openPR Logo
Press release

Exploration & Production Software Market - Focus on Unconventional Gas Resources Drives Global Market

10-30-2017 06:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The global exploration and production software market has been gaining an accelerated momentum. The market is likely to be driven by the high adoption of technology make processes efficient and accurate. The report predicts that that global exploration and production software market will be worth US$14.7 bn by the end of 2024 from US$3.1 bn in 2015. The growth in the global market will be recorded at a CAGR of 18.9% between the forecast years of 2016 and 2024. The growth of the global oil and gas industry is the obvious reason for the soaring revenue of the exploration and production software market. Incremental investments in pipelines and refineries in the Americas, APAC, and Middle East & Africa are likely to be pivotal factors steering the global market toward growth.

Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8791

The market is also driven by the increasing exploration level of unconventional gas resources worldwide. In recent years, the depletion of conventional gas sources has motivated several companies to focus on unconventional sources. Extraction of unconventional gas sources requires the use of latest software and technologies for ensuring horizontal drilling. This has also reduced the carbon footprint of the oil and gas industry. Furthermore, the valuable additions to the technological advancements have driven the usage of oilfield equipment that use exploration and production software across the globe. The market’s growth is currently restricted by the fluctuating oil and gas prices worldwide.

Browse Press Release of this Research Report @ https://www.transparencymarketresearch.com/exploration-and-production-ep-software-market.html

In terms of exploration and production software types, the market has been segmented into resource valuation, risk management mapping, portfolio aggregation, seismic amplitude analysis, navigation system, performance tracking, reservoir characterization, drilling, reservoir simulation, and production. In 2015, the market was led by reservoir simulation software which accounted for approximately 20% of the global market revenue. Analysts anticipate that production software will also be a leading software segment in the global exploration and production market during the forecast period of 2016 to 2024.

North America to Lead Global Market as Investments in Exploration of Shale Gas Improve

In terms of geography, the global exploration and production software market is fragmented into Asia Pacific, the Middle East and Africa, Europe, and South America. Of these regional markets, North America held a share of 34% in the global market in 2015. The North America exploration and production software market is projected to continue its dominance throughout the forecast period due to rising investments in shale gas in the U.S. The report also suggests that the Middle East and Africa market is also expected to witness maximum growth rate during the forecast period. The growing number of offshore developments across the Middle East and Africa have been identified as the top driving factors.

The key operating players in the global exploration and production software market are Schlumberger Limited, Paradigm B.V., ION Geophysical Corporation, ETL Solutions Ltd., Exprodat Consulting Ltd., Landmark Solutions, Baker Hughes Incorporated, IHS Inc., Emerson Electric Co., Computer Modelling Group Ltd., Kongsberg Gruppen ASA, GE Oil & Gas, Pason Systems Corp., Ikon Science Limited, GEPlan Consulting Srl, Interactive Network Technologies, Inc., Peloton, Petroleum Experts Ltd., RockFlow Dynamics, LLC, OVS Group LLC, P2 Energy Solutions, Petrolink Services, Inc., EDrilling AS, and TDE Group GmbH.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.co
Website: http://www.transparencymarketresearch.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 Exploration & Production Software Market - Focus on Unconventional Gas Resources Drives Global Market here

News-ID: 791628 • Views: 744

More Releases from Transparency Market Research

Coconut Oil Market- Positive Long-Term Growth Outlook till 2025
Coconut oil is extracted from dried or tender coconut kernels and is a tasteless and colorless oil. The coconut oil is available in two types based on the extraction- unrefined and refined or virgin oil. Unrefined oil is unbleached and unprocessed and is rarely used in consumption, while virgin oil is used in consumption. Obtain Report Details @ https://www.transparencymarketresearch.com/coconut-oil-market.html The coconut oil market has seen tremendous potential in the personal
Cassava Flour Market: Global Size, Trends, Competitive, Historical and Forecast …
Cassava flour is gaining worldwide recognition as an alternative for wheat flour and other gluten-based flours. It contains more calories in comparison to other flours. Cassava flour is considered as a rich source of starch, which is the main source for carbohydrates and dietary fibers. In the global flour market, the demand for cassava flour is high, owing to its very less content of gluten in comparison to other varieties
Tiger Nuts Market - Growth Prospect and Future Scenario by 2026
The growing demand for healthy, plant-based snacks among consumers has fuelled the growth of tiger nuts in recent years. Tiger nuts are naturally occurring tuberous rhizome of sedge grass known as cyperus esculentus lativum. Tiger nuts do not belong to the nut family, but they have a texture similar to wrinkled crunchy granules. Tiger nuts are natively cultivated and consumed in Egypt and Spain as a part of the Mediterranean
Understanding Impact of COVID-19 on Wound Closure Products Market
The global wound closure products market is a highly competitive market with a high number of global and local players operating in it around the world, states a new market research study by Transparency Market Research. The key players in the market are focusing on the expansion of the product portfolio and the innovations, which is expected to support the growth of the overall market in the next few years.

All 5 Releases


More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Made In America Plaques & Awards
Law Enforcement & Veteran owned PatchPlaques.com now offers the best quality plaques and awards made in the USA! Patch Plaques™ is the authentic and original manufacturer of the Patch Plaque. We specialize in Custom Wood & Acrylic Photo Prints, Plaques, Signs and Recognition Awards for any occasion. We can enhance and reproduce any Photo, Logo, Patch, Emblem, Badge, Seal, Insignia or Artwork and make it into a Custom Wood & Acrylic Plaque,
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles (www.nationalautoraffle.com) and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the