Press release
Rapid Digitalization of Oil & Gas Sector to Boost E&P Software Market at 15.4% CAGR by 2032
Digitalization has offered lucrative opportunities in the energy sector by enhancing mobility, connectivity surveillance, supporting real-time decision-making, and storage technologies. This is speculated to be the key cause driving the industry significantly during the forecast period. Digitalization and connectivity of smart devices carve out several remunerative chances for oil and gas companies to augment productivity and reduce expenses.
Request Sample Copy @ https://www.persistencemarketresearch.com/samples/33061
Oil and gas companies making significant investments in technologies like automation, IoT, and big data analytics to optimize core operational activities such as asset management, maintenance, and production. Besides, consumers are also demanding greater accountability from energy producers in fields like pollution and hydrocarbon sources, which is expected to fuel the E&P software market.
Adoption of developed seismic processing and imaging solution is anticipated to give significant lucrative opportunities. Its ability to reduce uncertainty and enhanced reliability is likely to push the industry growth in the forecast period. Moreover, modern seismic processing and imaging solution offers efficacious parallel framework and infrastructure for cluster optimization, which is predicted to drive the market expansion in the assessment period.
Key Takeaways from the Market Study
The global E&P software market to value US$ 8.6 Billion in 2021
The global E&P software market to exhibit a 15.4% growth rate from 2022-2032
By deployment type, the on-premise software segment to record 10.1% during the forecast period
The global E&P software market to secure US$ 42.8 Billion by 2032
The production segment is projected to witness 19.2% during the assessment period.
The UK market to value USD 3 Bn while exhibiting a 15% growth rate in the assessment period.
Market in China is projected to secure USD 2.9 Bn, expanding at a 17.3% CAGR in the forecast period
Market in India is expected to procure USD 2.8 Bn while exhibiting a 22.6% CAGR from 2022-2032
Request for Customization @ https://www.persistencemarketresearch.com/request-customization/33061
Competitive Landscape
Key players in the global E&P software market include Ikon Science Limited, Paradigm B.V., ION Geophysical Corporation, Schlumberger Limited, and ETL Solutions Ltd., among others. Players of the industry focus on industry collaborations, mergers & acquisitions, and partnerships to expand their reach.
Recent key developments in the E&P Software industry include:
In March 2020, US-based companies Emerson and Quantum Reservoir Impact (QRI) announced a strategic collaboration to develop applications for Artificial Intelligence (AI)-based analytics for oil and gas exploration and production.
In August 2020, Emerson announced that Jaguar Exploracion y Produccion (Jaguar), a Mexico-based oil and gas company, will use its exploration and production software and services to enhance the capability of Jaguar's onshore assets and projects.
Key Companies Profiled
Schlumberger Limited
Paradigm B.V.
ION Geophysical Corporation
ETL Solutions Ltd.
Ikon Science Limited
Buy Report Now @ https://www.persistencemarketresearch.com/checkout/33061
Key Segments Covered in the E&P Software Industry Report
E&P Software by Deployment Type
On-premise E&P Software Deployment
Cloud-based E&P Software Deployment
E&P Software by Operation Type
E&P Software for On-shore Operations
E&P Software for Off-shore Operations
E&P Software by Software Type
E&P Software for Risk Management Mapping
E&P Software for Seismic Amplitude Analysis
E&P Software for Portfolio Aggregation
E&P Software for Performance Tracking
E&P Software for Navigation Systems
E&P Software for Resource Valuation
E&P Software for Reservoir Characterization
E&P Software for Reservoir Simulation
E&P Software for Drilling
E&P Software for Production
E&P Software by Region
North America E&P Software Market
Europe E&P Software Market
Asia-Pacific E&P Software Market
Middle East & Africa E&P Software Market
South America E&P Software Market
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein
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 Rapid Digitalization of Oil & Gas Sector to Boost E&P Software Market at 15.4% CAGR by 2032 here
News-ID: 2785280 • Views: …
More Releases from Persistence Market Research
North America Household Washer and Dryer Market Set to Reach US$ 22.2 Bn by 2032 …
The North America household washer and dryer market is poised for steady growth, supported by rising demand for smart home appliances, changing lifestyle patterns, and technological enhancements in laundry equipment. The market is projected to reach US$ 17.3 billion in 2025, and with a CAGR of 3.5% from 2025 to 2032, it is expected to climb to US$ 22.2 billion by 2032.
➤ Download Your Free Sample & Explore Key Insights:…
Indoor Plants Market to Grow at 5.4% CAGR Through 2032 as Demand for Green Inter …
The global indoor plants market is poised for sustained expansion over the next several years. According to Persistence Market Research, the market is projected to grow from US$ 22.6 billion in 2025 to US$ 32.7 billion by 2032, reflecting a CAGR of 5.4% during the forecast period. This upward trajectory underscores the increasing consumer shift toward wellness-driven living, biophilic interiors, and nature-connected home environments.
➤ Download Your Free Sample & Explore…
UV Disinfection Equipment Market Poised for Strong 16.3% CAGR Growth Through 203 …
The global UV disinfection equipment market is poised for remarkable expansion over the next decade. Industry estimates indicate that the market will be valued at US$ 17.0 billion in 2025 and is projected to surge to US$ 48.9 billion by 2032, registering a powerful CAGR of 16.3% between 2025 and 2032. This accelerated growth reflects heightened global focus on safety, hygiene, water quality, and chemical-free disinfection methods across both residential…
Surfing Apparel and Accessories Market Booms at 5.5% CAGR Through 2031, Reports …
The global surfing apparel and accessories market is set for steady expansion over the next several years. According to industry estimates, the market is anticipated to rise from US$ 9.5 billion in 2024 to US$ 14.1 billion by 2031, reflecting a healthy CAGR of 5.5% during the forecast period. This upward trajectory highlights the increasing global appeal of surfing as both a sport and a lifestyle.
➤ Download Your Free Sample…
More Releases for E&P
Exploration and Production (E&P) Software Market 2022 | Detailed Report
The Exploration and Production (E&P) Software research report provides a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The data thus presented is reliable, comprehensive and the result of extensive research both primary and secondary. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. Moreover, the data underlines the primary…
Surging E&P Activities in Arctic Driving Well Cementing Services Demand
Well cementing refers to the service that helps in preventing the movement of fluid from the reservoir to the wellbore. Cementing of wells also supports and protects the well casing. Oilfield service companies offer well cementing services for completing new wells and sealing lost circulation areas or zones where there is an absence of fluid movement or less fluid flow within the well. These companies offer remedial, primary, and other…
Exploration & Production (E&P) Software – Global Market Outlook (2018-2025)
Global Exploration & Production (E&P) Software Industry
New Study On “2018-2025 Exploration & Production (E&P) Software Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” Added to Wise Guy Reports Database
This report focuses on the global Exploration & Production (E&P) Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Exploration & Production (E&P) Software development in United States, Europe and China.
The…
Well Intervention Market: Subsea E&P Activities to Trigger Adoption
Development of new oilfields coupled with rising demand for energy have remained instrumental in driving the need for well intervention. With a large contribution from the energy and power sector, the well intervention market is expected to remain optimistic throughout the period of forecast, 2018-2026, reveals a new report on well intervention market. This extensive research report titled “Well Intervention Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast…
Fenoxaprop-P-e: Global Product Intelligence (2015-2020)
ReportsWorldwide has announced the addition of a new report title Fenoxaprop-P-e: Global Product Intelligence (2015-2020) to its growing collection of premium market research reports.
The report “Fenoxaprop-P-e: Global Product Intelligence” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report.
The report “Fenoxaprop-P-e: Global Product Intelligence (2015-2020)” provides market intelligence on the different segments of the agrochemical,…
Exploration & Production (E&P) Software Market Industry Prediction 2024
Global Exploration and Production Software Market: Overview
The report provides analysis of the Exploration & Production (E&P) Software market for the period 2014–2024, wherein the years from 2016 to 2024 is the forecast period and 2015 is considered as the base year. The report covers all the major trends and technologies playing a major role in the Exploration & Production (E&P) Software market growth over the forecast period. It highlights the…
