Forecast the Global Drilling Process Market to Grow at a CAGR of 12.31% by Revenue During the Period 2016-2020

About Drilling Process

The drilling process is one of the most crucial links in not only the upstream segment but the entire oil and gas value chain. Once the presence of a perceived commercial hydrocarbon reservoir is established by the surveying and analysis of the geophysical data, the actual drilling process takes place.

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As with the process of introduction of any new technology, the implementation of new generation smarter drilling data management systems is contingent upon key factors. These are the factors that are heavily scrutinized by the stakeholders before they actually invest in the purchase and implementation of these systems.

Technavios analysts forecast the global drilling data management systems to grow at a CAGR of 12.31% during the period 2016-2020.

Covered
The report covers the present scenario and the growth prospects of the global drilling data management systems for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market.

Segments based on geography:
Americas
APAC
EMEA

Global Drilling Data Management Systems 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Baker Hughes
Halliburton
Honeywell
IBM
National Oilwell Varco
Oracle
Pason Systems
Schlumberger

Other prominent vendors
EMC
SAP
SAS
Accenture
Capgemini
WIPRO
Tata Consultancy Services
Infosys

Driver
Strong focus on asset optimization
For a full, detailed list, view our report

Challenge
Cyber security concerns
For a full, detailed list, view our report

Trend
Smart oilfield technologies
For a full, detailed list, view our report

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This release was published on openPR.