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Oil and Gas Analytics Market size is forecast to reach over 25 billion by 2024.

Oil and Gas Analytics Market size is forecast to reach over 25 billion by 2024. Low crude prices and high drilling costs will drive the global oil and gas analytics market during the forecast period

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Oil and Gas Analytics Market size is forecast to reach over 25 billion by 2024.

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  1. Oil and Gas Analytics Market 2016-2024

  2. Global Market Scenario of Oil and Gas Analytics Oil and Gas Analytics Market size is forecast to reach over 25 billion by 2024. Low crude prices and high drilling costs will drive the global oil and gas analytics market during the forecast period Analytic software is the tool which is used to analyse big data and provide actionable judgement for improving efficiency of business process of upstream, midstream and downstream sector. This software also helps companies to make an accurate and swift decision at right time, enhance productivity and finding the main cause of production loss, reduce finance risk, reduce asset maintenance cost and examine supply chain performance by analysing real time data. These analytics services offer potential to enhance productivity by 6% to 8%. Analytic services include sensing and monitoring instruments, hardware and software program etc. https://www.gminsights.com/industry-analysis/oil-and-gas-analytics-market

  3. Continue..... Global oil and gas analytics market size has been classified on the basis of software (upstream, midstream and downstream), services (professional services, cloud services, integration Services) and deployment (on-premises, hosted). Upstream software includes exploration and drilling analytics, field surveillance and monitoring analytics, production planning and forecasting analytics, equipment maintenance management analytics, asset performance analytics, workforce management analytics. Midstream software includes Pipeline SCADA analytics, fleet analytics, storage optimization analytics. Downstream software includes commodity trading analytics, demand forecasting analytics, pricing analytics, refining analytics. The analytic services find its wide application in upstream and contribute 50% of the total oil and gas analytic market, midstream market is accounted for around 30% and downstream accounted for 20% of oil and gas analytic market in 2015. Get more detail @ https://www.gminsights.com/request-toc/upcoming/685

  4. Latest Research Report On Oil Storage Market@ https://www.gminsights.com/industry-analysis/oil-and-gas-analytics-market Download Latest Report PDF @ https://www.gminsights.com/request-toc/upcoming/685

  5. Stay In Touch You can visit us at: www.gminsights.com

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