According to the Digital Oilfield Market survey report, the market is expected to witness a relatively higher growth rate during the forecast period 2018-2023.
A new statistical surveying intelligent market report, titled "Digital Oil-Field " has been included in the vast depository by QY Reports. Digital oil-field (DOF) technology uses advanced IT technology to enhance crude oil production and increase profitability in the oil & gas industry.
It consists of sets of workflows that allow fast execution of collaborative tasks midst distributed teams to give more optimal and profitable results. The emergence of DOF technology has addressed the human capital and resources problems faced by oil & gas industry.
DOF includes a variety of themes like operational efficiency, production optimization, collaboration, decision support, data integration, and workflow automation. Advanced software and data analysis techniques are being employed in this market to maximize the profits from various oil & gas operations.
Report at: qyreports.com/request-sample?report-id=19050
Digital oilfield market was valued USD +20 Billion in 2016; it is projected to reach USD +27 Billion by 2022, growing at a CAGR of +5 %, from 2017 to 2022
The study includes a thorough analysis of the impact of various factors deemed critical for the overall development of the market in the present scenario as well as the report's forecast period. The report is an amalgamation of data collected through a variety of industry-standard primary and secondary research efforts.
Primary research techniques such as interactions via e-mails and telephonic interviews. Secondary research methodologies such as data collection from company websites, press releases, and several regional and global databases were undertaken for formulating the study.
Key companies operating in the global Digital Oil-Field Market: ABB Group (Switzerland), Baker Hughes Inc. (U.S.), Emerson Electric Company (U.S.), TIBCO Software Inc.
(U.S.), Microsoft Corporation (U.S.), Redline Communications Group Inc. (Canada), Schlumberger Ltd. (U.S.), Paradigm Ltd (U.S.), Microseismic Inc.
(U.S.), and Honeywell International Inc., (U.S.)
The onshore segment is the fastest growing market during the forecast period and is projected to dominate the market during the forecast period. The larger intensity of onshore applications regions such as the Middle East and North America.
These areas where digitization of the fields can maximize the oil & gas outputs, reduce non– productive time and increased profitability through integrating the workflows. This would ultimately create new revenue pockets for the digital oilfield market during the forecast period.
According to the research report, the Global Digital Oil-Field Market has been witnessing a substantial increase in its valuation and size. The significant rise in the industry and the subsequent surge in exploration activities is boosting the demand for the market across the world.
Researchers predict the scenario to remain so over the next few years, notes the study.
The performance of the key product and application segments of the Digital Oil-Field market in each regional market has been explained in the report. In the same way, each provincial market's competitive changing aspects have been elaborated upon by providing statistics about the hierarchy among the foremost players operating in it.
This helps deliver a systematic granular analysis of the global market. The report also presents 2018-2026 forecasts for each product, application, and topographical segments of the global market.
Table of Content:
Chapter 1 Digital Oil-Field Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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