HOME Top Market Reports Oil and Gas Cloud Applications Market by Type of Application (CRM, ECM and Collaboration, ERP, GRC, Data Analytics, HCM, PPM, SCM), Major Sector (Upstream, Midstream, Downstream), Deployment Model, Business Function - Global Forecast to 2022

Oil and Gas Cloud Applications Market by Type of Application (CRM, ECM and Collaboration, ERP, GRC, Data Analytics, HCM, PPM, SCM), Major Sector (Upstream, Midstream, Downstream), Deployment Model, Business Function - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: TC 3288

 

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The oil and gas cloud applications market size is expected to grow from USD 3.04 Billion in 2016 to USD 5.68 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. The base year considered for this report is 2016 and the forecast period is 2017–2022.

Objectives of the Study

The main objective of this report is to define, describe, and forecast the global oil and gas cloud applications market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

The research methodology used to estimate and forecast the market began with data collection through secondary research on key vendors. The sources referred for secondary research include journals and magazines, such as such as Rigzone, World Economic Forum, and OnePetro, to identify and collect information useful for the technical and market-oriented study. The vendor offerings were taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the oil and gas cloud applications market from the revenue of key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key personnel, such as Chief Marketing Officers (CMOs), and Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of primary profiles is depicted in the below figure:

Oil and Gas Cloud Applications Market

To know about the assumptions considered for the study, download the pdf brochure

Major vendors in the oil and gas cloud applications market include IBM (US), Oracle (US), SAP (Germany), Microsoft (US), SAS Institute (US), HPE (US), TIBCO (US),Tableau (US), Cisco (US), Seven Lake Technologies (US), PetroCloud (US), and WellEz (US).

Key Target Audience

  • Consulting companies
  • Investors and venture capitalists
  • Value-Added Resellers (VARs)
  • Large, medium-sized, and small enterprises
  • Third-party providers
  • Consultants/consultancies/advisory firms
  • Professional service providers
  • Automakers
  • GRC solution vendors serving upstream, midstream, and downstream segments of the oil and gas industry
  • SCM solution vendors serving upstream, midstream, and downstream segments of the oil and gas industry
  • ECM solution vendors serving upstream, midstream, and downstream segments of the oil and gas industry
  • ERP solution vendors serving upstream, midstream, and downstream segments of the oil and gas industry
  • CRM solution vendors serving upstream, midstream, and downstream segments of the oil and gas industry

“Study answers several questions for the stakeholders, primarily which market segments to focus in the next 2–5 years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the oil and gas cloud applications market to forecast the revenues and analyze the trends in each of the following subsegments:

By Type of Application:

  • Customer Relationship Management (CRM)
  • Enterprise Content Management (ECM) And Collaboration
  • Enterprise Resource Planning (ERP)
  • Supply Chain Management (SCM)
  • Human Capital Management (HCM)
  • Data Analytics
  • Project and Portfolio Management
  • Governance, Risk, And Compliance (GRC)
  • Others

By Major Sector:

  • Upstream
  • Midstream
  • Downstream

By Deployment Model:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Business Function:

  • Marketing
  • Sales
  • Finance
  • Operations
  • Others

By Region:

  • North America
  • Europe
  • MEA
  • APAC
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

Product matrix gives a detailed comparison of product portfolio for each company.

Geographic Analysis

  • Further breakdown of the North American oil and gas cloud applications market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed profiling and analysis of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                               2.1.2.1.1 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Oil and Gas Cloud Applications Market
    4.2 Market, By Region
    4.3 Market, By Type of Application and Region
    4.4 Best Market to Invest In, By Region, 2017

5 Market Overview and Industry Trends (Page No. - 33)
    5.1 Market Overview
           5.1.1 Introduction
           5.1.2 Market Dynamics
                    5.1.2.1 Drivers
                               5.1.2.1.1 Major Slump in Oil Prices Forcing Companies to Adopt Cost-Effective Cloud Solutions
                               5.1.2.1.2 Emergence of Technologies Such as Big Data and Advanced Analytics is Fostering the Growth of Cloud Applications
                               5.1.2.1.3 Complex Nature of Operations in the Oil and Gas Industry
                    5.1.2.2 Restraints
                               5.1.2.2.1 Regulatory and Compliance Challenges
                               5.1.2.2.2 Increasing Data Security Concerns
                    5.1.2.3 Opportunities
                               5.1.2.3.1 Growing Trend of Mobile Computing
                               5.1.2.3.2 Rapidly Increasing Adoption of Hybrid Cloud
                    5.1.2.4 Challenges
                               5.1.2.4.1 Trends Toward Alternative Fuels and Electric Vehicles Could Further Affect Oil and Gas Companies’ Profitability
                               5.1.2.4.2 Lack of Skilled Workforce
    5.2 Industry Trends
           5.2.1 Cloud Applications in the Oil and Gas Industry: Use Cases
                    5.2.1.1 Use Case #1: Predicting Crude Oil Prices
                    5.2.1.2 Use Case #2: Hedge Optimization
                    5.2.1.3 Use Case #3: Profit and Loss Simulation
                    5.2.1.4 Use Case #4: Pipeline Geotechnical Monitoring
    5.3 Oil and Gas Cloud Applications: Ecosystem

6 Oil and Gas Cloud Applications Market, By Type of Application (Page No. - 41)
    6.1 Introduction
    6.2 Customer Relationship Management
    6.3 Enterprise Content Management and Collaboration
    6.4 Enterprise Resource Planning
    6.5 Supply Chain Management
    6.6 Human Capital Management
    6.7 Data Analytics
    6.8 Project and Portfolio Management
    6.9 Governance, Risk, and Compliance
    6.10 Others

7 Oil and Gas Cloud Applications Market, By Major Sector (Page No. - 50)
    7.1 Introduction
           7.1.1 Upstream
           7.1.2 Midstream
           7.1.3 Downstream

8 Market By Deployment Model (Page No. - 54)
    8.1 Introduction
    8.2 Public Cloud
    8.3 Private Cloud
    8.4 Hybrid Cloud

9 Oil and Gas Cloud Applications Market, By Organization Size (Page No. - 59)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Market, By Business Function (Page No. - 63)
     10.1 Introduction
     10.2 Marketing
     10.3 Sales
     10.4 Finance
     10.5 Operations
     10.6 Others

11 Oil and Gas Cloud Applications Market, By Region (Page No. - 69)
     11.1 Introduction
     11.2 North America
             11.2.1 By Type of Application
             11.2.2 By Major Sector
             11.2.3 By Deployment Model
             11.2.4 By Organization Size
             11.2.5 By Business Function
             11.2.6 By Country
                        11.2.6.1 United States
                        11.2.6.2 Canada
     11.3 Europe
             11.3.1 By Type of Application
             11.3.2 By Major Sector
             11.3.3 By Deployment Model
             11.3.4 By Organization Size
             11.3.5 By Business Function
             11.3.6 By Country
                        11.3.6.1 Norway
                        11.3.6.2 Russia
                        11.3.6.3 Rest of Europe
     11.4 Asia Pacific
             11.4.1 By Type of Application
             11.4.2 By Major Sector
             11.4.3 By Deployment Model
             11.4.4 By Organization Size
             11.4.5 By Business Function
             11.4.6 By Country
                        11.4.6.1 China
                        11.4.6.2 India
                        11.4.6.3 Rest of Asia Pacific
     11.5 Latin America
             11.5.1 By Type of Application
             11.5.2 By Major Sector
             11.5.3 By Deployment Model
             11.5.4 By Organization Size
             11.5.5 By Business Function
             11.5.6 By Country
                        11.5.6.1 Brazil
                        11.5.6.2 Rest of Latin America
     11.6 Middle East and Africa
             11.6.1 By Type of Application
             11.6.2 By Major Sector
             11.6.3 By Deployment Model
             11.6.4 By Organization Size
             11.6.5 By Business Function
             11.6.6 By Country
                        11.6.6.1 Middle East
                        11.6.6.2 Africa

12 Competitive Landscape (Page No. - 94)
     12.1 Overview
     12.2 Competitive Scenario
             12.2.1 Partnerships, Collaborations, and Agreements
             12.2.2 New Product Launches
             12.2.3 Mergers and Acquisitions

13 Company Profiles (Page No. - 99)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     13.1 IBM
     13.2 Oracle
     13.3 SAP
     13.4 Microsoft
     13.5 SAS Institute
     13.6 HPE
     13.7 Tibco
     13.8 Tableau
     13.9 Cisco
     13.10 Seven Lakes Technologies
     13.11 Petrocloud
     13.12 Wellez

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 134)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing Rt: Real-Time Market Intelligence
     14.4 Available Customization
     14.5 Related Reports
     14.6 Author Details


List of Tables (70 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Oil and Gas Cloud Applications Market Size, By Type of Application, 2015–2022 (USD Million)
Table 3 Customer Relationship Management: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Enterprise Content Management and Collaboration: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Enterprise Resource Planning: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Supply Chain Management: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Human Capital Management: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Data Analytics: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Project and Portfolio Management: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Governance, Risk, and Compliance: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Oil and Gas Cloud Applications Market Size, By Major Sector, 2015–2022 (USD Million)
Table 13 Upstream: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Midstream: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Downstream: Market Size, By Region, 2015–2022 (USD Million)
Table 16 Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 17 Public Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Private Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Hybrid Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Oil and Gas Cloud Applications Market Size, By Organization Size, 2015–2022 (USD Million)
Table 21 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Small and Medium-Sized Enterprises: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 23 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Large Enterprises: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 25 Market Size, By Business Function, 2015–2022 (USD Million)
Table 26 Marketing: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Sales: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Finance: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Operations: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 31 Oil and Gas Cloud Applications Market Size, By Region, 2015–2022 (USD Million)
Table 32 North America: Market Size, By Type of Application, 2015–2022 (USD Million)
Table 33 North America: Market Size, By Major Sector, 2015–2022 (USD Million)
Table 34 North America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 35 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 36 North America: Small and Medium-Sized Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 37 North America: Large Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 38 North America: Market Size, By Business Function, 2015–2022 (USD Million)
Table 39 Europe: Oil and Gas Cloud Applications Market Size, By Type of Application, 2015–2022 (USD Million)
Table 40 Europe: Market Size, By Major Sector, 2015–2022 (USD Million)
Table 41 Europe: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 42 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 43 Europe: Small and Medium-Sized Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 44 Europe: Large Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 45 Europe: Market Size, By Business Function, 2015–2022 (USD Million)
Table 46 Asia Pacific: Oil and Gas Cloud Applications Market Size, By Type of Application, 2015–2022 (USD Million)
Table 47 Asia Pacific: Market Size, By Major Sector, 2015–2022 (USD Million)
Table 48 Asia Pacific: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 50 Asia Pacific: Small and Medium-Sized Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 51 Asia Pacific: Large Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million
Table 52 Asia Pacific: Market Size, By Business Function, 2015–2022 (USD Million)
Table 53 Latin America: Oil and Gas Cloud Applications Market Size, By Type of Application, 2015–2022 (USD Million)
Table 54 Latin America: Market Size, By Major Sector, 2015–2022 (USD Million)
Table 55 Latin America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 56 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 57 Latin America: Small and Medium-Sized Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 58 Latin America: Large Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 59 Latin America: Market Size, By Business Function, 2015–2022 (USD Million)
Table 60 Middle East and Africa: Oil and Gas Cloud Applications Market Size, By Type of Application, 2015–2022 (USD Million)
Table 61 Middle East and Africa: Market Size, By Major Sector, 2015–2022 (USD Million)
Table 62 Middle East and Africa: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 63 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 64 Middle East and Africa: Small and Medium-Sized Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 65 Middle East and Africa: Large Enterprises Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 66 Middle East and Africa: Market Size, By Business Function, 2015–2022 (USD Million)
Table 67 Market Ranking for the Oil and Gas Cloud Applications Market, 2017
Table 68 Partnerships, Collaborations, and Agreements, 2016–2017
Table 69 New Product Launches, 2014–2017
Table 70 Mergers and Acquisitions, 2014–2017


List of Figures (33 Figures)

Figure 1 Oil and Gas Cloud Applications Market: Market Segmentation
Figure 2 Market: Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market: Assumptions
Figure 7 The Evolution of Cloud Computing
Figure 8 Market is Expected to Witness Significant Growth During the Forecast Period
Figure 9 Market Size, By Type of Application, 2022 (USD Million)
Figure 10 Market Snapshot, By Major Sector , 2017
Figure 11 Market Snapshot, By Business Function (2017–2022)
Figure 12 Rapidly Increasing Adoption of Hybrid Cloud is Expected to Provide Growth Opportunities in the Oil and Gas Cloud Applications Market During the Forecast Period
Figure 13 North America is Estimated to Dominate the Global Oil and Gas Cloud Applications Market in 2017
Figure 14 Customer Relationship Management Application, and North America are Estimated to Have the Largest Market Shares in 2017
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Oil and Gas Cloud Applications Ecosystem
Figure 17 Data Analytics Application is Expected to Have the Highest CAGR During the Forecast Period
Figure 18 Upstream Sector is Expected to Have the Largest Market Size During the Forecast Period
Figure 19 Public Cloud Deployment Model is Expected to Have the Highest CAGR During the Forecast Period
Figure 20 Large Enterprises Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 21 Operations Business Function is Expected to Witness the Highest CAGR During the Forecast Period
Figure 22 North America is Expected to Have the Largest Market Size in the Oil and Gas Cloud Applications Market During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Companies Have Adopted Partnerships, Agreements, and Collaborations as the Key Growth Strategies From 2014–2017
Figure 26 IBM: Company Snapshot
Figure 27 Oracle: Company Snapshot
Figure 28 SAP: Company Snapshot
Figure 29 Microsoft: Company Snapshot
Figure 30 SAS Institute: Company Snapshot
Figure 31 HPE: Company Snapshot
Figure 32 Tableau: Company Snapshot
Figure 33 Cisco: Company Snapshot

The oil and gas cloud applications market is expected to grow from USD 3.33 Billion in 2017 to USD 5.68 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. Major slump in oil prices, and the emergence of big data and advanced analytics fostering and enhancing operational efficiencies are the key drivers of this market.

The report provides detailed insights into the global market, which is segmented by types of applications, major sectors, deployment models, organization size, business functions, and regions. In the oil and gas cloud applications market, Customer Relationship Management (CRM) is estimated to hold the largest market share in 2017 as the software facilitates businesses to increase their sales, automate marketing processes, and offer unparalleled customer services. In the oil and gas industry, the application is deployed extensively, and thus, has a very high market share. The need for real-time access to data is driving the market for cloud CRM application. Along with the traditional applications for marketing, and sales intelligence and automation, cloud CRM applications also include advanced applications, such as social media and customer engagement management, and collaborative CRM applications. Salesforce and SAP are the leading providers of cloud-based CRM applications.

The upstream major sector has a higher adoption rate than midstream and downstream major sectors. The upstream major sector is focused to leverage big data to gain significant insights from the surge of structured and unstructured data. The sector is rapidly deploying new platforms, mainframe computers, super computers, workstations, and distributed stations to execute high-performance computing, virtualization, and advanced visualizations, to harness maximum insights from the data. Moreover, unlimited computing and storage capacities, superior cost-effective utilization of the public cloud system, and ease of deployment are some of the compelling reasons to deploy cloud services for the cost-sensitive yet data-critical oil and gas industry.

Oil and Gas Cloud Applications Market

The report covers all the major aspects of the oil and gas cloud applications market and provides an in-depth analysis across North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market share, whereas the APAC region is projected to provide significant growth opportunities in this market as it is expected to grow at the highest CAGR during the forecast period.

Increasing data security concerns, and regulatory and compliance challenges are the major restraining factors for the growth of the market. Trends toward alternative fuels and electric vehicles further affecting oil and gas companies’ profitability are the major challenges for the growth oil and gas cloud applications market.

Most of the vendors have adopted acquisitions, agreements, collaborations and partnerships, new product launches, product upgradations, and expansions, as their key strategies to expand their client base and enhance the customer experience. For instance, in March 2017, IBM launched new software and services to mitigate the integration challenges of data and applications across on-premises, private, and cloud environments. The strategy of new product launches has also been adopted by the top players to enhance their presence and dominance in this market.

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