Digital Oilfield Market Report Analysis, Trends, Growth, Share, Size, Demand and Forecast Till 2024

1. Global Digital Oilfield Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Digital Oilfield Market Overview: According to the latest report by IMARC Group, titled “Digital Oilfield Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024,” the global digital oilfield market size reached US$ 23.1 Billion in 2018. A digital oilfield utilizes a combination of network sensors, cloud computing, artificial intelligence (AI) and advanced big data analytics to maximize oilfield recovery and increase profitability. The workflow combines business process management with advanced digital technologies to automate several tasks and streamline the performance of cross-functional teams. The technology-centric solutions offered by these oilfield use data analysis and software systems, which enable intelligent data filtering, thereby simplifying the overall decision-making process. Its employment enhances operational efficiency, production optimization and data integration in a cost- effective manner. Global Digital Oilfield Market Trends The significantly increasing demand for oil and oil derivatives from various industries is primarily driving the growth of the market. This has resulted in the further propelled by the growing trend of digitalization and the escalating need to increase oil production.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Furthermore, constant technological advancements in sensing, automation, connectivity and data analytics are further providing a boost to the market growth. On account of the aforementioned factors, the market is expected to reach a value of US$ 29.7 Billion by 2024, expanding at a CAGR of around 4% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/digital-oilfield-market/requestsample

5. Report Description and Highlights Report Description The need for enhanced safety measures, owing to the hazardous nature of the oil extraction process, is also driving the demand for digital oilfield. Furthermore, growing exploration activities have led to the saturation of numerous oilfields globally. This has enabled the end users to shift toward digital resources for improving oil recovery, thereby positively influencing the market growth. For more information, click here: https://www.imarcgroup.com/digital-oilfield-market Digital Oilfield Market Segmentation Market Segmentation by Type • Hardware Solution o Distributed Control Systems (DCS) o Supervisory Control and Data Acquisition (SCADA) o Smart Wells o Safety Systems o Wireless Sensors Software Solution o IT Outsourcing •

6. Report Description and Highlights Report Description o Software o IT Services and Commissioning o Collaborative Product Management (CPM) Others o Data Storage Solutions (Hosted) o Data Storage Solutions (On-Premise) • On the basis of the solution, the market has been hardware solutions [Distributed Control Systems (DCS), Supervisory Control and Data Acquisition (SCADA), smart wells, safety systems and wireless sensors], software solutions [IT outsourcing, software, IT services and commissioning and Collaborative Product Management (CPM)] and others [Data Storage Solutions (Hosted) and Data Storage Solutions (On-Premise)]. Market Segmentation by Product • • • Production Optimization Drilling Optimization Reservoir Optimization

7. Report Description and Highlights Report Description • • Safety Management Others Based on the process, the market has been categorized into production optimization, drilling optimization, reservoir optimization, safety management and others. Market Segmentation by Application • • Onshore Offshore On the basis of the application, the market has been bifurcated into onshore and offshore. Market Segmentation by Region • • • • Asia Pacific Europe North America Middle East and Africa

8. Report Description and Highlights Report Description • Latin America On the geographical front, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Competitive Landscape: The report has also examined the competitive landscape of the market with profiles of major players that are currently operating in the industry. • • • • • • • • Schlumberger Weatherford InternationalPlc General Electric Halliburton Honeywell International Siemens AG Rockwell Automation Kongsberg Gruppen ASA

9. Report Description and Highlights Report Description • • • • • • • Paradigm Group B.V Pason Systems Petrolink AS Accenture PLC IBM Corporation EDG, Inc Oleumtech

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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