The oil and gas data management market research report emphasizes on key adoption trends, evolution of data centers, future opportunities, and business cases in this innovative market. MarketsandMarkets expects an increasing adoption of IT solutions in Oil and Gas vertical, as major vendors are aggressively investing and rigorously working towards building cost effective infrastructure solutions, in an effort to reduce the overall cost incurred by oil producers.

The global market has been broadly classified into solutions, i.e. IT infrastructure, data organization and services. The data organization market is estimated to account for the largest share of the global market in 2015. The Data organization market is expected to register highest CAGR for the forecast period of 2015-2020. This report also gives detailed insights into the global market split across various regions.

On the basis of region, this market is classified into five regions, namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. In 2015, the oil and gas data management market is estimated to be dominated by North America with a 38.51% share followed by the APAC. The adoption of oil and gas data management solution is expected to gain traction in MEA region due to highest proven oil and gas reserves. Over the last twelve months, many new enterprises have started showing interest in these solutions indicating widespread adoption in this region.

New product launches is the key strategy adopted by industry players in order to achieve growth in the Oil and Gas Data management market. This strategy accounted for a share of 42.86% of all growth strategies adopted by market players. Market players are focusing on entering new markets by launching technologically advanced and innovative Oil and Gas Data management solution, and services in both existing and emerging markets. The major companies adopting this strategy are the companies who developed innovative solutions with regard to enterprise need. SAP, IBM, Wipro, NetApp and Oracle are some of the leading market players that adopted this strategy in order to develop their business