The Global Drilling Data Management Systems Market will Grow Impressively at a CAGR of Almost 12.31% by 2020

ALBANY, NY, April 12, 2017 : 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. 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.

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Covered in this report
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.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, 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

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

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

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

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.