make data-driven decisions and solve issues across the value chain from portfolio management, development and operations all the way to commercialization that have long been considered unsolvable. Advanced analytics can make an integrated and efficient approach to field development possible by pinpointing optimal well locations, informing design decisions, and identifying and remediating project risks.
The oil and gas data monetization market size was valued at USD x million in 2022
The oil and gas data monetization market key players are: Schlumberger SAP SE Oracle Corporation Informatica Corporation IBM Corporation Microsoft Corporation Tata Consultancy Services Cisco Software Capgemini Hitachi Vantara Corporation
The oil and gas data monetization market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.