Implications of Mergers in the Oil Patch

Implications of Mergers in the Oil Patch

  • August 2019 •
  • 3 pages •
  • Report ID: 5804037 •
  • Format: PDF
This IDC Market Perspective discusses the implications of mergers in the oil patch. Consolidation in oil and gas will concern vendors that a shrinking total addressable market could limit future opportunities to grow revenue. However, larger oil and gas entities have been more prone to leverage technologies to automate and innovate within their businesses, and many of these consolidations are fueled by cost-saving synergies that can be created in the combined entities."It is critical for vendors to understand the motivation and actions of oil and gas consolidation and shape a proper message to their clients with that in mind," says Andrew Meyers, research director, IDC's Worldwide Oil and Gas program.
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