DUBLIN, July 09, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/6hmpnn/global_smart) has announced the addition of the "Global Smart Oilfield IT Services Market 2015-2019" report to their offering.
The global smart oilfield IT services market to grow at a CAGR of 5.93% over the period 2014-2019.
Smart oilfield services comprise IT services, including IT consulting, business consulting, integrating services, and outsourcing services. The implementation of these services enables companies to increase production, improve recovery rates, and cut capital and operating expenses. In addition, the time-to-value also gets enhanced with the implementation of these services.
Effective implementation of big data in the oil and gas industry is likely to benefit both traditional and digitized oilfields. Big data analytics is one of the major trends in the market. With increase in volume of data from different channels, analytics solutions are being adopted by smart oilfield IT services providers to gain meaningful insights and formulate strategies.
According to the report, fluctuating oil prices and increased regulations have increased the operational costs for smart oilfields. IT service providers are offering a comprehensive range of services from integration to analytics, resulting in better control of activities in oilfields.
Further, the report states that corporate data security is one of the strongest barriers to the adoption of IT services in the oil and gas sector.
- Tata Consultancy Services
Other Prominent Vendors
- L&T Infotech
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Impact of Government Regulations on Oil and Gas Drilling Sector
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/6hmpnn/global_smart
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets