Oil and Gas Mobility Market to Witness Growth Acceleration during 2018-2025

(IT-NEWSWIRE.COM, September 14, 2018 ) The Global Oil and Gas Mobility Market was valued at USD 8602.32 million in 2016 and is projected to reach USD 51543.53 million by 2025, growing at a CAGR of 22.01% from 2017 to 2025.

The oil and gas industry comprises of large and complex data, therefore, there is an increase in the necessity for huge amounts of investment in the mobility sector. The mobility sector is important to the oil and gas industry because having the inclusion of mobility allows in bringing efficiency in everyday operations as well as it will open up a transparent operational system throughout the entire value chain. Incorporating mobility allows for flexibility in the work environment and helps workers to take decisions while not disturbing the overall workflow. The inclusion of mobility in the industry also reduces the time that is required for the performance of daily tasks and operations which then ensures the maximum utilization of the resources that are available.

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The increasing demand of M2M communication using high-speed networks, evolving multi-platform mobility, adoption of integrated vendor ecosystem, maximizing economic benefits, increasing adoption of streamlining data and information flow and the option of real-time operability with smart devices are factors that are driving the market for the oil, and gas mobility market. Some factors that are restraining the market are the concerns for information security, poor data management and the growing rate of cyber-attacks.

Competitive Landscape:

The major players in the market are as follows:

Wipro Limited
Halliburton
Accenture
Hewlett-Packard
Cisco Systems
Oracle Corporation
Microsoft Corporation
IBM Corporation
SAP SE
Infosys Limited

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Oil and Gas Mobility Market to Witness Growth Acceleration during 2018-2025