HOUSTON, Oct. 11, 2016 /PRNewswire/ -- KPMG's global oil and gas practice was named a Leader in oil and gas professional services in the IDC MarketScape: Worldwide Oil and Gas Professional Services 2016 Vendor Assessment (doc #US40842116, August 2016*).
The IDC MarketScape report is based on research and more than 30 interviews with major oil and gas companies, oilfield services companies, and manufacturers of oilfield equipment. Along with KPMG, 12 other professional services providers were assessed in areas including solutions unique to the oil and gas industry, geographic presence and capabilities around business and management consulting, IT consulting, outsourcing, and systems integration.
"It is a great honor to be recognized as a Leader in oil and gas services and underscores our long-standing commitment to the industry," said Regina Mayor, Global Sector Head, Energy and Natural Resources, KPMG in the U.S. "We continue to make investments to enhance our ability to apply a strategic look at the impacts of disruptive technologies to help clients address the challenges they are facing."
The IDC MarketScape's analysis noted the time and resources KPMG dedicates to providing strategic, tailored services to the oil and gas industry, referencing work across the entire value chain. Chris Niven, Research Director, IDC Energy Insights said, "KPMG invests significant time and resources to provide strategic services that are truly tailored to the specific needs of the industry and has developed an oil and gas IT practice with unique capabilities to help clients address the huge challenges they face today." Additionally, KPMG's relationships with clients stood out in the analysis, which Mr. Niven found to show "how a consultancy and its client can collaborate to solve global problems."
"Our capabilities across the entire oil and gas value chain have been developed carefully with deep understanding of the issues affecting companies and an eye on emerging trends," said Mayor. "The strength of KPMG's services lies in our ability to tap into a wealth of local knowledge and expertise for the benefit of the entire global network."
About KPMG International
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and have 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
About IDC MarketScape:
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors.
*IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.
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SOURCE KPMG LLP