Blockchain is a distributed ledger technology that operates on peer-to-peer networks to facilitate transaction processing while reducing redundancies arising out of duplication, mismatching, and other accounting errors. The oil and gas industry has traditionally relied on paper-based transaction processing that is error-prone and bound to create inefficiencies leading to operational losses. Oil and gas companies have started adapting blockchain technology to suit their business workflow requirements in order to improve efficiency and target lower operational costs.
This report contains market size and forecasts of Blockchain in Oil & Gas in Global, including the following market information:
Global Blockchain in Oil & Gas Market Size 2024-2032, ($ millions)
The global Blockchain in Oil & Gas market is projected to reach US$ million by 2029.
We surveyed the Blockchain in Oil & Gas companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Blockchain in Oil & Gas Market, by Type, 2024-2032 ($ millions)
Global Blockchain in Oil & Gas Market Segment Percentages, by Type
Reduce Cash Cycle Time
Increase Transaction Visibility
Reduce Overhead & Number of Cost Intermediates
Global Blockchain in Oil & Gas Market, by Application, 2024-2032 ($ millions)
Global Blockchain in Oil & Gas Market Segment Percentages, by Application
Oil and Gas Companies
Energy and Utilities
Other
Global Blockchain in Oil & Gas Market, By Region and Country, 2024-2032 ($ Millions)
Global Blockchain in Oil & Gas Market Segment Percentages, by region and country
United States
Europe
Asia
China
Rest of World
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
IBM
Accenture
SAP
Microsoft
Infosys
HCL Technologies
Ondiflo
EY
