Microsoft is the Leading Cloud Provider for the Oil & Gas Industry
A recent study published by Kimberlite Oilfield Research with 319 geologist and geophysicists worldwide reveals that Microsoft remains the leading cloud provider serving the G&G community of the oil & gas industry. Google and Amazon, however, are gaining ground.
34% of the respondents interviewed report using Microsoft/Azure as their cloud provider followed by 26% of respondents citing use of Google as their cloud provider (up from 14% in the 2018 report) and 26% using Amazon (up from 3% in 2018). IBM’s growth and penetration in the market is lower than that observed with both Amazon and Google.
While Microsoft got off to an early start with the G&G community, it is clear that Google and Amazon are actively investing in this segment and gaining adoption among the G&G community.
Interest and use of the cloud to access software applications continues to grow, albeit at a slower pace than E&P operators had anticipated two years. 22% of E&P operators worldwide cite use of the cloud to access G&G software applications representing on average approximately 10% of all G&G software applications worldwide being accessed from the cloud (up from 7% in 2018).
E&P operators expect the use and adoption of the cloud to grow significantly in the years ahead. The Kimberlite report reveals that approximately 50% of E&P operators expect to be using the cloud in some fashion by 2022 which would represent a significant increase in users versus today.