Digital Oilfield Market Expected to Grow at 28.5 Billion In Revenue by 2025

According to Market Study Report, Digital Oilfield Market provides a comprehensive analysis of the Digital Oilfield Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Digital Oilfield Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Digital Oilfield Market is projected to grow from an estimated USD 20.2 Billion in 2020 to USD 28.5 Billion by 2025, at a CAGR of 7.1% from 2020 to 2025.

Top Companies Profiled in the Digital Oilfield Market:
• Schlumberger (US)
• Weatherford (Switzerland)
• Halliburton (US)
• Baker Hughes Company (US)
• National Oilwell Varco (US)

Top Equipment Providers in the Digital Oilfield Market:
• ABB (Switzerland)
• Emerson (US)
• Rockwell (US)
• Siemens (Germany)
• CGG (Paris)

Top Solution Providers in the Digital Oilfield Market:
• Intel (US)
• Oracle (US)
• Microsoft (US)
• IBM (US)
• Accenture (US)

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“The hardware segment is expected to hold the largest share of the digital oilfield market, by solutions, during the forecast period.”
The hardware solutions segment includes Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), smart wells, safety systems, wireless sensors, Programmable Logic Controller (PLC), computer equipment & application hardware, process automation manager, and human-machine interaction instrument which is responsible for surveillance and communication data transfer in both onshore and offshore fields.

“Middle East: The fastest market for digital oilfields.”
The Middle East is the largest market for digital oilfields, 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. Saudi Arabia continues to drive the demand for the market in the region.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1- 25%, Tier 2- 40%, Tier 3- 35%
• By Designation: C-Level- 18%, D-Level- 35%, Others- 47%
• By Region: Asia Pacific- 25%, Middle East- 23%, Europe- 18%, North America- 15%, Africa- 8%, , and South America- 11%

Competitive Landscape of Digital Oilfield Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic
2.4 Emerging
3 Ranking Of Players And Industry Concentration, 2019
4 Competitive Scenario
4.1 New Product Launches
4.2 Contracts & Agreements
4.3 Mergers & Acquisitions
4 Investments & Expansions
4.5 Partnerships, Collaborations, Alliances, And Joint Ventures

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Study Coverage:
The report provides a complete view of the digital oilfield market across the oil & gas industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as process, application, solutions, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

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This release was published on openPR.