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Exploration and Production (E&P) Software - Global Market Trajectory & Analytics

  • ID: 5141191
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • eDrilling AS
  • Exprodat Consulting Ltd.
  • Halliburton
  • Kongsberg Gruppen ASA
  • Pason Systems Corp.
  • Petrolink Services Inc.
  • MORE

Global Exploration and Production (E&P) Software Market to Reach $11.4 Billion by 2027


Amid the COVID-19 crisis, the global market for Exploration and Production (E&P) Software estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$11.4 Billion by 2027, growing at a CAGR of 14.5% over the analysis period 2020-2027. COVID-19 On-Premise, one of the segments analyzed in the report, is projected to grow at a CAGR of 12% over the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 18.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 19.2% CAGR




Exploration and Production (E&P) Software market in the U.S. is estimated at US$1.1 Billion in the year 2020. China is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 19.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Canada and Europe, each forecast to grow at 13.5% and 12.9% respectively over the 2020-2027 period.

Select Competitors (Total 97 Featured) -

  • Baker Hughes, a GE company
  • Computer Modelling Group Ltd.
  • eDrilling AS
  • Emerson Paradigm Holding LLC
  • E-Tech International
  • ETL Solutions Ltd.
  • Exprodat Consulting Ltd.
  • G.E.Plan Consulting Srl
  • GE Oil & Gas
  • Halliburton
  • Ihs Markit Ltd.
  • Ikon Science Ltd.
  • Interactive Network Technologies, Inc.
  • Ion Geophysical Corporation
  • Kongsberg Gruppen ASA
  • OVS Group LLC
  • P2 Energy Solutions
  • Pason Systems Corp.
  • Peloton Interactive, Inc.
  • Petroleum Experts Ltd.
  • Petrolink Services Inc.
  • RockFlow Dynamics
  • Schlumberger Ltd.
  • TDE Group Limited
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • eDrilling AS
  • Exprodat Consulting Ltd.
  • Halliburton
  • Kongsberg Gruppen ASA
  • Pason Systems Corp.
  • Petrolink Services Inc.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
  • EXHIBIT 2: Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021E
  • Impact of COVID-19 Pandemic on Oil and Gas Producers in Developing Countries
  • Oil and Gas Exploration and Production (E&P): A Prelude
  • An Introduction to Exploration & Production (E&P) Software
  • Global Market Prospects & Outlook
  • Developing Regions Present Growth Opportunities for E&P Software Market
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Ongoing Digitization Efforts of Oil and Gas E&P Players to Boost Market Prospects
  • EXHIBIT 3: Technology Use in Oil and Gas Industry: % of Companies Using Technology in Operations
  • Digital Technologies Set to Change Face of Oil & Gas Industry with Compelling Benefits
  • Application of AI in the E&P Industry to Expand, Driving Opportunities for E&P Software
  • Rising Importance of Big Data in Finding Value from Geophysical and Geological Data for Oil & Gas Companies
  • IoT Technology Expansion Presents Significant Opportunities for E&P Software Market
  • Global Oil Demand and E&P Efforts Influence Growth Outlook in E&P Software Market
  • EXHIBIT 4: Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
  • EXHIBIT 5: World Average Rig Count by Region (2016-2020)
  • Rapidly Depleting Oil & Gas Resources & Subsequent Need to Find New Resources Drive Need for Effective E&P Software
  • EXHIBIT 6: Global Energy Mix: 1990 Vs 2020 Vs 2030
  • Market to Benefit from the Trend towards Exploration of Unconventional Resources & Deep Drilling Projects
  • EXHIBIT 7: Global Oil Production: Percentage Breakdown of Production by Onshore, Offshore, and Offshore Deep Water Activity for 2010 & 2019
  • E&P Software Suitably Placed to Boost Returns & Help Offshore Operators Overcome Investment Hiccup
  • Emerging Issues Prompt E&P Operators to Bet High on Well Integrity Management
  • Simulation Software Solutions Find Increased Demand in E&P Industry
  • Production Software Helps Oil and Gas Companies to Optimize Extraction Activities
  • Cloud-based E&P Software Continues to Gain Prominence in E&P Software Market
  • Advancements in Digital Technologies & Innovations to Drive Market Opportunities
  • Technology Assists Oil and Gas Industry in Becoming Greener
  • Volatile Oil Prices: A Major Challenge
  • EXHIBIT 8: Global Brent Crude Oil Price Trends in US$/barrel: Jun 2020-Apr 2021
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Oil & Gas Infrastructure Investments Impacted by COVID-19 Outbreak, Affecting Market Growth
  • EXHIBIT 9: Global Upstream Capex Change (%) in the US Oil & Gas Industry for FY 2020
  • EXHIBIT 10: Oil and Gas Production (in Million Barrels of Oil Equivalent (Boe) per Day) by Type in the US for 2000-2040
  • Market Analytics
CANADA

CHINA

EUROPE

UNITED KINGDOM

RUSSIA

NORWAY

REST OF EUROPE

ASIA-PACIFIC

INDIA
  • E&P Industry in India Undergoes Digital Transformation
  • Market Analytics
INDONESIA

MALAYSIA

REST OF ASIA-PACIFIC

LATIN AMERICA

BRAZIL

COLOMBIA

MEXICO

VENEZUELA

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 97

Note: Product cover images may vary from those shown
  • Baker Hughes, a GE company
  • Computer Modelling Group Ltd.
  • eDrilling AS
  • Emerson Paradigm Holding LLC
  • E-Tech International
  • ETL Solutions Ltd.
  • Exprodat Consulting Ltd.
  • G.E.Plan Consulting Srl
  • GE Oil & Gas
  • Halliburton
  • Ihs Markit Ltd.
  • Ikon Science Ltd.
  • Interactive Network Technologies, Inc.
  • Ion Geophysical Corporation
  • Kongsberg Gruppen ASA
  • OVS Group LLC
  • P2 Energy Solutions
  • Pason Systems Corp.
  • Peloton Interactive, Inc.
  • Petroleum Experts Ltd.
  • Petrolink Services Inc.
  • RockFlow Dynamics
  • Schlumberger Ltd.
  • TDE Group Limited
Note: Product cover images may vary from those shown
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