target audience: TECH BUYER  Publication date: Oct 2022 - Document type: IDC FutureScape - Doc  Document number: # US49783322

IDC FutureScape: Worldwide Oil and Gas 2023 Predictions

By: 

  • Andrew Meyers
  • Gaurav Verma Loading
  • Rakesh Patni Loading
  • Leif Eriksen
  • Jodi Zhou

Content



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Table of Contents


  • IDC FutureScape Figure

    • Figure: IDC FutureScape: Worldwide Oil and Gas 2023 Top 10 Predictions

  • Executive Summary

  • IDC FutureScape Predictions

    • Summary of External Drivers

    • Predictions: Impact on Technology Buyers

    • Prediction 1: By 2024, 50% of Midstream and Downstream Players Will Have Deployed AI/ML Technologies to Automate Data Analytics Life Cycle, Freeing Up Data Resources and Operationalizing Data-Driven Decision Making

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 2: By 2026, 40% of Oil and Gas Operators and Processing Companies Will Utilize Simulation Technologies to Estimate and Reduce Emissions on the Enterprise Level

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 3: By 2024, Driven by Environmental Goals, 60% of Oil Majors Will Embrace Multisource Innovation for Sustainability-Focused Solutions, with Digital Platforms Supporting Data and IP Sharing

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 4: By 2027, 40% of Integrated O&G and Independent Midstream Firms Will Have Scaled Up CCSaaS Business Model, Creating a New Revenue Stream While Enabling Other Hard-to-Abate Sectors to Decarbonize

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 5: By 2027, 60% of O&G Majors Will Use Private 5G or Satellite with Edge Compute, Enabling Remote Operations and Real-Time Video Surveillance and Analytics to Improve Site Security and Safety Management

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 6: By 2024, 50% of O&G Firms Will Use Drones with Infrared Detection Technology and SaaS-Based Analytics Capabilities to Optimize Maintenance, Inspection, and Leak Detection with Real-Time Data Insights

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 7: By 2026, 40% of Onshore Exploration and Production Companies Will Bridge Field Labor Shortages with Automation Through Robotics, Edge Computing, and Connectivity

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 8: By 2025, 60% of Companies with Heavy Infrastructure and Processing Assets Will Invest in Cyberprotection and Counteraction Techniques into Business Systems and Processes to Prevent Spillover Attacks

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 9: By 2025, 50% of Upstream and Downstream Companies Will Reskill or Employ Staff to Build Internal Digital Engineering Teams to Facilitate and Accelerate DX Programs, Improving Operational Visibility

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 10: By 2025, 85% of Upstream Companies, Driven by Cost Pressures, Will Be Compelled to Streamline Back-Office Operations Using RPA and Outsourcing and Will Adopt Public Cloud to Increase Profitability

    • Associated Drivers

    • IT Impact

    • Guidance

  • Advice for Technology Buyers

  • External Drivers: Detail

    • Digital Business — Stepping Stone to the Future Enterprise

    • Meaningful Intelligence — Differentiated Decision Power

    • Storms of Disruption — Accelerating, Interconnected Uncertainty

    • Ecosystem-Based Innovation — Driving Enterprise Value

    • Work Mode Upheaval — New Models and Leadership

    • Geopolitical Reality — Sovereignty in the Digital World

    • Mainstream ESG — Sustainability Is Measured and Mandatory

  • Learn More

    • Related Research