The global oil and gas analytics market is projected to grow from $12.04 billion in 2025 to $86.60 billion by 2035, at a CAGR of 21.92%. Growth is fueled by increasing adoption of AI, cloud-based analytics, and real-time data monitoring to improve operational efficiency, predictive maintenance, and decision-making across upstream, midstream, and downstream sectors. North America currently leads the market, while Asia Pacific is expected to see the fastest growth due to rising energy demand and industrialization. Major players include IBM, Microsoft, Schlumberger, and Amazon Web Services, with software and cloud deployment dominating the market segments.
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
Energy prices cooled in June, easing inflation pressures despite ongoing tensions between the U.S. and Iran near the Strait of Hormuz. Morgan Stanley reported record quarterly revenue and profit, boosted by a surge in equities trading fueled by the A...
IBM reported earnings and revenue below expectations due to enterprises reducing spending on traditional IT systems to invest in their own AI infrastructure. This shift indicates companies prefer developing on-premises AI solutions with cheaper open-...
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
IBM introduced Power Autonomous Operations, an AI agent that autonomously monitors and resolves issues in Power systems up to 15 times faster than manual methods, enhancing system uptime and efficiency. Alongside, IBM launched the Power S1112, a comp...
