Dublin, Oct. 23, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/tw3qn5/global_big_data) has announced the addition of the "Global Big Data Market in the Oil and Gas Sector 2012-2016" report to their offering.
Oil and Gas sector to grow at a CAGR of 57.08 percent over the period 2012-2016
The Global Big Data Market in the Oil and Gas Sector 2012-2016 has been prepared based on an in-depth market analysis with inputs from industry experts.
Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: The increasing demand for advanced analytics is one of the major trends in the Global Big Data market in the Oil and Gas sector. The planning and forecasting of production data, data generated from wells, and sets of data generated during seismic acquisition are some of the applications of advanced analytics. Advanced analytics helps in enhancing exploration and drilling efforts. Various advanced analytics projects include seismic data processing during exploration, competitive intelligence for development, identifying abnormalities during production data processing, and predictive maintenance for maintenance efforts. Advanced analytics also helps in efforts related to operational analytics, for instance, analyzing information such as weather patterns and ice flows can help analysts make connections with operational processes such as the impact of storms on rigs.
According to the report, one of the major drivers 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. In addition, they require data analytics to develop innovative business strategies and improve their overall operational efficiency.
Key Topics Covered
1. Executive Summary
2. List of Abbreviations
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Geographical Segmentation
8. Vendor Landscape
9. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Key Vendor Analysis
16. Other Reports in this Series
Hitachi Data Systems
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Source:Research and Markets