OCEAN VIEW, Delaware, November 22, 2016 /PRNewswire/ -- Oil And Gas Analytics Market size is expected to exceed USD 21 billion by 2024; as per the latest research report by Global Market Insights, Inc. (Logo: http://photos.prnewswire.com/prnh/20160418/799556-a ) Low crude oil prices coupled with high cost investment in exploration and production of conventional and unconventional resources will drive the industry growth. U.S. based Cobalt has explored natural gas in the Zalophus 1 well at Block 20 offshore Angola. Such exploration activities will need advanced service platform including hardware and software support. Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/685 Increasing downstream demand owing to rapid refinery expansion to fulfil petroleum demand will drive global oil and gas analytics market size. These services will help to reduce the downtime and maintenance cost for refining industries. Increasing exploration and production to suffice growing demand for energy will enhance the oil and gas analytics in future. Increasing investments in digital technology by petroleum industry has increased the workforce productivity and reduced cost, which will further encourage the oil and gas analytics market size. Upstream oil and gas analytics market share is expected to witness highest growth, with increasing offshore drilling further complimenting revenue generation. It helps to obtain real time data at minimum cost which may favor the industry growth in coming years. TIBCO Software Inc., executed digital technology to optimize E&P cost. Increasing rivalry involving refinery & volatile feedstock has forced downstream players to utilize oil and gas analytics services, which will improve processing and refining efficiency.