South Africa ICT Enterprise Spend in Oil and Gas Sector, Forecast to 2019
South Africa ICT Enterprise Spend in Oil and Gas Sector, Forecast to 2019
Emerging Trends such as ERP Software, Cloud Technology and Enterprise Collaboration Software Will Shape the Oil and Gas Sector by 2019
05-Dec-2017
Africa
Description
The focus of this research service is to understand the key areas of IT spend within the oil and gas sector in South Africa with the objective of highlighting key areas of opportunities for the IT Service providers. The objective is to provide an overview of South Africa’s Macro- environment and its impact on the oil and gas industry; provide insights into the Mining sector‘s value chain and the adoption of ICT services across value-chain participants; provide global and domestic challenges facing the oil and gas sector; highlight the Oil and gas ICT spend in 2016 and offer future forecast insight; and to identify Growth Opportunities within the oil and gas sector for the IT and telecom service providers. The market for the service providers is highly competitive, especially as service providers are offering similar IT solutions and services to enterprises. Differentiation through innovative pricing models and industry knowledge will be a key factor. In order for service providers to remain competitive and differentiate themselves they need to increase industry expertise; build dedicated and industry-focussed teams able to cross-sell; offer innovative branding and price strategies such as pay-per-use models; change their approach from selling service to providing full ICT solutions, that is, to have a more business focus; and to develop contracts with flexible SLAs. Furthermore, enterprises are looking for more flexible contracts that enables to accommodate change in their IT strategy as well change in the overall technology landscape. In doing so, enterprises are of the opinion that they will have better control on the cost and able to implement innovate IT services as needed.
Research Highlights
The top predictions for the Oil and gas Sector in South Africa are as follows:
- ICT Spend was estimated to be R0.5 billion in 2015, and is expected to grow at a CAGR of 2% over the forecast period reaching R0.6 billion by 2018. IT hardware, System integration and Fixed connectivity are expected to grow. The key objective is to move to cloud-based services as a means of reducing operational IT cost and footprint.
- Oil and gas companies are interested in industrial mobility, remote management, digital oil field, big data technologies such as master data management, scenario-based analytics, predictive analytics, and cloud-based services.
- Despite tougher economic challenges, the oil and gas industry is investing in ICT solutions to improve exploration and production, increase refining and operational efficiency, and optimise global operations.
Table of Contents
Key Findings—ICT Spending in the Oil and Gas Sector
Strategic Imperatives for IT and Telecom Service Providers
Research Scope
Research Aim and Objectives
Market Definitions
Market Definitions (continued)
Market Definitions—ICT Services Adoption Maturity by Industry
6 Global Trends that Define the Future of the Market
Why do Oilfields Need Digital Services?
Digital Transformation Has the Potential to Address Key Challenges Faced by Oil and Gas Companies
The Digital Oilfield is Becoming a ‘Standard’ Outcome Digitalisation Journey
Defining the Reality of Digital Oilfield Services
Ecosystem—The Who’s Who of the Market
Technology Convergence Trends to Drive Out Inefficiencies
Convergence of People, Process, and Technology Creates a Vortex of Change
Digital Oilfield Services—Game Changers and their Impact on Future Landscape
The Next Big Thing(s) in the Market
Oil and Gas Sector at a Glance
Legislation and Regulatory Framework
The Oil and Gas Sector
Macro-economic Environment
Summary of South Africa’s Oil and Gas Sector
ICT Services Adoption Maturity by Industry
Overview of the Oil and Gas Value Chain
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
ICT Spend in the Oil and Gas Sector
Competitive Landscape for Service Providers
Growth Opportunity 1: ERP Software
Growth Opportunity 2: Cloud Technology
Growth Opportunity 3: Enterprise Collaboration Software
Oil and Gas Sector—5 Major Growth Opportunities
Strategic Imperatives for IT and Telecom Service Providers
The Last Word—3 Big Predictions
Legal Disclaimer
The Frost & Sullivan Story
Value Proposition: Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Related Research
Popular Topics
Research Highlights
The top predictions for the Oil and gas Sector in South Africa are as follows:
- ICT Spend was estimated to be R0.5 billion in 2015, and is expected to grow at a CAGR of 2% over the forecast period reaching R0.6 billio
No Index | No |
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Podcast | No |
Author | Naila Govan-Vassen |
Industries | Information Technology |
WIP Number | 9AC2-00-26-00-00 |
Is Prebook | No |
GPS Codes | 9610,9656,9705-C1,9820-C1,9855-72 |