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Top Investment Pockets: Oil and Gas Data Management Market Moreover, the diminishing impact of restraining factors such as lack of skilled workforce, high initial investment, and increase in the number of cyberattacks & data breaches incidents are projected to supplement the market growth during the forecast period.

The revenue of the global oil and gas data management market size is projected to grow by 2.9 times during 20152022, owing to the increase in the impact of the driving factors such as operational efficiency & performance improvement, increase in popularity of real-time analysis & predictive analytics solutions, and increased awareness among end users. These factors have significantly contributed to the growth of oil and gas data management technologies and services, and are anticipated to impact the market growth during the forecast period. The key impacting factors of the oil and gas data management technologies and services include operational efficiency and performance improvement, increase in popularity of real-time analysis & predictive analytics solutions, increased awareness, increase in the number of cyberattacks & data breaches, lack of skilled workforce, and high initial investment. Top Impacting Factors: Oil and Gas Data Management Market Based on regions, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market is classified based on type into data analysis, IT infrastructure, and services. Segment Overview: Oil and Gas Data Management Market The key manufacturers operating in the market include Cisco Systems, Inc., EMC Corporation, Hewlett Packard Enterprise Company, Hitachi, Ltd., IBM Corporation, Infosys Limited, NetApp, Inc., Oracle Corporation, SAP SE, and Wipro Limited. The study includes Porter’s Five Forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

The report includes the study of the oil and gas data management market with respect to the growth prospects and restraints based on the regional analysis. This is projected to create new growth opportunities for key players operating in the industry. Furthermore, the relative importance of oil and gas companies in most of the local economies and the need for extracting actionable insights from the aggrandized amount of raw data are anticipated to fuel the demand for enhanced data management solutions and services. However, the potential impact of enhanced analytics solutions and services on business activities has increased in the region. The adoption of data management in the emerging markets, including Brazil, The Cooperation Council (GCC) countries, and African countries is at its nascent stage, unlike that in the developed markets such as North America and Europe. Get more information on this report : Request Sample Pages In the present scenario, it has become a critical investment choice that has significantly contributed to the growth of the smart and digital industry. The global market was valued at $1,092 million in 2015 and is projected to reach $3,203 million by 2022, growing at a CAGR of 16.2% from 2016 to 2022. Data management incorporates a set of new generation technologies and architectures that are specially designed to extract crucial information from a large volume of structured or unstructured data by enabling high-velocity capture and analysis. Oil and Gas Data Management Market Outlook: 2022