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Oil And Gas Cloud Applications Global Market Report 2025: Rapid
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Driven by Operational Efficiency, Regulatory Compliance and Demand for Real-Time Insights, the Oil and Gas Cloud Applications Market is Projected to Grow at a Compound Annual Growth Rate of 15.1% by 2029
What Is The Projected Market Size Of The Global Oil And Gas Cloud Applications Market And Its Growth Rate?
The oil and gas cloud applications market has experienced significant growth in recent years and is projected to continue it’s upward trajectory:
• From $7.59 billion in 2024 to $8.52 billion in 2025, marking a CAGR of 12.2%.
• The market size is expected to grow to $14.95 billion in 2029 at a CAGR of 15.1%.
Which Factors Are Driving The Growth In The Oil And Gas Cloud Applications Market?
The growth in the oil and gas cloud application market is largely driven by the increasing adoption of private cloud for encryption of data. Cloud encryption effectively secures data by converting it to an unreadable format before storage, safeguarding it from unauthorized users. This security measure, increasingly adopted by industries such as the European Union enterprises, is creating a surge in demand for cloud applications in the oil and gas sector.
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Who Are the Key Players Driving Oil And Gas Cloud Applications Market Growth?
The following companies are major players in the oil and gas cloud applications market:
• Capgemini S.A.
• Citrix Systems Inc.
• TIBCO Software Inc.
• Cisco Systems Inc.
• Oracle Corporation
• Tableau Software
• Salesforce Inc.
• Dassault Systèmes SE
• Asea Brown Boveri Ltd.
• Infor
• Bentley Systems
• PetroDE
• The Hewlett Packard Enterprise
• International Business Machines Corporation
• Seven Lakes Technologies
• HCL Technologies Limited
• WellEz Information Management LLC
• PetroCloud LLC
• Microsoft Corp.
• SAP SE
• Alibaba Group Holding Limited
• Alphabet Inc.
• Amazon.com Inc.
• Cloud Software
• Conseillers en Gestion et Informatique Inc.
• Cognizant
• DXC Technology
• Infosys Limited
• Larsen & Toubro Infotech Limited
What Are The Key Trends In The Oil And Gas Cloud Applications Market?
The major trends influencing the oil and gas cloud applications market include:
• Adopting hybrid cloud solutions
• Integrating predictive maintenance solutions
• Employing edge computing
• Pursuing data sovereignty compliance
• Moving towards subscription-based models
What Are The Segments Of The Global Oil And Gas Cloud Applications Market?
The global oil and gas cloud applications market is categorized by:
• Component: Solutions, Services
• Operation: Upstream, Midstream, Downstream
• Deployment Model: Hybrid, Private, Public
Which Region Leads The Oil And Gas Cloud Applications Market?
North America was the largest region for the oil and gas cloud applications market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Oil And Gas Cloud Applications Global Market Report?
– Market Size Analysis: Analyze the Oil And Gas Cloud Applications size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Oil And Gas Cloud Applications for effective categorization.
– Key Player Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Oil And Gas Cloud Applications growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Oil And Gas Cloud Applications.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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This release was published on openPR.
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