U.S. Oil and Gas Analytics Market Size By Deployment (On Premise, Hosted), By Service (Professional, Cloud, Integration), By Application (Upstream [Exploration and Drilling, Field Surveillance and Monitoring, Production Planning and Forecasting, Equipment Maintenance Management, Asset Performance, Workforce Management], Midstream (Surface and Lease Equipment, Gathering & Processing [Gas Gathering Lines, Oil Gathering Lines, Compressors, Processing Plants, Fractionation Facilities], Oil, Gas & NGL Pipelines [Oil Lines, NGL Lines, Gas Lines, Oil Line Pumps, NGL Line Pumps, Gas Line Compressors], Oil & Gas Storage [Oil Storage, Gas Storage], Refining & Oil Products Transport [Refining, Oil Product Pipeline, Oil Product Pipeline Pumps, Rail Transport], Export terminal [LNG, NGL]), Downstream [Commodity Trading, Demand Forecasting, Pricing, Refining]), Industry Analysis Report, Price Trends, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Nov 2019  |  Report ID: GMI4418  |  Authors: Ankit Gupta, Ilika Singh

Report Format: PDF   |   Pages: 115   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

U.S. Oil and Gas Analytics Market size exceeded USD 825 million in 2018 and is expected to grow at 14.5% CAGR up to 2025.
 

U.S. Oil and Gas Analytics Market

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Data analytics is an autonomous or semi-autonomous examination of data or content to draw meaningful and actionable insights with the help of sophisticated tools and techniques. It is widely used across the industry to gain deeper insights, generate recommendations and make predictions. The study includes a detailed analysis of the U.S. oil and gas analytics market bifurcated by services, deployment and application. In addition, the estimates and forecasts are aligned with data published by respective government authorities including FERC, EIA, IEA, PHSMA, regional regulatory bodies and associated company press releases.
 

Growing focus toward reservoir and production optimization along with significant development in analytical applications across the O&G sector will drive the business growth. Rising need for cost optimization owing to prevailing low crude oil price environment along with rapid investments in R&D to engineer advanced solutions for better planning and project execution will boost the adoption of analytical tools.
 

U.S. Oil and Gas Analytics Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 825 Million (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period (2019 to 2025) CAGR: 14.5% 2025 Value Projection: 2 Billion (USD)
Pages: 115 Tables, Charts & Figures: 115
Geographies covered (1): U.S.
Segments covered: Deployment, Service, Application
Companies covered (15): SAP SE, Tableau Software, Microsoft Corporation, Hitachi Ltd, Oracle, Teradata, Cognizant, Capgemini, Accenture, Cisco Systems, TIBCO Software, IBM, SAS Institute, Hewlett Packard Enterprise Company, Enverus
Growth Drivers:
  • Growing need for data analysis to optimize the oil and gas operations
  • Increasing exploration of unconventional wells
Pitfalls & Challenges:
  • Cyber-security threats
  • Volatile crude oil prices

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Growing adoption of cloud-based services is set to boost the U.S. oil and gas analytics market growth

U.S. oil and gas analytics industry by service, 2018 & 2025 (USD Million)
U.S. oil and gas analytics industry by service, 2018 & 2025 (USD Million)

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The cloud analytics will grow owing to key benefits including quick data recovery, access to unlimited storage and flexibility. It is a service model, where one or more analytical components are implemented on the cloud. The software enables the companies to scale their data storage and analysis capabilities as the business grows and reduces the load of managing the on-premise platforms. These systems provide high returns in a minimum period with the capability of delivering readily available data models, application servers, advanced tools, and analytics.
 

Ability to manage the size, volume, velocity, and variety of data coupled with capability to ingest the data from varied protocols & types will stimulate the deployment of integrated analytical services. The platform brings together Business Intelligence (BI), performance management, and analytical tools in a single package. It enables interoperability by providing services including forecast & development of marketing strategy models and algorithms and revenue calculation on the same platform.
 

Growing spending toward infrastructure development

Prevailing shift from oil to gas along with increasing investments toward the development of pipeline infrastructure will foster the industry growth. The companies are developing advanced pipeline monitoring and remote management platforms that have resulted in radical improvements in leakages, spills, early damage detection and have reduced downtimes. In addition, prevailing industry challenges including change of pipeline ownerships, aging infrastructure and tracking of daily petroleum supply requires analytical investment to keep tract of the pipeline operations.
 

Substantial investments toward the storage terminals and refineries coupled with rising need for efficient data analyzing tools and software for demand forecasting and trading will complement the business landscape. As per EIA, the storage capacity across the U.S. have witnessed growth with over 22 million barrels of new capacity additions during 2018. Moreover, there are over 160 new pipeline projects lined up in the U.S. as of 2019, where the Northeast region set the highest record for pipeline buildout.
 

Growing spending toward upstream operations will drive the U.S. oil and gas analytics market growth

U.S. oil and gas analytics industry by upstream, 2018 & 2025 (USD Million)
U.S. oil and gas analytics industry by upstream, 2018 & 2025 (USD Million)

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The U.S. oil and gas analytics market by upstream will grow over 15% by 2025. Increasing upstream investments favored by recovering oil prices will favor the industry growth. For instance, as per EIA, the upstream spending is set to increase to support the strong buildup of supply for a third consecutive year by 4% in 2019. Ongoing exploration of new shale plays along with growing focus toward data analysis for optimizing drilling and production operations will stimulate the business growth.
 

Large untapped potential across the downstream and midstream sector along with growing deployment of sensors and IoT devices will accelerate the business growth. The increasing refinery throughput along with the need for advanced analytical platforms for demand forecasting & insights to consumption data will complement the growth across the downstream sector.
 

Growing awareness toward data analysis and big data

Huge potential of analytics across the industry owing to rising need for examining large data repositories built from reservoir and production data will augment the business growth. The O&G industry have a large untapped potential across the entire value chain, where data analytics is in its nascent stage of development. Growing adoption of big data platforms and sensors to record various type of data from multiple sources will positively enhance the business outlook.
 

The industry is set to grow owing to key benefits including process optimization, easy forecast and prediction, real time data analysis and cost management. The adoption has been robust across the upstream segment; however, the midstream sector is further accelerating its spending in advanced analytics, cloud, and artificial intelligence. The companies are taking leverage of cloud to expand its data storage capacity, flexible data sharing and improved security.
 

Product innovation and technological collaborations will remain a major strategic implementation

Increasing investments toward R&D and technological advancements are the key strategies followed by the industry players. The industry is highly consolidated with acquisitions & mergers with leading technology partners bringing new growth prospects in the industry. For instance, in September 2018, Accenture expanded its collaboration with SAP by co-developing a SAP S/4HANA cloud solution to aid O&G players for creating new revenue opportunities and cutting down operational costs. It aims to transform the companies into intelligent digital enterprises by co-innovating and harnessing the potential and flexibility of the solution.
 

Eminent players operating in the U.S. oil and gas analytics market include SAP SE, Tableau Software, Microsoft Corporation, Hitachi Ltd, Oracle, Teradata, Cognizant, Capgemini, Accenture, Cisco Systems, Inc., TIBCO Software, Inc., IBM., SAS Institute, Inc, Hewlett Packard Enterprise Company and Enverus.
 

U.S. oil and gas analytics market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” from 2019 to 2025, for the following segments:

By Service

  • Professional
  • Cloud
  • Integration

By Deployment

  • On-Premise
  • Hosted

By Application

  • Upstream
    • Exploration & Drilling
    • Field Surveillance & Monitoring
    • Production Planning and Forecasting
    • Equipment Maintenance Management
    • Asset Performance
    • Workforce Management
  • Midstream
    • Surface and Lease Equipment
    • Gathering & Processing
      • Gas Gathering Lines
      • Oil Gathering Lines
      • Compressors
      • Processing Plants
      • Fractionation Facilities
    • Oil, Gas & NGL Pipelines
      • Oil Lines
      • NGL Lines
      • Gas Lines
      • Oil Line Pumps
      • NGL Line Pumps
      • Gas Line Compressors
    • Oil and gas storage
      • Oil Storage
      • Gas Storage
    • Refining & Oil Products Transport
      • Refining
      • Oil Product Pipeline
      • Oil Product Pipeline Pumps
      • Rail Transport
    • Export Terminals
      • LNG
      • NGL
  • Downstream
    • Commodity Trading
    • Demand Forecasting
    • Pricing
    • Refining

Frequently Asked Questions (FAQ) :

Growing awareness toward data security and robust investments toward O&G infrastructure will be key driving factors for the growth of U.S. oil and gas analytics industry.
According to this report by GMI, US market for upstream oil and gas analytics is expected to register over 15% CAGR between 2019 and 2025.
SAP SE, Tableau Software, Microsoft Corporation, Hitachi Ltd, Oracle, Teradata, Cognizant, Capgemini, Accenture, Cisco Systems, Inc., TIBCO Software, Inc., IBM., SAS Institute, Inc, Hewlett Packard Enterprise Company and Enverus are the key players operating in the U.S. market for oil and gas analytics.

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