Digital transformation market in the oil and gas industry to grow by 15.33% Y-O-Y from 2022 to 2023: Rise in investments and partnerships will drive growth - Technavio

NEW YORK, Feb. 3, 2023 /PRNewswire/ --

Information Services Market Insights -

• Vendors: 15+, Including Accenture Plc, Amazon.com Inc., AVEVA Group Plc, Bluware Corp., Emerson Electric Co, 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., and TIBCO Software Inc. among others
• Coverage: Key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Sector (downstream, upstream, and midstream), technology (IoT, E&P software, big data, cloud computing, and others), and geography (APAC, North America, Middle East and Africa, Europe, and South America).

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The digital transformation market in the oil and gas industry report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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In 2017, the digital transformation market in the oil and gas industry was valued at USD 26.45 billion. From a regional perspective, North America held the largest market share, valued at USD 9.32 billion. The digital transformation market in the oil and gas industry size is estimated to grow by USD 58.66 billion from 2022 to 2027 at a CAGR of 16.56% according to Technavio.

Digital transformation market in the oil and gas industry - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Global digital transformation market in the oil and gas industry - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

• Accenture Plc: The company offers digital transformations such as a single strategy and operating model.
• Amazon.com Inc: The company offers digital transformations to record, analyze, and regulate information.
• AVEVA Group Plc: The company offers digital transformations for planning and operations, engineering, and asset performance.

Global digital transformation market in the oil and gas industry – Market dynamics

Major drivers –

• The rise in investments and partnerships
• Rising pressure to improve operational efficiency
• Growing need for advanced technologies in exploration activities

KEY challenges – 

• Lack of skilled labor
• The growing threat of cyber attacks
• Increase data quality and management challenges

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

What are the key data covered in this digital transformation market in the oil and gas industry report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the digital transformation market in the oil and gas industry between 2023 and 2027
• Precise estimation of the size of the digital transformation market in the oil and gas industry and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the digital transformation market in the oil and gas industry 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 vendors
• Comprehensive analysis of factors that will challenge the growth of the digital transformation market in the oil and gas industry vendors

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Table of Contents

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 Sector
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• 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 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global digital transformation market in oil and gas industry 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global digital transformation market in oil and gas industry 2017 - 2021 ($ billion)

• 4.2 Sector Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Sector Segment 2017 - 2021 ($ billion)

• 4.3 Technology Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Sector

• 6.1 Market segments 
• Exhibit 30: Chart on Sector - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Sector - Market share 2022-2027 (%)

• 6.2 Comparison by Sector 
• Exhibit 32: Chart on Comparison by Sector
• Exhibit 33: Data Table on Comparison by Sector

• 6.3 Downstream - Market size and forecast 2022-2027
• Exhibit 34: Chart on Downstream - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Downstream - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Downstream - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Downstream - Year-over-year growth 2022-2027 (%)

• 6.4 Upstream - Market size and forecast 2022-2027
• Exhibit 38: Chart on Upstream - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Upstream - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Upstream - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Upstream - Year-over-year growth 2022-2027 (%)

• 6.5 Midstream - Market size and forecast 2022-2027
• Exhibit 42: Chart on Midstream - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Midstream - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Midstream - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Midstream - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Sector 
• Exhibit 46: Market opportunity by Sector ($ billion)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 47: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 49: Chart on Comparison by Technology
• Exhibit 50: Data Table on Comparison by Technology

• 7.3 IoT - Market size and forecast 2022-2027
• Exhibit 51: Chart on IoT - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on IoT - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on IoT - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on IoT - Year-over-year growth 2022-2027 (%)

• 7.4 E and P software - Market size and forecast 2022-2027
• Exhibit 55: Chart on E and P software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on E and P software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on E and P software - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on E and P software - Year-over-year growth 2022-2027 (%)

• 7.5 Big data - Market size and forecast 2022-2027
• Exhibit 59: Chart on Big data - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Big data - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Big data - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Big data - Year-over-year growth 2022-2027 (%)

• 7.6 Cloud computing - Market size and forecast 2022-2027
• Exhibit 63: Chart on Cloud computing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Cloud computing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Cloud computing - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Cloud computing - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Technology 
• Exhibit 71: Market opportunity by Technology ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.6 Europe - Market size and forecast 2022-2027
• Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Russia - Market size and forecast 2022-2027
• Exhibit 105: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.11 Saudi Arabia - Market size and forecast 2022-2027
• Exhibit 109: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 113: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 114: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 115: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: 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 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Accenture Plc 
• Exhibit 124: Accenture Plc - Overview
• Exhibit 125: Accenture Plc - Business segments
• Exhibit 126: Accenture Plc - Key news
• Exhibit 127: Accenture Plc - Key offerings
• Exhibit 128: Accenture Plc - Segment focus

• 12.4 Amazon.com Inc. 
• Exhibit 129: Amazon.com Inc. - Overview
• Exhibit 130: Amazon.com Inc. - Business segments
• Exhibit 131: Amazon.com Inc. - Key news
• Exhibit 132: Amazon.com Inc. - Key offerings
• Exhibit 133: Amazon.com Inc. - Segment focus

• 12.5 AVEVA Group Plc 
• Exhibit 134: AVEVA Group Plc - Overview
• Exhibit 135: AVEVA Group Plc - Business segments
• Exhibit 136: AVEVA Group Plc - Key offerings
• Exhibit 137: AVEVA Group Plc - Segment focus

• 12.6 Emerson Electric Co 
• Exhibit 138: Emerson Electric Co - Overview
• Exhibit 139: Emerson Electric Co - Business segments
• Exhibit 140: Emerson Electric Co - Key news
• Exhibit 141: Emerson Electric Co - Key offerings
• Exhibit 142: Emerson Electric Co - Segment focus

• 12.7 General Electric Co. 
• Exhibit 143: General Electric Co. - Overview
• Exhibit 144: General Electric Co. - Business segments
• Exhibit 145: General Electric Co. - Key news
• Exhibit 146: General Electric Co. - Key offerings
• Exhibit 147: General Electric Co. - Segment focus

• 12.8 Halliburton Co. 
• Exhibit 148: Halliburton Co. - Overview
• Exhibit 149: Halliburton Co. - Business segments
• Exhibit 150: Halliburton Co. - Key news
• Exhibit 151: Halliburton Co. - Key offerings
• Exhibit 152: Halliburton Co. - Segment focus

• 12.9 Intel Corp. 
• Exhibit 153: Intel Corp. - Overview
• Exhibit 154: Intel Corp. - Business segments
• Exhibit 155: Intel Corp. - Key news
• Exhibit 156: Intel Corp. - Key offerings
• Exhibit 157: Intel Corp. - Segment focus

• 12.10 International Business Machines Corp.
• Exhibit 158: International Business Machines Corp. - Overview
• Exhibit 159: International Business Machines Corp. - Business segments
• Exhibit 160: International Business Machines Corp. - Key news
• Exhibit 161: International Business Machines Corp. - Key offerings
• Exhibit 162: International Business Machines Corp. - Segment focus

• 12.11 Microsoft Corp. 
• Exhibit 163: Microsoft Corp. - Overview
• Exhibit 164: Microsoft Corp. - Business segments
• Exhibit 165: Microsoft Corp. - Key news
• Exhibit 166: Microsoft Corp. - Key offerings
• Exhibit 167: Microsoft Corp. - Segment focus

• 12.12 Oracle Corp. 
• Exhibit 168: Oracle Corp. - Overview
• Exhibit 169: Oracle Corp. - Business segments
• Exhibit 170: Oracle Corp. - Key news
• Exhibit 171: Oracle Corp. - Key offerings
• Exhibit 172: Oracle Corp. - Segment focus

• 12.13 Rockwell Automation Inc. 
• Exhibit 173: Rockwell Automation Inc. - Overview
• Exhibit 174: Rockwell Automation Inc. - Business segments
• Exhibit 175: Rockwell Automation Inc. - Key news
• Exhibit 176: Rockwell Automation Inc. - Key offerings
• Exhibit 177: Rockwell Automation Inc. - Segment focus

• 12.14 SAP SE 
• Exhibit 178: SAP SE - Overview
• Exhibit 179: SAP SE - Business segments
• Exhibit 180: SAP SE - Key news
• Exhibit 181: SAP SE - Key offerings
• Exhibit 182: SAP SE - Segment focus

• 12.15 Siemens AG 
• Exhibit 183: Siemens AG - Overview
• Exhibit 184: Siemens AG - Business segments
• Exhibit 185: Siemens AG - Key news
• Exhibit 186: Siemens AG - Key offerings
• Exhibit 187: Siemens AG - Segment focus

• 12.16 Tata Consultancy Services Ltd. 
• Exhibit 188: Tata Consultancy Services Ltd. - Overview
• Exhibit 189: Tata Consultancy Services Ltd. - Business segments
• Exhibit 190: Tata Consultancy Services Ltd. - Key news
• Exhibit 191: Tata Consultancy Services Ltd. - Key offerings
• Exhibit 192: Tata Consultancy Services Ltd. - Segment focus

• 12.17 Teradata Corp. 
• Exhibit 193: Teradata Corp. - Overview
• Exhibit 194: Teradata Corp. - Business segments
• Exhibit 195: Teradata Corp. - Key offerings
• Exhibit 196: Teradata Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 197: Inclusions checklist
• Exhibit 198: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 199: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 200: Research methodology
• Exhibit 201: Validation techniques employed for market sizing
• Exhibit 202: Information sources

• 13.5 List of abbreviations 
• Exhibit 203: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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