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Digital Oilfield Market Share Worldwide Industry Growth, Opportunities & Forecasts up to 2025

Author : Rahul Sankrityayan | Published Date : 2019-11-05 

Global Digital Oilfield Market Report offered by Global Market Insights gives a market overview of the Digital Oilfield Market which covers product scope, market revenue, opportunities, Gross Margin, sales Revenue and figures, the report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2025.

Growing need for economic recovery of hydrocarbon resources along with increasing number of mature fields will propel the digital oilfield market growth. Romania and Russia are set to witness increasing deployments owing to a large number of mature oilfields across the region. Various enhanced oil recovery methods are being actively used to boost the declining production. Innovative solutions including well testing facilities and reservoir management will allow the operators to save cost on performing expensive recovery methods.

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Economic dependency on oil and gas trade and production coupled with prevailing need for transformation of business operations will propel the Middle East digital oilfield market. Kuwait and Saudi Arabia is set to drive the industry growth on account of massive investment toward digitalization. In order to boost their oil recovery and maximize return the companies are using new technologies. Some of the key investors present across the region include Saudi Aramco, Abu Dhabi National Oil Company and Kuwait Oil Company. For instance, in 2019, the Kuwait Oil Company launched the phase two of the KwIF project integrating the operations with real time surveillance, modelling and field assets.

Growing need for strategically planned drilling processes along with need for high capital investments will put thrust to digital oilfield market by drilling operations. Well complexity, low oil prices and increased competition are some of the key factors leading to the adoption of new drilling technologies. It further minimizes the nonproductive time, drilling risk, enhances the work safety along with full time project support will encourage its adoption.

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Ongoing industry collaborations along with rapid decline in technology cost will foster the digital oilfield market by information technology. The companies are focusing on enhancing their services and IT infrastructure along with rapid integration of business strategies and technologies will open new growth prospects. For instance, some of the major industry collaborations include the digital partnership of Exxon Mobil and Microsoft, Shell and Microsoft and Weatherford and Intel and others.

Key industry players operating across digital oilfield market include ABB, Halliburton, Weatherford, Schlumberger, Rockwell, Intel, General Electric, Siemens, National Oil Varco, Accenture, Schneider, Kuwait Oil Company and Infosys.

Partial Table of Contents (ToC) of the report: https://www.gminsights.com/toc/detail/digital-oilfield-market

Chapter 4 Digital Oilfield Market, By Process

4.1 Digital oilfield market share by process, 2018 & 2025

4.2 Production Optimization

4.2.1 Global market from production optimization, 2014 – 2025

4.3 Reservoir Optimization

4.3.1 Global market from reservoir optimization, 2014 – 2025

4.4 Drilling Optimization

4.4.1 Global market from drilling optimization, 2014 – 2025

4.5 Others

4.5.1 Global market from others, 2014 – 2025

Chapter 5 Digital Oilfield Market, By Service

5.1 Digital oilfield market share by service, 2018 & 2025

5.2 Instrumentation & Automation

5.2.1 Global market from instrumentation & automation, 2014 – 2025

5.2.2 Global market from instrumentation & automation by region, 2014 – 2025

5.2.3 Security Systems

5.2.3.1 Global market from instrumentation & automation by security systems, 2014 – 2025

5.2.3.2 Global market from instrumentation & automation by security systems by region, 2014 – 2025

5.2.4 Smart Wells

5.2.4.1 Global market from instrumentation & automation by smart wells, 2014 – 2025

5.2.4.2 Global market from instrumentation & automation by smart wells by region, 2014 – 2025

5.2.5 Wireless Systems

5.2.5.1 Global market from instrumentation & automation by wireless systems, 2014 – 2025

5.2.5.2 Global market from instrumentation & automation by wireless systems by region, 2014 – 2025

5.2.6 Distributed Control Systems

5.2.6.1 Global market from instrumentation & automation by distributed control systems, 2014 – 2025

5.2.6.2 Global market from instrumentation & automation by distributed control systems by region, 2014 – 2025

5.2.7 SCADA

5.2.7.1 Global market from instrumentation & automation by SCADA, 2014 – 2025

5.2.7.2 Global market from instrumentation & automation by SCADA by region, 2014 – 2025

5.3 Information technology

5.3.1 Global market from information technology, 2014 – 2025

5.3.2 Global market from information technology by region, 2014 – 2025

5.3.3 Software

5.3.3.1 Global market from information technology by software, 2014 – 2025

5.3.3.2 Global market from information technology by software by region, 2014 – 2025

5.3.4 Computer equipment & application hardware

5.3.4.1 Global market from information technology by computer equipment & application hardware, 2014 – 2025

5.3.4.2 Global market from information technology by computer equipment & application hardware by region, 2014 – 2025

5.3.5 IT outsourcing services

5.3.5.1 Global market from information technology by IT outsourcing services, 2014 – 2025

5.3.5.2 Global market from information technology by IT outsourcing services by region, 2014 – 2025

5.3.6 Others

5.3.6.1 Global market from information technology by others, 2014 – 2025

5.3.6.2 Global market from information technology by others by region, 2014 – 2025

Related Report:

Marine Engines Market

https://www.marketwatch.com/press-release/marine-engines-market-share-to-expand-at-46-cagr-up-to-2024-497-pages-report-2019-11-05

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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