Global Digital Oilfield Market Report 2020 is a comprehensive, professional report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market. The report provides with CAGR value changeability during the forecast period for the market. The report covered key aspects like the existing market conditions, the pace of growth and CAGR in the forecast period.
The Global Digital Oilfield Market was valued at USD 23,235.15 Million in the year 2018.
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Top Leading Companies are: Kongsberg Gruppen, Schlumberger, Halliburton, Weir Group, National Oilwell Varco, Siemens, Sinopec Corporation, Baker Hughes Inc., Honeywell International, Weatherford International.
Analysis by Technology: Hardware, Software & Services, Data Storage Solutions
Analysis by End-Process: Reservoir Optimization, Production Optimization, Drilling Optimization, Others
Analysis by Application: Offshore, Onshore
Regional and Country-level Analysis Market:
The report offers an exhaustive geographical analysis of the global Digital Oilfield market, covering important regions, viz, Americas, Europe, APAC, MEA. It also covers key countries (regions), viz, U.S., Canada, Mexico, Russia, Norway, United Kingdom, India, China, Saudi Arabia, Iran, etc.
Among the regions, Americas currently leads the Digital Oilfield market owing to considerable investments planned in offshore deep water and ultra-deep water drilling activities and growing number of oil and gas wells. Moreover, countries like China, Russia, Saudi Arabia, Iran are expected to grow faster owing to increased investment in the upstream sector.
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Global Digital Oilfield market has gained importance as increasing consumption requirement influences the exploration of offshore oilfields using digital technologies like Big Data, IIoT (Industrial Internet of Things), SCADA system, sensors, real-time data analysis, robots and drones. These markets are influenced by many factors including fluctuating crude oil and natural gas prices, changing consumer preferences, growing concern to reduce greenhouse emission and the overall strength of the economy.
Based on the End Process, the Production Optimization is estimated to account for the largest share over the forecast period. It includes measuring, modelling, analyzing and prioritizing functions to implement in a well or reservoir to improve its productivity.
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Digital Oilfield Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Research uses a bottom-up approach to assess the overall size of the market. Data from different industries and end-user industries and their applications across different product types are recorded and forecast during the forecast period. These segments and sub-segments are documented by industry experts and experts, as well as company representatives, and by analyzing data from these segments and sub-segments over the last few years, Externally verified to gain market size.
Customization of the Report
The report can be further customized according to the clients specific research requirements. No additional charges will be added for limited additional research.
We also offer customization on reports based on specific client requirement:
1-Free country level analysis for any 5 countries of your choice
2- Free Competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.