Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 October 21, 2015 - 8:02 AM EDT
Print Email Article Font Down Font Up
Research and Markets: Big Data in Global Oil & Gas Market: Key Trends, Market Opportunities and Industry Forecast 2015-2020

Research and Markets ( has announced the addition of the "Big Data in Global Oil & Gas Market: Key Trends, Market Opportunities and Industry Forecast 2015-2020" report to their offering.

Big Data in Global Oil & Gas market is expected to grow at a CAGR of 30% representing huge opportunities in this sector. This growth is driven by increasing penetration of big data, increase in analytics services and availability of affordable big data solutions and services to end users.

Big Data in the Oil & Gas Industry controls 10% market share in terms of revenue in the Global Big Data market. It is expected to become the fifth largest industry in terms of its market share position in 2020.

Organizations worldwide are turning their attention to Big Data as a useful means to derive insights from the huge amount of data generated from various sources. Technologies such as NoSQL databases and MapReduce/Hadoop frameworks are at the core of the solutions heralding a paradigm shift.

This research found that high investment costs, lack of awareness and novelty have been the main threats for new entrants in the Big Data space. There are a few major players who control the entire value chain. However, many smaller players have mushroomed who provide consulting in the Analytics space. This research also found that most organizations misunderstand Big Data and it is important to educate the end users through face to face interactions.

Key Topics Covered:

1. Executive Summary

2. Global Big Data Market - Overview

3. Need for Big Data in Oil & Gas Sector

4. Forecast for Big Data in Global Oil & Gas Market 2015-2020

5. Growth Drivers and Inhibitors for Big Data in Global Oil & Gas Market

6. Big Data Industry Value Chain

7. Profile of Key Players in Global Big Data Market

8. Case Study for Big Data in Oil & Gas

9. Analysis Models

10. Strategic Recommendations

Companies Mentioned:

  • TEG Analytics
  • Heckyl Technologies
  • KloudData Inc.
  • Gramener
  • Germin8
  • VIS Networks Pvt. Ltd.
  • Abzooba
  • Fintellix
  • Latentview
  • Indix
  • Analytic-Edge
  • Tookitaki

For more information visit

Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Gas, Big Data

Source: Business Wire (October 21, 2015 - 8:02 AM EDT)

News by QuoteMedia