Welcome!

News Feed Item

Worldwide Oil and Gas Project Management Software Market: Companies Need to Optimize Resources Pushes up Demand, Finds TMR

ALBANY, New York, July 3, 2017 /PRNewswire/ --

Oil and gas project management software is a type of advanced software leveraged by oil and gas companies to manage their capital projects which are highly complex. Some of the prominent names operating in the global oil and gas project management software market are Deltek, Inc., InEight, Inc., EcoSys Management LLC, Oracle Corp., LiquidFrameworks, Inc., AVEVA Group PLC, SAP SE, Penta Technologies, Inc., Siemens AG, IBM Corp., IFS World Operations AB, Microsoft Corp., Stormgeo Holding AS, Aconex Ltd., Coreworx Inc., and Varec, Inc.

A report by Transparency Market Research projects the global oil and gas project management software market to become worth US$ 489.5 mn by 2025 by registering a lackluster 3.6% CAGR between 2017 and 2025.

Massive Shale Oil Reserves Propels North America Market to the Fore 

Based on application, the global oil and gas project management software market can be split into upstream and mid and downstream. Of the two, the upstream application segment is predicted to contribute to most of the share in the market on account of the increasing investments in upstream applications, comprised of the exploration and production sector. The upstream industry is involved in the task of discovering and producing crude oil and natural gas. Speeding up of projects in exploration and production sector and growing mergers and acquisitions necessitated by slumping oil prices eroding companies' margins is expected to bolster the upstream segment. The upstream segment is further divided into on-shore and off-shore application.

Geographically, the key segments of the global oil and gas project management software market are North America, South America, Asia Pacific, Europe, and the Middle East and Africa. At present, North America contributes the most to market and in the upcoming years too the region will likely remain the main engine of growth. The market is North America is powered by the U.S., which grosses maximum revenue in the region. One of the primary reasons for the North America market's dominance is the presence of numerous industry players in the region coupled with the massive shale oil reserves which are predicted to catalyze growth.

Get PDF Sample for this Research Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26552

Need to Manage Complex Operations Spurs Demand 

Projects undertaken by oil and gas companies that have highly complicated operations, resource management, capital management, and inventory management, among others have served to up demand for global oil and gas project management software. "These project management software help companies optimize resources and track progress of the projects. Furthermore, such software also help companies to access risks, plan and optimize resources, allow collaboration, ensure compliance to regulations and help with analytics and reporting," explains the lead analyst of TMR report.

One of the factors posing a roadblock to the global oil and gas project management software market is the increasing investments in alternate energy. Moreover, the yawning gap between demand and supply of oil and gas is also dealing blow to the market. This is because of the overproduction of oil and gas on account of the gulf nations unwilling to cut down on production and the thrust on shale production.

Browse The Press Release: http://www.transparencymarketresearch.com/pressrelease/oil-gas-project-management-software-market.htm

This review is based on the findings of a TMR report, titled, "Oil & Gas Project Management Software Market (Application - Upstream and Mid & Down Stream; Deployment - Off-Premise and On-Premise; Module - Contract Management, Scheduling, Asset Management, Inventory Management, Costing, Analytics, and Maintenance) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025."

Global Oil & Gas Project Management Software Market, by Application 

  • Upstream
  • On-shore
  • Off-shore
  • Mid and Down Stream

Global Oil & Gas Project Management Software Market, by Deployment 

  • On-Premise
  • Off-Premise

Global Oil & Gas Project Management Software Market, by Module 

  • Contract Management
  • Scheduling
  • Asset Management
  • Inventory Management
  • Costing
  • Analytics
  • Maintenance
  • Others (Weather Forecast and Logistics)

Global Oil & Gas Project Management Software Market, by Geography 

- North America

  • The U.S.
  • Canada
  • Rest of North America

- Europe

  • The U.K
  • Germany
  • Scandinavia
  • Rest of Europe

- Asia Pacific (APAC)

  • China
  • India
  • Rest of APAC

- Middle East and Africa (MEA)

  • GCC
  • South Africa
  • Rest of MEA

- South America

  • Brazil
  • Rest of South America

Top Most Research Reports by TMR: 

About Us 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

US Office Contact:
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: http://www.transparencymarketresearch.com

Google+: https://plus.google.com/+Transparencymarketresearch

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.