Cloud Computing in Oil and Gas Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
Market Report I 2024-12-17 I 165 Pages I Global Market Insights
The Global Cloud Computing In Oil And Gas Market was valued at USD 2.7 billion in 2024 and is expected to experience robust growth at a CAGR of 7.3% from 2025 to 2034. This growth is fueled by the increasing need for operational agility, optimized workflows, and enhanced data access. As oil and gas companies strive to modernize their operations, integrating cloud technologies offers increased flexibility, enabling faster responses to market fluctuations and more efficient resource management.
In 2024, the market was divided into several key service offerings: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Among these, the PaaS segment commanded a substantial market share, valued at USD 900 million. This segment is expanding rapidly due to its ability to simplify application development and management, eliminating the complexities of maintaining underlying infrastructure. By adopting PaaS solutions, oil and gas companies can streamline development, reduce time to market, and easily scale their resources according to demand.
Cloud computing in the oil and gas sector is also segmented by deployment mode, including public, private, and hybrid cloud solutions. The private cloud segment is expected to grow steadily at a CAGR of 5.5% from 2025 to 2034. This growth is driven by the rising adoption of private cloud solutions, which offer enhanced security features crucial for companies handling sensitive data. With private cloud deployments, oil and gas firms can enjoy greater control over data privacy while benefiting from the scalability and flexibility of cloud technologies. This is particularly important in an industry where compliance with stringent regulatory standards is non-negotiable.
In the U.S., the cloud computing market for oil and gas captured a 30% share in 2024. The widespread adoption of cloud technologies across the region is significantly boosting operational efficiency and reducing costs. Major oil and gas companies in the U.S. are investing heavily in cloud infrastructure as part of their digital transformation strategies. Furthermore, the region's strong regulatory framework and increasing demand for advanced data analytics solutions are accelerating the integration of cloud computing across a wide range of oil and gas operations, from exploration to distribution.
Report Content
Chapter 1Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market scope & definition
Chapter 2Executive Summary
2.1 Industry 360 synopsis, 2021 - 2034
Chapter 3Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Software providers
3.2.2 Service providers
3.2.3 Oil & gas operators
3.2.4 Distributors
3.2.5 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Regulatory landscape
3.7 Used cases
3.7.1 Used case 1
3.7.1.1 Benefits
3.7.1.2 ROI
3.7.2 Used case 2
3.7.2.1 Benefits
3.7.2.2 ROI
3.8 Case study
3.8.1 Case study 1
3.8.1.1 Consumer name
3.8.1.2 Challenge
3.8.1.3 Solution
3.8.1.4 Impact
3.8.2 Case study 2
3.8.2.1 Consumer name
3.8.2.2 Challenge
3.8.2.3 Solution
3.8.2.4 Impact
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Increasing demand for real-time data analytics and monitoring
3.9.1.2 Shift towards improving sustainability and reducing environmental impact through data insights
3.9.1.3 Enhanced operational efficiency through cloud-based solutions
3.9.1.4 Growing focus on digital transformation initiatives in the oil and gas sector
3.9.2 Industry pitfalls & challenges
3.9.2.1 Integration challenges with legacy systems
3.9.2.2 Concerns regarding data privacy and cybersecurity threats
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis
Chapter 4Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5Market Estimates & Forecast, By Service, 2021 - 2034 ($Bn)
5.1 Key trends
5.2 Infrastructure as a Service (IaaS)
5.3 Platform as a Service (PaaS)
5.4 Software as a Service (SaaS)
Chapter 6Market Estimates & Forecast, By Deployment Mode, 2021 - 2034 ($Bn)
6.1 Key trends
6.2 Public cloud
6.3 Private cloud
6.4 Hybrid cloud
Chapter 7Market Estimates & Forecast, By Operation, 2021 - 2034 ($Bn)
7.1 Key trends
7.2 Upstream
7.3 Midstream
7.4 Downstream
Chapter 8Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn)
8.1 Key trends
8.2 Data storage and management
8.3 Asset management
8.4 Collaboration and communication tools
8.5 Remote monitoring and control
8.6 Simulation and modeling
8.7 Others
Chapter 9Market Estimates & Forecast, By End Use, 2021 - 2034 ($Bn)
9.1 Key trends
9.2 National Oil Companies (NOCs)
9.3 Independent Oil Companies (IOCs)
Chapter 10Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn)
10.1 Key trends
10.2 North America
10.2.1U.S.
10.2.2Canada
10.3 Europe
10.3.1UK
10.3.2Germany
10.3.3France
10.3.4Italy
10.3.5Spain
10.3.6Russia
10.3.7Nordics
10.4 Asia Pacific
10.4.1China
10.4.2India
10.4.3Japan
10.4.4Australia
10.4.5South Korea
10.4.6Southeast Asia
10.5 Latin America
10.5.1Brazil
10.5.2Mexico
10.5.3Argentina
10.6 MEA
10.6.1UAE
10.6.2South Africa
10.6.3Saudi Arabia
Chapter 11Company Profiles
11.1 ABB
11.2 Accenture
11.3 Amazon Web Services (AWS)
11.4 AVEVA
11.5 Baker Hughes
11.6 Cisco
11.7 Dassault Systemes
11.8 General Electric
11.9 Halliburton
11.10 Honeywell
11.11 IBM
11.12 Intel
11.13 Microsoft
11.14 Oracle
11.15 Rockwell Automation
11.16 SAP
11.17 Schlumberger
11.18 Siemens Energy
11.19 Tata Consultancy Services (TCS)
11.20 Yokogawa
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