Global IT Spending Market in the Oil and Gas Industry 2016-2020


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Technavio

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About Global IT Spending in the Oil and Gas Industry

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.
The oil and gas industry has exerted significant efforts to boost operational efciency and reduce costs. To that end, information technologies have emerged as a core component of almost all industry operations, from extraction to logistics and sales.

Technavios analysts forecast the Global IT Spending in Oil and Gas Industry to generate revenues of USD 48.54 billion during the period 2016-2020.

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

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's 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. The 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.

Key vendors
Dell
IBM
Infosys
SAP

Other prominent vendors
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
Wipro



Market driver
Enhances resource efficiency
For a full, detailed list, view our report

Market challenge
Increased complexity of operation process
For a full, detailed list, view our report

Market trend
Digital oil field framework
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Economic overview
PART 06: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 07: Market segmentation by category
Segmentation of global IT spending in oil and gas industry by category
Hardware
Software
Services
PART 08: Geographical segmentation
Segmentation of global IT spending in oil and gas industry by geography
Americas
EMEA
APAC
PART 09: Market drivers
Aids in optimizing production
Enable cost-effective inspections
Enhances efficiency of resources
Provision of security solutions
PART 10: Impact of drivers
PART 11: Market challenges
Need for quick building of multidisciplinary technical expertise in workforce
Increased complexity of operation process
Reduced profitability of oil and gas providers
Compliance with regulations and guidelines
PART 12: Impact of drivers and challenges
PART 13: Market trends
Digital oil field framework
Big data analytics
Wireless technologies
Mobility management
PART 14: Vendor landscape
Competitive landscape
Major vendors
Other prominent vendors
PART 15: Key vendor analysis
Dell
IBM
Infosys
SAP
PART 16: Appendix
List of abbreviations
PART 17: Explore Technavio
Exhibit 01: Countries covered for market analysis
Exhibit 02: Product offerings
Exhibit 03: IT solutions offered in oil and gas industry
Exhibit 04: Global IT spending in oil and gas industry ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Segmentation of global IT spending by category in oil and gas industry 2015
Exhibit 07: Segmentation of global IT spending by category in oil and gas industry 2020
Exhibit 08: Segmentation of global IT spending in oil and gas industry by category 2015-2020 ($ billions)
Exhibit 09: Segmentation of global IT spending in oil and gas industry by category 2015-2020
Exhibit 10: Global IT spending on hardware in oil and gas industry 2015-2020 ($ billions)
Exhibit 11: Global IT spending on software in oil and gas industry 2015-2020 ($ billions)
Exhibit 12: Global IT spending in oil and gas industry on services 2015-2020 ($ billions)
Exhibit 13: Segmentation of global IT spending in oil and gas industry by geography 2015
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers and challenges
Exhibit 16: Service map of digital oilfield services offered by prevalent vendors
Exhibit 17: Dell: Energy industry service offerings
Exhibit 18: IBM: Oil and gas industry service offerings
Exhibit 19: Infosys: Service offerings
Exhibit 20: Infosys: Oil and gas industry offerings
Exhibit 21: SAP: Oil and gas solutions