Research and Markets (http://www.researchandmarkets.com/research/tdf5wg/global_big_data) has announced the addition of the "Global Big Data Market in the Oil and Gas Sector 2014-2018" report to their offering.
The Global Big Data market in the Oil and Gas sector to grow at a CAGR of 56.45 percent over the period 2013-2018
Big data solutions are a wide range of solutions required for processing and analyzing enterprise data that are too large for traditional data processing tools to manage. The Oil and Gas sector generates various types of structured and unstructured data. These types of data range from terabytes (1012 bytes) to petabytes (1015 bytes) and even to exabytes (1018 bytes) in size. Big data solutions are used in the Oil and Gas sector to provide a faster consolidated view of organization-wide information. They also help in improving operational performance and maximizing profitability.
One major trend upcoming in this market is the adoption of user-friendly predictive modeling. Using a predictive modeling tool, oil and gas companies can predict future development strategies based on historical results.
According to the report, one of the major drivers of the market is the huge data explosion. With the presence of a large amount of data, enterprises need big data solutions to automatically track the performance and behavior of the information stored in their IT systems.
Further, the report states that lack of awareness is one of the major challenges confronting this market. Enterprises in the Oil and Gas sector lack understanding of the importance of big data and are unaware of the ways to decode it, which is affecting investment in big data.
Key Vendors
- Hewlett-Packard
- Hitachi Data Systems
- IBM
- Oracle
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Revenue Segmentation
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/tdf5wg/global_big_data
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Sector: Gas,
Oil
