This IDC Energy Insights Pivot Table provides a detailed methodology and taxonomy for IDC Energy Insights' Worldwide Oil and Gas Industry IT Spending Guide. A definition for the oil and gas (O&G) industry and line of business (LOB), and relevant technology definitions are also provided. Key points include:
- The oil and gas industry is dynamic and, at times, volatile. As such, IT vendors should constantly review their market assumptions and data.
- IT vendors need to pair this market data with balanced assessments of industry pain points and challenges.
IDC Energy Insights' methodologies integrate these elements into a framework to determine market size for a base year and then forecast growth.