openPR Logo
Press release

Digital Oilfield Solutions Market , 2015-2025 by Segmentation: Based on Product, Application and Region

01-13-2017 02:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Digital Oilfield Solutions Market , 2015-2025 by Segmentation:

‘Digital Oilfield’ is a term used for representing the application of advanced information technology in order to optimize hydrocarbon recovery and improving safety in operations. The digital oilfield solutions support the Exploration & Production (E&P) activities of a company, providing optimum reservoir management. A typical oil rig produces about 1 Terabyte (TB) data per day and digital oilfield solutions enables a real-time monitoring and quick analysis of E&P data, resulting fast decision making.

Digital oilfield solutions market provides an integration of conventional practises in oil & gas with modern communication, automation and information technology. The digital oilfield solutions market has been segmented on the basis of geography which include North America, Latin America, Eastern Europe, Western Europe, Middle East & Africa, Japan and Asia-Pacific (excluding Japan). The North American region is amongst the leading regions in the global digital oilfield solutions market. Asia-pacific region is expected to account for a healthy growth rate in the global digital oilfield market during the forecast period.

Request Free Report Sample@http://www.futuremarketinsights.com/reports/sample/rep-gb-615

The digital oilfield solutions market has also been segmented as per IT services and Instrumentation & Automation. The instrumentation & automation segment which include DCS (Distributed Control System), SCADA (Supervisory Control & Data Acquisition), PLC (Programmable Logical Controller), Wireless Sensors, Safety Systems, and other such systems. The DSC & SCADA system accounted for a leading market share in the global digital oilfield solutions market. Due to growing concerns over safety, the safety systems are expected to register substantial growth in the global digital oilfield solutions market.

The industry’s inclination and attempts to optimize upstream assets is one of the key drivers for the global digital oilfield solutions market. Additionally, the recovery in crude oil price after recent plummeting is also likely to drive investments in digital oilfield solutions market. Furthermore, given the hazardous nature of the oil & gas industry, the concerns over safety of human resource as well as that of the environment are increasing amid the accidents occurred over the past few years in the industry. Increasing E & P activities in regions such as Eastern Siberian region, where extreme weather condition possess a challenge to work, is also expected to contribute towards the digital oilfield solutions market.

Request For TOC@http://www.futuremarketinsights.com/toc/rep-gb-615

In addition to the drivers of the digital oilfield solutions market, a few constraints are also enacting their part, which is limiting the investments in this market. One of the key constraints is the digital oilfield solutions market is the unwillingness to adapt the change from conventional to a digital oilfield.

The global digital oilfield solutions market witnesses key players such as Schlumberger Ltd., baker Hughes Inc., Halliburton Company, Honeywell International, among others.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
press@futuremarketinsights.com
Website: www.futuremarketinsights.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 Digital Oilfield Solutions Market , 2015-2025 by Segmentation: Based on Product, Application and Region here

News-ID: 412119 • Views:

More Releases from Future Market Insights

European Eco-friendly Precious Metal Beneficiation Reagents Market Outlook 2025-2035: Key Developments and Future Scope
European Eco-friendly Precious Metal Beneficiation Reagents Market Outlook 2025- …
The global Eco-Friendly Precious Metal Beneficiation Reagents Market is entering a high-growth decade, supported by unprecedented demand for green extraction solutions, rising environmental compliance pressure, and rapid modernization within the global precious metals industry. According to the latest forecast, the market will rise from USD 974.1 million in 2025 to USD 3,906.5 million by 2035, marking a remarkable 301.1% surge and expanding at a CAGR of 14.9%. Driven by global sustainability
European Spherical Ceramic Sand Market Outlook 2025-2035: Key Developments and Future Scope
European Spherical Ceramic Sand Market Outlook 2025-2035: Key Developments and F …
The global spherical ceramic sand market is entering a decade of transformational growth as automakers, aerospace manufacturers, and precision casting industries accelerate their shift toward high-performance molding materials. According to the latest forecast, the market is projected to rise from USD 118.5 million in 2025 to USD 184 million by 2035, reflecting 55.3% total expansion and a 4.5% CAGR. The industry is set to grow 1.55X over the next ten
European Solid Terpene Resin Market Outlook 2025-2035: Key Developments and Future Scope
European Solid Terpene Resin Market Outlook 2025-2035: Key Developments and Futu …
The solid terpene resin market, valued at USD 215.4 million in 2025, is forecast to reach USD 354.3 million by 2035, expanding at a steady CAGR of 5.2%, according to the latest industry estimates. The global surge is propelled by increased adoption across adhesives, inks, coatings, packaging, and specialty chemical applications, along with the rapid modernization of chemical processing infrastructure across APAC, Europe, the United States, and the Middle East-particularly
European Titanium Wire for Glasses Market Outlook 2025-2035: Key Developments and Future Scope
European Titanium Wire for Glasses Market Outlook 2025-2035: Key Developments an …
The global Titanium Wire for Glasses Market is entering a decade of accelerated transformation, expanding from USD 209.1 million in 2025 to USD 419.0 million by 2035, reflecting a strong 7.2% CAGR. The surge is driven by rapid adoption of medical-grade titanium materials, premium eyewear demand, and widespread modernization across optical manufacturing hubs in Asia-Pacific, Europe, the United States, and Saudi Arabia. This decade-long outlook highlights how titanium wire-recognized for its

All 5 Releases


More Releases for Digital

Digital luxury brands Market Is Booming Worldwide | Major Giants Balenciaga Digi …
HTF MI recently introduced Global Digital luxury brands Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Major companies in Digital luxury brands Market are: Balenciaga Digital, Louis Vuitton Digital, Gucci Digital, Dolce & Gabbana DGFamily, Prada Virtual,
Introducing Digital Sales Pro, Inc: Revolutionizing Digital Sales in the Digital …
Digital Sales Pro, Inc. is a company that helps content creators and publishers make money from content and reach a larger audience with their craft. In today's world, it can be tough for content creators and publishers to make money and connect with their audience. At, Digital Sales Pro, Inc. we understand these challenges and have created a suite of solutions that help our clients build a strong online presence, monetize
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
Introduction The healthcare industry has seen significant growth and development over the years, with technology playing a critical role in transforming patient care. One such innovative technology that has emerged in recent years is the Global Digital Twin in Healthcare Market. This technology allows healthcare professionals to create a virtual replica of a patient's physical self, enabling them to monitor and analyze patient data in real-time. The Global Digital Twin in
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
In 2021, the market for Digital Twin in Healthcare worldwide was worth $6.75 billion US dollars. AMR Group projects that the market will reach US$ 96.5 billion by 2031, growing at a CAGR of 40 percent between 2022 and 2031. Industry Overview Digital twins are virtual copies of physical objects or things that data scientist & IT professionals can use to compute simulations prior to developing and deploying the original devices. Digital
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025. North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect. Get Sample Copy of this Report -