Market Research Store: Global Oil and Gas Exploration market is valued at $24.4 billion in 2014 and is expected to reach $36.7 billion by 2022
Deerfield Beach, FL -- (SBWIRE) -- 12/10/2015 -- The Global Oil and Gas Exploration market is valued at $24.4 billion in 2014 and is expected to reach $36.7 billion by 2022 with a CAGR of 5.23% during forecast period of 2014-2022. Oil exploration companies are exploring for oilfields to fulfill the gap between supply and demand. The exploitation of development of unconventional oil and gas reserves and deep-water reserves is being followed by the majority of oil and gas companies. This exploitation requires IT infrastructure, data analysis and consultation service to optimize performance and maintain safety standards.
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Global Oil and Gas Exploration market is mainly segmented by Type, by Application and by Geography. Based on Type, market is segregated into Data Organization, Services, and IT Infrastructure. Based on Application, market is classified into Downstream, Midstream, and Upstream. Oil and Gas Exploration market, by geography is categorized into North America, Europe, Asia Pacific and Rest of the World.
The key players in the Oil and Gas Exploration market include, SAS Institute, IBM, Cisco Systems, Inc., Wipro Limited, Hewlett-Packard, SAP SE, EMC Corporation, Hitachi, Ltd., and Oracle Corporation.
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A recent report published on the Oil and Gas Exploration market presents an analytical overview of the Oil and Gas Exploration industry. It studies the global Oil and Gas Exploration market in detail to update the stakeholders about the latest market trends, and help them in determining crucial business strategies. In a coherent chapter-wise format, the Oil and Gas Exploration Industry report presents the findings from the analysis of the present Oil and Gas Exploration market dynamics. Data included in these chapters are logically interspersed with infographics and graphical representations.
Information and statistics the analysts have referred to for compiling the Oil and Gas Exploration report are obtained from trusted industrial sources and have been plausibly collated. The data sourced is filtered through several research stages using industry-leading analytical tools to ensure that the Oil and Gas Exploration market report encompasses only authenticated data derived from validated industrial sources. To enrich the Oil and Gas Exploration industry report with industry-specific statistics, relevant data is also sourced from the repository of financial records of the leading companies.
The report begins by introducing the global Oil and Gas Exploration market. The products and services offered in the Oil and Gas Exploration market are evaluated in-depth. To study the growth trajectory of the Oil and Gas Exploration market, the report studies the development trends it has exhibited in the last couple of years. The prevailing competitive landscape of the Oil and Gas Exploration market is analyzed in the report. It also presents an in-depth study on the development status of the Oil and Gas Exploration market.