Oil & Gas Mobility Market: Current Analysis and Forecast (2023-2030)
Emphasis On Service (Professional Services, Integration Services, And Cloud Services); Deployment (Hosted And On-Premises); Application (Asset Management, Data Management, Risk & Regulatory Compliance, Materials Management, And Others) And Region/Country.
Oil & Gas Mobility Market – Current Scenario and Forecast
The Oil & Gas Mobility Market was valued at 27.7 billion in 2022 and is expected to grow at a steady rate of around 21.7% in the forecasted period (2023-2030) due to the growing need to optimize operational costs, manage complex data, and improve efficiency in daily operation. Oil & gas mobility markets refer to the various digital platforms and solutions that enable companies in the energy sector to manage their logistics, transportation, and supply chain operations more efficiently. These solutions can include mobile apps for field workers, fleet management systems, and data analytics tools to optimize delivery routes and reduce costs. The increasing demand for efficient and sustainable transportation is a key driver, leading to the adoption of mobile technologies to optimize operational costs and improve efficiency in daily operations. Additionally, the market is characterized by intense competition among manufacturers, fostering continuous innovation and introducing new products and services. Also, the shift towards cleaner and more sustainable mobility solutions presents market expansion opportunities for automotive manufacturers, energy companies, and technology providers, further contributing to the market’s growth.
Some of the major players operating in the market include Microsoft Corporation; SAP SE; IBM Corporation; Oracle Corporation; Infosys Limited; Accenture.; Halliburton Company; P2 Energy Solutions; Honeywell International Inc.; SLB.
Insights Presented in the Report
“Among services, the professional services segment holds the largest share of the market during the forecast period.”
The market is segmented by service into professional services, integration services, and cloud services. The professional services segment accounts for the largest portion of the oil and gas mobility market revenue, primarily because these services include consulting, implementation, and training offered by experienced vendors who guide clients through the complex process of deploying mobile solutions within their organizations.
“Amongst deployment, the on-premises segment is holding the significant during the forecast period.”
Based on deployment, the market is bifurcated into hosted and on-premises. The on-premises segment is currently leading due to factors such as greater control over data security and customization options that are only available with an on-premises solution.
“North America to hold a significant share in the market in 2022.”
North America is holding a significant market share in 2022 due to the region’s benefit from the shale business. This has led to increased adoption of mobile technologies to optimize operational costs and improve efficiency in daily operations. Moreover, North America’s oil & gas industry has been at the forefront of these advancements, which have driven the adoption of mobile technologies and applications in the oil & gas mobility market. Also, regional energy hubs, such as the Gulf of Mexico and the Permian Basin, have played a significant role in mobility adoption in North America, making the region a major player in the oil & gas mobility market.
Oil & Gas Mobility Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global oil & gas mobility market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Oil & Gas Mobility Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global oil & gas mobility market were the three major steps undertaken to create and analyze the adoption of oil & gas mobility market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global oil & gas mobility market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the oil & gas mobility market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the oil & gas mobility market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as service, deployment, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the oil & gas mobility market. Further, we conducted factor analysis using dependent and independent variables such as various service, deployment, and application oil & gas mobility market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the oil & gas mobility market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global oil & gas mobility market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the oil & gas mobility market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global oil & gas mobility market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Oil & Gas Mobility market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of service, deployment, and application in the global Oil & Gas Mobility market.
The main objective of the Global Oil & Gas Mobility Market Study
The current & future market trends of the global Oil & Gas Mobility market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Oil & Gas Mobility market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of service, deployment, and application.
- Define and analysis of the regulatory framework for the Oil & Gas Mobility market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Oil & Gas Mobility market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profile of the Oil & Gas Mobility market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the global Oil & Gas Mobility market?
Q2: What are the driving factors for the growth of the global Oil & Gas Mobility market?
Q3: Which segment has the largest share of the global Oil & Gas Mobility market by Application?
Q4: Which region will dominate the global Oil & Gas Mobility Market?
Q5: Who are the key players operating in the global Oil & Gas Mobility Market?
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