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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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.
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