Market Research Logo

Global Smart Oilfield IT Services Market 2015-2019

Global Smart Oilfield IT Services Market 2015-2019

About Smart Oilfield IT Services

With the presence of volatile market conditions, global energy requirements are continuing to rise, creating challenging competitive environment for companies in the O&G sector. Forecasting and budgeting have become extremely difficult in the face of ongoing price volatility and many other uncertainties in the oil sector. The challenging environment has forced companies to look for innovative, upstream oil technologies. Furthermore, the volume and detail of data generated in exploration and production need to be put into better use so that the O&G companies can gain value from the same and act upon the insights generated by data produced during exploration and production. Smart oilfield services comprise IT services, including IT consulting, business consulting, integrating services, and outsourcing services. The implementation of these services enables companies to increase production, improve recovery rates, and cut capital and operating expenses. In addition, the time-to-value also gets enhanced with the implementation of these services.

Technavio's analysts forecast the global smart oilfield IT services market to grow at a CAGR of 5.93% over the period 2014-2019.

Covered in this Report

The global smart oilfield IT services market is segmented on the basis of geography.

Technavio's report, Global Smart Oilfield IT Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Key Vendors

  • Accenture
  • IBM
  • Tata Consultancy Services
  • Wipro
Other Prominent Vendors
  • Capgemini
  • CGI
  • Cisco
  • Deolitte
  • EDS
  • EMC
  • Energistics
  • Huabei
  • Infosys
  • KPMG
  • L&T Infotech
  • Microsoft
  • PwC
  • SAS
  • Schlumberger
  • TCS
  • TechMahindra
  • Wipro
Market Driver
  • Cost Reduction
  • For a full, detailed list, view our report
Market Challenge
  • Security Concerns
  • For a full, detailed list, view our report
Market Trend
  • Big Data Analytics
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Oilfield IT Services Market 2015-2019

Technavio recognizes the following companies as the key players in the global smart oilfield IT services market: Accenture, IBM, Tata Consultancy Services and Wipro

Other Prominent Vendors in the market are: Capgemini, CGI, Cisco, Deolitte, EDS, EMC, Energistics, Huabei, Infosys, KPMG, L&T Infotech, Microsoft, PwC, SAS, Schlumberger, TCS, TechMahindra and Wipro

Commenting on the report, an analyst from Technavio’s team said: “Effective implementation of big data in the oil and gas industry is likely to benefit both traditional and digitized oilfields. Big data analytics is one of the major trends in the market. With increase in volume of data from different channels, analytics solutions are being adopted by smart oilfield IT services providers to gain meaningful insights and formulate strategies.”

According to the report, fluctuating oil prices and increased regulations have increased the operational costs for smart oilfields. IT service providers are offering a comprehensive range of services from integration to analytics, resulting in better control of activities in oilfields.

Further, the report states that corporate data security is one of the strongest barriers to the adoption of IT services in the oil and gas sector.

Companies Mentioned

Accenture, IBM, Tata Consultancy Services, Wipro, Capgemini, CGI, Cisco, Deolitte, EDS, EMC, Energistics, Huabei, Infosys, KPMG, L&T Infotech, Microsoft, PwC, SAS, Schlumberger, TCS, TechMahindra, Wipro

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Services Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Situation Overview
      • Introduction to Digital Oilfield
        • Table Smart Oilfield IT Services Value Chain
      • Market Size and Forecast
        • Table Global Smart Oilfield IT Services Market 2014-2019 ($ billions)
    • Five Forces Analysis
  • Impact of Government Regulations on Oil and Gas
  • Geographical Segmentation
    • Global Smart Oilfield IT Services Market by Geographical Segmentation 2014
      • Table Segmentation of Global Smart Oilfield IT Services Market by Geography 2014
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Key Vendor Analysis 2013
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Accenture
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Accenture: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Accenture: Business Segmentation by Revenue 2012 and 2013 ($ millions)
      • Geographical Segmentation by Revenue 2013
        • Table Accenture: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Key Information
      • SWOT Analysis
    • IBM
      • Key Facts
      • Business Description
      • Business Segmentation
        • Table IBM: Business Segmentation
      • Revenue Segmentation by Business Segment
        • Table IBM: Revenue Segmentation by Business 2013
      • Revenue Segmentation by Business Operation
        • Table IBM: Revenue Segmentation 2013
      • Revenue Comparison of Business Segments 2012 and 2013
        • Table IBM: Revenue Comparison of Business Segments 2012 and 2013 ($ millions)
      • Revenue Segmentation by Geography
        • Table IBM: Revenue Segmentation by Geography 2013
      • Business Strategy
      • Key Developments
      • SWOT Analysis
    • TCS
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table TCS: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table TCS: Business Segmentation by Revenue 2012 and 2013 ($ billions)
      • Geographical Segmentation by Revenue 2013
        • Table TCS: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent developments
      • SWOT Analysis
    • Wipro
      • Key Facts
      • Business Overview
      • Revenue by Business Segmentation 2014
        • Table Wipro: Revenue by Business Segmentation 2014
      • Revenue by Business Segmentation 2013 and 2014
        • Table Wipro: Revenue by Business Segmentation 2013 and 2014 ($ billions)
      • Revenue by Geographical Segmentation 2014
        • Table Wipro: Revenue by Geographical Segmentation 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report