Digital Oilfield Market to Hit 4.68% to 2021: Growth Analysis, Company Profiles & Trends

Market Research Report on Global Digital Oilfield Market is a professional and in-depth research report. The Report include basic information like definitions, classifications, applications and industry chain overview, industry policies and plans, product specifications, manufacturing processes, cost structures and so on. The Report Spread Across 88 Pages with Tables and Figures in It.

The Report Announces the Publication of its Research Report – Global Digital Oilfield Market 2017-2021

Marketsizeforecasters.com adds new global digital oilfield market report that lists top active companies as Baker Hughes, Halliburton, Honeywell International, Schlumberger, and Weatherford International.

Global Digital Oilfield Market Other Prominent Vendors in the market are: ABB, Accenture, China National Petroleum Corporation, eLynx Technologies, Emerson Electric, Enbase Energy Technology, ExxonMobil, GlobaLogix, Kongsberg Gruppen, MicroSeismic, Moxa, Paradigm, Pason Systems, Petrolink, Redline Communications, Rockwell Automation, Schneider Electric, Shell, Siemens, and Sinopec.

The Report analysts forecast the global digital oilfield market to grow at a CAGR of 4.68% during the period 2017-2021.

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Commenting on the Global Digital Oilfield Market report, an analyst said: One trend in the market is the growth of unconventional resources. The growing demand from India, China, and the countries in the Middle East are pushing the oil and gas industry to explore the various unconventional forms of energy such as shale gas. According to the World Energy Outlook of the International Energy Agency (IEA), the demand for energy may rise by more than a third by 2035 owing to a 60% growth in standards of living in India, China, and the Middle Eastern countries. The IEA predicted that the US will likely overtake Russia and Saudi Arabia by 2017 and aims at becoming a net explorer of oil by 2030.

According to the Global Digital Oilfield Market report, one driver in the market is the migration of drilling into unconventional areas. One of the most striking outcomes of the current generation of oil and gas exploration is the reaffirmation of the fact that the era of easy oil is coming to an end. This has resulted not only in inflated costs of hydrocarbon acquisition but also displaced the operations geographically. Much of the past century reported drilling operations at established locations in the world.

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The major hydrocarbon-rich regions around the globe were identified in the early 20th century, and most operations were based out of these areas for the next century or so. However, things have started to change significantly now, and the E&P companies have started to look at unconventional avenues for exploration.

Further, the Global Digital Oilfield Market report states that one challenge in the market is the cyber security concerns. Cyber-attacks are one of the main concerns in the global oil and gas industry. The growing adoption of smart oilfield technologies has made oil and gas companies dependent on data generation and analysis to sustain their production. With advances in technology, the risks associated with cyber thefts have also increased.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The Global Digital Oilfield Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables For Global Digital Oilfield Market Report @ https://marketsizeforecasters.com/global-digital-oilfield-market

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