This industry research report outlines the market analysis and forecast for the global mobility management by oil and gas industry until 2019. This research report examines the key growth drivers and trends impacting the market shares for APAC, Americas, and EMEA. The leading vendors analyzed by this report include Accenture, Cisco, IBM, Microsoft, Oracle, and SAP.
Technavio’s market research analysts estimate the global mobility management by oil and gas industry to grow at a CAGR of 24% between 2015 and 2019. Oil and gas companies are investing in mobile solutions to manage their globally stationed workforce, assets, and compliance requirements. Currently, the Americas dominate the global market occupying around 43% of the total market share. However, the market is expected to witness rapid growth of EMEA and APAC regions over the next four years. Increase in exploration activities and energy demand will boost growth in these markets during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the mobility management segments by technology.
“With advances in technology, geophones installed in the oilfields help monitor and observe hydraulic fracture flow backs. Smart oilfields also measure and store data using installed fiber. The measurement includes different flow rates, pressures, temperatures, and other data such as electrical submersible pump parameters, and power usage. Considering the huge volumes of data generated, service providers are coming up with sophisticated algorithms and software tools to enhance decision-making and optimize productivity,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
The market is expected to witness huge demand for mobile analytics solutions in the upstream and downstream operations of the oil and gas sector. These mobile- based analytic solutions offers monitoring of key business indicators and, with the help of analytical solutions, companies are able to mitigate the risk before its occurrence.
The major players in the global mobility management by oil and gas industry include Accenture, Cisco, IBM, Microsoft, Oracle, and SAP. The market is highly fragmented in nature with a number of established IT players. Intense competition prevails in this market hence, the vendors need to differentiate their products on the basis of enhanced security solutions.
A more detailed analysis is available in the Technavio report, Global Mobility Management by Oil and Gas Industry 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Oilfield Equipment Market 2015-2019
- Oilfield Equipment Rental Market in Middle East 2015-2019
- Global Smart Oilfield IT Services Market 2015-2019
- Digital Oilfield Market- Global Trends and Industry Insights Until 2019
- Global Oilfield Communications Market 2015-2019
Further Readings:
