OIL & GAS MOBILITY MARKET SEEN SOARING 21.7% GROWTH TO REACH USD BILLION BY 2030, PROJECTS UNIVDATOS MARKET INSIGHTS

Key Highlights of the Report:

• Fossil fuels remain essential but with decreased emissions through improved efficiency and increased use of natural gas. Electric vehicles continue gaining traction despite fluctuating prices throughout their life cycle.
• Digitalization improves every stage of upstream activities and creates new opportunities within energy storage systems for more sustainable long-term solutions.
• Innovative technologies enhance health and safety environments for workers involved in drilling, completion, production operations while reducing costs associated with equipment maintenance.
• Sustainability continues to drive innovation in the evolving oil & gas mobility market as companies adapt to changing energy landscapes through diversification and investment in alternative energies such as wind/solar farms connected directly into grid networks supplying electricity.

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 and 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, which is fostering continuous innovation and the introduction of 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.

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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.

Some of the recent developments are:

• In April 2022, Infosys announced plans to acquire the remaining stake it didn’t already own (49%) in the US-based digital transformation solutions provider, brightree. This move aimed to strengthen its position in providing software solutions to clients across various industries including oil & gas where efficiency gains through automation play a critical role.
• In January 2022, Infosys formed an alliance with Microsoft Corporation to enhance its enterprise cloud offerings, leveraging Azure Cloud platform capabilities. This collaboration aimed to help customers optimize upstream exploration and production processes using machine learning techniques and streamlining logistics operations downstream through improved data analytics insights.

Conclusion
The oil and gas mobility market are a critical sector within the energy industry, dedicated to enhancing operational efficiency, safety, and decision-making in the oil and gas sector through mobile technologies. Thus, the market is expected to grow significantly, driven by the need to optimize operational costs, manage complex data, and improve efficiency in daily operations. According to the UnivDatos Market Insights analysis, “Oil & Gas Mobility Market” report, the global market was valued at USD 27.7 billion in 2022, growing at a CAGR of 21.7% during the forecast period from 2023 – 2030 to reach USD billion by 2030.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2023−2030.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities.

Market Segmentation – A detailed analysis of service, deployment, and application.

Competitive Landscape – Top Key Vendors and Other Prominent Vendors.