Top 10 Oil, Gas and Chemicals Software Vendors, Market Size and Market Forecast 2020-2025

Worldwide Oil, Gas and Chemicals Applications Market to reach $10.9 billion by 2025, compared with $9.8 billion in 2020 at a compound annual growth rate of 2.2%.

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Exhibit 4 - Worldwide Enterprise Applications Market Forecast 2020-2025, By Vertical Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2020-2025, By Vertical Market, $M

In 2020, the top 10 Oil, Gas and Chemicals software vendors accounted for nearly 51.6% of the global Oil, Gas and Chemicals applications market which grew 2.4% to approach nearly $9.8 billion in license, maintenance and subscription revenues.

Last year Microsoft was the market leader with a 16.5% market share in license, maintenance and subscription revenues, followed by SAPAspen Technology, Salesforce and AVEVA Group.

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)

Top 10 Oil, Gas and Chemicals Software Vendors, Market Size and Market Forecast 2020-2025
Exhibit 1 – 2020 Oil and Gas Applications Market Shares Split By Top 10 Oil and Gas Vendors and Others

Through our forecast period, the Oil, Gas and Chemicals applications market size is expected to reach $10.9 billion by 2025, compared with $9.8 billion in 2020 at a compound annual growth rate of 0.6%.

Exhibit 2: Worldwide Oil, Gas and Chemicals Software Market 2020-20245 Forecast, $M
Year202020252020-2025 CAGR, %
Total9797108972.2%

Source: Apps Run The World, December 2021

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 2020 and their market shares.

RankVendor2019 Oil and Gas Apps Revenues, $M2020 Oil and Gas Apps Revenues, $MYoY Growth2020 Oil and Gas Market Share, %Recent Developments
1Microsoft Subscribe Subscribe9.9% SubscribeMicrosoft Dynamics 365 is an idle solution for the oil and gas industry that covers all of the core utilitarian business requirements and processes to boost operational efficiencies. The solutions and schedule any particular job are designed uniquely for the industry that fetches profitable outcomes.
Try Microsoft Apps.
2SAP Subscribe Subscribe-8.9% SubscribeLeading upstream companies collaborated to define processes for SAP S/4HANA Cloud for upstream oil and gas. The solution is preconfigured with market-leading end-to-end processes for the oil and gas industry. SAP has more than 700 Oil & Gas customers, 1,000,000 global Oil & Gas SAP Users, and 100% of the Oil & Gas companies listed in Fortune 500 are running SAP.
3Aspen Technology Subscribe Subscribe14.6% SubscribeIn October 2021, Emerson entered into agreement to acquire 55% of AspenTech’s shares. The combined industrial software company will comprise Emerson’s grid modernization technology and geological simulation software, and AspenTech’s software offerings to mining, manufacturing, and pharmaceutical industries. The new company will retain AspenTech’s name
4Salesforce.com Subscribe Subscribe16.6% SubscribeFor the Oil & Gas industry, Salesforce connects stakeholders and assets across the value chain. The Salesforce platform enables engagement with stakeholders, streamlined field operations, the ability to predictably manage assets, workforce empowerment, enhanced customer engagement and data-driven decision making. With Salesforce, Oil & Gas organizations can leverage a single source of truth to connect and engage with stakeholders, employees, customers and assets.
5AVEVA Group Subscribe Subscribe-15.7% SubscribeAVEVA’s largest end market is Energy at around 35% of pro forma revenue, which includes upstream, midstream, and downstream Oil & Gas and the emerging renewable energy sector.
6Infor Subscribe Subscribe4.5% SubscribeIn 2021, Hexagon has acquired the entire Infor EAM business, which is one of the industry’s biggest players. For $2.75 billion, Hexagon will become the owner of Infor EAM, which can be described as one of the industry-leading SaaS-based solutions for managing enterprise assets, such as factory and production facilities and the like.
7Oracle Subscribe Subscribe-16.5% SubscribeKuwait Gulf Oil Company is the first Oil and Gas Company in Kuwait to implement Oracle Fusion Cloud Applications. The implementation has seen more than 60 core business processes automated to enhance efficiency, drive business continuity and enable seamless remote working. Thousands of Oil & Gas companies use Oracle applications to optimize daily functions, among them are Shell, NGL Energy, Vopak, Stallion, Fugro Norway, Booster Fuels, and others.
8Siemens Digital Industries Software Subscribe Subscribe3.8% SubscribeIn January 2021, the legal merger of Mentor Graphics with Siemens was completed – merging into the Siemens Industry Software Inc legal entity. Mentor Graphics’ name was changed to Siemens EDA, a division of Siemens Digital Industries Software.
9Quorum Software Subscribe Subscribe3.9% SubscribeQuorum merged with Aucerna, a global provider of integrated planning, execution, and reserves software for the energy industry. Operating as Quorum Software, the combined company recently acquired TietoEVRY’s Oil and Gas software business, including flagship solutions Energy Components and DaWinci. Together, the company now serves more than 1,800 energy customers across 55 countries.
10P2 Energy Solutions Subscribe Subscribe9.1% SubscribeP2 Energy Solutions’ customer base totals 1700 customers who rely on P2 to support billions of transactions across hundreds of thousands of wells. Among P2 customers are CrownQuest, Indigo Minerals, Newfield, Urban Oil and Gas, Chevron, ConocoPhillips, Dominion Resources, ExxonMobil, Marathon Oil Corporation, Oxy, Newfield, Urban Oil and Gas, and many others.
 Subtotal Subscribe Subscribe1.8% Subscribe 
 Other Subscribe Subscribe2.9% Subscribe 
 Total957197972.4%100% 

Source: Apps Run The World, December 2021

Other Oil, Gas and Chemicals software providers included in the report are: ABB’s Enterprise Software Group, Aclara Software, Adobe, ADP, Allegro Development Corp., Altair Engineering, Ansys Inc., ARCHIBUS, Aspect Enterprise Solutions, Atlassian, Aucerna, Aurea, Autodesk, Axway, Bentley Systems Inc., BlackLine, Circadian, Cisco Systems, Citrix, Computer Methods International Corp., Computer Modeling Group, Constellation Software Inc., Content Guru, CoreLogic, DocuSign, Dropbox, E2open, Enablon, Wolters Kluwer, FieldAware, Fischer Solutions Inc., Fiserv, Fluentgrid, GE Digital, Genesys, GEP Procurement, Global Shop Solutions, GlobePayroll, Google, Guardian Global Systems, Honeywell International, Emerging Technologies, IBS Software Services, IDBS, IFS, Infor, Intralinks, Intuit Inc., Itron Inc., JDA Software Group, KBC Advanced Technologies plc, Landmark, LeaseCalcs, Locus Technologies, LogMeIn, Nakisa, Nice Systems, Objective Corporation, OmniSci, Open Access Technology International, Open Text Corporation, Optalert Limited, ORTEC, OSIsoft, 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 PLM Software, Sunview Software, Tableau Software, Teradata Corporation, Thinkstep, Trayport, Trimble, UL EHS Sustainability, Verint Systems Inc., Visma, Vroozi, Workday, Workiva, and many others. 

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 2020-2025
  • 2020 Oil, Gas and Chemicals Applications Market By Functional Market (16 Markets)
  • 2020 Oil, Gas and Chemicals Applications Market By Country (USA + 45 countries)
  • 2020 Oil, Gas and Chemicals Applications Market By Region (Americas, EMEA, APAC)
  • 2020 Oil, Gas and Chemicals Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2020 Oil, Gas and Chemicals Applications Market By Customer Size (revenue, employee count, asset)
  • 2020 Oil, Gas and Chemicals Applications Market By Channel (Direct vs Direct)
  • 2020 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.

Worldwide Enterprise Applications Market Forecast 2019-2024, By Vertical Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2019-2024, By Vertical Market, $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 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.

CustomerIndustryEmpl.RevenueCountryVendorNew ProductFunction
ExelonOil and Gas30000$33.53BUnited StatesOracleOracle Autonomous Data WarehouseAutonomous Database
Universal Pegasus InternationalOil and Gas1500$1.75BUnited StatesMicrosoftMicrosoft Dynamics 365 for Finance and OperationsEnterprise Resource Planning
Southwestern EnergyOil and Gas2597$3.13BUnited StatesOracleOracle HCM CloudHuman Capital Management
EnergizerOil and Gas5100$1.61BUnited StatesADPADP GlobalView HCMHuman Capital Management
DanieliOil and Gas10000$3.00BItalyAmber RoadAmber Road’s Export On-DemandGlobal Trade Management & Export Management Software
SiemensOil and Gas348000$75.60BGermanyAmber RoadAmber Road’s China Trade ManagementGlobal Trade Management & Export Management Software
NuScale PowerOil and Gas600$38.0MUnited StatesAnsysANSYS Enterprise CloudProduct Lifecycle Management & Engineering
LG&E and KUOil and Gas3200$3.00BUnited StatesCitrixCitrix ShareFileEnterprise File Sync and Sharing
Forum Energy TechnologiesOil and Gas2500$885.0MUnited StatesDassault SystemesDassault Enovia PLMProduct Lifecycle Management
SiemensOil and Gas348000$75.60BGermanyFive9Five9 CloudCustomer Service and Support
Hilcorp Energy CompanyOil and Gas1350$500.0MUnited StatesHost AnalyticsHost Analytics Cloud EPM SuiteEnterprise Performance Management
ElectroRouteOil and Gas35$10.0MIrelandIBMIBM Cognos Business IntelligenceBusiness Intelligence
EngieOil and Gas152900$83.35BFranceIBMIBM Omni-channel marketing (ex Unica)Omni-channel Marketing
Preem.seOil and Gas1200$2.00BSwedenInforInfor M3Enterprise Resource Planning
Superior Plus Energy ServicesOil and Gas1100$570.0MUnited StatesION Investment GroupOpenLink FindurTreasury and Risk Management Solution
Abunayyan HoldingOil and Gas4500$800.0MSaudi ArabiaMicrosoftLinkedIn Talent SolutionsTalent Management
Diesel Direct, IncOil and Gas300$100.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
ExproOil and Gas4500$1.40BUnited KingdomMicrosoftMicrosoft Office 365Content Management
Gerard Daniel WorldwideOil and Gas320$70.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
National Oilwell VarcoOil and Gas31321$7.30BUnited StatesMicrosoftMicrosoft Dynamics 365 for Finance and OperationsEnterprise Resource Planning
Osterman Propane LLCOil and Gas250$70.0MUnited StatesMicrosoftMicrosoft Dynamics GPEnterprise Resource Planning
CenterPoint EnergyOil and Gas7505$7.39BUnited StatesOracleOracle HCM CloudHuman Capital Management
CLK Enerji Yatırım A.Ş.Oil and Gas200$80.0MTurkeyOracleOracle Utilities Customer Care and BillingCustomer Relationship Management
EngieOil and Gas152900$83.35BFranceOracleOracle HCM CloudHuman Capital Management
SamuelOil and Gas5300$3.67BCanadaOracleOracle HCM CloudHuman Capital Management
Apollo OilOil and Gas150$30.0MUnited StatesSageSage X3Enterprise Resource Planning
VeoliaOil and Gas179000$24.96BFranceSageSage CRMCustomer Relationship Management
Baker HughesOil and Gas58800$22.36BUnited StatesSalesforceService CloudCustomer Service and Support
ChevronOil and Gas64700$129.92BUnited StatesSalesforceService CloudCustomer Service and Support
EngieOil and Gas152900$83.35BFranceSalesforceSalesforce CRMCustomer Relationship Management
WärtsiläOil and Gas18000$5.50BFinlandSalesforceService CloudCustomer Service and Support
ConchoOil and Gas2100$1.80BUnited StatesSAPSAP Business Planning and ConsolidationEnterprise Performance Management
FMC CorporationOil and Gas7000$4.50BUnited StatesSAPSAP AribaSource-to-Pay Procurement and Supply Chain Cloud
FMC CorporationOil and Gas7000$4.50BUnited StatesSAPSAP S/4 HANAEnterprise Resource Planning
LampirisOil and Gas500$1.75BBelgiumSAPSAP Cloud for CustomerCustomer Relationship Management
Sunoco LpOil and Gas11000$3.20BUnited StatesSciQuestSciquest Source-to-Settle SuiteProcurement
TrafiguraOil and Gas5326$127.60BNetherlandsThunderheadThunderhead ONE Engagement HubCustomer Engagement Platform
Sabine OilOil and Gas223$464.0MUnited StatesTIBCO SoftwareTIBCO SpotfireData Visualization & Analytics Software
VeoliaOil and Gas179000$24.96BFranceTidemarkTidemark EPMEnterprise Performance Management
SP Energy NetworksOil and Gas9200$6.59BUnited KingdomVerint SystemsVerint Engagement ManagementEngagement Management
RepsolOil and Gas24000$50.00BSpainWolters KluwerCCH TagetikEnterprise Performance Management
Hawaiian Electric IndustriesOil and Gas3900$2.52BUnited StatesWorkivaWdeskEnterprise Performance Management
Pioneer Energy ServicesOil and Gas1300$541.0MUnited StatesWorkivaWdeskEnterprise Performance Management

Source: Apps Run The World, December 2021

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 2015-2020 product revenues.

Their 2020 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.