Press release
Digital Oilfield Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Digital Oilfield MarketThe global digital oil field market, by application, has been segmented into onshore and offshore, with the onshore segment growing at a faster pace. The complexity in deepwater drilling, along with the increasing adoption of digital oilfield techniques in regions such as the Middle East, and North America, where the maximum of the oilfields are located onshore, are expected to drive the onshore segment. Thus, the increasing production activities in these regions and reduction of non-productive time is expected to drive the onshore segment at the highest rate during the forecast period.
The global Digital Oilfield market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The increase in production activities in the Middle East region, the presence of unconventional reserves, and growing investments in offshore in the Asia Pacific region are expected to be the key factors driving the digital oilfield market during the forecast period.
This report aims to provide a comprehensive presentation of the global market for Digital Oilfield, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Oilfield.
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Report Scope
The Digital Oilfield market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Oilfield market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Oilfield companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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Segment by Type
Product Optimization
Reservoir Optimization
Drilling Optimization
Others
Segment by Application
Onshore
Offshore
By Company
Schlumberge, Halliburton Company, Baker Hughes, National Oilwell Varco, Weatherford International, Siemens, Honeywell International, Kongsberg Gruppen ASA
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