Executive Summary
The Global Digital Oilfield Market was valued at USD 23,235.15 Million in the year 2018. Growing Exploration & Production (E&P) activities across the globe, exploration of shale resources as well as CAPEX improvement in upstream sector, technological advancements coupled with the rising demand for reduction in production costs as well as growing safety concerns are the major factors impelling the market growth. Further, environmental benefits include reduction in CO2 emission and avoiding oil spills which has been propelling the digital oilfield market.
Global Digital Oilfield market has gained importance as increasing consumption requirement influences the exploration of offshore oilfields using digital technologies like Big Data, IIoT (Industrial Internet of Things), SCADA system, sensors, real-time data analysis, robots and drones. These markets are influenced by many factors including fluctuating crude oil and natural gas prices, changing consumer preferences, growing concern to reduce greenhouse emission and the overall strength of the economy.
Based on the End Process, the Production Optimization is estimated to account for the largest share over the forecast period. It includes measuring, modelling, analyzing and prioritizing functions to implement in a well or reservoir to improve its productivity.
Among the regions, Americas currently leads the Digital Oilfield market owing to considerable investments planned in offshore deep water and ultra-deep water drilling activities and growing number of oil and gas wells. Moreover, countries like China, Russia, Saudi Arabia, Iran are expected to grow faster owing to increased investment in the upstream sector.
Scope of the Report
Global Digital Oilfield Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Digital Oilfield Market - Size, Growth, Forecast
- Analysis by Technology: Hardware, Software & Services, Data Storage Solutions
- Analysis by End-Process: Reservoir Optimization, Production Optimization, Drilling Optimization, Others
- Analysis by Application: Offshore, Onshore
Regional Digital Oilfield Market - Americas, Europe, APAC, MEA (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Digital Oilfield Market - Size, Growth, Forecast
- Analysis by Technology: Hardware, Software & Services, Data Storage Solutions
- Analysis by End-Process: Reservoir Optimization, Production Optimization, Drilling Optimization, Others
- Analysis by Application: Offshore, Onshore
Country Analysis - U.S., Canada, Mexico, Russia, Norway, United Kingdom, India, China, Saudi Arabia, Iran (Actual Period: 2014-2018, Forecast Period: 2019-2024)
- Digital Oilfield Market - Size, Growth, Forecast
- Analysis by Technology: Hardware, Software & Services, Data Storage Solutions
- Analysis by End-Process: Reservoir Optimization, Production Optimization, Drilling Optimization, Others
- Analysis by Application: Offshore, Onshore
Other Report Highlights
- Competitive Landscape
- Leading Companies
- Market Dynamics - Drivers and Restraints.
- Market Trends
- Porter Five Forces Analysis.
- SWOT Analysis.
- Company Analysis - Kongsberg Gruppen, Schlumberger, Halliburton, Weir Group, National Oilwell Varco, Siemens, Sinopec Corporation, Baker Hughes Inc., Honeywell International, Weatherford International.
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
Table of Contents
1. Report scope & Methodology
- 1.1 Scope of the Report
- 1.2 Research Methodology
- 1.3 Executive Summary
2. Strategic Recommendations
- 2.1 Ongoing Collaborations including joint ventures, mergers and acquisitions to expand the business
- 2.2 Contribution in Research and Development activities to expand the implementation of digitalization in oilfields.
3. Global Oil & Gas Industry Outlook
4. Global Digital Oilfield Market: Sizing and Forecast
- 4.1 Market Size, By Value, Year 2014-2024
5. Global Digital Oilfield Market Segmentation By Technology (By Value)
- 5.1 Competitive Scenario of Global Digital Oilfield: By Technology
- 5.2 Hardware - Market Size and Forecast (2019-2024)
- 5.3 Software & Services - Market Size and Forecast (2019-2024)
- 5.4 Data Storage Solutions - Market Size and Forecast (2019-2024)
6. Global Digital Oilfield Market Segmentation By End-Process (By Value)
- 6.1 Competitive Scenario of Global Digital Oilfield: By End Process
- 6.2 Reservoir Optimization - Market Size and Forecast (2019-2024)
- 6.3 Production Optimization - Market Size and Forecast (2019-2024)
- 6.4 Drilling Optimization - Market Size and Forecast (2019-2024)
- 6.5 Others - Market Size and Forecast (2019-2024)
7. Global Digital Oilfield Market Segmentation By Application (By Value)
- 7.1 Competitive Scenario of Global Digital Oilfield: By Application
- 7.2 Offshore Application - Market Size and Forecast (2019-2024)
- 7.3 Onshore Application - Market Size and Forecast (2019-2024)
8. Global Digital Oilfield Market: Regional Analysis
- 8.1 Competitive Scenario of Global Digital Oilfield: By Region
9. Americas Digital Oilfield Market: Segmentation By Technology, End-Process, Application (2019-2024)
- 9.1 Americas Digital Oilfield Market: Size and Forecast (2019-2024)
- 9.2 Americas Digital Oilfield Market - Prominent Companies
- 9.3 Market Segmentation By Technology (Hardware, Software & Services, data Storage Solutions)
- 9.4 Market Segmentation By End-Process (Reservoir Optimization, Production Optimization, Drilling Optimization, Others)
- 9.5 Market Segmentation By Application (Offshore, Onshore)
- 9.6 Americas Digital Oilfield Market: Country Analysis
- 9.7 Market Opportunity Chart of Americas Digital Oilfield Market - By Country, By Value (Year-2024)
- 9.8 Competitive Scenario of Americas Digital Oilfield: By Country
- 9.9 United States Digital Oilfield Market: Size and Forecast (2019-2024)
- 9.10 United States Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 9.11 Canada Digital Oilfield Market: Size and Forecast (2019-2024)
- 9.12 Canada Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 9.13 Mexico Digital Oilfield Market: Size and Forecast (2019-2024)
- 9.14 Mexico Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 9.15 Rest Of Americas Digital Oilfield Market: Size and Forecast (2019-2024)
- 9.16 Rest Of Americas Digital Oilfield Market Segmentation By Technology, End-Process, Application
10. Europe Digital Oilfield Market: Segmentation By Technology, End-Process, Application (2019-2024)
- 10.1 Europe Digital Oilfield Market: Size and Forecast (2019-2024)
- 10.2 Europe Digital Oilfield Market - Prominent Companies
- 10.3 Market Segmentation By Technology (Hardware, Software & Services, data Storage Solutions)
- 10.4 Market Segmentation By End-Process (Reservoir Optimization, Production Optimization, Drilling Optimization, Others)
- 10.5 Market Segmentation By Application (Offshore, Onshore)
- 10.6 Europe Digital Oilfield Market: Country Analysis
- 10.7 Market Opportunity Chart of Europe Digital Oilfield Market - By Country, By Value (Year-2024)
- 10.8 Competitive Scenario of Europe Digital Oilfield: By Country
- 10.9 Russia Digital Oilfield Market: Size and Forecast (2019-2024)
- 10.10 Russia Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 10.11 Norway Digital Oilfield Market: Size and Forecast (2019-2024)
- 10.12 Norway Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 10.13 United Kingdom Digital Oilfield Market: Size and Forecast (2019-2024)
- 10.14 United Kingdom Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 10.15 Rest Of Europe Digital Oilfield Market: Size and Forecast (2019-2024)
- 10.16 Rest Of Europe Digital Oilfield Market Segmentation By Technology, End-Process, Application
11. Asia Pacific Digital Oilfield Market: Segmentation By Technology, End-Process, Application (2019-2024)
- 11.1 Asia Pacific Digital Oilfield Market: Size and Forecast (2019-2024)
- 11.2 Asia Pacific Digital Oilfield Market - Prominent Companies
- 11.3 Market Segmentation By Technology (Hardware, Software & Services, data Storage Solutions)
- 11.4 Market Segmentation By End-Process (Reservoir Optimization, Production Optimization, Drilling Optimization, Others)
- 11.5 Market Segmentation By Application (Offshore, Onshore)
- 11.6 Asia Pacific Digital Oilfield Market: Country Analysis
- 11.7 Market Opportunity Chart of Asia Pacific Digital Oilfield Market - By Country, By Value (Year-2024)
- 11.8 Competitive Scenario of Asia Pacific Digital Oilfield: By Country
- 11.9 China Digital Oilfield Market: Size and Forecast (2019-2024)
- 11.10 China Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 11.11 India Digital Oilfield Market: Size and Forecast (2019-2024)
- 11.12 India Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 11.13 Rest Of Asia Pacific Digital Oilfield Market: Size and Forecast (2019-2024)
- 11.14 Rest Of Asia Pacific Digital Oilfield Market Segmentation By Technology, End-Process, Application
12. Middle East & Africa Digital Oilfield Market: Segmentation By Technology, End-Process, Application (2019-2024)
- 12.1 Middle East & Africa Digital Oilfield Market: Size and Forecast (2019-2024)
- 12.2 Middle East & Africa Digital Oilfield Market - Prominent Companies
- 12.3 Market Segmentation By Technology (Hardware, Software & Services, data Storage Solutions)
- 12.4 Market Segmentation By End-Process (Reservoir Optimization, Production Optimization, Drilling Optimization, Others)
- 12.5 Market Segmentation By Application (Offshore, Onshore)
- 12.6 Middle East & Africa Digital Oilfield Market: Country Analysis
- 12.7 Market Opportunity Chart of Middle East & Africa Digital Oilfield Market - By Country, By Value (Year-2024)
- 12.8 Competitive Scenario of Middle East & Africa Digital Oilfield: By Country
- 12.9 Saudi Arabia Digital Oilfield Market: Size and Forecast (2019-2024)
- 12.10 Saudi Arabia Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 12.11 Iran Digital Oilfield Market: Size and Forecast (2019-2024)
- 12.12 Iran Digital Oilfield Market Segmentation By Technology, End-Process, Application
- 12.13 Rest Of MEA Digital Oilfield Market: Size and Forecast (2019-2024)
- 12.14 Rest Of MEA Digital Oilfield Market Segmentation By Technology, End-Process, Application
13. Global Digital Oilfield Market Dynamics
- 13.1 Global Digital Oilfield Market Drivers
- 13.2 Global Digital Oilfield Market Restraints
- 13.3 Global Digital Oilfield Market Trends
14. Market Attractiveness and Strategic Analysis
- 14.1 Market Attractiveness
- 14.1.1 Market Attractiveness Chart of Global Digital Oilfield Market - By Technology (Year 2024)
- 14.1.2 Market Attractiveness Chart of Global Digital Oilfield Market - By End-Process (Year 2024)
- 14.1.3 Market Attractiveness Chart of Global Digital Oilfield Market - By Application (Year-2024)
- 14.1.4 Market Attractiveness Chart of Global Digital Oilfield Market - By Region, By Volume, (Year-2024)
- 14.2 Strategic Analysis
- 14.2.1 New Product Development
- 14.2.2 Key Developments in Digital Oilfield Market
15. Competitive Landscape
- 15.1 Market Share Analysis
- 15.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)
- 15.3 SWOT Analysis
- 15.4 Porter's Five Force Analysis
16. Company Profiles (Business Description, Financial Analysis, Business Strategy)
- 16.1 Kongsberg Gruppen
- 16.2 Schlumberger
- 16.3 Halliburton
- 16.4 Baker Hughes Inc.
- 16.5 National Oilwell Varco
- 16.6 Siemens
- 16.7 Honeywell International
- 16.8 Weir Group
- 16.9 Weatherford International
- 16.10 Sinopec Corporation