According to the research report titled ‘North America Oil & Gas Analytics Market Forecast 2027 By Service, By Deployment, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America oil & gas analytics market is anticipated to witness notable CAGR through 2027.

Report findings suggest that North American oil & gas analytics market growth is attributed to technological improvements, increasing demand for configuration control, lower cost of ownership, and surging production optimization with expanding reservoir.

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Furthermore, introduction of a slew of analytics engines, in consort with developments in remote instrumentation, process automation, and the Internet of Things are expected to augment the industry trends in the coming years.

In terms of application ambit, the upstream segment is poised to grow during the forecast duration, because of the extensive use of Big Data to improve fluid front monitoring geophones, channel counting, and carbon capture. Swelling volume of data generated in O&G sector is propelling the incorporation of predictive analysis to improve reservoir engineering, and operation & production efficiency.

Based on service, cloud segment of North American oil & gas analytics industry is estimated to progress with a notable CAGR through 2027, owing to the ability of cloud services to enable rapid data recovery, data management flexibility, and access to unlimited storage. Oil & gas companies are using cloud services in conjunction with Big Data and Business Intelligence analytical approaches to streamline process improvement.

Regionally, the United Stated market is slated to grow significantly over 2021-2027, due to growing emphasis on reducing refinery equipment maintenance costs and downtime, as well as discoveries of new oil and shale gas reservoirs in the country.

Accenture plc, Hewlett Packard Enterprise Company, Enverus, Inc., SAS Institute, Inc., Capgemini SE, Hitachi Ltd., Teradata Corporation, TIBCO Software, Inc., International Business Machines Corporation, Tableau Software, Cisco Systems, Inc., Cognizant, Oracle Corporation, Microsoft Corporation, and SAP SE are the leading players influencing North America oil & gas analytics market dynamics