The digital oilfield market is poised to grow by $5.00 bn during 2021-2025, progressing at a CAGR of over 3%
The market is driven by rise in rig count, drilling activities in remote areas, and increasing complexities of refineries
The report on the digital oilfield market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The digital oilfield market analysis includes the technology segment and geographic landscape.
This study identifies the increasing applications of digital oilfields as one of the prime reasons driving the digital oilfield market growth during the next few years. Also, the advent of big data analytics and 4D seismic survey technology will lead to sizable demand in the market.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital oilfield market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., Halliburton Co., Honeywell International Inc., Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, and Weatherford International Plc.
Also, the digital oilfield market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five forces analysis 2020 & 2025
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Technology
Comparison by Technology
Software - Market size and forecast 2020-2025
Services - Market size and forecast 2020-2025
Hardware - Market size and forecast 2020-2025
Market opportunity by Technology
MEA - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity By Geographical Landscape
Market positioning of vendors
Emerson Electric Co.
General Electric Co.
Honeywell International Inc.
Rockwell Automation Inc.
Schneider Electric SE
Weatherford International Plc
For more information about this report visit https://www.researchandmarkets.com/r/s61bkk
View source version on businesswire.com: https://www.businesswire.com/news/home/20210922005561/en/
Laura Wood, Senior Press Manager
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