Press release
The Global Exploration And Production Software Market accounted for over USD 4.2 billion in 2017 and is expected to grow at a CAGR of 13.7% during the forecast period, 2021–2026.
Exploration and Production Software Market
Exploration & production entails the process of searching and extracting oil and natural gases underwater or underground. Software solutions designed especially for upstream processes in the oil and gas industry are referred to as E&P software. E&P software programs help oil and gas companies better analyze geographical data for more accurate modeling and production planning.
The demand for exploration and production (E&P) software has been rising in tandem with the growth of the oil and gas industry. For instance, Schlumberger Limited increased its E&P investment in North America by more than 30% in 2017. More than 75% of new projects planned in 2017 were slated for shallow and deepwater offshore environments, which has tripled the number of investments.
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The Major Manufacturers Covered in this Report:
Halliburton, Exprodat Consulting Ltd., ETL SOLUTIONS, Emerson Paradigm Holding LLC, Schlumberger Limited, P2 Energy Solutions, eDrilling AS, TDE Group, Petrolink, OVS Group LLC, Rock Flow Dynamics, Petroleum Experts Limited., Kongsberg Gruppen ASA, General Electric, Pason Systems Corp., GEPlan Consulting srl, Interactive Network Technologies, Inc., ION Geophysical Corporation, IHS Markit, Emerson Electric Co., and Computer Modelling Group Ltd.
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Market Segmentation:
By Deployment Type
On-Premise Software
Cloud-Based Software
By Software Type
Risk Management Mapping
Reservoir Characterization
Seismic Amplitude Analysis
Portfolio Aggregation
Performance Tracking
Drilling
Others
Recent Developments
The global exploration & production software market is expected to be largely driven by innovative digital solutions during the forecast period (2019–2026).
In 2018, Weatherford International plc launched its production software platforms ForeSite and CygNet SCADA on Google Cloud Platform. The collaboration with Google Cloud enables operators to easily access and deploy these platforms to drive improved production performance.
In 2017, Halliburton launched over 35 new products across 14 product lines to improve its services. In November 2018, Halliburton launched the Cerebro in-bit sensor package, a new intelligent drill bit technology to optimize drilling performance.
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Additionally, the analysis also delivers a comprehensive review of the crucial players on the Exploration and Production Software Market along with their company profiles, SWOT analysis, latest advancement and business plans.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Exploration and Production Software Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Exploration and Production Software Market sub-markets, depending on key regions (various vital states).
To analyze the Global Exploration and Production Software Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Exploration and Production Software Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Exploration and Production Software Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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