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IDC FutureScape: Worldwide Oil and Gas 2021 Predictions

Published by IDC Product code 968036
Published Content info 17 Pages
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IDC FutureScape: Worldwide Oil and Gas 2021 Predictions
Published: October 27, 2020 Content info: 17 Pages
Description

This IDC study provides the outlook of IDC Energy Insights' analyst team for the worldwide oil and gas industry for 2021, as well as the planning horizon for the next five years."The macroenvironment has unprecedented influence on technology adoption in the modern oil and gas enterprise, and companies cannot afford to sit on the sidelines," said Andrew Meyers, research director, Worldwide Oil and Gas, IDC Energy Insights.

Table of Contents
Product Code: US45818220

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: By 2022, 70% of Upstream Operators Will Use Edge Computing to Support Field Mobility in Operations
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 2: By 2021, 40% of the Oil and Gas Value Chain Will Utilize AI-Supported Supply Chain Applications
      • Associated Drivers
      • IT Impact
      • Business Impact
      • Guidance
    • Prediction 3: By 2023, 35% of Services and Supplies Will Be Procured Through Digital Marketplaces
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 4: By 2025, 50% of Onsite Drilling Rig Crew Will Be Able to Perform Functions Remotely
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: By 2021, 75% of Refineries Will Use APM Platforms Supported by Predictive Analytics
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6: By 2021, Over 50% of Upstream Companies Will Increase Their Cloud Spending for Moving Business-Critical Applications and Data to a Multicloud Environment
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7: By 2023, 70% of Oil Majors Will Deploy Digital Twin at Their New Production Facilities to Have Real-Time Visualization of Asset Performance
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8: By 2022, Over 60% of O&G Companies' CISOs Will Raise Investments for Companywide Cyberdefense to Combat OT Security and the Threat to the Expanded Digital Perimeter
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9: By 2023, Over 75% of Oil Majors Will Invest into AI to Ensure Highly Secure Digital HSE Practices
      • Associated Drivers
      • IT Impact
      • Business Impact
      • Guidance
    • Prediction 10: By 2023, 30% of Oil and Gas Transactions Will Leverage Blockchain Technology
      • Associated Drivers
      • IT Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • Accelerated Disruption - Crisis, Resilience, and Opportunity
  • Strategic Innovation - Shaping the Future Enterprise Today
  • Intelligence Everywhere - Data Drives Action
  • Digital Platform - Ecosystems at Scale
  • Crisis of Trust - Meeting Rising Expectations
  • Digital Divide - The Imperative of Connectivity
  • Work Transformation - Redefining Teams, Skills, and Leadership

Learn More

  • Related Research
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