Global Digital Oilfield Market 2024-2028

Description

List of Tables

The digital oilfield market is forecasted to grow by USD 11.51 bn during 2023-2028, accelerating at a CAGR of 6.17% during the forecast period. 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhancing efficiency of oilfields through remote monitoring and controlling, shifting upstream exploration and production operations to remote areas, and rising demand for energy in oil and gas sector.

Technavio's digital oilfield market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.81%
CAGR	6.17%
Incremental Value	$11.51bn

By Solution

Hardware
Software
Service

By Application

Onshore
Offshore

By Geographical Landscape

North America
Middle East and Africa
Europe
APAC
South America

This study identifies the integration of iot and sensor technology for real-time tracking of operations as one of the prime reasons driving the digital oilfield market growth during the next few years. Also, impact of big data analytics for reservoir modeling, simulation, and prediction and emergence of 4D seismic survey technology in oil and gas industry will lead to sizable demand in the market.

The report on the digital oilfield market covers the following areas:

Digital oilfield market sizing
Digital oilfield market forecast
Digital oilfield market industry analysis

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., Cisco Systems Inc., Cognizant Technology Solutions Corp., Detechtion Technologies, Emerson Electric Co., General Electric Co., Hitachi Ltd., Honeywell International Inc., Kongsberg Gruppen ASA, MicroSeismic Inc., Moxa Inc., Pason Systems Inc., Petrolink International Ltd., Rockwell Automation Inc., Schlumberger Ltd., Siemens AG, Aviat Networks Inc., Halliburton Co., Infosys Ltd., 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.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43923

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global digital oilfield market 2018 - 2022
4.2 Solution Segment Analysis 2018 - 2022
4.3 Application Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Solution

6.1 Market segments
6.2 Comparison by Solution
6.3 Hardware - Market size and forecast 2023-2028
6.4 Software - Market size and forecast 2023-2028
6.5 Service - Market size and forecast 2023-2028
6.6 Market opportunity by Solution

7 Market Segmentation by Application

7.1 Market segments
7.2 Comparison by Application
7.3 Onshore - Market size and forecast 2023-2028
7.4 Offshore - Market size and forecast 2023-2028
7.5 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Middle East and Africa - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 APAC - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 Russia - Market size and forecast 2023-2028
9.10 Saudi Arabia - Market size and forecast 2023-2028
9.11 Canada - Market size and forecast 2023-2028
9.12 China - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 ABB Ltd.
12.4 Cisco Systems Inc.
12.5 Cognizant Technology Solutions Corp.
12.6 Detechtion Technologies
12.7 Emerson Electric Co.
12.8 General Electric Co.
12.9 Halliburton Co.
12.10 Honeywell International Inc.
12.11 Infosys Ltd.
12.12 Kongsberg Gruppen ASA
12.13 MicroSeismic Inc.
12.14 Rockwell Automation Inc.
12.15 Schlumberger Ltd.
12.16 Siemens AG
12.17 Weatherford International Plc

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations