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Growth Prospects for Operator Training Simulation Solutions Market in the Oil & Gas Industry

  • ID: 3715873
  • Report
  • May 2016
  • Region: Global
  • 38 Pages
  • Frost & Sullivan
Embracing 3D, Cloud, and Mobility Technologies in OTS Triggers New Market Opportunities
Oil rig explosion in the deepwater horizon of the Gulf of Mexico in 2010 caused extensive damage to people, assets, and environment. To safeguard against such hazards, simulation training is quickly becoming an important tool in workforce development. Major international oil companies are investing in 3D simulators to develop core competencies and to rapidly improve technical communication across the team. This research service on operator training simulation (OTS) solutions provides the growth of OTS market by region, application type, and offering type and suggests critical success factors for automation companies to grab emerging opportunities.

Executive Summary

- Increase in the need for productivity gains, aging workforce, stringent OHS regulations, and large volumes of data generated from sites call for improved operator training simulation (OTS) solutions in the oil and gas industry.

- The overall OTS solutions market is expected to grow at X% annually over the next seven years until 2022, driven by an aging workforce, the emerging digital generation worker,emerging market workers, safety, and risk avoidance needs in the oil and gas industry.

- The key customer need from OTS is for integrating their several legacy process models and equipment types on a single training platform.

- Integration of OTS and immersive training solutions (ITS) to provide a real-time experience that enhances the collaboration between console and field operators under various scenarios is expected to gain traction beyond 2020.

- Many OTS and ITS solution providers are still operating in an isolated manner and only a few leverage cloud and mobility technologies to address the unique learning needs of a younger generation of workers.

- It is likely that major offshore platforms, LNG facilities, subsea facilities, and refineries will have 3D models as a “must-have” for training and process improvement requirements in the future.

- For remote OTS, generic solutions are the best way forward and can be made scalable.
Note: Product cover images may vary from those shown
1.Executive Summary
  • Definitions and Segmentation
  • Definitions and Segmentation
2.Key Drivers and Restraints
  • Key Market Drivers
  • Drivers Explained
  • Key Market Restraints
  • Restraints Explained
3.Industry Needs
  • Key Industry Needs for OTS in the Oil and Gas Industry
4.Market Prospects
  • Revenue Forecast
  • Market Segmentation by Offering Type
  • Market Segmentation by Simulation Need Application
  • Market Segmentation by Visualization Level Application
  • Market Segmentation by Key Region
5.Competitive Perspectives
  • Market Participants for OTS in the Oil and Gas Industry
6.Critical Success Factors
  • Critical Success Factors for OTS Market Participants in the Oil and Gas Industry
7.The Last Word
  • Legal Disclaimer
Note: Product cover images may vary from those shown