IT Spending in Oil and Gas Market Accelerates as Digital Transformation Reshapes Energy Operations
According to a research report published by Spherical Insights, the global IT spending in oil and gas market size was worth around USD 17.01 billion in 2025 and is predicted to grow to around USD 29.60 billion by 2035 with a compound annual growth rate (CAGR) of 5.7% from 2026 to 2035. The global IT spending in oil and gas market is driven by digital transformation, rising adoption of cloud computing, IoT, AI, and analytics, increasing demand for operational efficiency, predictive maintenance, real-time monitoring, and cost optimization across upstream, midstream, and downstream operations.