Dublin, Nov. 22, 2024 (GLOBE NEWSWIRE) — The "Oil and Gas Cloud Applications – Global Strategic Business Report" report has been added to ResearchAndMarkets.com’s offering. The global market for Oil and Gas Cloud Applications was estimated at US$11.9 Billion in 2023 and is projected to reach US$29.2 Billion by 2030, growing at a CAGR of 13.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the oil and gas cloud applications market is driven by several factors. The increasing need for operational efficiency, cost reduction, and real-time data analysis is a major driver, as cloud applications offer scalable solutions that reduce the need for expensive IT infrastructure. The growing complexity of oil and gas operations, particularly in offshore and remote locations, is also fueling demand for cloud-based solutions that enable remote monitoring and predictive maintenance. The industry’s push towards sustainability is encouraging the adoption of cloud platforms to monitor emissions, optimize energy consumption, and ensure compliance with environmental regulations. Additionally, the integration of AI, IoT, and machine learning into cloud applications is enhancing operational efficiency and decision-making capabilities. Finally, the rise of […]
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