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Digital Oilfield Market Size, Share, Price | Industry Report
Digital Oilfield
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Digital oilfield market is expected to be reach USD 30.78 billion by 2020, growing at a CAGR of 4.31% from 2015 to 2020. Increased focus on oil production has been boosting the demand for these solutions after the oil price slump in 2014. Oilfield operators are targeting to increase their production levels to maintain their market share while the service providers are targeting low-cost oil producing countries.
Production optimization is the largest market by process type. This segment is also expected to be the fastest growing mainly by the increasing demand for optimizing production solutions. Increased recovery from the mature oilfields is being preferred to development of new fields as lower cost are involved. DOF solutions aid effective utilization of recovery enhancing techniques such as artificial lift and enhanced oil recovery (EOR).
Why buy this report:
The report offers market estimations and projections till 2020 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
• Product Analysis and development: Insights on upcoming technologies, research and development activities, and new product launches in the global digital oilfield market. In-depth analysis of the DOF implementations in various regions depicts a clear picture of the market scenario.
• Market Development: Includes information about lucrative emerging markets. The report also analyzes markets for DOF solutions across geographies
• Market Diversification: Information about new products, untapped regions, recent developments, and investments decisions in the market. Description regarding related and unrelated diversification pertaining to this market
• Competitive Assessment: Assessment of market shares, and company share analysis of key players. Business strategies and manufacturing capabilities of leading players enhance the bottom line of the companies in the DOF market.
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List of the companies profiled in the report include:
• Schlumberger Limited
• Halliburton Company
• Baker Hughes Incorporated
• National Oilwell Varco, Inc.
• Weatherford International Plc
• Paradigm Limited
• IHS Inc.
• Pointcross Inc
• Katalyst Data Management
• Ovation Data Services, Inc
• CGG S.A.
• DIGI International Inc.
• Honeywell International Inc.
• Kongsberg Gruppen Asa
• Pason Systems Inc.
• Redline Communications Group Inc.
• Rockwell Automation, Inc.
• Siemens AG
• EDG, Inc.
• Oleumtech Corporation
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