Digital Transformation in the Oil and Gas Market Analysis APAC, North America, Middle East and Africa, Europe, South America - US, Saudi Arabia, China, India, Russia - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 197 SKU: IRTNTR71703

Digital Transformation in the Oil and Gas Market 2024-2028 :

The Digital Transformation in the Oil and Gas Market size is estimated to grow at a CAGR of 16.73% between 2023 and 2028. The market size is forecast to increase by USD 68.64 billion. The growth of the market depends on several factors, including the rise in investments and partnerships, the rising pressure to improve operational efficiency, and the growing need for advanced technologies in exploration activities. Digital transformation is the process of using digital technologies to revamp business processes to meet changing business and market needs. The integration of new and advanced technologies into upstream, midstream, and downstream areas of business allows oil and gas organizations to optimize operations, increase workforce productivity, ensure production efficiency, and reduce costs. To capitalize on the opportunities offered by digital transformation, oil and gas organizations collaborate with technology providers to either deploy or develop new technologies based on business requirements. Organizations in the oil and gas industry can adopt various technologies, such as artificial intelligence (AI), machine learning (ML), IoT, augmented reality (AR), virtual reality (VR), and high-performance computing (HPC), to enhance operational efficiency and reduce the time-to-market.

The report offers extensive research analysis on the Digital Transformation in the Oil and Gas Market, with a categorization based on Technology, including IoT, E&P software, big data, cloud computing, and others. It further segments the market by Sector, encompassing downstream, upstream, and midstream. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

What will be the Size of the Digital Transformation Market In The Oil And Gas Industry During the Forecast Period?

For More Highlights About this Report, Download Free Sample in a Minute 

Digital Transformation Market in the Oil and Gas Industry Overview

Driver

One of the key factors driving the digital transformation market in the oil and gas industry growth is the growing need for advanced technologies in exploration activities. The constantly rising demand for energy products is fuelling the need to increase exploration activities in the oil and gas industry.  In addition, advanced technologies, such as AI and big data solutions, can enable and improve oil and gas exploration and production.

Moreover, the process of exploration requires the analysis of huge volumes of data, such as seismic data, equipment data, and environmental data, to detect new reserves of oil and gas. In addition, oil and gas producers need to consider various factors, such as costs, environmental impact, and occupational safety during drilling activities in oil and gas exploration. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Trends

A key factor shaping the digital transformation market in the oil and gas industry growth is the rise in edge computing. Edge computing can be referred to as the practice of processing data at the closest point of data origin instead of processing it in a centralized data warehouse. In addition, the deployment of data processing techniques at remote locations will benefit companies involved in oil and gas exploration.

Moreover, the high volumes of data generated are increasing the need to implement edge computing solutions to run operations efficiently in oil and gas operations. For example, oil and gas companies are integrating edge computing with AI in IIoT applications to offer real-time operational intelligence directly to the people in the oilfield. Furthermore, the implementation of edge computing in IIoT allows the remote connection of offshore rigs, compression stations, and pipelines and enables smart rigs to process data and communication in real time. Hence, such factors are driving the market growth during the forecast period.

Restrain

Lack of skilled labor is one of the key challenges hindering the digital transformation market in the oil and gas industry market growth. Several oil and gas producers are increasingly emphasizing ways to integrate advanced technologies, including AI, ML, IoT solutions, and big data analytics, to increase their return on investments. In addition, big data has gained momentum owing to increasing awareness about data-driven solutions.

However, the conversion of huge datasets into actionable insights using big data analytics solutions needs technology and expertise in analytics. In addition, identifying the relevant data that needs to be stored and processed is also a major challenge that professionals face in data processing. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

Digital Transformation Market in the Oil and Gas Industry Segmentation  by Technology

The IoT segment is estimated to witness significant growth during the forecast period. The production and distribution of oil and gas are carried out in some of the most remote and harshest conditions on the earth. In addition, disparities in oil and gas demand and supply, as well as the volatility in global energy prices, increase the economic pressure on oil and gas industry participants. Hence, oil and gas companies are increasingly focusing on improving and extending the value of their existing assets while simultaneously searching for new reserves.

Get a glance at the market contribution of various segments Download the PDF Sample

The IoT segment was the largest segment and was valued at USD 13.82 billion in 2018. Moreover, the increasing need for transparency in operations and tighter controls on production and distribution are driving oil and gas operators to adopt wireless IoT technology to enhance and optimize the production and distribution chain. In addition, the implementation of IoT is projected to transform the oil and gas industry at a rapid pace. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Digital Transformation Market in the Oil and Gas Industry Segmentation By Sector

The advantages of AI in the downstream sector segment will increase the market growth. In the downstream segment, the finished goods are processed and supplied to end users. This segment also provides final goods to retailers. Moreover, diesel, gasoline, natural gas, and so forth are sourced directly from downstream oil and gas industries. In addition, the downstream oil and gas industry digitalization is less developed than in other industries. Improving business processes is required for the downstream oil and gas industry to effectively execute a digital transformation framework. Therefore, improved usage of maintenance and technical resources might boost workforce productivity. Furthermore, basic digital support solutions, such as digital twins and AI-based simulations, can help the industry by lowering maintenance costs, increasing employee productivity, decreasing industrial downtime, and further fueling the growth of the global digital transformation market in the oil and gas industry during the forecast period.

Regional Overview

For more insights on the market share of various regions Download PDF Sample now!

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for oil and gas products in APAC is constantly increasing, which is fuelling oil and gas companies in the region to expand their production capacities. The oil and gas companies in the region are making huge investments in analytical technologies to increase their production capacities to meet the growing demand for oil and gas products worldwide. In addition, China, Indonesia, Malaysia, and India are some of the major producers of oil and gas in APAC. Moreover, oil and gas companies in the region are investing in advanced technologies, such as AI and big data analytics, to enhance their productivity and reduce operational costs. Hence, such factors are driving the market growth in APAC during the forecast period.

Digital Transformation Market In The Oil And Gas Industry Customer Landscape

The digital transformation market in the oil and gas industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Digital Transformation Market in the Oil and Gas Industry Customer Landscape

Who are the Major Digital Transformation Market in the Oil and Gas Industry Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Accenture Plc: The company offers digital transformation in oil and gas solutions such as digital twin, intelligent digital platform, and industry 4.0 reference architecture.

Amazon.com Inc: The company offers digital transformation in oil and gas solutions such as OSDU, connected field work, and production monitoring and surveillance.

Computer Modelling Group Ltd: The company offers digital transformation in oil and gas solutions such as Aveva PI system. In this software, tools specifically designed to manage and analyze information, make it easier for operators to draw insights from their data quickly and effectively.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • General Electric Co.
  • Halliburton Co.
  • Informatica Inc.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • NVIDIA Corp.
  • Oracle Corp.
  • Rockwell Automation Inc.
  • SAP SE
  • Siemens AG
  • Sierra Wireless Inc.
  • Tata Consultancy Services Ltd.
  • Teradata Corp.
  • TIBCO Software Inc.
  • AVEVA Group Plc
  • Emerson Electric Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The digital transformation market in the oil and gas industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028.

  • Technology Outlook
    • IoT
    • E&P software
    • Big data
    • Cloud computing
    • Others
  • Sector Outlook
    • Downstream
    • Upstream
    • Midstream
  • Geography Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Digital Transformation Market In The Oil And Gas Industry Scope

Report Coverage

Details

Page number

197

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.73%

Market Growth 2024-2028

USD 68.64 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

16.17

Regional analysis

APAC, North America, Middle East and Africa, Europe, and South America

Performing market contribution

APAC at 38%

Key countries

US, Saudi Arabia, China, India, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Accenture Plc, Amazon.com Inc., Computer Modelling Group Ltd., General Electric Co., Halliburton Co., Informatica Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., Oracle Corp., Rockwell Automation Inc., SAP SE, Siemens AG, Sierra Wireless Inc., Tata Consultancy Services Ltd., Teradata Corp., TIBCO Software Inc., AVEVA Group Plc, and Emerson Electric Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download PDF Sample

What are the Key Data Covered in this Digital Transformation Market In The Oil And Gas Industry Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Middle East and Africa, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies 

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Sector
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global digital transformation market in oil and gas industry 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global digital transformation market in oil and gas industry 2018 - 2022 ($ billion)
    • 4.2 Technology Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Technology Segment 2018 - 2022 ($ billion)
    • 4.3 Sector Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Sector Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)
    • 6.2 Comparison by Technology
      • Exhibit 32: Chart on Comparison by Technology
      • Exhibit 33: Data Table on Comparison by Technology
    • 6.3 IoT - Market size and forecast 2023-2028
      • Exhibit 34: Chart on IoT - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on IoT - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on IoT - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on IoT - Year-over-year growth 2023-2028 (%)
    • 6.4 E and P software - Market size and forecast 2023-2028
      • Exhibit 38: Chart on E and P software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on E and P software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on E and P software - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on E and P software - Year-over-year growth 2023-2028 (%)
    • 6.5 Big data - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Big data - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Big data - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Big data - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Big data - Year-over-year growth 2023-2028 (%)
    • 6.6 Cloud computing - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Cloud computing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Cloud computing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Cloud computing - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Cloud computing - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Technology
      • Exhibit 54: Market opportunity by Technology ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Technology ($ billion)

    7 Market Segmentation by Sector

    • 7.1 Market segments
      • Exhibit 56: Chart on Sector - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Sector - Market share 2023-2028 (%)
    • 7.2 Comparison by Sector
      • Exhibit 58: Chart on Comparison by Sector
      • Exhibit 59: Data Table on Comparison by Sector
    • 7.3 Downstream - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Downstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Downstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Downstream - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Downstream - Year-over-year growth 2023-2028 (%)
    • 7.4 Upstream - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Upstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Upstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Upstream - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Upstream - Year-over-year growth 2023-2028 (%)
    • 7.5 Midstream - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Midstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Midstream - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Midstream - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Midstream - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Sector
      • Exhibit 72: Market opportunity by Sector ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Sector ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.6 Europe - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Saudi Arabia - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 9.11 Russia - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 115: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Accenture Plc
              • Exhibit 127: Accenture Plc - Overview
              • Exhibit 128: Accenture Plc - Business segments
              • Exhibit 129: Accenture Plc - Key news
              • Exhibit 130: Accenture Plc - Key offerings
              • Exhibit 131: Accenture Plc - Segment focus
            • 12.4 Amazon.com Inc.
              • Exhibit 132: Amazon.com Inc. - Overview
              • Exhibit 133: Amazon.com Inc. - Business segments
              • Exhibit 134: Amazon.com Inc. - Key news
              • Exhibit 135: Amazon.com Inc. - Key offerings
              • Exhibit 136: Amazon.com Inc. - Segment focus
            • 12.5 AVEVA Group Plc
              • Exhibit 137: AVEVA Group Plc - Overview
              • Exhibit 138: AVEVA Group Plc - Business segments
              • Exhibit 139: AVEVA Group Plc - Key offerings
              • Exhibit 140: AVEVA Group Plc - Segment focus
            • 12.6 Emerson Electric Co.
              • Exhibit 141: Emerson Electric Co. - Overview
              • Exhibit 142: Emerson Electric Co. - Business segments
              • Exhibit 143: Emerson Electric Co. - Key news
              • Exhibit 144: Emerson Electric Co. - Key offerings
              • Exhibit 145: Emerson Electric Co. - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 146: General Electric Co. - Overview
              • Exhibit 147: General Electric Co. - Business segments
              • Exhibit 148: General Electric Co. - Key news
              • Exhibit 149: General Electric Co. - Key offerings
              • Exhibit 150: General Electric Co. - Segment focus
            • 12.8 Halliburton Co.
              • Exhibit 151: Halliburton Co. - Overview
              • Exhibit 152: Halliburton Co. - Business segments
              • Exhibit 153: Halliburton Co. - Key news
              • Exhibit 154: Halliburton Co. - Key offerings
              • Exhibit 155: Halliburton Co. - Segment focus
            • 12.9 Intel Corp.
              • Exhibit 156: Intel Corp. - Overview
              • Exhibit 157: Intel Corp. - Business segments
              • Exhibit 158: Intel Corp. - Key news
              • Exhibit 159: Intel Corp. - Key offerings
              • Exhibit 160: Intel Corp. - Segment focus
            • 12.10 International Business Machines Corp.
              • Exhibit 161: International Business Machines Corp. - Overview
              • Exhibit 162: International Business Machines Corp. - Business segments
              • Exhibit 163: International Business Machines Corp. - Key news
              • Exhibit 164: International Business Machines Corp. - Key offerings
              • Exhibit 165: International Business Machines Corp. - Segment focus
            • 12.11 Microsoft Corp.
              • Exhibit 166: Microsoft Corp. - Overview
              • Exhibit 167: Microsoft Corp. - Business segments
              • Exhibit 168: Microsoft Corp. - Key news
              • Exhibit 169: Microsoft Corp. - Key offerings
              • Exhibit 170: Microsoft Corp. - Segment focus
            • 12.12 Oracle Corp.
              • Exhibit 171: Oracle Corp. - Overview
              • Exhibit 172: Oracle Corp. - Business segments
              • Exhibit 173: Oracle Corp. - Key news
              • Exhibit 174: Oracle Corp. - Key offerings
              • Exhibit 175: Oracle Corp. - Segment focus
            • 12.13 Rockwell Automation Inc.
              • Exhibit 176: Rockwell Automation Inc. - Overview
              • Exhibit 177: Rockwell Automation Inc. - Business segments
              • Exhibit 178: Rockwell Automation Inc. - Key news
              • Exhibit 179: Rockwell Automation Inc. - Key offerings
              • Exhibit 180: Rockwell Automation Inc. - Segment focus
            • 12.14 SAP SE
              • Exhibit 181: SAP SE - Overview
              • Exhibit 182: SAP SE - Business segments
              • Exhibit 183: SAP SE - Key news
              • Exhibit 184: SAP SE - Key offerings
              • Exhibit 185: SAP SE - Segment focus
            • 12.15 Siemens AG
              • Exhibit 186: Siemens AG - Overview
              • Exhibit 187: Siemens AG - Business segments
              • Exhibit 188: Siemens AG - Key news
              • Exhibit 189: Siemens AG - Key offerings
              • Exhibit 190: Siemens AG - Segment focus
            • 12.16 Tata Consultancy Services Ltd.
              • Exhibit 191: Tata Consultancy Services Ltd. - Overview
              • Exhibit 192: Tata Consultancy Services Ltd. - Business segments
              • Exhibit 193: Tata Consultancy Services Ltd. - Key news
              • Exhibit 194: Tata Consultancy Services Ltd. - Key offerings
              • Exhibit 195: Tata Consultancy Services Ltd. - Segment focus
            • 12.17 Teradata Corp.
              • Exhibit 196: Teradata Corp. - Overview
              • Exhibit 197: Teradata Corp. - Business segments
              • Exhibit 198: Teradata Corp. - Key offerings
              • Exhibit 199: Teradata Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 200: Inclusions checklist
                • Exhibit 201: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 202: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 203: Research methodology
                • Exhibit 204: Validation techniques employed for market sizing
                • Exhibit 205: Information sources
              • 13.5 List of abbreviations
                • Exhibit 206: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              digital transformation market in the oil and gas industry market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis