Pipeline Transportation Software Market: Current Analysis and Forecast (2021-2027)

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The pipeline transportation software market demand is growing at a significant rate and is expected to witness influential growth during the forecasted period as well. Factors such as investment in production have been decreasing in the oil and gas industry due to a decline in crude oil price. In contrast, capital investment in transportation continues to grow for ensuring efficient, reliable transportation of large quantities of oil and gas through pipelines to remote locations with the help of pipeline transportation tools/software. The pipeline transportation software helps in monitoring the flow rate of oil and gas products that flows through pipelines, manages the planned and actual delivery of the product, and efficiently operates and manages the tanks, compression, pumps, and other facilities.

Moreover, the oil and gas pipeline management software helps in improving operational safety and reduces leakage incident rates, which is another factor boosting the growth of the oil and gas pipeline management software market.

The global Pipeline Transportation Software market is expected to grow at a CAGR of 11% during the period 2021-2027. Pipeline transport is used to transport crude oil, gases, and other stable substances over a long-distance using pipelines. They are also used to transport water for drilling and irrigation purposes over hills and in urban areas. Pipeline transport is a better alternative as compared to canals and other channels as it takes pollution and environmental issues into consideration. Various benefits of using pipeline transportation software such as consolidated scheduling accounting, and reduced data management complexity, which ultimately helps companies to streamline their business process, reduce operational costs, and make them more efficient.

Factors such as the growing demand for oil & gas globally coupled with the rising need to develop well-managed pipeline transportation for effective and smooth distribution of oil and gas around the world as oil reserves are concentrated in certain parts of the world is expected to escalate the market size of pipeline transportation software market.

Alcatel-Lucent, Alstom, ABB, Siemens, ESRI, Emerson, FMC Technologies, Rockwell Automation, Schneider Electric, Trimble Navigation Limited are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Based on pipeline type, oil and gas segment accounted for the majority share in the market in 2020”

Based on the pipeline, the pipeline transportation software market is classified into oil & gas, sewage, water, chemicals, and others. The oil and gas segment caters to extensive market share in the pipeline transportation software market. It is mainly owing to the rapid increase in industrialization across the globe which in turn has changed oil production. In addition, many countries rely on oil and gas from other countries as most of the oil and gas resources are concentrated only in a certain part of the various region which in turn escalated the demand for sale and reliable oil and gas transport options across the continents.

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“Amongst solutions, the security solution segment is expected to witness highest CAGR during the forecast period”

Based on the solution, the pipeline transportation software market is segmented into security solutions, automation control, and tracking solutions. The security solution segment caters extensive share of the pipeline transportation software market. It is mainly owing to the rising need to monitor transportation pipelines to ensure safety and prevention of hazardous activities.

“Based on service, maintenance and support segment expected to witness extensive CAGR during the forecast period”

Based on the service, the pipeline transportation software market is classified into consulting, management, maintenance and support, and others. The maintenance and support service segment acquired a considerable market share in the pipeline transportation software market. The need to adopt timely maintenance in the oil and gas industry is required to avoid any pipeline failures and pipeline outages is propelling the demand for maintenance & support services.

“North America to witness significant growth during the forecast period”

North America is expected to hold an extensive share in the pipeline transportation software market and is expected to grow at an influential rate in the forecasted period as well. It is mainly attributed to the factors such as the adoption of new technologies such as hydraulic fracturing and directional drilling have increased U.S. production of natural gas and crude oil from shales and other unconventional formations. As a result, companies have invested in new pipeline infrastructure to transport these resources from producing regions to domestic and foreign consuming markets, which is expected to boost the market in North America.

In addition, the rising power demand and high demand for natural gas leverage pipelines across the U.S. and Canada. According to the U.S. Energy Information Administration, the U.S. has a 3-million-mile natural gas pipeline network of transmission line.

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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 portfolios, 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.

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Research Methodology

Research Methodology for the Global Pipeline Transportation Software Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global pipeline transportation software market were the three major steps undertaken to create and analyze the adoption of pipeline transportation software 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 pipeline transportation software 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:

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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 pipeline transportation software 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 Pipeline Transportation Software 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 as pipeline type, solution, and service. 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 pipeline transportation software market. Further, we conducted factor analysis using dependent and independent variables such as an increase in demand for oil & natural gas, low operating cost, and a rise in need for secure and reliable pipeline communication systems across the globe. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Pipeline Transportation Software market sector across the globe.

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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 pipeline transportation software 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 about 2027 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 Pipeline Transportation Software market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global pipeline transportation software market in terms of pipeline type, solution, and service 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

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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 pipeline transportation software market. Data was split into several segments & sub-segments post studying various parameters and trends in the pipeline type, solution, and service in the global pipeline transportation software market.

The main objective of the Global Pipeline Transportation Software Market Study

The current & future market trends of the global pipeline transportation software 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 pipeline transportation software 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 the pipeline type, solution, and service.
• Define and analysis of the regulatory framework for the pipeline transportation software 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 pipeline transportation software 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 profiles of the pipeline transportation software 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

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