Connected Oilfield Market Report 2026

The connected oilfield market size has grown strongly in recent years. It will grow from $28.07 billion in 2025 to $29.54 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to need for production optimization, offshore field complexity, availability of digital communication networks, cost reduction initiatives, oilfield automation adoption.

The connected oilfield market size is expected to see strong growth in the next few years. It will grow to $36.06 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to smart oilfield investments, demand for real time decision making, aging oilfield infrastructure, increasing safety regulations, advancements in data analytics. Major trends in the forecast period include increased deployment of real time monitoring systems, growing use of predictive analytics, integration of cloud based oilfield platforms, expansion of remote and automated operations, rising focus on operational safety.

The increasing oil and gas exploration activities are expected to drive the growth of the connected oilfield market in the coming years. Oil and gas exploration activities involve the systematic process of identifying and assessing underground oil and natural gas reserves. These exploration efforts are essential for the connected oilfield market, as they generate the critical data needed to maximize oil recovery and improve operational efficiency. Enhanced exploration supports higher recovery rates from reservoirs through advanced data analytics, software, and digital technologies. For example, in December 2025, the U.S. Energy Information Administration (EIA) reported that U.S. oil and natural gas production both rose in 2024, with oil output averaging 13.4 million barrels per day and natural gas production averaging 128.8 billion cubic feet per day. Therefore, the surge in oil and gas exploration activities is fueling growth in the connected oilfield market.

Major companies operating in the connected oilfield market are concentrating on technological advancements such as agentic AI-powered digital workflow assistants to boost operational efficiency, enhance decision-making, and automate complex upstream activities. An agentic AI-powered digital workflow assistant leverages artificial intelligence, machine learning, and domain-specific data platforms to autonomously observe, plan, generate, act, and learn, functioning like an intelligent coordinator that enables dynamic workflow adaptation, conversational data interpretation, and independent execution of optimized actions. For example, in November 2025, SLB, a U.S.-based global energy technology company, introduced Tela, an agentic AI assistant developed for connected oilfield operations. This solution automates tasks including well log interpretation, drilling issue prediction, and equipment performance optimization, while supporting human decision-making and embedding AI directly into drilling, reservoir, and production workflows.

In April 2024, CNX Resources Corporation, a U.S.-based natural gas and energy technology company, partnered with Deep Well Services to launch AutoSep Technologies with the goal of developing and commercializing advanced automated flowback solutions for the oil and gas industry. Through this partnership, CNX Resources sought to integrate its proprietary technologies with Deep Well Services’ operational expertise to accelerate innovation in flowback operations, while improving efficiency, safety, and environmental performance across both domestic and international markets. Deep Well Services is a U.S.-based oilfield service and technology company specializing in high-pressure, long-lateral, and multi-well completion and intervention operations, offering advanced completion services and training to upstream energy operators.

Major companies operating in the connected oilfield market are China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, Chevron Corporation, BP plc, GAZPROM PAO, Equinor ASA, Ente Nazionale Idrocarburi Società per Azioni., ConocoPhillips, Repsol SA, Occidental Petroleum Corporation, PJSC Lukoil, Schlumberger Limited, Pioneer Natural Resources, Baker Hughes Company, Kinder Morgan Inc., Devon Energy, Woodside Petroleum, Enbridge Inc., Hess Corporation, TC Energy Corporation, Apache Corporation, Rosneft Oil Company, Marathon Oil Corporation.

North America was the largest region in the connected oilfield market in 2025. The regions covered in the connected oilfield market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the connected oilfield market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The connected oilfields market consists of revenues earned by entities by providing services such as real-time monitoring, predictive maintenance, remote operations, data analytics, asset optimization, environmental monitoring, and safety management. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected oilfields market also includes sales of communication devices, remote monitoring systems, predictive maintenance tools, environmental monitoring equipment, safety management solutions, and integrated control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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