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Digital Oil-Field Market Future Trends 2019: Schlumberger, Weatherford, Baker Hughes, a GE company, Halliburton, National Oilwell Varco, ABB, Emerson, Rockwell, Siemens Gamesa, KONGSBERG, IHS Markit- Energy Solutions, CGG and Digi International

01-04-2019 12:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research for Markets

Research For Markets

Research For Markets

The report aims to provide an overview of global Digital Oil-Field market with detailed market segmentation by type, application, end user, and geography. The global Digital Oil-Field market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. The "Global Digital Oil-Field Market Analysis to 2025" is a specialized and in-depth study of the medical device industry with a focus on the global market trend.

Global Digital Oil-Field Market to reach USD 32.3 billion by 2025.

Get Sample Copy of Report at https://www.researchformarkets.com/sample/global-digital-oil-field-market-198474

Global Digital Oil-Field Market valued approximately USD 21.0 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2018-2025. The advanced software and data analysis techniques are used to improve the profitability of oil & gas production operations in order to increase the demand for Digital Oil-Field Market. Improved safety, optimized production rate of hydrocarbons, environmental protection, and ease in finding reserves and exploiting them to the fullest are some of the key drivers of the market. The process of automation of upstream, midstream, and downstream oilfield activities is called Digital oilfield. In order to provide better outputs and improve the profitability of the production process by software and data analysis techniques, digital oilfield is used. Digitization of oilfields is the implementation of resources to bring cost-effective and efficient results as well as optimum utilization of available resources.

On the basis of process, the digital oilfield market is segmented into drilling optimization, reservoir optimization, production optimization, and others. The asset management, maintenance & repair, and safety management are included in other segment. The maximum utilization of resource and time as well as the fine recovery of oil is leading the market by production optimization. On the basis of solutions, the digital market is categorized into hardware solutions, software & service solutions, and data storage solutions. The optimization of production and control & monitoring of oil & gas fields has lead the demand of the market to its great extent. The hardware segment estimated to dominate the market in forecast period. On the basis of application, the digital oilfield market is classified into onshore and offshore. The onshore segment has been increasing the market by faster growth rate. On the basis of region, the digital oilfield market is segmented into Europe, North America, Asia Pacific, the Middle East, South America, and Africa. Europe is estimated to dominate the market to its great extent.

The industry is seeming to be fairly competitive. Some of the leading market players include Benchmarking, Schlumberger, Weatherford, BHGE, Halliburton, National Oilwell Varco, ABB, Emerson, RockWell, Siemens, Honeywell, Kongsberg, IHS Markit, CGG, Digi International and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Browse Complete Report at https://www.researchformarkets.com/reports/global-digital-oil-field-market-198474

The detailed segments and sub-segment of the market are explained below:

By Process:

• Production Optimization

• Drilling Optimization

• Reservoir Optimization

• Others

By Solutions:

• Hardware Solutions

• Software & Service Solutions

• Data Storage Solutions

By Applications:

• Onshore

• offshore

By Regions:

• North America

• Europe

• Asia Pacific

• Latin America

• Rest of the World

Target Audience of the Global Digital Oil-Field Market in Market Study:

• Key Consulting Companies & Advisors

• Large, medium-sized, and small enterprises

• Venture capitalists

• Value-Added Resellers (VARs)

• Third-party knowledge providers

• Investment bankers

• Investors

Place Direct Purchase Order of Digital Oil-Field Market at https://www.researchformarkets.com/buy-now/global-digital-oil-field-market-198474/one

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Contact Info:
Name: Research For Markets
Email: alan.naidu@researchformarkets.com
Phone: +44 8000-4182-37

Research For Markets indulge in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East And Africa.

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