About Big Data in Oil and Gas sector
Big data solutions are the wide range of solutions required for processing and analyzing enterprise data, which are too large for traditional data processing tools to manage. The oil and gas sector generates various types of structured and unstructured data.
The type of data ranges from terabytes (10^12 bytes) to zettabytes (10^21 bytes) in size. Big data solutions are used in the oil and gas sector to provide a fast consolidated view of organization-wide information. Big data solutions also help organizations to improve their operational performance and maximize profitability.
Technavio’s analysts forecast the global big data market in the oil and gas sector to grow at a CAGR of 30.67% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global big data market in the oil and gas sector for the period 2016?2020. To calculate the market size, the report considers the revenue generated from the sales of big data solutions in the oil and gas sector from the following:
Software licenses and subscriptions
Software implementation costs
Technical support and maintenance costs
Technavio’s report, Global Big Data in Oil and Gas sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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