Future Market Insights has announced the addition of the "Digital Oilfield Solutions Market: Middle East and China to Witness Significant Growth Owing to New Installations and Capacity Expansion of Oil Refineries: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028" report to their offering. The report studies essential market players such as Emerson Electric, Rockwell Automation.
The extensive range of operations in the oil and gas industry is enhancing the demand for digital solutions as they reduce the operational expenditure of oil and gas operators. Considering the demand for and developments in automation solutions and security technologies, digital solutions will play a pivotal role in the oil and gas industry.
As a result, the global digital oilfield solutions market
Digital oilfield solutions are being adopted by a large number of oil and gas operators worldwide. The innovative digital oilfield solutions validate different types of software and services, such as analytical tools and cyber-security services.
The oil and gas industry is inducing automation into upstream, midstream and downstream operations to reduce operational expenditure and enhance performance in the global market. Advancements in data safety in the oil and gas industry are expected to boost the demand for digital oilfield solutions over the coming years.
Download Sample Copy@ www.futuremarketinsights.com/reports…rep-gb-615
Based on component type, the software segment will continue to dominate the digital oilfield solutions market in terms of global market share and is expected to account for approximately 47.9% share by the end of 2028.
Based on end use, the upstream segment will continue to dominate the digital oilfield solutions global market and is expected to account for US$ XX Bn by 2028 end. However, the demand for digital oilfield solutions in midstream and downstream segments is expected to grow in the European region over others.
In 2018, North America is estimated to be the most lucrative region in the global digital oilfield solutions market and is likely to hold more than 24.4% of the global market share. Further, advancements in wireless communication technologies will drive the demand for digital oilfield solutions in Western Europe, North America, China and SEA & Pacific.
Ask the Analyst www.futuremarketinsights.com/ask-the…rep-gb-615
Increasing demand for digital oilfield solutions in the coming years will influence prominent manufacturers to collaborate with technology providers for expanding their business. ABB, Emerson Electric, Rockwell Automation, Siemens AG, Schneider Electric, Honeywell International Inc, and General Electric are some of the key players in the global digital oilfield solutions market.
Category: Market Research Publishers and RetailersCompany about: Future Market Insights (FMI) is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail.
For more information:Make an Inquiry about this report HERE!