Press release
Digital Oilfield Market 2018-2025 Outlook by Top Key Players - Schlumberger Limited, The Halliburton Company, Baker Hughes, Weatherford International Plc, Sinopec Oilfield Service Corporation, Rockwell Automation, Inc., Honeywell International Inc., Accen
Digital Oilfield Market
Global Digital oilfield Market was valued at USD 21.27 Billion in 2017 and is projected to reach USD 31.12 Billion by 2025, growing at a CAGR of 4.9% from 2018 to 2025.
Digital Oilfield is defined as a section of the energy industry that includes advanced software and data analysis techniques to its operations in order to provide better outputs and enhance the profitability of the production process. The main focus of Digitization of an oilfield is on IT for enhancing the business drivers that comprises of improving safety, optimizing production rate of hydrocarbons, environmental protection, finding reserves and exploiting them to the fullest. Digital oilfield offers numerous advantages such as enhanced decision making, increased return on investment, maximum oilfield recovery, optimum usage of time and Net present value improvement.
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Emphasis on process optimization through digitalization by Oil & Gas Operators, growing need from Oil & Gas operators and availability of cloud computing services in the Oil & Gas industry have been driving the global digital oilfield market. On the other hand, factors such as fluctuations in crude oil price and cyber-threats along with resistance toward new technologies might hinder the overall growth at a global level.
The “Global Digital Oilfield Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Schlumberger Limited, The Halliburton Company, Baker Hughes, Weatherford International Plc, Sinopec Oilfield Service Corporation, Rockwell Automation, Inc., Honeywell International Inc., Accenture PLC, Siemens AG, and International Business Machines (IBM) Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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Also, key Digital Oilfield market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Table Of Content
1 Introduction Of The Global Digital Oilfield
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Digital Oilfield Outlook
5 The Global Digital Oilfield, By Systems
6 The Global Digital Oilfield, By Service
7 The Global Digital Oilfield, By Verticals
8 The Global Digital Oilfield, By Applications
9 The Global Digital Oilfield, By Geography
10 The Global Digital Oilfield Competitive Landscape
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Digital Oilfield market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Digital Oilfield market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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About Us:
Our market intelligence encompasses latest trends & strategies and is highly inclined towards identifying business opportunities for clients, helping them strengthen their positions in their respective verticals.
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