Oil and gas companies are turning the large volume and variety of data into intelligence for improved asset productivity. Real-time data analysis is essential for deriving value out of unstructured data generated from sensors present in the oil field. Predictive and prescriptive analytics are the approaches that help oil and gas companies to minimize expenses and earn money by turning this data into valuable assets.The creation and consumption of data continues to grow in the oil and gas industry and with it, the investment in data analytics and data management software and services.
Data monetization can be used to leverage insights to identify new revenue opportunities, trigger product, process & service innovation and optimization, improve production, and enhance service quality in the oil and gas industry. Large proven oil reserves in Venezuela, Saudi Arabia, Canada, Iran, Iraq, Kuwait, UAE, Russia, the U.S. and China brings an opportunity to drive growth of the oil and gas data monetization market as there is significant growth opportunity for adoption of indirect data monetization i.e. the software and services for driving insights for development of these fields and direct data monetization i.e. mainly the exploration data products. Seismic surveys and geophysical surveys conducted in these regions to find new exploration sites and their potential, and the anticipated use of software solutions will continue to drive the market over the forecast period.

Market Analysis and Insights: Global Oil and Gas Data Monetization Market
The global Oil and Gas Data Monetization market size is projected to reach US$ 39840 million by 2027, from US$ 19670 million in 2020, at a CAGR of 10.5% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Oil and Gas Data Monetization market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Oil and Gas Data Monetization market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Oil and Gas Data Monetization market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Oil and Gas Data Monetization market.

Global Oil and Gas Data Monetization Scope and Market Size
Oil and Gas Data Monetization market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Oil and Gas Data Monetization market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Data-as-a-service
Professional Services
Software/Platform

Segment by Application
National Oil Companies (NOCs)
Independent Oil Companies (IOCs)
National Data Repositories (NDRs)
Oil and Gas Service Companies

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Halliburton
Schlumberger
Informatica
SAP SE
Oracle
Accentureplc
IBM
EMC
Microsoft
Tata Consultancy Services
Datawatch
Drillinginfo
Hitachi Vantara
Hortonworks
Capgemini
Newgen Software
Cloudera
Cisco Software
MapR Technologies
Palantir Solutions
OSIsoft