Abstract
This IDC study makes a systematic analysis on the development of the oil
industry in 2007. First, it analyzes the development of the oil industry and
introduces the change in macropolicies of the industry, the change in the
market size and structure of the industry, the industry sales and profit
analysis, as well as current challenges and opportunities of the industry.
Second, it analyzes the oil IT market and the applications and solutions
situation in 2007, including market size, IT maturity change, application
hotspots, customer demand, and the relationship between the industrial
situation and IT investment, among others. It also provides the detailed
analysis on the providers of oil industry solutions, including market
concentration analysis, the solution provider market position analysis, and the
introduction about major solution providers in 2007, and so forth. The study
then gives the future market outlook for the oil industry, including the
industrial development trend outlook and forecast, IT market forecast for the
next five years, and the various solution market trends and forecast for next
five years. Lastly, the study puts forward conclusions and suggestions.
"The total IT investment of the oil industry reached to RMB 7.02 billion
(US$920.7 million) in 2007. IDC forecasts that by 2012, the IT investment of
the oil industry will amount to RMB 13.47 billion (US$1.8 billion), with a
2007-2012 CAGR of 13.9%. The market size of industry solutions in 2007 reached
RMB 2.38 billion (US$311.8 million), and IDC forecasts that by 2012 the market
size will amount to RMB 5.16 billion (US$676.6 million) with a 2007-2012 CAGR
of 16.8%, which is higher than that of the overall oil IT construction over the
same period," says Freda Tong, senior research analyst, Vertical Industry
Research and Consulting, IDC China.
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