Global Oil and Gas Mobility Market
Report Highlights
The Global Oil and Gas Mobility Market was valued at USD 8602.32 million in 2016 and is projected to reach USD 51543.53 million by 2025, growing at a CAGR of 22.01% from 2017 to 2025.
The oil and gas industry involves complex and huge data; hence there is an increased need of significant amount of investment in mobility sector. The inclusion of mobility will help in bringing about efficiency in daily operations;introduce a centralized transparent and non-discriminatory mechanism for operational purposes across the entire value chain.Mobility in Oil and Gas reduces the cycle time required for performing routine operations and ensures optimum utilization of resources available. Mobility introduces flexibility of doing tasks from any location at any time in real time which helps the management to take quick decisions without interrupting the workflow.
Market Dynamics:
1. Market Drivers
1.1 Adoption of Integrated Vendor Ecosystem
1.2 Increasing Demand of M2M Communication using High Speed Networks
1.3 Evolving Multi-Platform Mobility
1.4 Option of Real-Time Operability with Smart Device
1.5 Increasing Adoption of Streamlining Data and Information Flow
1.6 Maximizing Economic Benefits
2. Market Restraints
2.1 Poor Data Management
2.2 Concerns for Information Security
2.3 Growing Rate of Cyber Attacks
Market Segmentation:
The Global Oil and Gas Mobility Market is segmented on the component, deployment model, end user, and region.
1. By Component:
1.1 Software
1.1.1 Risk and Regulatory Compliance
1.1.2 Workforce Automation
1.1.3 Materials Management
1.1.4 Asset Management
1.1.5 Data Management
1.1.6 Mobile Analytics
1.1.7 Others
1.2 Service
1.2.1 Cloud Services
1.2.2 Professional Services
1.2.3 Integration Services
2. By Deployment Model:
2.1 Cloud-based
2.2 On-premise
3. By End User:
3.1 Large Enterprises
3.2 Small and Medium Businesses
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Wipro Limited
2. Halliburton
3. Accenture
4. Hewlett-Packard
5. Cisco Systems
6. Oracle Corporation
7. Microsoft Corporation
8. IBM Corporation
9. SAP SE
10. Infosys Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Oil and Gas Mobility Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.