Press release
E and P Software Market Report, Demand, Potential and Forecast to 2033
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.
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.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/33061
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
For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/33061
Competitive Landscape
Key players in the global E&P software market include
• Schlumberger Limited
• Paradigm B.V.
• ION Geophysical Corporation
• ETL Solutions Ltd.
• Ikon Science Limited
• Interactive Network Technologies, Inc.
• Exprodat Consulting Ltd.
• GEPlan Consulting Srl
• Landmark Solutions
• Baker Hughes Incorporated
• IHS Inc.
• Emerson Electric Co.
• Peloton
• Computer Modelling Group Ltd.
• Petroleum Experts Ltd.
• Kongsberg Gruppen
• RockFlow Dynamics, LLC
• GE Oil & Gas
• OVS Group LLC
• P2 Energy Solutions
• Petrolink Services, Inc.
• eDrilling AS
• Pason Systems Corp.
• Etech International, Inc.
• TDE Group GmbH
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.
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/33061
Trending Reports -
AI Powered Storage Market - https://www.persistencemarketresearch.com/market-research/ai-powered-storage-market.asp
Digital Commerce Platform Market - https://www.persistencemarketresearch.com/market-research/digital-commerce-platform-market.asp
Digital Adult Content Market - https://www.persistencemarketresearch.com/market-research/digital-adult-content-market.asp
Environmental Control System Ecs Market - https://www.persistencemarketresearch.com/market-research/environmental-control-system-ecs-market.asp
About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact us:
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
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 E and P Software Market Report, Demand, Potential and Forecast to 2033 here
News-ID: 2924060 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
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…
