9:32 AM Digital Oilfield Market Size to Grow at a CAGR of 7.2% |
| Digital Oilfield Market is expected to grow at a CAGR of 7.2% during the next five years, according to a newly added report by Stratview Research. The rising production activities in the Middle Eastern region, the prevalence of alternative reserves, and the increasing investments in offshore in Asia-Pacific are the factors that are bolstering the growth of the digital oilfield market globally.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period. Request a sample of the report here As per the report, among different process types, the production optimization segment is estimated to lead the market in the coming five years. The real-time techniques for production optimization augment the recovery of oil and minimize the non-productive time. Based on the solutions type, the market is segmented as hardware solutions, software & service solutions, and data storage solutions. The hardware solutions segment is expected to grow at the fastest rate during the forecast period. Investments by oilfield operators towards technology enhancement and process mechanization are helping companies to eradicate non-productive time and scale-up production. Based on the application type, the market is segmented as onshore and offshore. The onshore segment is expected to lead the market in the coming five years. The market is driven by the large-scale oil & gas exploration activities in the Middle Eastern and the North American regions. View the Table of Contents here Europe is estimated to dominate the digital oilfield market in the coming five years. This growth is owing to the presence of large oilfields in the North Sea. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period. Read the Full Report Description here The report further mentions about the key manufacturing players Schlumberger Limited, Weatherford International, Halliburton Company, National Oilwell Varco Corporation, ABB Group, The Emerson Electric Company, Rockwell Automation, Inc., Siemens AG, Honeywell International Inc., and Digi International. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the digital oilfield market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly. Salient Features of the Report The report on digital oilfield market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
About Stratview Research: Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 |
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