Middle-East Exploration and Production Accounting System Software Market is expected to reach USD XX Billion by 2024 from USD XX Billion in 2016 at a CAGR of XX%
Middle EastExploration & Production System Software Market
The Middle-East Exploration and Production Accounting System Software Market is classified into deployment type, operation type, software type, industry vertical and geography. On the basis of deployment type market is divided into Cloud-based Software, On-premise Software. Based on operation type market is classified into On-shore, Off-shore. According to software type market is divided into Performance Tracking, Risk Management Mapping, Navigation System, Portfolio Aggregation, Process Safety & Control System, Resource Valuation, Reservoir Simulation & Characterization, Drilling, Production, Others. Based on industry vertical market is divided into Oil and Gas, Refining, Mining, Petrochemicals, Chemicals, Others. Geographically market is Middle-East, GCC Countries, Israel, Others.
There has been a lot of changes in the organization system, especially with the oil & gas industries. Middle-east is known globally for its oil-fields and gas-fields. Companies present in the oil & gas sector have undergone different changes in the system software for updating the drilling and excavation processes. Cloud-based technology has further amplified the overall utility of this exploration system software. The cloud-based deployment type provides better flexibility and quick access to all the required information simultaneously maintaining the cost efficiency.
Off-shore segment held a larger market share followed by the on-shore type. The growing technological advancements in the off-shore drilling activities along with better trade opportunities in the off-shore segment have resulted in off-shore operations holding a larger market share. The market considering the software type is divided into performance tracking, risk management mapping, navigation system, portfolio aggregation, process safety & control system, resource valuation, reservoir simulation & characterization, drilling, production & others.
Considering the geographic segmentation, Middle-East comprises of GGC countries and Israel among others. The growing number of industries coming up in the Middle-east region is a proof of higher development in terms of business opportunities. The oil & gas or mining companies present in Middle-east use advanced system software for optimizing their production rate and managing the manpower as well.
Key players operated in market includes Oracle Corporation, SAP, MAERSK, Emerson, Honeywell, Schlumberger, LMK Resources Ltd., Cegal, AGR, Saja Energy.
The scope of Middle-East Exploration and Production Accounting System Software Market:
Middle-East Exploration and Production Accounting System Software Market by Deployment type:
- Cloud-based Software
- On-premise Software
Middle-East Exploration and Production Accounting System Software Market by Operation Type:
- On-shore
- Off-shore
Middle-East Exploration and Production Accounting System Software Market by Software Type:
- Performance Tracking
- Risk Management Mapping
- Navigation System
- Portfolio Aggregation
- Process Safety & Control System
- Resource Valuation
- Reservoir Simulation & Characterization
- Drilling
- Production
- Others
Middle-East Exploration and Production Accounting System Software Market by Industry Vertical:
- Oil and Gas
- Refining
- Mining
- Petrochemicals
- Chemicals
- Others
Middle-East Exploration and Production Accounting System Software Market by Geography:
- Middle-East
- GCC Countries
- Israel
- Others
Key Players Operated in the Middle-East Exploration and Production Accounting System Software Market:
- Oracle Corporation
- SAP
- MAERSK
- Emerson
- Honeywell
- Schlumberger
- LMK Resources Ltd.
- Cegal
- AGR
- Saja Energy
For more information visit: https://www.maximizemarketresearch.com/market-report/middle-east-exploration-production-accounting-system-software-market/3050/
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