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Digital Oilfield Market Growth And Status Explored In A New Research Report

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Title: Digital Oilfield Market Growth And Status Explored In A New Research Report


1
Digital Oilfield Market
  • by Solutions (Hardware, Software Service, and
    Data Storage Solutions), Processes (Reservoir,
    Production, and Drilling Optimizations),
    Application (Onshore and Offshore), By Region and
    Forecast 2019 to 2025

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2
Digital Oilfield Market Size and Share-Global
Forecast to 2025
  • The global digital oilfield market size is
    projected to reach a value of USD 32,855.3
    million by 2025, growing at a CAGR of 4.8. The
    global digital oilfield market is driven by
    factors including increased adoption of
    high-performance and power-efficient devices for
    the consumer and healthcare sector along with
    investments in electric vehicles due to the
    concern for hazardous environmental impact.The
    global anti-aging products market size is
    estimated to reach up to USD 257.9 billion by
    2025 mainly driven by rising awareness, demand
    and adoption from growing baby boomers and
    generation X population across the globe.
    However, the anti-aging products are costly
    compared to other beauty products which is a
    primary restraining factor in the growth of the
    anti-aging products market. In addition, the
    presence of counterfeit products and the use of
    harmful ingredients in developing anti-aging
    products has negatively affected the growth of
    the anti-aging products market.
  • Adroit Market Research report on global digital
    oilfield market gives a holistic view of the
    market from 2015 to 2025, which includes factors
    such as market drivers, restraints, opportunities
    and challenges. The market has been studied for
    historic years from 2015 to 2017, with the base
    year of estimation as 2018 and forecast from 2019
    to 2025. The report covers the current status and
    future traits of the market at global as well as
    country level. In addition, the study also
    assesses the market based on Porter's five forces
    analysis and positions the key players based on
    their product portfolio, geographic footprint,
    strategic initiatives and overall revenue.
    Prominent players operating in the global digital
    oilfield market have been studied in detail.

3
Digital Oilfield Market Size and Share-Global
Forecast to 2025
  • The increase in rig count is a key factor driving
    demand growth. With the advent of emerging
    technology, operating facilities in the majority
    of industries like oil and gas have grown.
    Advantages such as cost savings increased
    efficiency, and healthier operations can be
    accomplished by oil and gas industry
    digitization. The implementation of digital
    technologies also helps provide the resilience
    needed against industry downturns.
  • The growing adoption of digital oilfields is
    recognized as one of the main emerging trends in
    global digital oilfield market. Globally, the
    rising demand for hydrocarbon fuel puts strain on
    the oil and gas industry because the difficulty
    of hydrocarbon production renders companies
    unable to satisfy the demand. Because of the
    increased legislation and organizational
    guidelines, businesses need to invest
    progressively to preserve safety and provide
    consistency in the process. Digital oilfield
    systems allow better plant management, with more
    efficient and accurate performance monitoring
    over manually controlled monitoring.
  • The Middle East is the largest digital oilfield
    market followed by the Asia Pacific and North
    America. The region is made up of major oil gas
    producing countries including Saudi Arabia, the
    UAE, Kuwait, Iraq, and Iran that have some of the
    world's largest petroleum reserves. Saudi Arabia
    continues to drive consumer demand in the region.
    Despite the recent decrease in profit margins for
    the national oil firms, the firms are continuing
    to increase their production. Using digitization
    techniques will enhance the synergies of
    production performance while allowing oilfield
    operators to increase their operational
    efficiency.

4
Digital Oilfield Market Size and Share-Global
Forecast to 2025
  • The global digital oilfield market is fragmented
    with the presence of many global and regional
    players. These include Schlumberger, Halliburton,
    Baker Hughes, Sinopec Oilfield Service, Honeywell
    International, Siemens, National Oil well Varco,
    ABB, Kongsberg Gruppen, Cisco Systems, Emerson
    Electric, General Electric, Weatherford
    International, Rockwell Automation, Pason
    Systems, International Business Machines (IBM),
    Accenture, Wipro, and Dell EMC among others.
  • Key Segments of the Global Digital Oilfield
    Market
  • Solutions Overview, 2015-2025 (USD Million)
  • Hardware
  • Software and Services
  • Data Storage

5
Digital Oilfield Market Size and Share-Global
Forecast to 2025
  • Processes Overview, 2015-2025 (USD Million)
  • Reservoir Production
  • Drilling Optimizations
  • Application Overview, 2015-2025 (USD Million)
  • Onshore
  • Offshore
  • Purchase this Report _at_ https//www.adroitmarketre
    search.com/researchreport/purchase/1546

6
Digital Oilfield Market Size and Share-Global
Forecast to 2025
  • Regional Overview, 2015-2025 (USD Million)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • United Kingdom
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Central and South America
  • Brazil
  • Mexico
  • Rest of Central and South America
  • Middle East Africa

7
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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