Global Digital Oilfield Market to Grow at a CAGR Of 5.11% During the Period 2017-2023<span class="rating-result after_title mr-filter rating-result-1457">			<span class="no-rating-results-text">No ratings yet.</span>		</span>
Global Digital Oilfield Market to Grow at a CAGR Of 5.11% During the Period 2017-2023


Planet Market Reports has added a report, titled, “Global Digital Oilfield Market 2017 Forecast to 2025.”

Digital Oilfield Market

Industry Outlook and Trend Analysis

The Digital Oilfield Market was worth USD 18.56 billion in 2014 and is expected to reach approximately USD 29.07 billion by 2023, while registering itself at a compound annual growth rate CAGR of 5.11% during the forecast period. The primary function of the digital oilfield is to boost the recovery of oilfield, diminish non-productive time, and increment gainfulness through the deployment and design of integrated work processes. Digital oilfield work processes combine business process management with cutting edge information technology and designing skill to streamline and, in several cases, mechanize the execution of assignments performed by cross-functional groups.

Process Outlook and Trend Analysis

Based on the process the market is segmented into production optimization, drilling optimization, reservoir optimization and others. The others portion incorporates maintenance and repair, asset management, and safety management. The production optimization portion drove the digital oilfield market by process and is anticipated to grow at a significant CAGR over the forecast period. Utilizing real-time techniques for production optimization expands the recovery of oil and decrease the non-productive time.

Buy now and get a Beneficial 30% off on this report @

Application Outlook and Trend Analysis 

The complications in deep-water drilling, alongside the expanding adoption of digital oilfield techniques in several regions where the maximum of the oilfields are located onshore, are foreseen to drive the onshore fragment. Consequently, the expanding production exercises in these locales and diminishment of non-productive time is anticipated to drive the onshore portion at the most astounding rate amid the conjecture time frame.

Solution Outlook and Trend Analysis

The hardware section is evaluated to develop at a speedier rate over the forecast period. The investments by oilfield operators towards technology upgrade and process mechanization empower the organizations to dispense with non-productive time, improve generation, and improve control and monitoring of oil and gas fields, accordingly driving the equipment market amid the figure time frame.

Regional Outlook and Trend Analysis

Europe is anticipated to rule the digital oilfield market amid the figure time frame as the area has a few develop fields in the North Sea which require expanded usage of technological prowess to produce oil. The high number of mature oil and gas fields prompts the expanding interest for digital oilfield solutions, for example, well intervention and upgraded oil recuperation EOR methods.

Competitive Insights

The major players in the market are Baker Hughes, Rockwell Automation, Siemens, Schlumberger, Emerson Electric, ABB, Halliburton Technology Centre, Weatherford International and National Oilwell Varco. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Get More Information about this Report @

The Digital Oilfield Market is segmented as follows-

By Process:

Drilling Optimization
Reservoir Optimization
Production Optimization

By Application:


By Solutions:

Software and Service Solutions
Hardware Solutions
Data Storage solutions

By Region

North America
Rest of Europe
South Korea
Southeast Asia
Rest of Asia-Pacific
South America
South Africa
Rest of South America

Middle East and Africa

Saudi Arabia
South Africa
Rest of MEA

Some of the key questions answered by the report are:

What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Top of FormTo Browse Similar Reports @

About Us:

Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe.  We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.

We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.

Contact US:- 

Name: Jennifer Daniel 


US: +1-716-2260907

UK: +447441952057

Organization: Planet Market Reports

Follow us on Social Media

Facebook: –

LinkedIn: –

Twitter: –




Please rate this

Leave a Reply

Close Menu