EuropeExploration and Production Accounting System Software Market is expected toreach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX%.
The report includes the analysis of impact of COVID-19lock-down on the revenue of market leaders, followers, and disrupters. Sincelock down was implemented differently in different regions and countries,impact of same is also different by regions and segments. The report hascovered the current short term and long term impact on the market, same willhelp decision makers to prepare the outline for short term and long termstrategies for companies by region.
Europe Exploration and Production Accounting System SoftwareMarket
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The Europe Exploration and Production Accounting SystemSoftware Market is classified into deployment type, operation type, softwaretype, industry vertical and geography. Based on deployment type market isdivided into Cloud-based Software, On-premise Software. on the basis ofoperation type market is classified into On-shore, Off-shore. According tosoftware type market is segmented into Performance Tracking, Risk ManagementMapping, Navigation System, Portfolio Aggregation, Process Safety & ControlSystem, Resource Valuation, Reservoir Simulation & Characterization,Drilling, Production, others. Based on industry vertical market is divided intoOil and Gas, Refining, mining, Petrochemicals, chemicals, others.Geographically market is divided into UK, Germany, Russia, France, Italy,Spain, Belgium, and Rest of Europe.
As competition grows, the upstream companies in oil &gas are discovering that poor legacy systems, over the years, have resulted inpoor decision making. This can be as a result of inaccurate information, andprocesses that eventually drags down productivity, in place of driving it. Theembed quality, consumable, and real-time data put into the decision-makingprocedure using tools such as exploration and production accounting softwareenable the right decision for the company. Production accountants areunrestrained from time-consuming data entry with conversions allowing toconcentrate on intricate allocations and tactical initiatives delivering thehighest value to the business.
The cloud segment monitored the fastest growth whereas theon-premises segment held the largest market share. Based on the operationssegment, the Europe Exploration and Production Accounting System SoftwareMarket comprises of on-shore and off-shore operations. The on-shore operationsheld the largest market share owing to the presence of higher opportunities inthis segment and longer operational time that necessitates the importance ofsoftware systems. The Europe Exploration and Production Accounting System SoftwareMarket based on software type is classified into performance tracking, riskmanagement mapping, navigation system, portfolio aggregation, process safety& control system, resource valuation, reservoir simulation &characterization, drilling, production & others.
The Europe Exploration and Production Accounting SystemSoftware Market is further differentiated on the basis of verticals thatcomprises oil and gas, refining, mining, petrochemicals, chemicals &others. The oil & gas segment held the largest market share owing to thehigh demand for gasoline and fuel gas products. These products have a hugedemand across developed and developing countries where the fuel oil andgasoline products are used across different industry verticals.
Geographically, different countries in Europe have investedheavily in software systems for updating information regarding the oil rigs andnewer excavations. UK, Russia, France, and Germany are some of the majorcountries that have contributed to the growth of Exploration and ProductionAccounting System Software market in Europe.
Key players operated in the market includes Honeywell,Paradigm Geophysical BV, Petroleum Experts Ltd., ETL Solutions Ltd., GEPlanConsulting S.r.l., GE Oil & Gas, eDrilling AS, Total Stream Systems, P2Energy Solutions, TouchStone Energy, Deltek.
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Europe Exploration and Production Accounting System SoftwareMarket by Deployment type:
• Cloud-based Software
• On-premise Software
Europe Exploration and Production Accounting System SoftwareMarket by Operation Type:
• On-shore
• Off-shore
Europe Exploration and Production Accounting System SoftwareMarket by Software Type:
• Performance Tracking
• Risk Management Mapping
• Navigation System
• Portfolio Aggregation
• Process Safety & Control System
• Resource Valuation
• Reservoir Simulation & Characterization
• Drilling
• Production
• others
Europe Exploration and Production Accounting System SoftwareMarket by Industry Vertical:
• Oil and Gas
• Refining
• Mining
• Petrochemicals
• Chemicals
• Others
Europe Exploration and Production Accounting System SoftwareMarket by Geography:
• UK
• Germany
• Russia
• France
• Italy
• Spain
• Belgium
• Rest of Europe
Key players operated in Europe Exploration and ProductionAccounting System Software Market:
• Honeywell
• Paradigm Geophysical BV
• Petroleum Experts Ltd.
• ETL Solutions Ltd.
• GEPlan Consulting S.r.l.
• GE Oil & Gas
• eDrilling AS
• Total Stream Systems
• P2 Energy Solutions
• TouchStone Energy
• Deltek
For More Information Vist : https://www.maximizemarketresearch.com/market-report/europe-exploration-production-accounting-system-software-market/3005/
Report Is Submitted By : Maximize Market Research Company
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