Press release
Digital Oilfield Market Growth Prospects 2022 and Projected to Reach US$ 27.10 Billion
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ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Digital Oilfield Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
The digital oilfield market is projected to grow from an estimated US$ 21.14 Billion in 2017 to US$ 27.10 Billion by 2022, at a CAGR of 5.09%, from 2017 to 2022. Increasing adoption of digitization techniques in oil & gas fields for enhancing the production outputs and optimizing workflow process has enabled the companies to meet the production targets and eliminate nonproductive time in oilfields. Europe and North America are expected to be the largest markets for digital oilfield during the forecasted year.
Access Complete report on Digital Oilfield Market spread across 209 Pages, profiling 21 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=215337 .
The Middle East is the largest market for digital oilfield, followed by North America and Asia Pacific. The region consists of major oil & gas producing countries such as Saudi Arabia, the UAE, Kuwait, Iraq, and Iran, which have some of the largest petroleum reserves in the world. These countries continue to drive the demand for the market in the region. Despite the recent decline in profit margins for the national oil companies, the companies continue to increase their production output.
The Study Objectives of this report are:
• To define, describe, and forecast the digital oilfield industry by process, application, solutions, and region
• To provide detailed information regarding the major factors influencing the growth of the digital oilfield market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the digital oilfield industry with respect to individual growth trends, future projections, and the contribution of each segment to the market
• To track and analyze competitive developments such as contracts & agreements, new product launches, investments and expansions, mergers & acquisitions, strategic alliances, partnerships, joint ventures, and collaborations in the digital oilfield industry
• To profile key players and comprehensively analyze their market ranking and core competencies
The target audience of this report includes:
• Consulting companies in the oil & gas sector
• Digital oilfield equipment manufacturing and integrator companies
• Government and research organizations
• State- or government-owned corporations
• Oil & Gas Industry Forum
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The report provides insights on the following pointers:
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the digital oilfield market
• Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for digital oilfield across regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global digital oilfield industry
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