Aug 02, 2019 (The Expresswire) — 360researchreports.com published “Global Oil & Gas Mobility Market” from its database. The report focuses on major leading industry players with information such as company profiles, product picture and specification.
Global “Oil and Gas Mobility Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Oil and Gas Mobility market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global Oil and Gas Mobility market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Playersin Oil and Gas Mobility Market Research Report 2019-2023
- Accenture Plc
- Infosys Ltd.
- Microsoft Corporation
- Oracle Corporation
- Hewlett Packard Enterprise Co
- IBM Corporation Company
- Wipro Ltd.
- SAP SE
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Overview of Oil and Gas Mobility Market:
The combination of offline access, high-volume data, and complex business files or data processing is a growing challenge in the oil and gas industry. Developing an enterprise mobility strategy can procure significant value in renovating the oil and gas business. It can reduce the time spent on mundane tasks and upsurge the overall productivity in the industry. Enterprise mobility solutions can lead to superior strategic achievements, enhanced recovery, and improved cost savings. Increasing usage of smartphones across the globe and developments of oil and gas specific mobile applications by various software giants are enabling is expected to solve the efficiency problems of oil and gas companies in coming years. In the upstream business, oil and gas companies can relish the ability to make better and quick decisions while far away from the fields. This results in significant savings and uninterrupted growth and development. Apart from this, various midstream companies can focus on optimizing and maintaining their networks through oil and gas mobility. Enhancing efficiency, safety drills, and logistics are other benefits to indulge into. Including the above benefits, downstream organizations can specifically augment their ability to visualize data. It helps them extend their value beyond the oil and gas refineries by real-time optimization of varied processes. Further, in order to continue surviving and thriving in the uncertainty environment, oil and gas producers are now transforming their operating and business models with urgency to reduce production costs by improving production efficiency in existing and new oil fields. Furthermore, as existing reserves continue to deplete, production optimization has become one of the most important areas to look after. The emergence of various oilfield mobile applications has the potential to counter the above challenges in the oil and gas industry. Therefore, need for production optimization and resurgence in oil and gas industry is expected to propel the growth of oil and gas mobility market over the coming years.Need for production optimization – Driving the Oil and Gas Mobility MarketSince 2015, low oil prices have forced many oil and gas companies to work their respective assets harder in order to maximize oil and gas output, without necessarily developing new capital projects. Such a difficult business environment is highlighting the importance of implementing smart strategies and innovation such as mobility solutions to continuously maintain or increase oil and gas production. Various existing oil and gas fields across the globe are depleting and has raised concerns among the oil and gas companies regarding the optimum production. Various oilfield service providers are developing software to tackle the lower production by oilfields. In early 2018, Weatherford International released a new software for its ForeSite production optimization platform, which combines physics-based models with advanced machine-learning data analytics to improve performance across conventional and unconventional oil and gas assets. The software integrates with the CygNet SCADA platform to create an end-to-end production optimization solution. Hence, increasing need for production optimization is considered to be one of the major drivers for the oil and gas mobility market.ability to visualize data. It helps them extend their value beyond the oil and gas refineries by real-time optimization of varied processes. Further, in order to continue surviving and thriving in the uncertainty environment, oil and gas producers are now transforming their operating and business models with urgency to reduce production costs by improving production efficiency in existing and new oil fields. Furthermore, as existing reserves continue to deplete, production optimization has become one of the most important areas to look after. The emergence of various oilfield mobile applications has the potential to counter the above challenges in the oil and gas industry. Therefore, need for production optimization and resurgence in oil and gas industry is expected to propel the growth of oil and gas mobility market over the coming years.North America Largest oil and gas mobility market at regional levelDrilling activities in North America have been increasing amidst rising oil and gas prices. The North American rig count reached 1118 in the first week of May 2018. The US accounted for 1032 rigs while Canada and Gulf of Mexico had 86 rigs and 19 rigs operating respectively. The figure was up by 114 from the 974 rig counts recorded in the first week of May 2017. This surge in drilling activities has created optimism in the North American Oil and gas market. North America is the region which has benefited the most from the shale business in past few years. Further, the shift from vertical to horizontal wells is the most important change to occur over the last decade in the region, allowing for greater formation access, while only incrementally increasing the cost of the well. Within a few years, North American nonconventional production has also exploded and has raised demand for data management obtained in huge numbers at production sites. With rising shale developments in the region, the amount of data produced from oilfields are only expected to rise and if properly managed, may prove to be a significant cost optimizer for the shale industry in the region.US Set to Maintain High Demand in Oil and Gas Mobility MarketThe total oil production in the US reached 6837000 bbl per day in April 2018, while the gas production touched 65,829 million cft per day. Moreover, the US rig count reached 1032 in the first week of May 2018 from 665 in the first week of January 2017. Hence, the oil and gas mobility platforms are extremely relevant for the highly competitive US shale market which has an abundance of drilled and producing well data. US companies are partnering software giants to digitalize their oilfields. For instance, in 2017, Chevron Corporation entered into a seven-year partnership with Microsoft Corp. establishing the company as Chevron’s primary cloud provider, accelerating the application of advanced technologies including analytics and the Internet of Things (IoT) to drive performance and improve efficiencies.
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Key Highlights from Oil and Gas Mobility Market Report 2019.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Oil and Gas Mobility industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Oil and Gas Mobility Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand and Supply and Effectiveness — Oil and Gas Mobility Market report additionally provides distribution, Production, Consumption for the complete industry.
Oil and Gas Mobility MarketTop Regions(regional analysis covers):-
- North America (the USA, Canada, andMexico)
- Europe (Germany, France, UK, Russia, andItaly)
- Asia-Pacific (China, Japan, Korea, India, andSoutheast Asia)
- South America, Middle East, andAfrica
Reasons to Purchase Oil and Gas Mobility Market ReportCurrent and future oil and gas mobility market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel).
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Oil and Gas Mobility Market 2019 Report Brief:-
- The report covers forecast and analysis for the Oil and Gas Mobility market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Oil and Gas Mobility market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Oil and Gas Mobility Market 2019 Research Report at
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