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 Microsoft, Aspen Technology, IBM and Oracle.
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.
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.
