The global oil and gas data management market is anticipated to grow at a considerable CAGR of 17.0% during the forecast period. Digital technologies such as cloud computing, analytics, artificial intelligence, and block chain-based data exchange enhance the capacity of oil and gas data management. They allow for more efficient sharing and analysis of data, leading to better insights and decision-making. For instance, in February 2020, Eni, an Italian multinational oil and gas company, unveiled its new supercomputing system called HPC5. It is the most powerful non-governmental supercomputer in globally, capable of 51.721 petaflops. The supercomputer has been designed to accelerate the development of innovative technologies for sustainable energy, allowing for faster and more accurate simulations, and data analysis.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/oil-and-gas-data-management-market
Furthermore, in the oil and gas industry, advanced analytics techniques such as machine learning (ML) and artificial intelligence (AI) are important. These technologies can help companies analyze large volumes of data and identify patterns that would be difficult for humans to uncover. This will improve efficiency, reduce risks, and save time. Various companies such as Yokogawa, Halliburton, Patterson-UTI Energy, and others in the oil and gas data management market are offering different strategies to anticipate market demand. These strategies include collaboration, cloud-based tools, AI and ML technology-based product launches, and others. For instance,
- In May 2023, Yokogawa launched a new software called Gas Chromatograph AI Maintenance Support (GCAI) that increases maintenance efficiency for the GC8000 process gas analyzer. GCAI is a data monitoring software that uses AI to continuously monitor the GC8000 and read changes in the measurement data.
- In February 2023, Halliburton and Siguler Guff launched emissions management software for oil and gas industry. Software, called Envana, is a digital emissions management solution that provides a more accurate picture of emissions and gives companies actionable information to manage and reduce their total carbon footprint.
- In October 2021, Patterson-UTI Energy announced a collaboration with Corva, an analytics company, to implement the cloud-based data management tools required to drill and complete more profitable and productive wells while reducing emissions.
Global Oil and Gas Data Management Market Report Segment
By Type
- Data Analysis
- IT Infrastructure
By Component
- Software
- Services
By Deployment Model
- On-Premise
- Cloud
By Application
- Upstream
- Midstream
- Downstream
A full report of Oil and Gas Data Management Market available @ https://www.omrglobal.com/industry-reports/oil-and-gas-data-management-market
Oil and Gas Data Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- AVEVA Group Ltd.
- Blue Marble Geographics
- CGG
- Data Gumbo Corp.
- Energy Software Intelligence Analytics (ESIA)
- EnergyIQ
- Entero Corp
- Enverus Corp.
- Hitachi Vantara LLC
- Katalyst Data Management
- OVS Group
- P2 Energy Solutions
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/
