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As per the latest report by IMARC Group, titled u201cEnhanced Oil Recovery (EOR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024u201d, the global enhanced oil recovery (EOR) market size is increasing at a steady rate.<br>
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Enhanced Oil Recovery Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Enhanced Oil Recovery Market Research Report: As per the latest report by IMARC Group, titled “Enhanced Oil Recovery (EOR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global enhanced oil recovery (EOR) market size is increasing at a steady rate. The process of oil production is generally divided into primary, secondary and tertiary phases. The primary oil recovery phase is limited to hydrocarbons that naturally rise to the surface; the secondary recovery phase employs water and gas injection, displacing the oil and pushing it to the surface; and the tertiary phase works by increasing the pressure and minimizing the viscosity of the oil. The tertiary recovery phase, also known as enhanced oil recovery (EOR), is currently gaining traction across the globe as it aids in increasing the amount of oil that can be recovered from a reservoir.
Report Description and Highlights Report Description Global Operational Intelligence (OI) Market Trends: The market is primarily driven by the increasing utilization of big data and business intelligence services across numerous industries. OI is extensively being deployed in numerous workplaces to support the automation of the decision-making process for enhancing market responses while minimizing process delays. They are also utilized to improve the overall performance of the organization and for upgrading their business processes. Coupled with the rising demand for centralized control and monitoring systems that offer real-time data regarding industrial activities, this is providing a thrust to the market growth. Moreover, OI is extensively deployed in the banking, financial services and insurance (BFSI) sector for ensuring uptime of critical financial systems. It is also being used in the logistics sector to gain real-time insights into supply chain operations. The increasing utilization of these services in the healthcare sector is also acting as a major growth- inducing factor. The rising focus on patient-centric care and the escalating need for streamlining workflows are supporting its uptake in the sector.
Report Description Report Description and Highlights Market Summary: Breakup by Deployment Type: •On-Premises •Cloud-Based Breakup by Organization Size: •Large Enterprises •Small Enterprises •Medium Enterprises Numerous players are now utilizing social media platforms as a key tool for gathering large amounts of actionable data related to the latest trends, thereby providing an impetus to the market growth. Some of the other factors contributing to the market growth include continual advancements in technology, rising incidences of security breaches across numerous sectors, and the increasing need for simplifying the data gathered from an IT infrastructure.
Report Description and Highlights Report Description Breakup By End Use: • BFSI • Manufacturing • Healthcare • Retail • Transportation and Logistics • Energy and Power • Telecom and IT • Others Breakup by Application: •Household •Commercial •Others On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 11.40% during 2021-2026. Request free sample Report :https://www.imarcgroup.com/enhanced-oil-recovery- market/requestsample
Report Description and Highlights Report Description On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. Competitive Landscape with Key Player: • Axway Inc. • Intelligent InSites Inc. (Infor) • OpenText Corp. • Oversight Systems Inc. • SAP SE • Software AG • Space Time Insight Inc. (Nokia) • Splunk Inc. • SQLsteam and Vitria Technology, Inc. (Innovation Technology Group, Inc) View Full Customization Report with TOC and List of Figure: https://www.imarcgroup.com/operational-intelligence-market
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