target audience: TECH BUYER Publication date: May 2024 - Document type: IDC MarketScape - Doc Document number: # US51004123
IDC MarketScape: Worldwide Consulting and Digital Services Providers for the Upstream Oil and Gas Industry 2024 Vendor Assessment
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Abstract
This IDC MarketScape evaluates leading consulting and digital services providers by qualitatively and quantitatively assessing their capabilities and strategies regarding their offerings for upstream O&G businesses. From a worldwide perspective, it aims to support O&G organizations in choosing partners in their upstream business transformational journeys. It provides context for O&G companies evaluating vendors in this area, examines vendors' comparative success in the marketplace, and looks at how vendor offerings are evolving. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and highlights the most influential factors for success in this market, both in the short and long term.
"The shift toward sustainability in upstream investments and the increasing demand for optimized G&G studies and E&P field processes will have a significant impact on service providers as upstream operators push their boundaries. Service providers may experience heightened demand for innovative solutions that address sustainability concerns, optimize efficiency, and enable digital transformation in the upstream O&G sector," said Gaurav Verma, research director, IDC Energy Insights. "Service providers that can offer intelligent innovative solutions tailored to these evolving needs stand to benefit from increased business opportunities and market growth. Conversely, those unable to adapt to these changing dynamics in the sector may face challenges in maintaining competitiveness and relevance in the industry."