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The digital oilfield market is forecasted to grow by USD 12.75 billion during 2024-2029, accelerating at a CAGR of 6.6% during the forecast period. The report on the digital oilfield market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhancing efficiency of oilfields through remote monitoring and controlling, shifting upstream exploration and production operations to remote areas, and rising demand for energy in oil and gas sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The digital oilfield market is segmented as below:
By Solution
- Hardware
- Software
- Service
By Application
- Onshore
- Offshore
By Service
- Drilling optimization
- Production optimization
- Safety management
- Reservoir optimization
By Geographical Landscape
- North America
- Middle East and Africa
- Europe
- APAC
- South America
The report on the digital oilfield market covers the following areas:
- Digital Oilfield Market sizing
- Digital Oilfield Market forecast
- Digital Oilfield Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Solution
9 Market Segmentation by Application
10 Market Segmentation by Service
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global digital oilfield market: ABB Ltd., Aviat Networks Inc., Cisco Systems Inc., Cognizant Technology Solutions Corp., Detechtion Technologies, Emerson Electric Co., GE Vernova Inc., Halliburton Co., Hitachi Ltd., Honeywell International Inc., Infosys Ltd., Kongsberg Gruppen ASA, MicroSeismic Inc., Moxa Inc., Pason Systems Inc., Petrolink International Ltd., Schlumberger Ltd., Sensia LLC, Siemens AG, and Weatherford International Plc.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of iot and sensor technology for real-time tracking of operations."
According to the report, one of the major drivers for this market is the enhancing efficiency of oilfields through remote monitoring and controlling.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Aviat Networks Inc.
- Cisco Systems Inc.
- Cognizant Technology Solutions Corp.
- Detechtion Technologies
- Emerson Electric Co.
- GE Vernova Inc.
- Halliburton Co.
- Hitachi Ltd.
- Honeywell International Inc.
- Infosys Ltd.
- Kongsberg Gruppen ASA
- MicroSeismic Inc.
- Moxa Inc.
- Pason Systems Inc.
- Petrolink International Ltd.
- Schlumberger Ltd.
- Sensia LLC
- Siemens AG
- Weatherford International Plc
