TechNavio recognizes the following companies as the key players in the Global Big Data Market in the Oil and Gas Sector: Hewlett-Packard Co. (HP), Hitachi Data Systems Corp., IBM Corp., and Oracle Corp.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: “The increasing demand for advanced analytics is one of the major trends in the Global Big Data market in the Oil and Gas sector. The planning and forecasting of production data, data generated from wells, and sets of data generated during seismic acquisition are some of the applications of advanced analytics. Advanced analytics helps in enhancing exploration and drilling efforts. Various advanced analytics projects include seismic data processing during exploration, competitive intelligence for development, identifying abnormalities during production data processing, and predictive maintenance for maintenance efforts. Advanced analytics also helps in efforts related to operational analytics, for instance, analyzing information such as weather patterns and ice flows can help analysts make connections with operational processes such as the impact of storms on rigs.”
According to the report, one of the major drivers is the huge data explosion. With the presence of a large amount of data, enterprises need big data solutions to automatically track the performance and behavior of the information stored in their IT systems. In addition, they require data analytics to develop innovative business strategies and improve their overall operational efficiency.
Further, the report states that the lack of awareness is one of the major challenges confronting this market. Enterprises in the Oil and Gas sector lack understanding of the importance of big data and are unaware of the ways to decode it, which is affecting the investments in big data.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Cloudera Inc., EMC Corp., IBM Corp., MapR Technologies Inc., Microsoft Corp., and SAP AG
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visithttps://www.technavio.com/report/global-big-data-market-oil-and-gas-secto…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report -Global Big Data Market in the Oil and Gas Sector 2012-2016
