Top 10 Oil, Gas and Chemicals Software Vendors and Market Forecast 2017-2022

Worldwide Oil, Gas and Chemicals Applications Market to reach $7.5 billion by 2022, compared with $7.2 billion in 2017 at a compound annual growth rate of 0.9%.

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In 2017, the top 10 Oil, Gas and Chemicals software vendors accounted for nearly 52% of the global Oil, Gas and Chemicals applications market which grew 2.0% to approach nearly $7.2 billion in license, maintenance and subscription revenues.

Last year SAP was the market leader with 26% market share in license, maintenance and subscription revenues, followed by MicrosoftAspen Technology, IBM and Oracle.

Exhibit 1 - 2017 Oil, Gas and Chemicals Applications Market Shares Split By Top 10 Oil and Gas Vendors and Others, %
Exhibit 1 – 2017 Oil, Gas and Chemicals Applications Market Shares Split By Top 10 Oil, Gas and Chemicals Vendors and Others, %

Through our forecast period, the Oil, Gas and Chemicals applications market is expected to reach $7.5 billion by 2022, compared with $7.2 billion in 2017 at a compound annual growth rate of 0.9%.

Exhibit 2: Worldwide Oil, Gas and Chemicals Software Market 2017-2022 Forecast, $M
Year 2017 2022 2017-2022 CAGR, %
Total 7179 7512 0.9%

Source: Apps Run The World, January 2019

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 2017 and their market shares.

Rank Vendor 2016 Oil, Gas and Chemicals Apps Revenues, $M 2017 Oil, Gas and Chemicals Apps Revenues, $M YoY Growth 2017 Oil, Gas and Chemicals Market Share, % Recent Developments
1 SAP Subscribe Subscribe 6.4% Subscribe SAP was on track to sign more than 10,000 customers including many listed below for its next-generation ERP S/4HANA by end of 2018 with 40% of the latest additions being considered net new wins for the vendor.
2 Microsoft Subscribe Subscribe 1.1% Subscribe Migrating legacy AX, C5, GP, NAV, and SL to Dynamics 365 for the Cloud remains the top priority for Microsoft’s evolving enterprise apps strategy, whose success will depend on strengthening ties with ISV partners in strategic verticals.
3 Aspen Technology Subscribe Subscribe 6.7% Subscribe Relying on Microsoft Azure, Aspen bolstered aspenONE Asset Performance Management (APM) software to new assets and data sources across the enterprise with Aspen Edge Connect and Aspen Cloud Connect software.
4 IBM Subscribe Subscribe -4.7% Subscribe IBM acquired Red Hat for Cloud security, while IBM unloaded Notes, Sterling and other assets to HCL.
5 Oracle Subscribe Subscribe 3.4% Subscribe Oracle has signed more than 22,000 Cloud ERP customers including many listed below. The number of Oracle Cloud ERP customers totals nearly 6,000 for Oracle ERP Cloud and 16,000 for NetSuite. Each quarter Oracle is migrating at least 200 customers of its on-premise ERP systems like E-Business Suite to the Cloud.
6 Dassault Systemes Subscribe Subscribe 5.7% Subscribe Dassault Systemes acquired majority stake in Centric Software for its PLM apps for CP and apparel verticals. Dassault also picked up IQMS for its manufacturing ERP apps.
7 Hexagon Subscribe Subscribe 9.6% Subscribe Hexagon acquired AutonomouStuff, a supplier of integrated autonomous vehicle solutions.
8 Salesforce Subscribe Subscribe 23.2% Subscribe The recent buy of MuleSoft will be instrumental for Cloud integration, especially in helping customers extend into non-Salesforce systems for key verticals as well as those that Salesforce is still playing catch-up.
9 ABB’s Enterprise Software Group Subscribe Subscribe 1.4% Subscribe ABB acquired GE Industrial Solutions (GEIS), GE’s global electrification solutions business. The $2.6 billion deal unlocks growth opportunities by coupling ABB’s digital offering, ABB Ability, with the extensive GEIS installed base.
10 Aucerna Subscribe Subscribe 25.0% Subscribe Aucerna (ex 3esi-Enersight) released its 2018 version of AFE Nav, the leading AFE Management and AFE Workflow solution. The new Budgeting and Forecasting module will provide 3esi-Enersight customers with complete, integrated capital management and tracking, connecting operations and accounting teams for optimized visibility into project spending.
Subtotal Subscribe Subscribe 5.5% Subscribe
Other Subscribe Subscribe -1.6% Subscribe
Total Subscribe Subscribe 2.0% Subscribe

Source: Apps Run The World, January, 2019

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

  • Top 600 Oil, Gas and Chemicals Applications Vendors and Market Forecast 2017-2022
  • 2017 Oil, Gas and Chemicals Applications Market By Functional Market (16 Markets)
  • 2017 Oil, Gas and Chemicals Applications Market By Country (USA + 45 countries)
  • 2017 Oil, Gas and Chemicals Applications Market By Region (Americas, EMEA, APAC)
  • 2017 Oil, Gas and Chemicals Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2017 Oil, Gas and Chemicals Applications Market By Customer Size (revenue, employee count, asset)
  • 2017 Oil, Gas and Chemicals Applications Market By Channel (Direct vs Direct)
  • 2017 Oil, Gas and Chemicals Applications Market By Product

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.

Exhibit 4 - Worldwide Enterprise Applications Market Forecast 2017-2022, By Vertical Industry, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2017-2022, By Vertical Industry, $M

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 applications 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, January 2019

Further Readings

An expanded version of this report covers the top 500+ Oil, Gas and Chemicals Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space. We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

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) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2017 product revenues.

Their 2017 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.

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