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Global IT Spending Market in the Oil and Gas Industry 2016-2020

About Global IT Spending in the Oil and Gas Industry

The oil and gas industry includes processes of hydrocarbon exploration, extraction, refining, and transportation. The finished product is transported by tankers and pipelines and is subsequently marketed. The industry's largest volume products are fuel oil and gasoline. Products such as petroleum are often used as the raw material to manufacture fertilizers, solvents, pharmaceuticals, plastics, and pesticides. The overall industry is divided into three major components, upstream, midstream, and downstream operations. The oil and gas industry has exerted significant efforts to boost operational efficiency and reduce costs. To that end, information technologies have emerged as a core component of almost all industry operations, from extraction to logistics and sales.

Technavio’s analysts forecast the Global IT Spending in Oil and Gas Industry to generate revenues of USD 48.54 billion during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Global IT Spending in Oil and Gas Industry for 2016-2020.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global IT Spending in Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Dell
  • IBM
  • Infosys
  • SAP
Other prominent vendors
  • ABB
  • Alcatel-Lucent
  • Capgemini
  • CGI Group
  • Cisco Systems
  • CSC
  • GE Oil and Gas
  • Hitachi
  • Huawei Technologies
  • Indra Sistemas
  • HCL Technologies
  • Oracle
  • Siemens
  • TCS
  • Tech Mahindra
  • Wipro
Market driver
  • Enhances resource efficiency
  • For a full, detailed list, view our report
Market challenge
  • Increased complexity of operation process
  • For a full, detailed list, view our report
Market trend
  • Digital oil field framework
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 IT Spending in Oil and Gas Industry 2016-2020

Technavio recognizes the following companies as the key players in the Global IT Spending in Oil and Gas Industry: Dell, IBM, Infosys, and SAP.

Other Prominent Vendors in the market are: ABB, Alcatel-Lucent, Capgemini, CGI Group, Cisco Systems, CSC, GE Oil and Gas, Hitachi, Huawei Technologies, Indra Sistemas, HCL Technologies, Oracle, Siemens, TCS, Tech Mahindra, and Wipro.

Commenting on the report, an analyst from Technavio’s team said: “A noteworthy trend is the development of digital oil field frameworks. The need to boost production and asset performance has enabled oil and gas enterprises to automate workflows and integrate business processes across upstream operations. It has prompted the integration of information technologies that enable better collaboration and real-time operations. The digital oil field basically comprises technology-centric solutions that help enterprises to leverage limited resources.”

According to the report, a key growth driver is the enhanced efficiency of resources. The adopted methodologies for consistent monitoring generate more than a terabyte of data by a single field per day. This has created a requirement for reliable and consistent data access and analysis. Data is collected to measure pump performance, pressure changes, fluid composition, and temperature changes. Such data is complex and voluminous and the transferring of such forms of data across unconnected, disparate architecture often slows down interdepartmental communications. However, an IT-enabled approach helps deliver business value by enabling companies to turn raw data into actionable information.

Further, the report states that one challenge that could hamper market growth is the increased complexity of the operations process. "

Companies Mentioned

Dell, IBM, Infosys, SAP, ABB, Alcatel-Lucent, Capgemini, CGI Group, Cisco Systems, CSC, GE Oil and Gas, Hitachi, Huawei Technologies, Indra Sistemas, HCL Technologies, Oracle, Siemens, TCS, Tech Mahindra, Wipro.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Countries covered for market analysis
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Economic overview
  • Market landscape
    • Market overview
      • Table IT solutions offered in oil and gas industry
    • Market size and forecast
      • Table Global IT spending in oil and gas industry ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by category
    • Segmentation of global IT spending in oil and gas industry by category
      • Table Segmentation of global IT spending by category in oil and gas industry 2015
      • Table Segmentation of global IT spending by category in oil and gas industry 2020
      • Table Segmentation of global IT spending in oil and gas industry by category 2015-2020 ($ billions)
      • Table Segmentation of global IT spending in oil and gas industry by category 2015-2020
    • Hardware
      • Table Global IT spending on hardware in oil and gas industry 2015-2020 ($ billions)
    • Software
      • Table Global IT spending on software in oil and gas industry 2015-2020 ($ billions)
    • Services
      • Table Global IT spending in oil and gas industry on services 2015-2020 ($ billions)
  • Geographical segmentation
    • Segmentation of global IT spending in oil and gas industry by geography
      • Table Segmentation of global IT spending in oil and gas industry by geography 2015
    • Americas
    • EMEA
    • APAC
  • Market drivers
    • Aids in optimizing production
    • Enable cost-effective inspections
    • Enhances efficiency of resources
    • Provision of security solutions
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Need for quick building of multidisciplinary technical expertise in workforce
    • Increased complexity of operation process
    • Reduced profitability of oil and gas providers
    • Compliance with regulations and guidelines
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Digital oil field framework
      • Table Service map of digital oilfield services offered by prevalent vendors
    • Big data analytics
    • Wireless technologies
    • Mobility management
  • Vendor landscape
    • Competitive landscape
    • Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • Dell
      • Table Dell: Energy industry service offerings
    • IBM
      • Table IBM: Oil and gas industry service offerings
    • Infosys
      • Table Infosys: Service offerings
      • Table Infosys: Oil and gas industry offerings
    • SAP
      • Table SAP: Oil and gas solutions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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