Oil and Gas Mobility Market Size, Share, and Industry Analysis, By Service (Professional Services, Integration Services, and Cloud Services), By Deployment Type (On-Premise and Hosted), By Application (Asset Management, Data Management, Materials Management, Mobile Analytics, Risk and Regulatory Compliance, Workforce Automation, and Others), and Regional Forecast till 2032

The global oil and gas mobility market is expanding with the escalating demand for sustainable and efficient transportation in the oil & gas industry to improve operations and reduce expenses. The market involves digital platforms and tools that help energy companies manage logistics, transportation, and supply chains more efficiently. These solutions include mobile apps for field workers, fleet management systems, and data analytics to optimize routes and cut costs.

Oil and Gas Mobility Market Driver

Increasing Volume of Transportation for Oil & Gas and Related Products to Surge the Market Growth 

The soaring demand for oil & gas and other related products due to the growth in urbanization, industrialization, and the global economy is fueling the demand for oil & gas mobility worldwide. The growing energy needs in industrial and developing countries require more extensive transportation networks to deliver oil, gas, and related products from production sites to refineries and end-users.

• According to the U.S. Energy Information Administration, the global consumption of liquid fuels has grown from 100.0 barrels per day in 2022 to 102.1 million barrels per day in 2023, a growth of nearly 3.2%.

Oil and Gas Mobility Market Restraint

High Initial Investment Costs to Restrain the Market Expansion

Implementing advanced digital platforms, fleet management systems and IoT solutions requires significant upfront capital. Many small and medium-sized enterprises (SMEs) in the oil and gas sector face financial constraints, thereby limiting their ability to adopt these technologies and further restricting market growth.

Oil and Gas Mobility Market Opportunity

Smart Logistics and Supply Chain Optimization to Provide Growth Opportunities

The use of AI (artificial intelligence), machine learning, predictive analytics, and others to optimize supply chains, reduce costs, and minimize disruptions is gaining traction in data-driven logistics in oil and gas. AI helps with market price prediction, optimizing crude selection and logistics, risk management, vessel tracking, and improving planning and scheduling. Additionally, Robotic Process Automation (RPA) is replacing repetitive tasks, boosting efficiency, productivity, and accuracy across operations. This technological integration is enhancing the efficiency of logistics of oil & gas further driving the market growth.

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Countries


• Latest Technological Advancement


• Insight on Regulatory Landscape


• Porters Five Forces Analysis


• Impact of COVID-19 on the Global Oil & Gas Mobility Market 

Analysis by Service

By service, the market is trifurcated into professional services, integration services, and cloud services.

The professional services segment holds the major share in the market as they include consulting, training, and support related to technology implementation in the oil & gas mobility sector. Providers assist companies in digitizing operations, adopting new software, and optimizing workflows. Thus, hiring trained professionals requires huge investment, boosting the segment growth.

Analysis by Deployment Type

By deployment type, the market is bifurcated into on premise and hosted.

The on-premise segment holds the dominating share in the market due to their traditional IT setups, where companies manage their hardware, software, and infrastructure within their data centers. In the oil & gas industry, this mainly includes SCADA systems, real-time drilling and production monitoring systems, and internal data analytics platforms.

Analysis by Application

By application, the market is categorized into asset management, data management, materials management, mobile analytics, risk and regulatory compliance, workforce automation, and others.

The asset management segment holds a significant share in the market owing to its application for consolidating data from various field locations, allowing for centralized visibility and management. In addition, advanced analytics and AI assist in identifying inefficiencies, optimizing operations, and supporting better decision-making regarding resource allocation and equipment performance.

Asset management systems use IoT sensors and real-time data to monitor the condition of equipment and facilities continuously. This allows operators to detect performance issues early, preventing equipment failures and costly downtime. By using predictive maintenance, companies can forecast when maintenance is needed, minimizing unplanned shutdowns and extending the life of critical assets.

Regional Analysis

To gain extensive insights into the market, Request for Customization

By region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific holds the leading share in the market owing to the huge consumption of oil & gas products. The transportation of oil & gas and its products requires optimum safety & security, necessitating the requirement for oil & gas mobility. In addition, the region is experiencing the fastest growth in population and urbanization, further creating an opportunity for the consumption of oil & gas, subsequently increasing the market growth.

• According to the U.S. Energy Information Administration, China and India are the second and third leading oil consumers worldwide, representing around 15% and 5%, respectively, of global oil consumption in 2022.

North America is the second-leading market region due to the high production and consumption in the U.S. and Canada. The export of oil and the vast presence of industries in the region are among the major factors leading to increased production and consumption in the region.

• As per the U.S. Energy Information Administration, the U.S. is the leading country in the production and consumption of oil worldwide. The U.S. and Canada produce around 22% and 6% of the global oil, respectively in 2023. Additionally, the U.S. consumes around 20% of the global oil.

The Middle East and Africa market also holds a remarkable position in the global market due to the extensive oil and gas production across various countries. Oil and gas mobility is mainly required for producing and exporting purposes.

• According to the International Group of Liquefied Natural Gas Importers (GIIGNL), in 2022, the Middle East and North Africa (MENA) region supplied nearly one-third (29%) of the world's liquefied natural gas (LNG) exports.

Key Players Covered

The global oil and gas mobility market is fragmented with the presence of a large number of group and standalone providers.

The report includes the profiles of the following key players:

• Microsoft Corporation (U.S.)


• Accenture (Ireland)


• Cisco Systems (U.S.)


• Halliburton (U.S.)


• IBM Corporation (U.S.)


• Hewlett-Packard (U.S.)


• Infosys Limited (India)


• Wipro Limited (India)


• SAP SE Germany)


• Oracle Corporation (U.S.)

Key Industry Developments

• In July 2024, Accenture acquired True North Solutions, based in Calgary, Alberta, U.S., to enhance its capabilities in industrial engineering. This acquisition strengthens Accenture's expertise in operational technology (OT), which involves managing systems that control physical equipment and facilities, such as pipelines and refineries, for clients in the oil, gas, and mining sectors.


• In April 2022, Bharat Petroleum Corporation Ltd. (BPCL) and Microsoft formed a strategic cloud partnership to boost BPCL’s digital transformation. The collaboration would use Microsoft’s cloud technology to modernize BPCL’s tech infrastructure and improve customer experience in the oil and gas industry.