Press release
Connected Oilfield Market Report 2025: Explosive Growth Anticipated at 6.8% CAGR with an Estimated Value of $34.9 Billion by 2029
Connected Oilfield Market
What Is The Projected Market Size Of The Global Connected Oilfield Market And Its Growth Rate?
The connected oilfield market has experienced robust growth in the recent past, the details of which are as follows:
• The market size grew from $26.5 billion in 2024 to $28.31 billion in 2025 with a CAGR of 6.8%
• This growth can be attributed to the evolution of communication networks and the proliferation of data analytics in the industry.
• The market is projected to reach $34.9 billion in 2029 at a CAGR of 5.4%, spurred by advances in operational efficiency and data-driven decision-making, among other factors.
What Is Driving The Growth In The Connected Oilfield Market?
The burgeoning oil and gas exploration activities are propelling the growth of the connected oilfield market. These activities are crucial to maximizing oil recovery and operational efficiency, as they provide the primary data for these processes. The exploration efforts help to increase oil recovery from the seabed by using better data analysis, software, and technology. Notably, the US crude oil production, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, signaling a strong demand for connected oilfield solutions.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14303&type=smp
Who Are the Key Players Driving Connected Oilfield Market Growth?
Here are the major companies operating in the connected oilfield market driving its progress:
• China Petroleum & Chemical Corporation
• Exxon Mobil Corporation
• Royal Dutch Shell plc
• TotalEnergies SE
• Chevron Corporation
• BP plc
• GAZPROM PAO
• Equinor ASA
• Ente Nazionale Idrocarburi Società per Azioni
• ConocoPhillips
• Repsol SA
• Occidental Petroleum Corporation
• PJSC Lukoil
• Schlumberger Limited
• Pioneer Natural Resources
• Baker Hughes Company
• Kinder Morgan Inc.
• Devon Energy
• Woodside Petroleum
• Enbridge Inc.
• Hess Corporation
• TC Energy Corporation
• Apache Corporation
• Rosneft Oil Company
• Marathon Oil Corporation
What Are The Key Trends In The Connected Oilfield Market?
The key trends contributing to the growth of the connected oilfield marketinclude:
• Integration of digital twins
• Enhanced cybersecurity measures
• Optimization of remote operations
• Adoption of hybrid connectivity solutions
What Are The Segments Of The Global Connected Oilfield Market?
The connected oilfield market covers the following segments:
1) By Solution: Hardware, Software And Service, Data Storage Solutions
2) By Processes: Reservoir, Production, Drilling Optimizations, Safety Management
3) By Application: On Shore, Off Shore
Which Region Leads The Connected Oilfield Market?
In 2024, North America was the largest region in the connected oilfield market. Furthermore, the regions covered in the connected oilfield market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/connected-oilfield-global-market-report
What Is Covered In The Connected Oilfield Global Market Report?
- Market Size Analysis: Analyze the Connected Oilfield Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Connected Oilfield Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Connected Oilfield Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Connected Oilfield Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=14303&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Connected Oilfield Market Report 2025: Explosive Growth Anticipated at 6.8% CAGR with an Estimated Value of $34.9 Billion by 2029 here
News-ID: 3849678 • Views: …
More Releases from The Business Research Company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…
