The global digital oilfield services market is expected to grow at a CAGR of more than 4% over the period of 2020-2025.
The increasing need for gas wells, and mature oil, and innovations in technology are the key factor driving the growth of the market. In addition, the adaption of digital oilfield services in different industries is another factor propelling market growth. Oil price is fluctuating and unstable. Demand for oil is rising along with the increasing cost of E&P activities. Digital Oilfield helps to reduce operational costs and achieving high production efficiencies. Advancement in technologies such as seismic imaging, IoT, AI, and ML contributing in market expansion and adoption of digital oilfield. Therefore it is expected that focus of operators will shift toward the digital oilfield systems.
A full report of Digital Oilfield Market is available at: https://www.orionmarketreports.com/digital-oilfield-market/10564/#ert_pane1-0
Market Segmentation
By Process
• Production Optimization
• Reservoir Optimization
• Drilling Optimization
• Others
By Service
• Instrumentation & Automation
• Security Systems
• Smart Wells
• Wireless Systems
• Distributed Control Systems
• SCADA
• Information Technology
• Software
• Computer Equipment & Application Hardware
• IT Outsourcing Services
• Others
By Application
• Onshore
• Offshore
By Technology
• IoT
• Advance Analytics
• Robotics
• Cloud Computing
• Mobility
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Digital Oilfield Market Report
• What was the Digital Oilfield Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Digital Oilfield Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Digital Oilfield Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
