Press release
Digital Oilfield Market 2020-2025 by Global Analysis and Key Players: Schlumberger, Halliburton, Baker Hughes, Sinopec Oilfield Service, Honeywell International, Siemens, National Oil well Varco, ABB, Kongsberg Gruppen, Cisco Systems, Emerson Electric, Ge
Global digital oilfield market size is projected to reach a value of USD 32,855.3 million by 2025, growing at a CAGR of 4.8%.The global digital oilfield market was valued at USD 23,837.3 million in 2018. Oil & gas firms face tremendous strain on both their CAPEX and OPEX budgets. Big data investments and research in the oil and gas industry are expected to grow over the next couple of years. Therefore, during the forecast period, high adoption by oil and gas companies is anticipated to drive the digital oilfield market.
Get Research Insights @ https://www.adroitmarketresearch.com/contacts/request-sample/1546
global digital oilfield market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2015 to 2017, with the base year of estimation as 2018 and forecast from 2019 to 2025. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global digital oilfield market have been studied in detail.
The global digital oilfield market has been segmented based on solutions, processes, application, and region. Based on solutions, the global digital oilfield market is categorized into hardware, software and services, and data storage. On the basis of processes, the global digital oilfield market is segmented into small and medium enterprise, and drilling optimizations. Based on application, the digital oilfield market is classified into offshore, and onshore.
Get Discount on this Report @ https://www.adroitmarketresearch.com/contacts/discount/1546
The Middle East is the largest digital oilfield market followed by the Asia Pacific and North America. The region is made up of major oil & gas producing countries including Saudi Arabia, the UAE, Kuwait, Iraq, and Iran that have some of the world's largest petroleum reserves. Saudi Arabia continues to drive consumer demand in the region. Despite the recent decrease in profit margins for the national oil firms, the firms are continuing to increase their production. Using digitization techniques will enhance the synergies of production performance while allowing oilfield operators to increase their operational efficiency.
The global digital oilfield market is fragmented with the presence of many global and regional players. These include Schlumberger, Halliburton, Baker Hughes, Sinopec Oilfield Service, Honeywell International, Siemens, National Oil well Varco, ABB, Kongsberg Gruppen, Cisco Systems, Emerson Electric, General Electric, Weatherford International, Rockwell Automation, Pason Systems, International Business Machines (IBM), Accenture, Wipro, and Dell EMC among others.
Browse Complete Research Report @ https://www.adroitmarketresearch.com/industry-reports/digital-oilfield-market
Key Segments of the Global Digital Oilfield Market
Solutions Overview, 2015-2025 (USD Million)
Hardware
Software and Services
Data Storage
Processes Overview, 2015-2025 (USD Million)
Reservoir Production
Drilling Optimizations
Application Overview, 2015-2025 (USD Million)
Onshore
Offshore
Regional Overview, 2015-2025 (USD Million)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Central and South America
Brazil
Mexico
Rest of Central and South America
Middle East & Africa
Make an Enquire to buy this Report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/1546
Reasons for the study
The digital oilfield market share is set to grow on account of growing requirement for optimizing the oil and gas operations. Declining production from existing wells along with need to devise an economic well recovery method will accelerate the industry growth.
Growing focus toward operational management and reduction of capital and operating expenses will lead to the adoption of intelligent digitalized devices and solutions. Advancement in wireless technologies, mobility, data analysis and collection platforms have enabled substantial improvement in decision making and performance.
What does the report include?
The study on the global digital oilfield market includes qualitative insights such as drivers, restraints, challenges and opportunities
Additionally, the market has been evaluated using the Porter's Five Forces analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of solutions, processes, application, and end-users. Moreover, the study on digital oilfield market provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players operating in the market with a significant global and/or regional presence
About US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Information:
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX 75204, U.S.A
Phone No.: USA: +1 972-362 -8199 / +91 9665341414
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 Market 2020-2025 by Global Analysis and Key Players: Schlumberger, Halliburton, Baker Hughes, Sinopec Oilfield Service, Honeywell International, Siemens, National Oil well Varco, ABB, Kongsberg Gruppen, Cisco Systems, Emerson Electric, Ge here
News-ID: 2041970 • Views: …
More Releases from Adroit Market Research
Subscription and Billing Management Market Analytical Overview and Growth Opport …
A sort of software called subscription and billing management is used to speed up the payment process for companies that provide subscription services and depend on recurring payments. Subscription and billing management solutions automate the billing procedure to lower the possibility of errors, increase client satisfaction, and give companies access to comprehensive reporting tools. Businesses can customise subscription packages, automate billing, provide customer self-service options, manage subscriptions across various payment…
Smart Office Solution Market Key Players, End User Demand and Analysis Growth Tr …
Innovative technologies called "smart office solutions" are created to optimise and enhance an office space's daily operations. They usually concentrate on automating repetitive processes, improving cooperation and communication, increasing staff productivity and workflow, and offering real-time insights into operational performance. The goal of smart office solutions is to help businesses save money and operate as efficiently as possible. They provide services that include cloud-based document management systems, CRM platforms, enterprise…
Rewards and incentives Market 2023 Growing Rapidly with Modern Trends, Industry …
Rewards and incentives are expressions of appreciation and acknowledgement offered to people or groups to acknowledge their efforts, achievements, or performance. Rewards and incentives have the power to inspire workers, boost engagement, boost morale, and promote constructive behaviour at work. They may be given in the form of monetary awards or non-financial incentives like praise from others, promotions, extra vacation time, or other forms of remuneration. Rewards and incentives are…
Open-Source Intelligence Market Report Covers Opportunities, Industry CAGR, Dema …
The process of gathering and analysing information that is readily accessible to the public to produce intelligence that can be used to guide decisions is known as open-source intelligence (OSINT). Open-source intelligence is used to understand a company's or organization's operating environment, including its rivals, clients, suppliers, and potential threats. It is a technique for gathering intelligence that makes use of easily accessible and widely available data sources like the…
More Releases for USD
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period.
An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide.
Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market
This report presents…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics.
Eubiotics or specific organic…
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and…
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size…
