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Oil and Gas Data Management Market to Reach $142.4 Billion, Globally, by 2033 at 16.8% CAGR: Allied Market Research

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The oil and gas data management market is expected to witness growth owing to increase in complexity of exploration and production activities, advancements in digital technologies, and need for real-time data access and analysis.

PORTLAND, Ore., Aug. 28, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Oil and Gas Data Management Market by Technology (Big Data Analytics, AI, and IoT), Deployment Model (On-premise, and Cloud), and Application (Upstream, Midstream, and Downstream): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the “oil and gas data management market” was valued at $29.4 billion in 2023, and is estimated to reach $142.4 billion by 2033, growing at a CAGR of 16.8% from 2024 to 2033.

Prime determinants of growth

The oil and gas data management market is expected to witness notable growth owing to increase in complexity of exploration and production activities, advancements in digital technologies, and need for real-time data access and analysis. Moreover, regulatory compliance and environmental sustainability and operational efficiency and cost reduction are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, integration of legacy systems and data security and privacy concerns limit the growth of the oil and gas data management market. 

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Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$29.4 Billion

Market Size in 2032

$142.4 Billion

CAGR

16.8 %

No. of Pages in Report

294

Segments Covered

Technology, Deployment Mode, Application, and Region.

Drivers

Increase in complexity of exploration and production activities

Advancements in digital technologies

Need for real-time data access and analysis

Opportunities

Regulatory compliance and environmental sustainability

Operational efficiency and cost reduction

Restraints

Integration of legacy systems

Data security and privacy

 

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The big data analytics segment to maintain its leadership status during the forecast period

By technology, the big data analytics segment held the highest market share in 2023, accounting for more than one-thirds of the oil and gas data management market revenue, and is estimated to maintain its leadership status during the forecast period. It continued to dominate due to its ability to handle vast amounts of data, providing valuable insights that help in decision-making, optimizing operations, and increasing efficiency. However, the AI segment is expected to attain the largest CAGR of 18.6% from 2024 to 2033 and is projected to maintain its lead position during the forecast period.

The cloud segment accounted for the largest share in 2023

By deployment mode, the cloud segment accounted for the largest share in 2023, contributing for more than half of the oil and gas data management market revenue, an increase in the need for secure and reliable data within the organization is fueling the market growth for cloud-based data management solution.

The upstream segment accounted for the largest share in 2023

By application, the upstream segment accounted for the largest share in 2023, contributing for more than half of the oil and gas data management market revenue, owing to the significant data management needs in exploration, production, and related activities in the upstream sector. However, the midstream segment is expected to attain the largest CAGR of 19.2% from 2024 to 2033 and is projected to maintain its lead position during the forecast period. This segment requires efficient management of large volumes of data related to pipeline monitoring, logistics, inventory management, and regulatory compliance.

North America region to maintain its dominance by 2033

Based on region, the North America segment held the highest market share in terms of revenue in 2023, accounting for more than one-third of the oil and gas data management market revenue. The increase in the usage of oil and gas data management solution in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 19.4% from 2024 to 2033. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, further expected to contribute to the growth of the market in this region.

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Leading Market Players: –

IBM CORPORATIONSCHLUMBERGER LIMITEDHALLIBURTON ENERGY SERVICES, INC.BAKER HUGHES COMPANYORACLE CORPORATIONTERADATAEMERSON ELECTRIC CO.HONEYWELL INTERNATIONAL INC.TATA CONSULTANCY SERVICES LIMITEDSAP SEAVEVA GROUP LIMITEDQUORUM BUSINESS SOLUTIONS, INC.VIRIDIEN S.A.

The report provides a detailed analysis of these key players in the oil and gas data management market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research

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Acron Aviation and Deutsche Aircraft Sign Long-Term Partnership for Advanced Flight Recorder and Standby Solutions for the D328eco® Programme

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ST. PETERSBURG, Fla., July 21, 2026 /PRNewswire/ — Acron Aviation and Deutsche Aircraft have announced a long-term partnership and the signing of a supply agreement for Flight Recorder and Standby solutions for the next-generation D328eco, a regional turboprop that is designed, certified and industrialised in Europe.

Designed to meet evolving operational and regulatory requirements, Acron Aviation’s 25-hour Recorder and Standby solutions combine proven reliability with advanced technology to enhance aircraft safety, operational efficiency and lifecycle performance. This directly supports Deutsche Aircraft’s vision to deliver a regional aircraft that meets the highest performance and certification standards, while enabling sustainable flight operations.

The agreement secures the supply of flight recording and standby instrumentation systems for the D328eco programme, further solidifying Deutsche Aircraft’s industrial and supplier ecosystem as the aircraft progresses towards entry into service.

“This agreement represents more than a supplier relationship; it is the beginning of a long-term partnership built on shared values, innovation and a commitment to advancing regional aviation,” said Ron Nye, President of Acron Aviation. “We are proud to support Deutsche Aircraft and the D328eco programme with our trusted Recorder and Standby solutions. As one of Europe’s most forward-looking aircraft manufacturers, Deutsche Aircraft is helping redefine sustainable regional flight, and we are delighted to contribute technologies that support the programme’s operational integrity and long-term success.”

This partnership reflects a mutual commitment to strengthening aerospace supply chains through long-term collaboration and innovation. By pairing Deutsche Aircraft’s next-generation regional aircraft with Acron Aviation’s expertise in safety-critical avionics, both companies are shaping the future of regional aviation.

“Building strong, long-term relationships with suppliers is fundamental to the success of the D328eco® programme,” said Patricia Ferrari, Vice President Supply Chain at Deutsche Aircraft. “Acron Aviation’s extensive expertise in safety-critical avionics systems and their proven track record makes them an important partner as we continue to mature our industrial ecosystem. This agreement reflects our shared commitment to quality, innovation and delivering a next-generation regional aircraft that meets the evolving expectations of operators and regulators worldwide.”

The D328eco is a next-generation 40-seat regional turboprop developed and industrialised in Germany to meet the growing demand for efficient and sustainable regional connectivity. Building on the proven heritage of the Dornier 328, the aircraft integrates advanced technologies to reduce emissions, improve fuel efficiency and enhance economic performance. Supported by a growing network of strategic industry partners, the programme continues to move forward to deliver a modern regional aircraft tailored to the needs of airlines, passengers and communities.

NOTE TO EDITORS

About Acron Aviation

Acron Aviation, an Acron Technologies company, is strategically aligned to deliver world-leading commercial aviation solutions designed to serve aircraft operators and airframe manufacturers across the globe. Our expertise extends to multiple facets of commercial aviation from OEM certified avionics to state-of-the-art simulation devices, best-in-class pilot training and market-leading flight data analytics. With a global footprint, we are uniquely positioned to deliver comprehensive, cutting-edge solutions that enhance our customers’ operations and further our mission of innovating to create safer skies.

For more information visit acronaviation.com.

About Deutsche Aircraft

Deutsche Aircraft is a German manufacturer of regional aircraft, building on the Dornier legacy to develop modern, efficient and sustainable aviation solutions. The company is advancing the D328eco, a next‑generation 40‑seat turboprop designed to improve fuel efficiency, reduce emissions and enhance operating economics for regional airlines.

As the type certificate holder for the existing Dornier 328 turboprop and jet fleet, Deutsche Aircraft aligns long‑standing technical expertise with continuous innovation. The industrialisation of the D328eco is centred at the company’s new carbon‑neutral, fully digital, final assembly line at Leipzig/Halle Airport, a facility designed to produce up to 48 aircraft per year and create 250 to 350 highly skilled jobs.

Full production readiness is planned for early 2027. The D328eco will progress through its flight test campaign, beginning with the first flight in 2026, with entry into service planned for Q4 2027.

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SOURCE Acron Aviation

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Corporate Governance Asia recognizes SM Group with 24 awards

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PASAY CITY, Philippines, July 21, 2026 /PRNewswire/ — The SM Group received 24 awards from Hong Kong-based publication Corporate Governance Asia, underscoring the conglomerate’s performance in governance, sustainability, investor relations, and corporate leadership amid an increasingly complex global operating environment.

SM Investments Corp. (SM Investments), the parent company of the SM Group, received eight awards, including the Sustainable Asia Award, Asia’s Best CSR, Best Corporate Communications, and Best Investor Relations.

SM Investments President and Chief Executive Officer Frederic C. DyBuncio was named Asia’s Best CEO (Investor Relations), while Executive Vice Presidents Erwin G. Pato and Franklin C. Gomez were recognized as co-awardees for Asia’s Best CFO (Investor Relations). Timothy Daniels, consultant and head of investor relations and sustainability, was also cited as Best Investor Relations Professional.

“We are honored to receive this recognition from Corporate Governance Asia. Governance and sustainability remain embedded in how we operate, helping strengthen resilience, support disciplined decision-making, and enable long-term value creation for our various stakeholders,” Mr. DyBuncio said.

The awards come as companies across the region navigate heightened economic volatility, geopolitical uncertainty, and growing climate-related risks.

BDO Unibank received nine awards while SM Prime Holdings Inc. received seven awards.

The recognitions were conferred during the 16th Asian Excellence Awards, which carried the theme “Reshaping Asian Leadership in a Changing Global Economic Landscape and Climate Change.”

Corporate Governance Asia is a regional publication focused on corporate governance, sustainability, investor relations, and boardroom leadership across Asia.

About SM Investments Corporation

SM Investments Corporation (SM) is an owner-operator of market-leading businesses in retail, banking, and property, with investments in high-growth opportunities in the Philippine economy. Through its portfolio, SM generates resilient cash flows and reinvests with discipline to compound value over the long term.

Its retail operations are the largest and most diversified in the country. Its property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines. Its banking interests include BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, one of the country’s largest private domestic banks.

For more information, please visit www.sminvestments.com

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SOURCE SM Group

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Paymob and UnionPay Expand Digital Payment Acceptance Across Egypt

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CAIRO, July 21, 2026 /PRNewswire/ — UnionPay International (UPI), the global payment network, has announced a massive expansion of its digital footprint in Egypt through a strategic partnership with Paymob, the leading financial services enabler in the MENA region. The collaboration has officially enabled over 160,000 POS terminals across Egypt to accept UnionPay cards, unlocking an unprecedented opportunity for local businesses to tap into lucrative, high-spending international consumer markets.

This scale-up marks a game-changing milestone for digital payments in Egypt and the wider region. It represents the rapid execution of a landmark strategic cooperation agreement signed between both parties in September 2025. In a powerful demonstration of agility and institutional alignment, the partnership moved from formal signing to full market implementation in just eight months. The original agreement was executed under the prestigious witness of both the Central Bank of Egypt and the People’s Bank of China, underscoring the geopolitical and economic importance of the corridor.

Paymob, led by Endeavor Entrepreneurs Islam Shawky, Alain El Hajj, and Mostafa Menessy, has leveraged its cutting-edge infrastructure to rapidly activate UnionPay card acceptance. This swift, large-scale commercial deployment connects millions of international cardholders directly to local Egyptian merchants, unlocking new horizons for cross-border payments, global trade, and Egypt’s accelerating digital economy.

With Egypt aggressively scaling its position as a top-tier global tourism and business hub, this expanded acceptance network empowers local merchants to seamless capture frictionless, card-present and digital payments across all major sectors,  including luxury hospitality, high-end retail, fine dining, historical tourism excursions, and transport services.

For Egyptian businesses, this initiative goes far beyond basic financial inclusion; it provides direct, frictionless access to massive international purchasing power. By eliminating reliance on physical cash exchanges and foreign currency friction, local merchants are now uniquely positioned to maximize their average basket sizes, accelerate transaction speeds, and drive immediate bottom-line revenue growth within the digital economy.

Through this infrastructure upgrade, businesses located in Egypt’s primary tourism epicenters, coastal resorts, and bustling commercial capitals can offer international visitors a familiar, trusted, and premium payment experience, driving immediate customer loyalty and unlocking previously inaccessible sales volume.

“Egypt stands at the forefront of global tourism and cross-border trade, attracting millions of affluent global visitors annually”, said Mr. Feng Chen, General Manager of UnionPay International, ” By expanding UnionPay card acceptance across Paymob’s vast merchant ecosystem, we are not just smoothing out the payment experience for global travellers, we are handing local Egyptian enterprises a powerful catalyst to capture elite international spending power and scale their businesses into the global digital economy”.

This landmark rollout directly aligns with the Central Bank of Egypt’s (CBE) vision for financial digitization and cash-lite infrastructure modernization, elevating Egypt’s merchant landscape to meet the highest global standards of electronic payment security and convenience.

As international arrivals and cross-border commercial trade continue their aggressive upward trajectory, both Paymob and UnionPay are committed to continuously expanding local acceptance capabilities, ensuring Egyptian businesses remain perfectly equipped to convert global foot traffic into measurable financial success.

View original content:https://www.prnewswire.co.uk/news-releases/paymob-and-unionpay-expand-digital-payment-acceptance-across-egypt-302830606.html

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