Africa and Middle East to lead oil and gas analytics market: TMRCreated: Friday, 19 July 2019 06:47As the use of technology has significantly increased in oil and gas in recent years, it is fuelling demand of oil and gas analytics across the produces and operators, according to Transparency Market Research (TMR)Increasing demand for oil and gas across the globe is the major driver augmenting the demand in the global oil and gas analytics market. Moreover, to understand the untapped value of big data in the oil and gas industry is also pushing demand for oil and gas analytics. The global oil and gas analytics market is expected to be moderately fragmented due to the presence of a few global and regional players. However, stringent regulations and compliances over the oil and gas industry, price volatility in oil and gas market, increasing competition and harsh climatic conditions might restrict the growth in the global oil and gas analytics market. Middle East and Africa to lead oil and gas analytics marketBased on regional growth, the Middle East and Africa are leading the global oil and gas analytics market.

Source: The North Africa Journal July 19, 2019 09:22 UTC