Wednesday, May 18th, 2016 - RnR Market Research

RnRMarketResearch.com adds Global IT Spending Market in the Oil and Gas Industry 2016-2020 a new research reports in its store. The analysts forecast Global IT Spending in Oil and Gas Industry to generate revenues of USD 48.54 billion during the period 2016-2020.

Complete IT spending in oil and gas industry report is available at http://www.rnrmarketresearch.com/global-it-spending-market-in-the-oil-and-gas-industry-2016-2020-market-report.html .

Commenting on the report, an analyst said: "A noteworthy trend is the development of digital oil field frameworks. The need to boost production and asset performance has enabled oil and gas enterprises to automate workflows and integrate business processes across upstream operations. It has prompted the integration of information technologies that enable better collaboration and real-time operations. The digital oil field basically comprises technology-centric solutions that help enterprises to leverage limited resources."

According to the report, a key growth driver is the enhanced efficiency of resources. The adopted methodologies for consistent monitoring generate more than a terabyte of data by a single field per day. This has created a requirement for reliable and consistent data access and analysis. Data is collected to measure pump performance, pressure changes, fluid composition, and temperature changes. Such data is complex and voluminous and the transferring of such forms of data across unconnected, disparate architecture often slows down interdepartmental communications. However, an IT-enabled approach helps deliver business value by enabling companies to turn raw data into actionable information.

Order a copy of Global IT Spending in Oil and Gas Industry 2016-2020, report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=545100 .

The report, Global IT Spending in Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The oil and gas industry includes processes of hydrocarbon exploration, extraction, refining, and transportation. The finished product is transported by tankers and pipelines and is subsequently marketed. The industry's largest volume products are fuel oil and gasoline. Products such as petroleum are often used as the raw material to manufacture fertilizers, solvents, pharmaceuticals, plastics, and pesticides. The overall industry is divided into three major components, upstream, midstream, and downstream operations.

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RnRMarketResearch.com adds Global IT Spending Market in the Oil and Gas Industry 2016-2020 a new research reports in its store. The analysts forecast Global IT Spending in Oil and Gas Industry to generate revenues of USD 48.54 billion during the period 2016-2020.

Complete IT spending in oil and gas industry report is available at http://www.rnrmarketresearch.com/global-it-spending-market-in-the-oil-and-gas-industry-2016-2020-market-report.html .

Commenting on the report, an analyst said: "A noteworthy trend is the development of digital oil field frameworks. The need to boost production and asset performance has enabled oil and gas enterprises to automate workflows and integrate business processes across upstream operations. It has prompted the integration of information technologies that enable better collaboration and real-time operations. The digital oil field basically comprises technology-centric solutions that help enterprises to leverage limited resources."

According to the report, a key growth driver is the enhanced efficiency of resources. The adopted methodologies for consistent monitoring generate more than a terabyte of data by a single field per day. This has created a requirement for reliable and consistent data access and analysis. Data is collected to measure pump performance, pressure changes, fluid composition, and temperature changes. Such data is complex and voluminous and the transferring of such forms of data across unconnected, disparate architecture often slows down interdepartmental communications. However, an IT-enabled approach helps deliver business value by enabling companies to turn raw data into actionable information.

Order a copy of Global IT Spending in Oil and Gas Industry 2016-2020, report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=545100 .

The report, Global IT Spending in Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

 

The oil and gas industry includes processes of hydrocarbon exploration, extraction, refining, and transportation. The finished product is transported by tankers and pipelines and is subsequently marketed. The industry's largest volume products are fuel oil and gasoline. Products such as petroleum are often used as the raw material to manufacture fertilizers, solvents, pharmaceuticals, plastics, and pesticides. The overall industry is divided into three major components, upstream, midstream, and downstream operations.

Inquire for Discount @ http://www.rnrmarketresearch.com/contacts/discount?rname=545100 .

This report covers the present scenario and the growth prospects of the Global IT Spending in Oil and Gas Industry for 2016-2020.

key players in the Global IT Spending in Oil and Gas Industry: Dell, IBM, Infosys, and SAP. Other Prominent Vendors in the market are: ABB, Alcatel-Lucent, Capgemini, CGI Group, Cisco Systems, CSC, GE Oil and Gas, Hitachi, Huawei Technologies, Indra Sistemas, HCL Technologies, Oracle, Siemens, TCS, Tech Mahindra, and Wipro.

Further, the report states that one challenge that could hamper market growth is the increased complexity of the operations process.

This report covers the present scenario and the growth prospects of the Global IT Spending in Oil and Gas Industry for 2016-2020.

key players in the Global IT Spending in Oil and Gas Industry: Dell, IBM, Infosys, and SAP. Other Prominent Vendors in the market are: ABB, Alcatel-Lucent, Capgemini, CGI Group, Cisco Systems, CSC, GE Oil and Gas, Hitachi, Huawei Technologies, Indra Sistemas, HCL Technologies, Oracle, Siemens, TCS, Tech Mahindra, and Wipro.

Further, the report states that one challenge that could hamper market growth is the increased complexity of the operations process.

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IT Spending Market, Oil and Gas Industry, IT Spending Market in the Oil and Gas Industry research Report

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