Blockchain in Oil & Gas Market
Blockchain in Oil & Gas Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Blockchain in Oil & Gas Market Size and Growth
The Blockchain in Oil & Gas market is experiencing significant growth, driven by the need for improved transparency and efficiency in operations. Current market size is estimated to reach approximately $1.5 billion by 2026. Key drivers include rising energy demand, investment in digital solutions, and regulatory compliance pressures amid fluctuating market conditions.
Companies Covered
(Covid 19 Impact Covered)
◍ IBM
◍ Accenture
◍ SAP
◍ Microsoft
◍ Infosys
◍ HCL Technologies
◍ Ondiflo
◍ EY
The Blockchain in Oil & Gas market sees key players like IBM, Accenture, SAP, Microsoft, Infosys, HCL Technologies, Ondiflo, and EY leveraging blockchain for supply chain transparency, contract automation, and data security. They drive growth through innovative solutions, enhancing efficiency and reducing costs.
- IBM: $60 billion (2022 revenue)
- Microsoft: $198 billion (2022 revenue)
- Accenture: $61 billion (2022 revenue)
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Market Segmentation
By Application
◍ Oil and Gas Companies
◍ Energy and Utilities
◍ Other
By Product
◍ Reduce Cash Cycle Time
◍ Increase Transaction Visibility
◍ Reduce Overhead & Number of Cost Intermediates
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Market Growth
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$ X Billion USD
