Press release
Digital Oilfield Solutions Market Next Big Thing | Major Giants- Halliburton, Schlumberger, Baker Hughes
Digital Oilfield Solutions Market
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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.
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.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Digital Oilfield Solutions Market various segments and emerging territory.
Influencing 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
Challenges:
• The concern related to the Interoperability of multiple system components from different solution providers
Analysis 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)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [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), Honeywell International (United States)]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players
Have Any Questions Regarding Global Digital Oilfield Solutions Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/57961-global-digital-oilfield-solutions-market#utm_source=OpenPR/Rahul
The regional analysis of Global Digital Oilfield Solutions Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.
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.
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/57961-global-digital-oilfield-solutions-market#utm_source=OpenPR/Rahul
Highlights of the Report
• The future prospects of the global Digital Oilfield Solutions market during the forecast period 2023-2028 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Digital Oilfield Solutions market.
Contact Us:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
Phone: +1(201) 7937323, +1(201) 7937193
sales@advancemarketanalytics.com
About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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