Global Smart Oilfield IT Services Market 2015-2019

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Global Smart Oilfield IT Services Market 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “The smart oilfield IT services market consists of IT consulting, business consulting, integrating services, and outsourcing services. The implementation of these services enables companies to integrate data for enhancing production, improving recovery rates, cutting capital and operating expenses, and enhance time-to-value.”

• 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.

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

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Global Smart Oilfield IT Services Market 2015-2019

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Vendors

To understand the vendor landscape and for a full list of vendors view our report:

Global Smart Oilfield IT Services Market 2015-2019

IBM

TCS

Wipro

IBM is one of the largest vendors in the global big data services market. The company offers various types of hardware, software, consulting, and infrastructure services.

TCS is an IT services company. It was established in 1968 as a division of Tata Sons and was incorporated as a separate entity in 1995. It delivers IT-enabled services, consulting, and business solutions to a wide range of industries worldwide.

Wipro was founded in 1945 and is headquartered in Bangalore, Karnataka, India. It is a global information technology, outsourcing, and consulting company, providing its services to over 900 clients spread across 60 countries.

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Market Landscape

• Technavio expects the market to grow at promising rate as more digital oilfields are transformed into smart oilfields.

• To derive insights from data collected, companies are looking for IT services that offer support, consulting, and outsourcing services.

• Companies in the oil and gas industries are continuously looking for cost-cutting solutions.

• Oilfield companies with legacy systems face major issues in data integration. In addition, they have to integrate smart grid components for smart oilfields to derive insights with the help of analytics solutions.

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Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Cost The cost at which IT services are offered is of paramount importance to clients. They prefer high quality service at a reasonable cost.

Security Clients seek highly secured IT environment from their service providers as they share confidential information.

SLA Well-defined SLAs are required, owing to the nature of services.

Geographical Presence Service providers must have presence in different locations.

Reliability and Capability

Services offered by vendors should be highly reliable as customers invest heavily in consulting of the technology and depend on professional service providers for implementation of the technology. Also, service providers must have an established reputation and expertise in the oil and gas industry.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Global Smart Oilfield IT Services Market 2015-2019

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