Oil and Gas Analytics Market Size Analysis and Top Companies
The global oil and gas analytics market size is estimated at to hit around USD 64.19 billion by 2033 from USD 10.37 billion in 2024 with a CAGR of 22.45% from 2024 to 2033. The top companies operating in the oil and gas analytics market are Hitachi, IBM, Tibco Software, Tableau Software, Northwest Analyst, Teradata, and others.
Market Scope
| Report Coverage |
Details |
| Market Size in 2024 |
USD 10.37 Billion |
| Market Size by 2034 |
USD 78.60 Billion |
| Growth Rate from 2024 to 2034 |
CAGR of 22.45% |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Offering, By Deployment Platform, By Application, and By User |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Oil and Gas Analytics Market Companies
- Hitachi
- IBM
- Tibco Software
- Tableau Software
- Northwest Analyst
- Teradata
Recent Developments
- In January 2023, a leading work-site intelligence platform for the oil and gas industry, Eyrus, launched a new and advanced platform, ' Eyrus Evolved'. This platform is an end-to-end solution for the oil and gas industry and contractors to make better decisions related to progress, risk and safety.
- In October 2022, Texas A&M University and Peloton announced a collaboration of content for two courses in the Petroleum Engineering Curriculum of the university to empower future petroleum engineers. The partnership between Texas A&M University and Peloton aims to teach petroleum engineering students data management and analytics.
- In August 2022, multinational oil and gas company Shell announced that the company had built a new integrated data platform to accelerate the energy transition. Databricks has formed the basis of Shell's new unified data analytics platform. Databricks is a software company headquartered in the United States.
- In September 2022, a global provider of well-site services to the oil, gas and other energy industries, Geolog International, announced a strategic partnership with Petro.ai, an artificial intelligence company. The strategic partnership aims to provide machine learning and artificial intelligence-based data science, predictive products and services to the global energy industry.
- In July 2022, Cairn Oil &Gas decided to increase its cloud footprint by moving 80% of its workloads to the cloud. This decision aims to improve the company's processes, efficiency and cost optimization.
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