Need for advanced technologies in exploration activities to boost growth says the latest Technavio report.

London, March 2020 – Technavio has been monitoring the digital transformation market in the oil and gas industry and it is poised to grow by USD 33.89 bn during 2019-2023, progressing at a CAGR of almost 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request the latest free sample report of 2020-2024 The market is concentrated, and the degree of concentration will decelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Need for advanced technologies in exploration activities has been instrumental in driving the growth of the market.

Key Highlights:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist digital transformation market in the oil and gas industry growth during the next five years
• Estimation of the digital transformation market in the oil and gas industry size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behaviour
• The growth of the digital transformation market in the oil and gas industry
• Analysis of the market’s competitive landscape and detailed information on vendors, and
• Comprehensive details of factors that will challenge the growth of digital transformation market in the oil and gas industry vendors.