Oct 1, 2018   SOURCE: PR NewsWire

Global Oil & Gas Mobility Market to 2023 - Need for Production Optimization Driving the Market

DUBLIN, Oct. 1, 2018 /PRNewswire/ --

The "Global Oil & Gas Mobility Market Size, Share - Segmented by Oil & Gas Sector, Application and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Need for Production Optimization Driving the Oil & Gas Mobility Market

Since 2015, low oil prices have forced many oil & gas companies to work their respective assets harder in order to maximize oil and gas output, without necessarily developing new capital projects. Such a difficult business environment is highlighting the importance of implementing smart strategies and innovation such as mobility solutions to continuously maintain or increase oil & gas production. Various existing oil & gas fields across the globe are depleting and has raised concerns among the oil & gas companies regarding the optimum production. Various oilfield service providers are developing software to tackle the lower production by oilfields.

In early 2018, Weatherford International released a new software for its ForeSite production optimization platform, which combines physics-based models with advanced machine-learning data analytics to improve performance across conventional and unconventional oil and gas assets. The software integrates with the CygNet SCADA platform to create an end-to-end production optimization solution.

Hence, increasing need for production optimization is considered to be one of the major drivers for the oil & gas mobility market.ability to visualize data. It helps them extend their value beyond the oil and gas refineries by real-time optimization of varied processes. Further, in order to continue surviving and thriving in the uncertainty environment, oil & gas producers are now transforming their operating and business models with urgency to reduce production costs by improving production efficiency in existing and new oil fields.

Furthermore, as existing reserves continue to deplete, production optimization has become one of the most important areas to look after. The emergence of various oilfield mobile applications has the potential to counter the above challenges in the oil & gas industry. Therefore, need for production optimization and resurgence in oil & gas industry is expected to propel the growth of oil & gas mobility market over the coming years.

Key Developments in the Oil & Gas Mobility Market

Weir Oil & Gas, a leading upstream provider of pressure pumping and pressure control equipment and services, launched mobile iron asset management solution. The technology brings greater visibility and functionality to the way service companies manage iron assets from the field.

Oil & Gas Mobility Market Major Players include

    --  Accenture Plc
    --  Infosys Ltd.
    --  Microsoft Corporation
    --  Oracle Corporation
    --  Hewlett Packard Enterprise Co
    --  IBM Corporation Company
    --  Wipro Ltd.
    --  SAP SE

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Oil & Gas Mobility Market Overview

4. Market Dynamics

5. Oil & Gas Mobility Market Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis

7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)

8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023)

9. Key Company Analysis

For more information about this report visit https://www.researchandmarkets.com/research/btsvc3/global_oil_and?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-oil--gas-mobility-market-to-2023---need-for-production-optimization-driving-the-market-300721849.html

SOURCE Research and Markets