Global Oil and Gas Mobility Market Will Spur Due To Growing Efforts By Companies To Optimize Operational Costs And Simultaneously Automate Operations

Oil and Gas Mobility Market

Oil and gas mobility refers to the technique that converts the traditional practices used in the sector into a mobile performance-based approach. However, the mobility in the oil and gas sector lowers the time period required for performing the daily operations. In addition, mobility facilitates the optimum utilization of available resources. Besides this, it also offers high flexibility in executing different tasks at various locations at any given time. Such a technique also makes sure that the task can be easily shared with an enterprise. This leads to smart management and quick decisions without disrupting the workflow. Mobility in this sector pertains to the field of data management, BI, and others.

The surging demand for fuel along with falling crude oil reserves is steering the growth of the global oil and gas mobility market. The dynamic supply chain and demand are significantly inducing price volatility, which in turn is raising the oil prices and increasing turmoil in oil-producing regions. Thereby, companies are struggling to regulate the supply around the globe. Thus, prominent companies are effectively making efforts to optimize their operational costs and simultaneously automate their operations to enhance their efficiency. There is a high requirement for heavy investments in the mobility sector. The mobility inclusion in the oil and gas sector will significantly help in bringing efficiency in executing different tasks across the entire value chain.

The global oil and gas mobility market can be segmented into end-user, deployment, service, software, and region. By end-user, the market can be segmented into enterprises and SMBs.

By deployment, the market can be segmented into hosted and on-premise.

By services, the market can be segmented into cloud, integrated, and professional services.

By software, the market can be segmented into workforce automation, risk & regulatory compliance, mobile analytics, material management, data management, and asset management.

North America accounts for the largest share in the global oil and gas mobility market owing to the growing changes in shale businesses to optimize their tasks. In addition, the amount of data generated from oilfields is likely to rise significantly, and thereby, to manage such a huge set of data properly, companies are focusing on cost optimizers in the region.

Some of the significant players in the global oil and gas mobility market are Wipro, Microsoft, Cognizant Technology Solutions, HP, Cisco Systems, Infosys, Hewlett-Packard, Oracle, Halliburton, and Accenture. To cite, Weir Oil & Gas in June 2017 launched a mobile iron asset management solution.

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