(MENAFN- America News Hour) Market Study Report Has Added A New Report On Digital Oilfield Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Digital Oilfield Market In Tandem With Its Competitive Terrain.
Executive Summary
The Global Digital Oilfield Market was valued at USD
23,235.15 Million in the year 2018.
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Growing Exploration & Production (E & P) activities across the globe, exploration of shale resources as well as CAPEX improvement in upstream sector, technological advancements coupled with the rising demand for reduction in production costs as well as growing safety concerns are the major factors impelling the market growth. Further, environmental benefits include reduction in CO2 emission and avoiding oil spills which has been propelling the digital oilfield market.
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.
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.
Scope of the Report
Global Digital Oilfield Market (Actual Period: 2014-2018,
Forecast Period: 2019-2024)
Digital Oilfield Market – Size, Growth, Forecast
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 Digital Oilfield Market - Americas, Europe, APAC,
MEA (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Digital Oilfield Market – Size, Growth, Forecast
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
Country Analysis – U.S., Canada, Mexico, Russia, Norway,
United Kingdom, India, China, Saudi Arabia, Iran (Actual Period: 2014-2018,
Forecast Period: 2019-2024)
Digital Oilfield Market – Size, Growth, Forecast
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
Other Report Highlights
Competitive Landscape
Leading Companies
Market Dynamics – Drivers and Restraints.
Market Trends
Porter Five Forces Analysis.
SWOT Analysis.
Company Analysis – Kongsberg Gruppen, Schlumberger,
Halliburton, Weir Group, National Oilwell Varco, Siemens, Sinopec Corporation,
Baker Hughes Inc., Honeywell International, Weatherford International.
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TABLE OF CONTENTS:
1. Report scope & Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
2.1 Ongoing Collaborations including joint ventures, mergers
and acquisitions to expand the business
2.2 Contribution in Research and Development activities to
expand the implementation of digitalization in oilfields.
3. Global Oil & Gas Industry Outlook
4. Global Digital Oilfield Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2014-2024
5. Global Digital Oilfield Market Segmentation By Technology
(By Value)
5.1 Competitive
Scenario of Global Digital Oilfield: By Technology
5.2 Hardware – Market Size and Forecast (2019-2024)
5.3 Software & Services - Market Size and Forecast
(2019-2024)
5.4 Data Storage Solutions - Market Size and Forecast
(2019-2024)
6. Global Digital Oilfield Market Segmentation By
End-Process (By Value)
6.1 Competitive Scenario of Global Digital Oilfield: By End Process
6.2 Reservoir Optimization – Market Size and Forecast
(2019-2024)
6.3 Production Optimization - Market Size and Forecast
(2019-2024)
6.4 Drilling Optimization – Market Size and Forecast
(2019-2024)
6.5 Others – Market Size and Forecast (2019-2024)
7. Global Digital Oilfield Market Segmentation By
Application (By Value)
7.1 Competitive Scenario of Global Digital Oilfield: By
Application
7.2 Offshore Application – Market Size and Forecast
(2019-2024)
7.3 Onshore Application - Market Size and Forecast
(2019-2024)
Questions?
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decision on this premium report titled Global Digital Oilfield Market -
Analysis By Technology, End-Process, Application, By Region, By Country (2019
Edition): Opportunities and Forecast (2019-2024) - By Technology (Hardware,
Software and Services, Data Storage Solutions), By End Process (Reservoir,
Production and Drilling Optimization)
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