Enhanced Oil Recovery Market Research Report and Forecast

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Copyright © IMARC Service Pvt Ltd. All Rights Reserved

Enhanced Oil Recovery Market Research Report

and Forecast 2021-2026

Author: Elena Anderson,

Marketing Manager |

IMARC Group

© 2019 IMARC All Rights Reserved

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Report Description

About

IMARC

Group

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical

challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology

organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

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Report Description

Report Description and Highlights

Enhanced Oil Recovery Market Research Report:

As per the latest report by IMARC Group, titled “Enhanced Oil Recovery (EOR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global enhanced oil recovery (EOR) market size is increasing at a steady rate.

The process of oil production is generally divided into primary, secondary and tertiary phases. The primary oil recovery phase is limited to hydrocarbons that naturally rise to the surface; the secondary recovery phase employs water and gas injection, displacing the oil and pushing it to the surface; and the tertiary phase works by increasing the pressure and minimizing the viscosity of the oil. The tertiary recovery phase, also known as enhanced oil recovery (EOR), is currently gaining traction across the globe as it aids in increasing the amount of oil that can be recovered from a reservoir.

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Report Description

Report Description and Highlights

Global Operational Intelligence (OI) Market Trends:

The market is primarily driven by the increasing utilization of big data and business intelligence services across numerous industries. OI is extensively being deployed in numerous workplaces to support the automation of the decision-making process for enhancing market responses while minimizing process delays.

They are also utilized to improve the overall performance of the organization and for upgrading their business processes. Coupled with the rising demand for centralized control and monitoring

systems that offer real-time data regarding industrial activities, this is providing a thrust to the market growth.

Moreover, OI is extensively deployed in the banking, financial services and insurance (BFSI) sector for ensuring uptime of critical financial systems. It is also being used in the logistics sector to gain real-time insights into supply chain operations.

The increasing utilization of these services in the healthcare sector is also acting as a major growth-inducing factor. The rising focus on patient-centric care and the escalating need for streamlining workflows are supporting its uptake in the sector.

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Market Summary:

Breakup by Deployment Type:

•On-Premises

•Cloud-Based

Breakup by Organization Size:

•Large Enterprises

•Small Enterprises

•Medium Enterprises

Numerous players are now utilizing social media platforms as a key tool for gathering large amounts of actionable data related to the latest trends, thereby providing an impetus to the market growth.

Some of the other factors contributing to the market growth include continual advancements in

technology, rising incidences of security breaches across numerous sectors, and the increasing need for simplifying the data gathered from an IT infrastructure.

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Breakup By End Use:

• BFSI

• Manufacturing

• Healthcare

• Retail

• Transportation and Logistics

• Energy and Power

• Telecom and IT • Others Breakup by Application: •Household •Commercial •Others

On account of the aforementioned factors, the market is anticipated to grow at a

CAGR of 11.40% during 2021-2026.

Request free sample Report

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Report Description

Report Description and Highlights

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.

Competitive Landscape with Key Player:

• Axway Inc.

• Intelligent InSites Inc. (Infor)

• OpenText Corp.

• Oversight Systems Inc.

• SAP SE

• Software AG

• Space Time Insight Inc. (Nokia)

• Splunk Inc.

• SQLsteam and Vitria Technology, Inc. (Innovation Technology Group, Inc)

View Full Customization Report with TOC and List of Figure:

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A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

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A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

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Report Description

Report Description and Highlights

© 2019 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer:All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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