Enhanced oil recovery market Market PDF: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity by 2021-2026
As per the latest report by IMARC Group the global enhanced oil recovery (EOR) market size is increasing at a steady rate. Some of the other growth inducing factors include rapid urbanization, rising global population, increasing demand for and declining worldwide resources of crude oil. Looking forward, the market is projected to grow at a CAGR of around 11% during 2019-2024.
As per the latest report by IMARC Group the global enhanced oil recovery (EOR) market size is increasing at a steady rate.
Some of the other growth inducing factors include rapid urbanization, rising global population, increasing demand for and declining worldwide resources of crude oil.
Looking forward, the market is projected to grow at a CAGR of around 11% during 2019-2024.
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Enhanced Oil Recovery Market Research Report
and Forecast 2021-2026
© 2019 IMARC All Rights Reserved
Author: Elena Anderson,
Marketing Manager |
IMARC Group
Copyright © IMARC Service Pvt Ltd. All Rights Reserved
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Report Description and Highlights
Report Description
Enhanced Oil Recovery Market Research Report:
As per the latest report by IMARC Group, titled “Enhanced Oil Recovery (EOR) Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global enhanced oil recovery
(EOR) market size is increasing at a steady rate.
The process of oil production is generally divided into primary, secondary and tertiary phases.
The primary oil recovery phase is limited to hydrocarbons that naturally rise to the surface; the
secondary recovery phase employs water and gas injection, displacing the oil and pushing it to the
surface; and the tertiary phase works by increasing the pressure and minimizing the viscosity of the oil.
The tertiary recovery phase, also known as enhanced oil recovery (EOR), is currently gaining traction
across the globe as it aids in increasing the amount of oil that can be recovered from a reservoir.
Report Description and Highlights
Report Description
Global Operational Intelligence (OI) Market Trends:
The market is primarily driven by the increasing utilization of big data and business intelligence services
across numerous industries. OI is extensively being deployed in numerous workplaces to support the
automation of the decision-making process for enhancing market responses while minimizing process
delays.
They are also utilized to improve the overall performance of the organization and for upgrading their
business processes. Coupled with the rising demand for centralized control and monitoring
systems that offer real-time data regarding industrial activities, this is providing a thrust to the market
growth.
Moreover, OI is extensively deployed in the banking, financial services and insurance (BFSI) sector for
ensuring uptime of critical financial systems. It is also being used in the logistics sector to gain real-time
insights into supply chain operations.
The increasing utilization of these services in the healthcare sector is also acting as a major growthinducing
factor. The rising focus on patient-centric care and the escalating need for streamlining
workflows are supporting its uptake in the sector.
Report Description Report Description and Highlights
Market Summary:
Breakup by Deployment Type:
•On-Premises
•Cloud-Based
Breakup by Organization Size:
•Large Enterprises
•Small Enterprises
•Medium Enterprises
Numerous players are now utilizing social media platforms as a key tool for gathering large amounts of
actionable data related to the latest trends, thereby providing an impetus to the market growth.
Some of the other factors contributing to the market growth include continual advancements in
technology, rising incidences of security breaches across numerous sectors, and the increasing need for
simplifying the data gathered from an IT infrastructure.
Report Description and Highlights
Report Description
Breakup By End Use:
• BFSI
• Manufacturing
• Healthcare
• Retail
• Transportation and Logistics
• Energy and Power
• Telecom and IT
• Others
Breakup by Application:
•Household
•Commercial
•Others
On account of the aforementioned factors, the market is anticipated to grow at a
CAGR of 11.40% during 2021-2026.
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Report Description and Highlights
Report Description
On the geographical front, the market has been segregated into North America (the United States and
Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific
(China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and
others), and Middle East and Africa.
Competitive Landscape with Key Player:
• Axway Inc.
• Intelligent InSites Inc. (Infor)
• OpenText Corp.
• Oversight Systems Inc.
• SAP SE
• Software AG
• Space Time Insight Inc. (Nokia)
• Splunk Inc.
• SQLsteam and Vitria Technology, Inc. (Innovation Technology Group, Inc)
View Full Customization Report with TOC and List of Figure:
https://www.imarcgroup.com/operational-intelligence-market
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Partial List of Clients
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world's leading corporates, governments, and
institutions
A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients
Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved
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