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Aug 2016 - IDC MarketScape - Doc # US40842116

IDC MarketScape: Worldwide Oil and Gas Professional Services 2016 Vendor Assessment

Author: Chris Niven Research Director, Oil & Gas
Abstract

This IDC study represents a vendor assessment of providers offering professional services to the oil and gas industry through the IDC MarketScape model. The assessment reviews both quantitative and qualitative characteristics that define current market demands and expected buyer needs for professional services. The evaluation is based on a comprehensive and rigorous framework that assesses how each vendor stacks up to one another, and the framework highlights the key factors that are expected to be the most significant for achieving success over the short term and the long term. The emphasis is IT related over tax or straight strategy advisory. As the fastest-growing and largest area of investment, upstream is emphasized; midstream, refining, energy trading, and retail are also considered.

"Leading oil and gas companies will be looking to their service providers to help consult and implement high-impact, innovative approaches and solutions to digitally transform IT and improve their agility, adaptability to change, and performance in the coming years," according to Chris Niven, research director, IDC Energy Insights Oil and Gas. "The challenge is selecting the right vendor(s) for the right project(s) as each has its own unique strengths and capabilities, and most of them continue to invest and grow their knowledge and skills in oil and gas, and in many cases, they understand their client's business better than the clients. I highly recommend oil and gas companies take the time to learn more about what these companies have to offer. Some feedback indicates that vendors are really helping companies save big bucks from outsourcing and digitally transforming their businesses."

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