Oil and Gas Data Monetization Market Regional Analysis:
North American Market Insights
By 2035, North America region, is expected to dominate over 36% oil and gas data monetization market share. The growth can be attributed to the growing production and consumption of oil in the region. For instance, oil production in North America increased to 25.3 million barrels per day in 2022 from about 24 million barrels per day the year before.
Also, the implementation of necessary infrastructure in the oil and gas industries in the region is propelling market growth. Furthermore, the growing use of indirect data monetization solutions in the industry may further accelerate the growth of the market.
APAC Market Insights
By 2035, Asia-Pacific region in oil and gas data monetization market is anticipated to account for around 27% revenue share. The growing adoption of digital technologies in the region is one of the major factors driving the growth of the market. Also, the increasing demand for oil and gas is driving the growth of the market. Furthermore, the increase in initiatives taken by the government for the adoption of renewable energy in various industries is also escalating oil and gas data monetization market growth in the region.
