NEW YORK, Feb. 3, 2016 /PRNewswire/ -- Scope
This research service provides an analysis of ICT spend by the oil and gas sector in South Africa. The objective of the study is to contextualize ICT investment within the sector across 7 categories: cellular connectivity, cloud services, data centres, fixed and non-cellular connectivity, IT hardware, managed services, and systems integration. The analysis includes an overview of the oil and gas sector, drivers and restraints, and technology trends driving investment in ICT, highlighting both the current and future spend from 2015 to 2019. The base year for analysis is 2014.
•Information and communication technologies (ICT) aid and facilitate the ongoing transformation of the oil and gas sector. Reliance on managed ICT services underpins globalised operations and perpetual demand for digital infrastructure and operations.
•As technology develops, trends such as Big Data allow organisations to use predictive analytics to gain a comprehensive understanding of structured and unstructured data collected.
•The increasing uptake of communications technologies such as cloud services, mobility, and customised applications has helped organisations facilitate remote access to systems and distant capabilities in upstream and downstream operations.
•Oil and gas companies must take advantage of the new ICT innovations available to meet their business challenges and to gain competitive advantage.
•Total ICT spend by the South African oil and gas sector was $ xx million in 2014. By 2019, the ICT spend for the oil and gas sector is expected to grow at a compound annual growth rate (CAGR) of xx % reaching $ xx million.
•Technological advances and the promotion of connectivity by various stakeholders in South Africa have combined to produce a market that is extremely attractive to a range of ICT providers.
•Changing market dynamics have also pushed ICT providers to expand their product and service offerings away from basic connectivity, voice, and messaging revenues.
•In order to compete effectively, ICT service providers need to improve their understanding of particular industries and their specific ICT requirements over time.
•This evolution in strategy requires improved understanding of sector dynamics in order to better understand the impact of ICT developments on customer needs, particularly adoption trends.
•This document outlines Frost & Sullivan's syndicated research findings on ICT spend and emerging trends across the oil and gas sector in South Africa.
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