DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Cloud Applications Market by Type of Application (CRM, ECM and Collaboration, ERP, GRC, Data Analytics, HCM, PPM, SCM), Major Sector (Upstream, Midstream, Downstream), Deployment Model, Business Function - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The oil and gas cloud applications market size is expected to grow from USD 3.33 billion in 2017 to USD 5.68 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. Major slump in oil prices forcing companies to adopt cost-effective cloud solutions and the emergence of big data and advanced analytics are major factors driving the oil and gas cloud applications market.
The CRM application type has always been one of the highest deployed tools by any industry, as the software facilitates businesses to increase their sales, automate marketing processes, and offer unparalleled customer services. In the oil and gas industry, the application is deployed intensively, and thus, has a very high market share. The need for real-time access to data is rapidly driving the market for cloud CRM applications.
The overall trend witnessed in the APAC region is quite favorable for the digitalization of technologies, adoption of IoT, and other smart city projects. Cloud adoption has witnessed an ultra-growth, embraced by diverse verticals, such as BFSI, healthcare, telecommunications, and oil and gas.
- SAS Institute
- Seven Lakes Technologies
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Oil and Gas Cloud Applications Market, By Type of Application
7 Oil and Gas Cloud Applications Market, By Major Sector
8 Market By Deployment Model
9 Oil and Gas Cloud Applications Market, By Organization Size
10 Market, By Business Function
11 Oil and Gas Cloud Applications Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/s2qvxs/oil_and_global?w=4