Global Oil and Gas Cloud Applications Market is expected to grow at a CAGR of 16.0% during 2018 to 2027.

Some of the key players in the Oil and Gas Cloud Applications market include ABB, Aspentech, Aucerna, Bentley Systems, Cisco Systems, Inc., IBM Corporation, IFS, Infor, Microsoft Corporation, Oracle Corporation, PetroCloud LLC, Quorum Software, Risk Edge Solutions, and TIBCO Software Inc.

Gaithersburg, Maryland, United States - December 3, 2019 /MarketersMedia/ —

Growing adoption of private cloud for encrypting data and lowering operational costs are likely to boost the growth of the oil and gas cloud applications market. However, stringent government rules and regulatory compliances is likely to hamper the profit boundaries.

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Oil and gas sector deals with a huge volume of data, which is significantly sensitive as it constitutes to the national income of many countries. Cloud applications are solutions based on Software-as-a-Service platform for storing and accessing critical data. The software solutions offered by cloud-based service providers specifically for oil and gas industry are termed as oil and gas cloud applications. These solutions consist of different offerings from web hosting services offered by local providers to integrated technologies provided by large enterprises with world-class infrastructure.

Based on component, the Enterprise Asset Management (EAM) segment is estimated to have a lucrative growth due to the demand for high-functioning assets and uninterrupted uptime in the oil and gas industry.

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By geography, Europe is likely to have a huge demand due to the presence of major vendors which have a direct presence through corporate offices and Research and Development (R&D) centers or an indirect presence through sales and distribution channel partners.

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Operations Covered:
• Downstream
• Midstream
• Upstream

Deployment Models Covered:
• Hybrid
• Private
• Public

Components Covered:
• Services
• Solutions

End-Users Covered:
• Large Enterprises
• Small & Medium Business Enterprises

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Source URL: https://marketersmedia.com/global-oil-and-gas-cloud-applications-market-is-expected-to-grow-at-a-cagr-of-160-during-2018-to-2027/88937230

Source: MarketersMedia

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