Oil & Gas Data Management Market Expected to Reach US$ 33,510.6 Mn by 2026
According to a new market report published by Transparency Market Research, the global oil & gas data management market is expected to reach a value of US$ 33,510.6 Mn by 2026. The market is projected to expand at a CAGR of 18.2% during the forecast period from 2018 to 2026. Increasing cost and complexity of operations, need to manage project risks, and ensuring compliance with regulations are some of the factors that are expected to drive the oil & gas data management market globally. Asia Pacific is anticipated to be the fastest growing region for the market during the forecast period which is expected to be followed by Middle East & Africa. Data management is experiencing flourishing growth in terms of adoption across different industry verticals around the globe including oil & gas. Increase in the implementation of big data analytics and artificial intelligence offered by vendors is further contributing to the growth of the oil & gas data management market. ...