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Home: Technology News: 2020 Trends in IT Spending Market in the Oil and Gas Industry   (IT-NEWSWIRE.COM, November 15, 2017 ) IT Spending Market: The oil and gas industry includes processes of hydrocarbon exploration, extraction, refining, and transportation. The finished product is transported by tankers and pipelines and is subsequently marketed. The industry's largest volume products are fuel oil and gasoline. Products such as petroleum are often used as the raw material to manufacture fertilizers, solvents, pharmaceuticals, plastics, and pesticides. The overall industry is divided into three major components, upstream, midstream, and downstream operations. The oil and gas industry has exerted significant efforts to boost operational efï¬�ciency and reduce costs. To that end, information technologies have emerged as a core component of almost all industry operations, from extraction to logistics and sales. Publisher's analysts forecast the Global IT Spending in Oil and Gas Industry to generate revenues of USD 48.54 billion during the period 2016-2020. Request sample copy @ http://www.reportsweb.com/inquiry&RW0001239284/sample Publisher's report, IT Spending (BPMaaS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors - Dell - IBM - Infosys - SAP Other prominent vendors - ABB - Alcatel-Lucent - Capgemini - CGI Group - Cisco Systems - CSC - GE Oil and Gas - Hitachi Have any query? Enquire about report @ http://www.reportsweb.com/inquiry&RW0001239284/buying Market driver -Growing adoption of IT Spendings in retail -For a full, detailed list, view our report Market challenge -High initial investment and cost of production -For a full, detailed list, view our report Market trend -Emergence of distinct IT Spendings -For a full, detailed list, view our report Fundamentals of Table of Content: PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles Browse complete report @ http://www.reportsweb.com/global-it-spending-market-in-the-oil-and-gas-industry-2016-2020 Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors? ReportsWeb.com Rajat Sahni +1-646-491-9876 sales@reportsweb.com Source: EmailWire.Com Source: EmailWire.com

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