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

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Oil and Gas Analytics Market 2016-2024
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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
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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
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