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Top 10 ICT companies servicing the O&G industryby Indrajit Sen on Apr 7, 2016
Arabianoilandgas.com presents a list of the top 10 Information Technology (IT) companies, in terms of revenue, servicing the regional oil and gas industry. The list has been prepared with inputs from the International Data Corporation (IDC)
Commenting on the this website’s online special report ranking IT companies catering to the Middle East’s oil and gas companies, Jebin George, senior research analyst - Verticals, IDC MEA & Turkey said, “The oil and gas companies in GCC are expected to spend $1.66bn on IT in 2016. Close to 43% of this spending is expected to go towards IT services.”
“The sector is going through turbulent times, with low oil prices impacting revenues. This is subsequently having an effect on IT budgets. However, the business focus on reducing costs to address pressure on revenues could translate into new IT initiatives aimed at increasing operational efficiency,” George said.
“Security remains the most important area of focus for energy-sector CIOs in the region. The level of automation in the industry is increasing, while the threat landscape is becoming increasingly complex, resulting in CIOs increasing their focus on IT security,” he further said.
Let’s get on with the rankings now…