Well Services Market 2019 Precise Outlook - Schlumberger Limited, Weatherford International plc, Baker Hughes A GE Co., Halliburton Company

GLOBAL WELL SERVICES MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2023):-
The report presents an opportunity to unlock comprehensive insights with respect to the Global Well Services Market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering into the Well Services Market.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Well Services Market: Schlumberger Limited, Weatherford International plc, Baker Hughes A GE Co., Halliburton Company, National Oilwell Varco, Superior Energy Services, Inc., Expro Group, Archer, Odfjell Well Services, Axis Well Technology, and others.

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KEY DEVELOPMENTS
- December 2017 - Citrix System’s XenApp and XenDesktop services were deployed on Oracle Cloud Market place, to enable consumers to provide the workforce with more security to business apps and data, on any device, with an advantage of scale, power, and the reliability of Oracle Cloud Infrastructure (OCI).
- December 2017 - Huawei launched OpenLab in Cairo, Egypt, to build Information Technology Communication ecosystem in Northern Africa, in response to digital transformation.
- November 2017 - IBM announced the successful testing of a fully integrated Wavelength Division Multiplexing (WDM) Si photonics chip for Big Data and cloud services, enabling the download of an entire HD digital movie in two seconds.
- June 2017 - Microsoft acquired Cloudyn, a company that helps enterprises and managed service providers optimize their investments in cloud services. This acquisition is expected to accelerate digital transformation for customers and partners with Azure.

INCREASE IN HYDRAULIC FRACTURING IS DRIVING THE MARKET
Hydraulic fracturing market is expected to register a CAGR of more than 5% during the forecast period, which in turn, propel the well services market. Currently, the United States is the leading player in hydraulic fracturing, but several other countries, like Argentina, Canada, and China are expected to draw significant attention for hydraulic fracturing during the forecast period, thereby, driving the market.

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GOLDEN TRIANGLE ONE OF THE LARGEST MARKET
The deepwater drilling market is expected to rebound in the near future due to increased activity in the Golden Triangle Gulf of Mexico, Brazil, and West Africa. Chevron’s Ballymore and Shell’s giant Whale discovery in the Gulf of Mexico represents the sign of regional deepwater revival after a long time without any major discovery. The discovery of Egypt’s mammoth offshore natural gas field ‘Zohr’ is expected to increase the demand for well intervention. Several large offshore drilling projects in countries, like Mozambique, and Nigeria are further expected to drive the market.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, Well Services, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Well Services Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The report has 150 tables and figures browse the report description and TOC:
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