openPR Logo
Press release

Digital Oilfield Services Market Trends, Regulations And Competitive Landscape Outlook to 2028(On the basis of type of services, the global digital oilfield services market has been segmented as, Automation service Instrumentation services Security servic

02-05-2019 08:17 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Digital Oilfield Services Market Trends, Regulations

Digital Oilfield Services Market: Introduction

With the recuperation of the oil & gas industry from the oil price crisis, several oil companies are investing in oil exploration and production (E & P) to recover losses and cater to the rising demand for oil & gas products across the globe. For the same, oil & gas companies are opting for digital oilfield services that integrate oil production, engineering, security and maintenance operations.  Through the integration of oilfield operations, digital oilfield services help reduce operation costs with quick & precise decision-making, thereby improving the overall productivity of the entire operation. Through digital oilfield services, entire oil & gas field operations, starting from drilling, reservoir evaluation, oilfield fluids, stimulation and completions, among other operations are flawlessly, rapidly, optimally and safely executed. Digital oilfield services offer several advantages such as improved compliance and safety, track preventive maintenance throughout the operation, scheduling of tasks, analysis of real-time field data & management and reduced cost of operation. Thus, digital oilfield services not only balance the production demand gap but also streamline data collection, validation and surveillance, among other processes.

In the upstream operation, digital oilfield services witness demand for security applications, minimization of operational expenditure and optimum utilization of available resources, among other applications. Moreover, incessant research, improvisation and development of new technologies in digital oilfield services is the key reason contributing to the growth of the digital oilfield services industry. For instance, integrating new technologies in digital oilfield services such as the Internet of Things (IoT), mobility and cloud computing, among others enhances data capture capacity and improves the decision making ability. Thus, with the development of oil E&P activates across the globe, the demand for digital oilfield services is expected to grow significantly over the forecast period

Click here to subscribe Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2884 

Digital Oilfield Services Market: Segmentation

On the basis of type of services, the global digital oilfield services market has been segmented as,

Automation service
Instrumentation services
Security services
Other digital oilfield services
On the basis of application, the global digital oilfield services market has been segmented as,

Onshore
Offshore
On the basis of end use, the global digital oilfield services market has been segmented as,

Upstream
Midstream
Downstream
Digital Oilfield Services Market: Regional Outlook

In North America, the U.S. is a major market for digital oilfield services. This can be mainly attributed to growing shale gas exploration and rising offshore oil E&P activities in the region, especially in the Gulf of Mexico. As the operation cost in this region in higher, players in the oil and gas industry are compelled to deploy automation solutions and digital oilfield services. MEA and Asia Pacific regions are poised to register steady growth in the digital oilfield services market. In the Latin America digital oilfield services market, Mexico is one of the key oil and gas producers and the anticipated strong investments in the oil & gas industry in the near future are expected to drive the digital oilfield services market. However, the economic crisis in Venezuela may hamper the digital oilfield services market growth to an extent.

Request/View TOC@ https://www.factmr.com/connectus/sample?flag=T&rep_id=2884 

Digital Oilfield Services Market: Market Participants

The digital oilfield services market is a highly fragmented one. A myriad of smaller players are present in the market where the top 10 key players account for over one-third of the digital oilfield services market. Over the recent past, it has been observed that several digital oilfield service providers are signing agreements with oil exploration and production companies to gain a competitive edge over other digital oilfield services providers. For Instance, in 2017, Halliburton and Microsoft collaborated to digitally transform the oil and gas industry and deliver intelligent cloud solutions. Deploying such solutions will drive the next generation of efficient oil and gas exploration and production.

Some of the key players identified across the value chain of the global digital oilfield services market are:

Halliburton Company
Schlumberger Limited
General Electric
Siemens AG
Kongsberg Gruppen
The Emerson Electric Company
Pason Systems Corp.
Rockwell Automation, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Grow Your Business From Expert Advice: https://www.factmr.com/report/2884/digital-oilfield-services-market 

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR

About US
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Rohit Bhisey
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - http://theguardiantribune.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Digital Oilfield Services Market Trends, Regulations And Competitive Landscape Outlook to 2028(On the basis of type of services, the global digital oilfield services market has been segmented as, Automation service Instrumentation services Security servic here

News-ID: 1559614 • Views:

More Releases from Fact.MR

Ice Skating Equipment Market worth is poised to reach US$ 1478 Billion in 2033
03-28-2024 | Sports
Fact.MR
Ice Skating Equipment Market worth is poised to reach US$ 1478 Billion in 2033
The global ice skating equipment market garnered a market value of US$ 6.87 Billion in 2022 and is expected to accumulate a market value of US$ 16.26 Billion by registering a CAGR of 9% in the forecast period 2023-2033. Ice skating is a popular activity observed in numerous snow-clad regions around the world, serving various purposes including exercise, leisure, and excitement. This recreational pursuit can occur in specially prepared ice arenas
Global Barcode Software Market is predicted to be valued at US$ 1.4 Billion by 2032
Global Barcode Software Market is predicted to be valued at US$ 1.4 Billion by 2 …
The barcode software market is predicted to grow at a moderate CAGR of 6.3% over the forecast period of 2022 to 2032. The barcode software market is estimated to achieve a net worth of about US$ 1.4 Billion in the year 2032, improving from US$ 694.9 Million recorded in 2021. For more insights into the Market, Get A Sample of this Report! https://www.factmr.com/connectus/sample?flag=S&rep_id=7368 The barcode software market emerges as a crucial enabler of
Hardware Acceleration is forecasted to accelerate at a commendable CAGR of 51% from 2023 to 2033
Hardware Acceleration is forecasted to accelerate at a commendable CAGR of 51% f …
The global hardware acceleration market stands at US$ 2.87 billion in 2023. Worldwide demand for hardware acceleration technology is projected to skyrocket at a CAGR of 51% and reach a market value of US$ 177 billion by 2033. Hardware acceleration refers to the use of specialized hardware components to perform specific tasks more efficiently than general-purpose processors. This technology has gained significant traction across various industries due to its ability to
03-28-2024 | Food & Beverage
Fact.MR
Marine Collagen Ingredients Market value is projected to reach US$ 2,320.6 milli …
According to Fact.MR analysis, the marine collagen ingredients market is poised for steady growth in the coming years. The market's overall value is anticipated to exceed US$ 2,320.6 million by the year 2033, a significant increase from US$ 1,076.8 million recorded in 2023. Projections indicate a robust compound annual growth rate (CAGR) of 8.0% during the assessment period spanning from 2023 to 2033. Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=8704 In recent

All 5 Releases


More Releases for Digital

Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025. North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant
Digital Advertising on Mobil Market Analysis 2019 Top Growing Companies: Adverti …
Digital Advertising on Mobil Market Digital Advertising on Mobile Market is a type of advertising that shows that mobile devices such as smart phones and tablets have wireless connectivity. For mobile devices with fewer lenses than computers or laptops, digital media formats are often the most suitable for small displays through outputs. Telephone advertising is the communication of products or services of mobile devices and consumers. Telephone announcements range from
Digital Package Market Size by Analyzing Historical Data, Future Prospect and Ke …
Global Digital Package Industry 2019-2025 Market Research Report explores an in-depth insight of Digital Package Market covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. This in-depth market report, which is updated every year, provides all you need to know about the global Digital Package market. The report includes the market volumes for Digital Package present and latest news and updates about the market situation.Digital
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect. Get Sample Copy of this Report -
Top Key Players like Digital Brand Architects, Marketing Factory Inc., Digital A …
Digital Marketing Strategy is the series of actions that help you to achieve your company goals through carefully selected online marketing channels. These channels include paid, earned, and owned media, and can all support a common campaign around a particular line of business. Here we include some digital marketing strategies that can help to grow business in future: Setting a Goal, Creating a Marketing Funnel, Developing a call-to-action, creating an
Digital Video Recorder Market - Digital Technology With The Adoption of Digital …
A digital video recorder (DVR) is an electronic device that records video in a digital format to a hard disk drive (HDD), solid state drive (SSD), USB flash drive, SD card, or other mass storage devices. Digital video recorders include set-top-boxes, television sets, personal computers, camcorders, and media players with recording capability. Digital video recorders are used mainly for entertainment and security and surveillance applications. Fast data retrieval, less storage