According to the research report titled ‘U.S. Oil and Gas Analytics Market Size By Deployment (On Premise, Hosted), By Service (Professional, Cloud, Integration), By Application, Industry Analysis Report, Price Trends, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, U.S. oil and gas analytics market was worth USD 825 million in 2018 and is predicted to expand at a y-o-y growth rate of 14.5% through 2025.
 

Widespread adoption of Big Data and IoT solutions in tandem with growing demand for analysis of large information repositories are some of the key factors driving the growth of U.S. oil and gas analytics. Surging investments in oil & gas activities in consort with increasing infrastructural development of storage terminals, refineries, and pipelines are also contributing towards the market remuneration.
 

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Strict regulations pertaining to cybersecurity and rising importance of data are also facilitating the business scenario in the United States. Growing demand for risk assessment and product optimization platforms and focus towards reducing operating and maintenance costs are also stimulating U.S. oil and gas analytics industry outlook.
 

Mounting volumes of oil and gas supplies have resulted in substantial investments in O&G infrastructure, which in turn is augmenting the demand for oil and gas analytic solutions. In addition, emphasis towards improving crude oil network in order to streamline transport are favoring the overall market scenario.
 

Technological breakthroughs have allowed for the development of advanced solutions that offer real-time data from production platforms as well as reservoirs, further aiding in establishing predictive measures in terms of equipment failures. Growing popularity of cloud computing solutions and cost saving as well as unlimited storage benefits are adding traction to U.S. oil and gas analytics industry size.
 

According to the research report, shifting preferences towards hosted applications over on-premise infrastructure for easy data sharing, automated system updates, and reduced costs are also fueling the overall market size. It is worth noting there that on-premise deployments tend to require high maintenance costs, which is why hosted applications have been gaining significant momentum in recent past.
 

The key participants in U.S. oil and gas analytics market are Enverus, Hewlett Packard Enterprise Company, Capgemini SE, SAS Institute Inc., Hitachi Ltd., IBM Corp., Teradata Corporation, TIBCO Software Inc., Tableau Software, Cisco Systems Inc., Accenture plc, Cognizant, Oracle Corp., Microsoft Corp., and SAP SE among others.