Emerging Upstarts and Market Transitions in the Global Digital Oilfield Data Management Market
The advent of intelligent sensors and a pressing need for enterprise collaboration have resulted in Big Data and Analytics gaining significant momentum in the upstream oil and gas (O&G) industry.
Geological data collection to improve recovery rates and equipment monitoring to streamline maintenance operations hold the greatest opportunity from an application standpoint.
From a product standpoint, the analytics segment is witnessing the highest growth (~%– %) as end users look to drive additional value from their connected devices.
While information management (IM) giants dominate the Big Data and Analytics market, strategic partnerships with niche solution providers will pave the way for a holistic solution approach.
Top companies to watch out for include Ayasdi, Inc.; Ayata; Datawatch; Flutura; Karmasphere Inc.; Mtell; Neudesic LLC; Pivotal Software, Inc; Predikto; RapidMiner; Skytree, Inc.; and TempoIQ.
About this report
The upstream oil and gas industry is moving toward an integrated ecosystem where end users will drive operational excellence from field to enterprise. While smart instruments and intelligent sensors have set the stage for more connected assets on-site, the ability to leverage raw data and derive actionable insights for improved productivity of operations has become imperative. This strategic insight provides a comprehensive competitive analysis of solution providers in the Big Data and Analytics market for the upstream O&G industry using Frost & Sullivan's Competitive Advantage and Market Positioning (CAMP) tool. As niche solution providers penetrate this space, strategic alliances and partnerships will ensure long-term sustainable growth.
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