Global Blockchain in Oil & Gas Market 2019 by Company, Regions, Type and Application, Forecast to 2024

SKU ID : GIR-GIR1904300087 13575056

Publishing Date : 18-Jun-2019

No. of pages : 124

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  • Blockchain is a distributed ledger technology that operates on peer-to-peer networks to facilitate transaction processing while reducing redundancies arising out of duplication, mismatching, and other accounting errors. The oil and gas industry has traditionally relied on paper-based transaction processing that is error-prone and bound to create inefficiencies leading to operational losses. Oil and gas companies have started adapting blockchain technology to suit their business workflow requirements in order to improve efficiency and target lower operational costs.

    Scope of the Report:
    The global Blockchain in Oil & Gas market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
    The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
    North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Blockchain in Oil & Gas.
    Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
    This report studies the Blockchain in Oil & Gas market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Blockchain in Oil & Gas market by product type and applications/end industries.

    Market Segment by Companies, this report covers
    IBM
    Accenture
    SAP
    Microsoft
    Infosys
    HCL Technologies
    Ondiflo
    EY

    Market Segment by Regions, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, UK, Russia and Italy)
    Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
    South America (Brazil, Argentina, Colombia)
    Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

    Market Segment by Type, covers
    Reduce Cash Cycle Time
    Increase Transaction Visibility
    Reduce Overhead & Number of Cost Intermediates

    Market Segment by Applications, can be divided into
    Oil and Gas Companies
    Energy and Utilities
    Other