Digital Oilfield Solutions Market - Major Technology Giants in Buzz Again | Halliburton, Emerson, Siemens

Latest released the research study on Global Digital Oilfield Solutions Market, offers a detailed overview of the factors influencing the global business scope. Digital Oilfield Solutions Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Digital Oilfield Solutions The study covers emerging player's data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Halliburton (United States), Schlumberger (United States), Baker Hughes (United States), Weatherford International (United States), NOV (United States), ABB (Switzerland), Emerson (United States), Rockwell Automation (United States), Siemens (Germany) and Honeywell International (United States)

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Digital Oilfield Solutions Market Definition:
The digital oilfield is defined as "the use of technology to manage production, staff, and safety in the oil and gas sector, resulting in lower costs, increased production, and improved efficiency." Through the design and deployment of integrated processes, the digital oilfield aims to maximize oilfield recovery, decrease non-productive time, and boost profitability. Business process management, advanced information technology, and engineering skills are used in the digital oilfield to expedite and, in many cases, automate the execution of tasks done by cross-functional teams. In 2019, the global market for Digital Oil Field was estimated to be worth USD 24.60 billion. Though China and the United States have a lot of R&D going on, Digital oilfield technology has global commercial potential, not just in the United States.

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Market Leaders and their expansionary development strategies
On 23rd September 2021, Vietnam's largest IT firm FPT announced a strategic collaboration with the global oilfield services leader Halliburton to accelerate digital transformation by lowering innovation costs and time to adoption across the E&P sector.
Nov 2021, OspreyData, a prominent oil and natural gas firm based in the United States, has unveiled its cutting-edge OspreyData Vision platform, which is compatible with all mobile devices. It would allow leasing operators, artificial lift technicians, and production engineers to work from anywhere at the 'Virtual Control Center,' giving them access to critical operational data and assisting with problem-solving.

The Global Digital Oilfield Solutions Market segments and Market Data Break Down are illuminated below:
by Type (Hardware Solutions, Software & Service Solutions, Data Storage Solutions), Application (Onshore, Offshore), Technology (IoT, Advanced Analytics, Robotics, Cloud Computing, Mobility, Others), Process (Production Optimization, Drilling Optimization, Reservoir Optimization, Safety Management, Others)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Market Trend
• Early in the adoption cycle; a wave of immature new startups
• Massive early-stage gap; few investors with deep oilfield+software understanding

Market Drivers
• The increased return on investment in the oil & gas industry
• The growing need for efficient operations across the globe

Opportunities
• Legacy factors held back digital adoption but evolving market and culture opened the way for the new wave of adoption
• Major gaps and failure to adopt leading-edge technologies

Strategic Points Covered in Table of Content of Global Digital Oilfield Solutions Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Digital Oilfield Solutions market
Chapter 2: Exclusive Summary - the basic information of the Digital Oilfield Solutions Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Digital Oilfield Solutions
Chapter 4: Presenting the Digital Oilfield Solutions Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Digital Oilfield Solutions market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Digital Oilfield Solutions Market is a valuable source of guidance for individuals and companies in decision framework.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Digital Oilfield Solutions Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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What benefits does AMA research study is going to provide?
• Latest industry influencing trends and development scenario
• Open up New Markets
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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