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Upstream Oil & Gas Analytics Market Size - By Deployment (On-premise, Hosted), By Service (Professional, Cloud, Integration), Application, COVID-19 Impact Analysis & Forecast Report, 2024 – 2032

  • Report ID: GMI5788
  • Published Date: May 2023
  • Report Format: PDF

Upstream Oil & Gas Analytics Market Size

Upstream Oil & Gas Analytics Market was valued at USD 3.6 billion in 2023 and is projected to expand at 24.1% CAGR from 2024 to 2032. Advanced Analytics involves the use of advanced techniques and tools to autonomously or semi-autonomously analyse data or content, going beyond traditional business intelligence (BI) to uncover profound insights, make predictions, or provide recommendations. The rising recognition of digital oilfields, coupled with the transformation of exploration, drilling, and transportation operations, is expected to drive industry growth.

Upstream Oil & Gas Analytics Market


There are several impacts of the cyber-security threats to the O&G industry including safety, environment, financial, quality, reputation, service disruption, and regulatory/legal. These issues have been evolved in response to the implementation of analytical tools, which are anticipated to hamper the upstream oil and gas analytics market growth. However, the growing demand for oil & gas analytics across the upstream sector owing to the ease of operations and precise exploration and production will further boost the upstream oil & gas analytics market statistics.

COVID-19 Impact

The oil and gas industry has been adversely affected by the Covid- 19 pandemic with overall investments across the industry declining by over 33% in 2020. The significant decline in the investments is attributed to the lockdown imposed by the government authorities in the key geographies, limited industrial activities and supply glut. The robust decline in the price of crude oil can be attributed to demand crunch during the first wave of the virus and uncertainty toward the opening of economies. However, the development of unconventional reserves including shale plays, tight oil, and shale gas will foster the business development by 2032.

Upstream Oil & Gas Analytics Market Trends

The O&G industry is progressively gaining momentum in the field of unconventional wells on account of the increasing commercial development of shale. As per the U.S. Energy Information Administration (EIA) estimates, crude oil production from tight oil and shale was around 2.64 billion barrels in 2021. The U.S. tight oil is considered the most significant contributor to the non-OPEC supply by far. However, it is predicted to reach its peak after 2025 owing to companies focusing on increasing their productivity and lowering per barrel costs. Furthermore, the ongoing improvements in the technology along with upsurge in investments toward development of pipeline monitoring and maintenance tools will bolster the upstream oil & gas analytics market penetration.

Upstream Oil & Gas Analytics Market Analysis

Upstream Oil & Gas Analytics Market, By Deployment, 2021 - 2032 (USD Million)

The on-premise segment is anticipated to depict 22% growth during 2023-2032. Increasing focus on data privacy and growing cases of cyber-attacks will boost the on-premises deployment across the industry. The platform can be used to gather, display, and organize business data using its own IT infrastructure. These tools are preferable over the cloud owing to the rising concerns about information security & confidentiality in the cloud, while it offers full control to the enterprise. Moreover, technological advancements have led to the wide availability of features, augmenting the demand for on-premises software.

Cloud analytics segment in upstream oil & gas analytics market landscape enables companies to scale their analytical capabilities as the business grows and removes the burden of managing the on-premises platforms. The cloud applications provide quick data recovery in cases of emergencies including power outages or natural disasters. In addition, the ability to handle immense drilling & production data along with fast delivery has favored its adoption across oil & gas operations.

Upstream Oil & Gas Analytics Market Share, By Application, 2022

The exploration and drilling application captured 29% market share in 2022 and is expected to grow at a lucrative pace by 2032. The increasing requirement of analytical tools at multiple stages of E&P planning, monitoring, and maintenance will encourage the business landscape. The exploration of unconventional resources including shale and tight reserves coupled with technological advancements toward the development of wells at its secondary and tertiary phases will augment the demand for analytical tools across the upstream sector. Access to spatial data to determine viable sites for exploration, remote monitoring of drilling & production sites, and the need to maintain the environment & personnel safety will spur their adoption.

North America Upstream Oil & Gas Analytics Market Size, 2021-2032 (USD Million)

The North American upstream oil & gas analytics market has witnessed a significant turnaround in 2022 on account of the rapidly changing oil prices, increasing penetration of shale reserves and development of Lower-48 blocks. The region also has large share of mature and abandoned wells across both onshore and offshore locations. This in turn has led the operators to opt for various cost-effective analytical services to monitor the oil fields. Furthermore, high recovery factor, technological improvements, and significant environmental and economic benefits it offers has also led the industry to grow across the region. The market size of oil & gas analytics in U.S. is likely to hit USD 13.1 billion by 2032.

Upstream Oil & Gas Analytics Market Share

Some of the key players operating across the upstream oil & gas analytics industry are

  • Tableau Software
  • TIBCO Software, Inc
  • Teradata
  • Cisco Systems, Inc.
  • Accenture
  • Cognizant
  • Oracle
  • Microsoft Corporation
  • SAP SE
  • Deloitte
  • Hewlett Packard Enterprise Company
  • Capgemini
  • SAS Institute, Inc.
  • Hitachi Ltd.
  • IBM

Increasing focus on the deployment of analytics software across the industry along with various technological innovations by these players will enhance the overall market scenario.

Upstream Oil & Gas Analytics Industry News:

  • In March 2022, SAP announced the availability of experience-driven offering to process analytics. The new solution correlates experience data from suppliers, employees, and customers with underlying IT systems, which provides companies the ability to understand the way to optimize end-to-end business processes for both customer experience and operational excellence.
  • In April 2022, Microsoft collaborated with Bharat Petroleum Corporation Ltd. to accelerate the company’s digital transition and creating the future of innovation in the O&G industry. This partnership seeks to unlock the opportunities with Microsoft’s cloud solution, which offers to address new challenges of the O&G sector.

This upstream oil & gas analytics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2019 to 2032, for the following segments:

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Market, By Deployment

  • On Premises
  • Hosted

Market, By Service

  • Professional
  • Cloud
  • Integration

Market, By Application

  • Exploration and Drilling
  • Field Surveillance and Monitoring
  • Production Planning and Forecasting
  • Equipment Maintenance Management
  • Asset Performance
  • Workforce Management

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • Poland
    • Netherlands
    • Russia
    • UK
    • France
    • Norway
  • Asia Pacific
    • China
    • Australia
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia 
  • Middle East & Africa
    • Turkey
    • Kuwait
    • Oman
    • Saudi Arabia
    • UAE
    • Qatar
    • Nigeria
    • Angola
    • Egypt
    • Algeria 
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Peru


Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of upstream oil & gas analytics surpassed USD 3.6 billion during 2023 and will register 24.1% CAGR during 2024-2032, with increasing acceptance of digitalization trend and the focus on optimizing production.

Upstream oil & gas analytics industry size from on-premises deployment model will record 22% growth rate from 2023 to 2032, with a higher focus on data privacy and a surge in cyber-attack risks.

Exploration and drilling applications held over 29% of the industry share in 2022, due to requirements for monitoring, planning and maintenance across the various stages.

North America upstream oil & gas analytics industry is expected to witness significant growth by 2032 due to increased penetration of shale reserves, development of Lower-48 blocks, and the demand for cost-effective analytical products to monitor mature & abandoned oilfields.

Tableau Software, TIBCO Software, Inc., Teradata, Cisco Systems, Inc., Accenture, Cognizant, Oracle, Microsoft Corporation, SAP SE, Deloitte, Hewlett Packard Enterprise Company, Capgemini, SAS Institute, Inc., Hitachi Ltd., and IBM are the leading industry participants.

Upstream Oil & Gas Analytics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 562
  • Countries covered: 33
  • Pages: 300
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