Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Oil and Gas Data Monetization Market: By Method, By Type, By Application, Oil and Gas Service Companies, National Oil Companies and National Data Repositories, and Region Forecast 2019-2030
Oil and Gas Data Monetization Market size was valued at US$ 46.9 billion in 2023 and is poised to grow at a significant CAGR 19.7% from 2024-2030. 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.
Study Period
2024-2030Base Year
2023CAGR
19.7%Largest Market
Asia-PacificFastest Growing Market
Asia Pacific
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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 46.9 billion |
Market CAGR |
19.7% |
By Method |
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By Type |
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By Application |
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The global oil and gas data monetization market size was valued at US$ 46.9 billion in 2023 and is projected to grow at a CAGR of 19.7% from 2024 to 2030.
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.
Key Market Players