In 2023, the global Oil, Gas and Chemicals software market surged to nearly $12.8 billion, growing by 9.4%. The top 10 vendors commanded a significant 49.5% market share, with Microsoft leading at 15.7%, followed by SAP, Salesforce, Aspen Technology, and AVEVA Group.
Our APPS TOP 500 Market Report (Preview) covers hundreds of Oil, Gas and Chemicals software vendors, offering deep insights into market dynamics, vendor strengths, AI investments, customer momentum, and go-to-market strategies providing valuable perspectives on market trends and challenges.
Discover thousands of Oil, Gas and Chemicals Customer Wins with the ARTW Technographics Platform, an essential resource for technology enthusiasts, sales business leaders, and data-driven marketing executives, offering curated insights into the evolving landscape of the software industry, including the latest developments in the Oil, Gas and Chemicals software market.
We ask the simple question: Who’s buying Oil, Gas and Chemicals applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)
Through our forecast period, the Oil, Gas and Chemicals applications market size is expected to reach $15.4 billion by 2028, compared with $12.8 billion in 2023 at a compound annual growth rate of 3.7%.
| Exhibit 2: Worldwide Oil, Gas and Chemicals Software Market 2023-2028 Forecast, $M | |||
|---|---|---|---|
| Year | 2023 | 2028 | 2023-2028 CAGR, % |
| Total | 12839 | 15409 | 3.7% |
Source: Apps Run The World, June 2024
Top 10 Oil, Gas and Chemicals Software vendors
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, 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.
Here are the rankings of the top 10 Oil, Gas and Chemicals software vendors in 2023 and their market shares.
| Rank | Vendor | 2021 Oil and Gas Apps Revenues, $M | 2022 Oil and Gas Apps Revenues, $M | 2023 Oil and Gas Apps Revenues, $M | YoY Growth | 2023 Oil and Gas Market Share, % |
|---|---|---|---|---|---|---|
| 1 | Microsoft | Subscribe | Subscribe | Subscribe | 7.0% | Subscribe |
| 2 | SAP | Subscribe | Subscribe | Subscribe | 5.7% | Subscribe |
| 3 | Salesforce | Subscribe | Subscribe | Subscribe | 12.4% | Subscribe |
| 4 | Aspen Technology | Subscribe | Subscribe | Subscribe | 7.3% | Subscribe |
| 5 | AVEVA Group | Subscribe | Subscribe | Subscribe | 14.0% | Subscribe |
| 6 | Infor | Subscribe | Subscribe | Subscribe | 4.8% | Subscribe |
| 7 | Oracle | Subscribe | Subscribe | Subscribe | 7.9% | Subscribe |
| 8 | Quorum Software | Subscribe | Subscribe | Subscribe | 10.1% | Subscribe |
| 9 | IFS | Subscribe | Subscribe | Subscribe | 8.3% | Subscribe |
| 10 | Hexagon | Subscribe | Subscribe | Subscribe | 6.2% | Subscribe |
| Subtotal | Subscribe | Subscribe | Subscribe | 7.9% | Subscribe | |
| Other | Subscribe | Subscribe | Subscribe | 10.9% | Subscribe | |
| Total | 10458 | 11738 | 12839 | 9.4% | 100.0% |
Source: Apps Run The World, June 2024
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., Landmark, LeaseCalcs, Locus Technologies, Nakisa, Nice Systems, Objective Corporation, OmniSci, Open Text Corporation, Optalert Limited, ORTEC, OverIT, Pegasystems, ProAlpha Business Solutions, 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.
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 2023-2028
- 2023 Oil, Gas and Chemicals Applications Market By Functional Market (16 Markets)
- 2023 Oil, Gas and Chemicals Applications Market By Country (USA + 45 countries)
- 2023 Oil, Gas and Chemicals Applications Market By Region (Americas, EMEA, APAC)
- 2023 Oil, Gas and Chemicals Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
- 2023 Oil, Gas and Chemicals Applications Market By Customer Size (revenue, employee count, asset)
- 2023 Oil, Gas and Chemicals Applications Market By Channel (Direct vs Direct)
- 2023 Oil, Gas and Chemicals Applications Market By Product
- Zinnov, a India based Oil, Gas and Chemicals organization with 100 Employees
- University Of Saarland, a Germany based Education company with 375 Employees
- Intel, a United States based Professional Services organization with 108900 Employees
| Logo | Company | Industry | Employees | Revenue | Country | Evaluated |
|---|
Worldwide Enterprise Applications by Vertical Market
Exhibit 3 provides a forecast of the worldwide enterprise applications by vertical market from 2023 to 2028, 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 2023-2028 by Functional Market ($M)
Source: Apps Run The World, June 2024
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.
Oil, Gas and Chemicals Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database
On the buyer side, customers are investing in Oil, Gas and Chemicals systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.
Since 2010, our global team of researchers have been studying the patterns of the latest Oil, Gas and Chemicals software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these Government customer wins and losses from public and proprietary sources.
The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.
| Customer | Industry | Empl. | Revenue | Country | Vendor | New Product | Function |
| Exelon | Oil and Gas | 30000 | $33.53B | United States | Oracle | Oracle Autonomous Data Warehouse | Autonomous Database |
| Universal Pegasus International | Oil and Gas | 1500 | $1.75B | United States | Microsoft | Microsoft Dynamics 365 for Finance and Operations | Enterprise Resource Planning |
| Southwestern Energy | Oil and Gas | 2597 | $3.13B | United States | Oracle | Oracle HCM Cloud | Human Capital Management |
| Energizer | Oil and Gas | 5100 | $1.61B | United States | ADP | ADP GlobalView HCM | Human Capital Management |
| Danieli | Oil and Gas | 10000 | $3.00B | Italy | Amber Road | Amber Road’s Export On-Demand | Global Trade Management & Export Management Software |
| Siemens | Oil and Gas | 348000 | $75.60B | Germany | Amber Road | Amber Road’s China Trade Management | Global Trade Management & Export Management Software |
| NuScale Power | Oil and Gas | 600 | $38.0M | United States | Ansys | ANSYS Enterprise Cloud | Product Lifecycle Management & Engineering |
| LG&E and KU | Oil and Gas | 3200 | $3.00B | United States | Citrix | Citrix ShareFile | Enterprise File Sync and Sharing |
| Forum Energy Technologies | Oil and Gas | 2500 | $885.0M | United States | Dassault Systemes | Dassault Enovia PLM | Product Lifecycle Management |
| Siemens | Oil and Gas | 348000 | $75.60B | Germany | Five9 | Five9 Cloud | Customer Service and Support |
| Hilcorp Energy Company | Oil and Gas | 1350 | $500.0M | United States | Host Analytics | Host Analytics Cloud EPM Suite | Enterprise Performance Management |
| ElectroRoute | Oil and Gas | 35 | $10.0M | Ireland | IBM | IBM Cognos Business Intelligence | Business Intelligence |
| Engie | Oil and Gas | 152900 | $83.35B | France | IBM | IBM Omni-channel marketing (ex Unica) | Omni-channel Marketing |
| Preem.se | Oil and Gas | 1200 | $2.00B | Sweden | Infor | Infor M3 | Enterprise Resource Planning |
| Superior Plus Energy Services | Oil and Gas | 1100 | $570.0M | United States | ION Investment Group | OpenLink Findur | Treasury and Risk Management Solution |
| Abunayyan Holding | Oil and Gas | 4500 | $800.0M | Saudi Arabia | Microsoft | LinkedIn Talent Solutions | Talent Management |
| Diesel Direct, Inc | Oil and Gas | 300 | $100.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| Expro | Oil and Gas | 4500 | $1.40B | United Kingdom | Microsoft | Microsoft Office 365 | Content Management |
| Gerard Daniel Worldwide | Oil and Gas | 320 | $70.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| National Oilwell Varco | Oil and Gas | 31321 | $7.30B | United States | Microsoft | Microsoft Dynamics 365 for Finance and Operations | Enterprise Resource Planning |
| Osterman Propane LLC | Oil and Gas | 250 | $70.0M | United States | Microsoft | Microsoft Dynamics GP | Enterprise Resource Planning |
| CenterPoint Energy | Oil and Gas | 7505 | $7.39B | United States | Oracle | Oracle HCM Cloud | Human Capital Management |
| CLK Enerji Yatırım A.Ş. | Oil and Gas | 200 | $80.0M | Turkey | Oracle | Oracle Utilities Customer Care and Billing | Customer Relationship Management |
| Engie | Oil and Gas | 152900 | $83.35B | France | Oracle | Oracle HCM Cloud | Human Capital Management |
| Samuel | Oil and Gas | 5300 | $3.67B | Canada | Oracle | Oracle HCM Cloud | Human Capital Management |
| Apollo Oil | Oil and Gas | 150 | $30.0M | United States | Sage | Sage X3 | Enterprise Resource Planning |
| Veolia | Oil and Gas | 179000 | $24.96B | France | Sage | Sage CRM | Customer Relationship Management |
| Baker Hughes | Oil and Gas | 58800 | $22.36B | United States | Salesforce | Service Cloud | Customer Service and Support |
| Chevron | Oil and Gas | 64700 | $129.92B | United States | Salesforce | Service Cloud | Customer Service and Support |
| Engie | Oil and Gas | 152900 | $83.35B | France | Salesforce | Salesforce CRM | Customer Relationship Management |
| Wärtsilä | Oil and Gas | 18000 | $5.50B | Finland | Salesforce | Service Cloud | Customer Service and Support |
| Concho | Oil and Gas | 2100 | $1.80B | United States | SAP | SAP Business Planning and Consolidation | Enterprise Performance Management |
| FMC Corporation | Oil and Gas | 7000 | $4.50B | United States | SAP | SAP Ariba | Source-to-Pay Procurement and Supply Chain Cloud |
| FMC Corporation | Oil and Gas | 7000 | $4.50B | United States | SAP | SAP S/4 HANA | Enterprise Resource Planning |
| Lampiris | Oil and Gas | 500 | $1.75B | Belgium | SAP | SAP Cloud for Customer | Customer Relationship Management |
| Sunoco Lp | Oil and Gas | 11000 | $3.20B | United States | SciQuest | Sciquest Source-to-Settle Suite | Procurement |
| Trafigura | Oil and Gas | 5326 | $127.60B | Netherlands | Thunderhead | Thunderhead ONE Engagement Hub | Customer Engagement Platform |
| Sabine Oil | Oil and Gas | 223 | $464.0M | United States | TIBCO Software | TIBCO Spotfire | Data Visualization & Analytics Software |
| Veolia | Oil and Gas | 179000 | $24.96B | France | Tidemark | Tidemark EPM | Enterprise Performance Management |
| SP Energy Networks | Oil and Gas | 9200 | $6.59B | United Kingdom | Verint Systems | Verint Engagement Management | Engagement Management |
| Repsol | Oil and Gas | 24000 | $50.00B | Spain | Wolters Kluwer | CCH Tagetik | Enterprise Performance Management |
| Hawaiian Electric Industries | Oil and Gas | 3900 | $2.52B | United States | Workiva | Wdesk | Enterprise Performance Management |
| Pioneer Energy Services | Oil and Gas | 1300 | $541.0M | United States | Workiva | Wdesk | Enterprise Performance Management |
Source: Apps Run The World, June 2024
More Enterprise Applications Research Findings
Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) ranked by their 2019-2023 product revenues.
Their 2023 results are being broken down, sorted and ranked across 16 functional areas (from Analytics 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 100,000 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.
