Worldwide Oil and Gas Software Market Forecast, 2024-2029, $M
Worldwide Oil and Gas Software Market Forecast, 2024-2029, $M

In 2024, the global Oil, Gas, and Chemicals software market grew to $14 billion, marking a 9.5% year-over-year increase. The top 10 vendors accounted for 49.5% of the total market. Microsoft led the pack with a 13.1% market share, followed by SAP, Salesforce, and AVEVA Group.

Through our forecast period, the Oil and Gas applications market size is expected to reach $18.5 billion by 2029, compared with $14 billion in 2024 at a compound annual growth rate of 5.8%.

Oil and Gas, Chemicals (Fuel extraction, petroleum refining, primary derivatives from oil, chemicals, and allied products) – Oil and Gas Operations Management, Reserves Management, Capital Planning, and Budgeting, Well Production Software, Financials, HR, Procurement

Despite slumping oil prices, the long-term outlook is promising as the industry shakeout will increase pressures to contain costs through automation, while advanced project management apps could become more important than ever. Buoyed by low oil prices, chemical makers and downstream distributors will boost IT spend. Cloud migration for some may be slow in areas with bandwidth limitations.

Top 10 Oil, Gas, and Chemicals Software Vendors in 2024 and their Market Shares

RankVendorOil and Gas Apps2022 Oil and Gas Apps Revenues, $M2023 Oil and Gas Apps Revenues, $M2024 Oil and Gas Apps Revenues, $MYoY Growth2024 Oil and Gas Market Share, %
1MicrosoftMicrosoft Dynamics 365 Field Service, Microsoft Dynamics 365 for Finance and Operations, Microsoft Dynamics 365 Business Central Subscribe Subscribe Subscribe7.8% Subscribe
2SAPSAP Oil and Gas SD, SAP ERP IS-OIL, SAP S/4 HANA Subscribe Subscribe Subscribe11.0% Subscribe
3SalesforceSalesforce Field Service (ex ClickSoftware), Salesforce Sales Cloud, Salesforce Service Cloud Subscribe Subscribe Subscribe9.0% Subscribe
4AVEVA GroupAVEVA PI System, AVEVA Unified Engineering, AVEVA Process Simulation, AVEVA Asset Information Management, AVEVA Unified Supply Chain Subscribe Subscribe Subscribe16.5% Subscribe
5Emerson (inc. Aspen)Emerson DeltaV Automation System, Aspen HYSYS, Aspen DMC3, Aspen Mtell Subscribe Subscribe Subscribe5.1% Subscribe
6OracleOracle Cloud EPM, Oracle Cloud ERP, Oracle Cloud SCM, Oracle Cloud HCM Subscribe Subscribe Subscribe9.8% Subscribe
7InforInfor CloudSuite Chemical, Infor CloudSuite Industrial (Syteline), Infor SunSystems Subscribe Subscribe Subscribe2.0% Subscribe
8Quorum SoftwareQuorum OGsys On Demand, myQuorum Accounting, Quorum Aucerna PetroVR Subscribe Subscribe Subscribe3.7% Subscribe
9HexagonHxGN EAM (Ex. Infor EAM), EcoSys, Hexagon CADWorx Subscribe Subscribe Subscribe6.0% Subscribe
10IFSIFS BOLO (formerly P2 BOLO), IFS Excalibur (formerly P2 Excalibur), IFS Merrick (formerly P2 Merrick) Subscribe Subscribe Subscribe6.1% Subscribe
Subtotal Subscribe Subscribe Subscribe8.8% Subscribe
Other Subscribe Subscribe Subscribe10.1% Subscribe
Total1171612811140229.5%100.0%

Source: Apps Run The World, July 2025

Other Oil, Gas and Chemicals software providers included in the report are: ABB’s Enterprise Software Group, Aclara Software, Adobe, ADP, Altair Engineering, Ansys Inc., Atlassian, Aurea, Autodesk, Axway, Bentley Systems Inc., BlackLine, Circadian, Cisco Systems, Citrix, Computer Methods International Corp., Computer Modeling Group, Constellation Software Inc., Content Guru, Cadence Design Systems, CoreLogic, DocuSign, Dassault Systemes, Dropbox, E2open, Wolters Kluwer, Fischer Solutions Inc., Fiserv, Fluentgrid, GE Digital, Genesys, GEP Procurement, Global Shop Solutions, Google, GPS Insight, Honeywell International, IBS Software Services, IDBS, IFS, IBM, Infor, Intuit Inc., Itron Inc., LeaseCalcs, Locus Technologies, Nakisa, Nice Systems, Objective Corporation, OmniSci, Open Text Corporation, Optalert Limited, ORTEC, OverIT, Pegasystems, ProAlpha, PSI AG, PTC, Qlik, Quantrix, Quorum Business Solutions, River Logic, Rockwell Automation, Schlumberger Software, ServiceNow, Shell Global Solutions International BV, Siemens Digital Industries Software, Teradata Corporation, Trayport, Trimble, TietoEVRY, UKG, Verint Systems Inc., Visma, Vroozi, Workday, Workiva, Zoom Video Communications, and many others.

Vendor Snapshot: Oil and Gas Market Leaders

Microsoft

Microsoft has advanced its Dynamics 365 Field Service, Finance & Operations, and Business Central for oil & gas by introducing AI-powered predictive maintenance, connected field service management, and low-code Power Platform applications that streamline workflows. Several oil & gas operators now use Microsoft Power Apps to build custom field tools, reducing maintenance costs substantially and optimizing remote operations. The company also integrates Copilot and Azure AI to enhance asset performance, regulatory compliance, and energy transition efforts in industry-specific contexts.

SAP

SAP continues to modernize the oil & gas digital core through S/4HANA, IS-OIL, and industry solution enhancements that emphasize real-time production optimization, sustainability reporting, and integration of digital twins for upstream/midstream/downstream workflows. Recent roadmap updates and industry-focused content highlight investments in AI-enabled forecasting, emissions monitoring, regulatory compliance automation, and embedding sustainability metrics into core ERP processes to support energy transition strategies. SAP’s ongoing co-development with large energy players and its focused solution roadmap reinforce its push to deliver intelligent, cloud-native operations with measurable environmental and operational improvements.

Salesforce

Salesforce has substantially enhanced Field Service for energy and oil & gas through the introduction of Agentforce for Field Service, which brings agentic and generative AI to automate scheduling, troubleshooting, and reporting, reducing friction for frontline technicians. Coupled with predictive work-order routing and real-time service analytics in Sales and Service Cloud, these updates unify field, customer, and asset data to drive faster issue resolution and improve uptime. The company continues to articulate a future shaped by AI agents and data platform integration, positioning its field service capabilities as a productivity multiplier in complex, distributed oilfield environments.

AVEVA Group

AVEVA’s suite—including PI System, Unified Engineering, and Process Simulation—recently introduced integrated industrial analytics, edge-enabled data historian capabilities, and digital twin engineering workflows that support live operational decision-making in oil & gas environments. Investments in unified supply chain and asset information management now support seamless process optimization across plant design, operations, and maintenance. AVEVA continues to refine its supply-chain and engineering platforms with enhanced simulation and AI-powered anomaly detection tools.

Emerson (inc. Aspen)

Emerson’s strategic evolution—accelerated by its 2025 consolidation with AspenTech—has strengthened its footprint in oil & gas through an integrated automation and data fabric approach, combining DeltaV, Aspen HYSYS, DMC3, and Mtell for real-time process control, predictive maintenance, and AI-driven anomaly detection. The collaboration on industrial data initiatives (e.g., with TotalEnergies) and the broader “Project Beyond” effort reflects an investment in open, software-defined infrastructure to support energy transition use cases and operational resilience. These developments aim to unify OT/IT data, boost uptime, and provide smarter, AI-enhanced optimization at scale.

Oracle

Oracle has enhanced its Cloud ERP, EPM, SCM, and maintenance capabilities for oil & gas clients by embedding AI agents to automate financial forecasting, anomaly detection, and supply chain decision-making, and by extending predictive maintenance and connected planning across complex global operations. Its recent announcements emphasize AI-powered supply chain visibility, carbon accounting support, and integrated digital transformation for energy sector CFOs aiming to balance cost, risk, and sustainability. Oracle’s cloud-based modernization initiatives (including success stories like Williams Companies) underscore its push to replace legacy systems with scalable, data-driven operational platforms.

Infor

Infor has advanced its CloudSuite Chemical and Industrial offerings with industry-specific AI enhancements that turn operational data into actionable insights for predictive maintenance, compliance, and agile decision-making in oil & gas environments. The platform’s cloud-native architecture, low-code extensibility, and integrated ESG and quality controls cater to upstream and downstream efficiency pressures, while continuous investment in the Infor OS ecosystem reinforces real-time visibility and automation. These updates aim to reduce downtime, accelerate innovation, and help operators manage complexity amid volatile market conditions.

Quorum Software

Quorum Software has enriched its OGsys On Demand, myQuorum Accounting, and Aucerna PetroVR portfolio with enhanced development simulation, capital planning accuracy, and integrated business planning tools tailored for upstream and midstream oil & gas economics. Recent advancements emphasize risk-weighted asset development modeling, streamlined accounting workflows, and cloud-based financial visibility that support tighter cost control and scenario-driven investment decisions. Quorum’s continued focus on cross-platform integration and digital project modeling helps operators align technical, financial, and strategic planning.

Hexagon

Hexagon is reinforcing oil & gas capital and asset lifecycle management through innovations in HxGN EAM, EcoSys, and CADWorx, integrating machine learning for cost forecasting, risk simulation, and design automation within digital twin frameworks. Its award-winning HxGN Alix solution highlights industry recognition for AI and twin-enabled capabilities that drive reliability and operational insights, while EcoSys delivers enhanced program controls and benchmarking for large-scale investments. Hexagon continues expanding its strategic customer engagement via elite awards and success stories to validate its approach to intelligent, connected project execution.

IFS

IFS, through its Energy & Resources unit (formerly P2 Energy Solutions), released IFS BOLO 15 and adjacent product enhancements that embed IFS.ai to deliver significant back-office efficiency, predictive automation, and streamlined accounting for oil & gas operators pursuing both reliability and sustainability. The vendor’s broader cloud-native digital transformation narrative emphasizes asset optimization, scenario modeling, and ESG readiness, positioning its integrated suite (including Excalibur and Merrick) as a platform for operational agility in a changing energy landscape. IFS’s publicized thought leadership on energy trends and continued consolidation of its upstream-focused solutions reinforce its commitment to AI-driven efficiency and strategic modernization.

ARTW Technographics Platform: Oil and Gas customer wins

Since 2010, our research team has been studying the patterns of Oil and Gas software purchases, analyzing customer behavior and vendor performance through continuous win/loss analysis. Updated quarterly, the ARTW Technographics Platform provides deep insights into thousands of Oil and Gas customer wins and losses, helping users monitor competitive shifts, evaluate vendor momentum, and make informed go-to-market decisions.

List of Oil and Gas customers  

CustomerIndustryEmpl.RevenueCountryProductCategory
ADNOC GroupOil, Gas and Chemicals65000$24.2BUnited Arab EmiratesAVEVA Predictive AnalyticsAsset Performance Management
Alliance Resource Partners, L.P.Oil, Gas and Chemicals3595$2.6BUnited StatesOracle Cloud ERPERP Financial
AmbatovyOil, Gas and Chemicals3000$1.0BMadagascarHxGN EAM (Ex. Infor EAM)Enterprise Asset Management
Anglo Tunisian Oil & GasOil, Gas and Chemicals70$300MUnited KingdomInfor SunSystemsERP Financial
Archrock IncOil, Gas and Chemicals1100$648MUnited StatesMicrosoft Dynamics 365 Field ServiceField Service Management
BASFOil, Gas and Chemicals16060$19.8BUnited StatesSAP S/4HANA CloudERP Financial
Carbon Creek EnergyOil, Gas and Chemicals10$2MUnited StatesIFS BOLO (formerly P2 BOLO)Oil Gas and Chemicals ERP
ClearStream Energy ServicesOil, Gas and Chemicals1100$283MCanadaIFS Cloud ERPERP Financial
CNX Resources CorporationOil, Gas and Chemicals441$2.4BUnited StatesmyQuorum AccountingOil Gas and Chemicals ERP
Comstock ResourcesOil, Gas and Chemicals225$1.9BUnited StatesIFS Merrick (formerly P2 Merrick)Oil Gas and Chemicals ERP
ConocoPhillipsOil, Gas and Chemicals11800$54.7BUnited StatesSalesforce Field Service (ex ClickSoftware)Field Service Management
Crowheart EnergyOil, Gas and Chemicals200$26MUnited StatesmyQuorum DynamicDocsDocument Management
Diamondback EnergyOil, Gas and Chemicals1983$11.0BUnited StatesSAP S/4 HANAERP Financial
DOW.NOil, Gas and Chemicals36000$43.0BUnited StatesAveva APM AssessmentAsset Performance Management
Encino EnergyOil, Gas and Chemicals300$100MUnited StatesIFS Merrick (formerly P2 Merrick)Oil Gas and Chemicals ERP
ExxonMobilOil, Gas and Chemicals62000$344.6BUnited StatesSalesforce Sales CloudSales Automation,CRM,Sales Engagement
Flint Hills ResourcesOIl, Gas and Chemicals4200$1.0BUnited StatesInfor CloudSuite EAM Asset PerformanceAsset Performance Management
Fundare Resources CompanyOil, Gas and Chemicals30$15MUnited StatesIFS BOLO (formerly P2 BOLO)Oil Gas and Chemicals ERP
Harmony GoldOil, Gas and Chemicals46078$3.3BSouth AfricaOracle Cloud HCMCore HR
Heathgate ResourcesOil, Gas and Chemicals240$40MAustraliaAspen HYSYSProcess Simulation
Huntsman InternationalOil, Gas and Chemicals6000$6.1BUnited StatesEmerson DeltaV Automation SystemAsset Performance Management
Infinis EnergyOil, Gas and Chemicals500$179MUnited KingdomInfor SunSystemsERP Financial
Jacam CatalystOil, Gas and Chemicals1000$250MUnited StatesMicrosoft Dynamics 365 for Finance and OperationsERP Financial
John Wood GroupOil, Gas and Chemicals36000$6.4BUnited KingdomHexagon CADWorxElectronic Design
KH Neochem Co.Oil, Gas and Chemicals809$107MJapanAspen DMC3Asset Performance Management
Kuwait Oil CompanyOil, Gas and Chemicals10984$6.4BKuwaitMicrosoft Power BIAnalytics and BI
Kuwait Petroleum CompanyOil, Gas and Chemicals18902$52.0BKuwaitOracle Cloud ERPERP Financial
Marathon OilOil, Gas and Chemicals1681$6.4BUnited StatesSalesforce Field Service (ex ClickSoftware)Field Service Management
MoeveOil, Gas and Chemicals11000$26.3BSpainMicrosoft 365Collaboration
Navigator GasOil, Gas and Chemicals124$406MUnited KingdomInfor SunSystemsERP Financial
NiCo ResourcesOil, Gas and Chemicals900$95MAustraliaAVEVA Plant SCADASupervisory Control and Data Acquisition (SCADA)
Normet GroupOil, Gas and Chemicals1300$523MFinlandMicrosoft Dynamics 365 Field ServiceField Service Management
NuStar Logistics, L.P.Oil, Gas and Chemicals1167$1.7BUnited StatesEmerson SynthesisOil Gas and Chemicals ERP
OceaneeringOil, Gas and Chemicals10400$2.7BUnited StatesOracle Cloud SCMSupply Chain Management
Paramount Resources LtdOil, Gas and Chemicals475$1.0BCanadaQuorum Aucerna PlanningOil Gas and Chemicals ERP
PetronasOil, Gas and Chemicals47669$5.6BMalaysiaAVEVA WonderwareAsset Performance Management
QuarterNorth EnergyOil, Gas and Chemicals200$50MUnited StatesQuorum OGsys On DemandOil Gas and Chemicals ERP
Reliance IndustriesOil, Gas and Chemicals347362$112.6BIndiaSAP Oil and Gas SDSupply Chain Management
SABICOil, Gas and Chemicals32000$3.7BSaudi ArabiaAspen PlusProcess Simulation
SBM OffshoreOil, Gas and Chemicals6301$4.8BNetherlandsEcoSysProject Portfolio Management
SCG ChemicalsOil, Gas and Chemicals2829$600MThailandAveva APM AssessmentAsset Performance Management
Seplat EnergyOil, Gas and Chemicals532$733MNigeriaHxGN EAM (Ex. Infor EAM)Enterprise Asset Management
ShellOil, Gas and Chemicals96000$284.3BUnited KingdomSalesforce Sales CloudSales Automation,CRM,Sales Engagement
SM EnergyOil, Gas and Chemicals506$2.5BUnited StatesQuorum Aucerna ExecutionOil Gas and Chemicals ERP
Subsea 7Oil, Gas and Chemicals14876$6.8BUnited KingdomEcoSysProject Portfolio Management
SyensqoOil, Gas and Chemicals13000$7.4BBelgiumSAP S/4 HANAERP Financial
TecpetrolOil, Gas and Chemicals3500$29.9BArgentinaInfor WMSWarehouse Management
TotalOil, Gas and Chemicals100000$218.0BFranceSalesforce Sales CloudSales Automation,CRM,Sales Engagement
TotalEnergiesOil, Gas and Chemicals102887$49.5BFranceSAP Oil and Gas SDSupply Chain Management
Trican Well ServiceOil, Gas and Chemicals1032$502MCanadaOracle Cloud ERPERP Financial

Source: ARTW Buyer Insights Technographic Database

Custom data cuts related to the Oil, Gas and Chemicals Applications market are available:

  • Top 850+ Oil, Gas and Chemicals Applications Vendors and Market Forecast 2024-2029
  • 2024 Oil, Gas and Chemicals Applications Market By Functional Market (16 Markets)
  • 2024 Oil, Gas and Chemicals Applications Market By Country (USA + 45 countries)
  • 2024 Oil, Gas and Chemicals Applications Market By Region (Americas, EMEA, APAC)
  • 2024 Oil, Gas and Chemicals Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2024 Oil, Gas and Chemicals Applications Market By Customer Size (revenue, employee count, asset)
  • 2024 Oil, Gas and Chemicals Applications Market By Channel (Direct vs Indirect)
  • 2024 Oil, Gas and Chemicals Applications Market By Product

Worldwide Enterprise Applications by Vertical Market

Exhibit 3 provides a forecast of the worldwide enterprise applications by vertical market from 2024 to 2029, highlighting market sizes, year-over-year growth, and compound annual growth rates across different industry sectors from Aerospace and Defense to Utilities.

Exhibit 3: Worldwide Enterprise Applications by Vertical Market Forecast 2024-2029 by Functional Market ($M)

Vertical Market, $M202220232024YoY Growth20292024-2029 CAGR, %
Aerospace & Defense Subscribe Subscribe Subscribe Subscribe Subscribe6.6
Automotive Subscribe Subscribe Subscribe Subscribe Subscribe5.6
Banking and Financial Services Subscribe Subscribe Subscribe Subscribe Subscribe5.5
Communications Subscribe Subscribe Subscribe Subscribe Subscribe6.2
Construction Subscribe Subscribe Subscribe Subscribe Subscribe6.1
Real Estate Subscribe Subscribe Subscribe Subscribe Subscribe5.8
Consumer Packaged Goods Subscribe Subscribe Subscribe Subscribe Subscribe6.3
Distribution Subscribe Subscribe Subscribe Subscribe Subscribe6.6
K-12 Subscribe Subscribe Subscribe Subscribe Subscribe6.2
Higher Education Subscribe Subscribe Subscribe Subscribe Subscribe6.6
Federal Government Subscribe Subscribe Subscribe Subscribe Subscribe5.9
State and Local Government Subscribe Subscribe Subscribe Subscribe Subscribe5.7
Public Safety Subscribe Subscribe Subscribe Subscribe Subscribe6.5
Healthcare Subscribe Subscribe Subscribe Subscribe Subscribe5.7
Life Insurance Subscribe Subscribe Subscribe Subscribe Subscribe5.7
P&C Insurance Subscribe Subscribe Subscribe Subscribe Subscribe6.1
Specialty Insurance Subscribe Subscribe Subscribe Subscribe Subscribe7.1
Leisure and Recreation Subscribe Subscribe Subscribe Subscribe Subscribe6.6
Hospitality and Lodging Subscribe Subscribe Subscribe Subscribe Subscribe6.1
Life Sciences Subscribe Subscribe Subscribe Subscribe Subscribe5.9
Manufacturing Subscribe Subscribe Subscribe Subscribe Subscribe5.9
Media Subscribe Subscribe Subscribe Subscribe Subscribe6.5
Faith-Based Nonprofit Subscribe Subscribe Subscribe Subscribe Subscribe5.7
Youth & Elderly Care Nonprofit Subscribe Subscribe Subscribe Subscribe Subscribe5.9
Special Cause Nonprofit Subscribe Subscribe Subscribe Subscribe Subscribe5.9
Oil and Gas Subscribe Subscribe Subscribe Subscribe Subscribe5.8
Professional Services Subscribe Subscribe Subscribe Subscribe Subscribe6.9
Retail Subscribe Subscribe Subscribe Subscribe Subscribe6.9
Transportation Subscribe Subscribe Subscribe Subscribe Subscribe6.9
Utility Subscribe Subscribe Subscribe Subscribe Subscribe5.3
Total Subscribe Subscribe Subscribe Subscribe Subscribe6.2

Source: Apps Run The World, July 2025

Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Worldwide Enterprise Applications Market Forecast 2024-2029, By Vertical Market, $M
Worldwide Enterprise Applications Market Forecast 2024-2029, By Vertical Market, $M
Worldwide Enterprise Applications Market Forecast 2024-2029, By Functional Market, $M
Worldwide Enterprise Applications Market Forecast 2024-2029, By Functional Market, $M

More Enterprise Applications Research Findings

Based on the latest annual survey of 10,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 1,500 largest Enterprise Applications Vendors ranked by their 2024 product revenues. Their 2024 results are being broken down, sorted and ranked across 16 functional areas (from Analytics and BI to Treasury and Risk Management) and by 21 vertical industries (from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market.

We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 2 million organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.

Buyer Intent: Companies Reading this Research Report
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
  1. Zinnov, a India based Oil, Gas and Chemicals organization with 100 Employees
  2. University Of Saarland, a Germany based Education company with 375 Employees
  3. Intel, a United States based Professional Services organization with 108900 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated