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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1349923

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1349923

Digital Oilfield Market, By Solution, By Process, By Service, By Application, By End User, By Technology, By Component, By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

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The global digital oilfield market size was valued at US$ 26.31 billion in 2023 and is expected to expand at a CAGR of 8.8% during the forecast period, reaching US$ 47.48 billion by 2030.

Report Coverage Report Details
Base Year: 2022 Market Size in 2023: US$ 26.31 Bn
Historical Data for: 2018 to 2021 Forecast Period: 2023 - 2030
Forecast Period 2023 to 2030 CAGR: 8.80% 2030 Value Projection: US$ 47.48 Bn
Digital Oilfield Market - IMG1

The purpose of digital or smart oilfield solutions is straightforward: to optimize production, improve operational efficiency, and increase productivity through integrated workflows. Using a combination of emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), augmented reality, mobile connectivity and the cloud, the digital oilfield promises to help operators gather, analyze and react in real-time to production-related information in the field.

Market Dynamics:

Technological advancements, efficiency and optimization, safety improvements & decreasing production costs are major factors expected to drive growth of the global digital oilfield market during the forecast period.

However, high initial investment costs, cybersecurity concerns, integration challenges with legacy systems, lack of skilled workforce & regulatory and compliance issues are expected to hamper the growth of the global digital oilfield market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global digital oilfield market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global digital oilfield market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Schlumberger, Halliburton, Baker Hughes (a GE company), Weatherford, Siemens, Rockwell Automation, Honeywell, Kongsberg Gruppen, Emerson, Pason Systems
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global digital oilfield market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital oilfield market.

Detailed Segmentation:

  • Global Digital Oilfield Market, By Solution:
    • Hardware Solutions
    • Software Solutions
    • Data Storage Solutions
  • Global Digital Oilfield Market, By Process:
    • Production Optimization
    • Reservoir Optimization
    • Drilling Optimization
    • Well Completion and Maintenance
  • Global Digital Oilfield Market, By Service:
    • Consulting and Design
    • Integration and Deployment
    • Monitoring and Maintenance
  • Global Digital Oilfield Market, By Application:
    • Onshore
    • Offshore
  • Global Digital Oilfield Market, By End User:
    • Independent Operators
    • National Oil Companies (NOCs)
    • International Oil Companies (IOCs)
  • Global Digital Oilfield Market, By Technology:
    • Internet of Things (IoT)
    • Artificial Intelligence and Machine Learning
    • Advanced Analytics
    • Robotics and Automation
    • Cloud and Edge Computing
    • Wireless Communication
    • Other Emerging Technologies
  • Global Digital Oilfield Market, By Component:
    • Instruments and Automation
    • IT Infrastructure
    • Software Systems and Applications
  • Global Digital Oilfield Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles:
    • Schlumberger
    • Halliburton
    • Baker Hughes (a GE company)
    • Weatherford
    • Siemens
    • Rockwell Automation
    • Honeywell
    • Kongsberg Gruppen
    • Emerson
    • Pason Systems
Product Code: CMI6159

Table of Contents:

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snapshot, By Solution
    • Market Snapshot, By Process
    • Market Snapshot, By Service
    • Market Snapshot, By Application
    • Market Snapshot, By End User
    • Market Snapshot, By Technology
    • Market Snapshot, By Component
    • Market Snapshot, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Efficiency and Optimization, Safety Improvements & Decreasing Production Costs
    • High initial investment costs, Cybersecurity concerns, Integration challenges with legacy systems
    • Technological Advancements
  • Impact Analysis
  • Key Highlights
  • Regulatory Scenario
  • Product launch/Approvals
  • PEST Analysis
  • PORTER's Analysis
  • Merger and Acquisition Scenario

4. Global Digital Oilfield Market - Impact of Coronavirus (COVID-19) Pandemic

  • COVID-19 Epidemiology
  • Supply Side and Demand Side Analysis
  • Economic Impact

5. Global Digital Oilfield Market, By Solution, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • Hardware Solutions
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Software Solutions
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Data Storage Solutions
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

6. Global Digital Oilfield Market, By Process, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • Production Optimization
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Reservoir Optimization
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Drilling Optimization
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Well Completion and Maintenance
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

7. Global Digital Oilfield Market, By Service, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • Consulting and Design
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Integration and Deployment
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Monitoring and Maintenance
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

8. Global Digital Oilfield Market, By Application, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • Onshore
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Offshore
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

9. Global Digital Oilfield Market, By End User, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • Independent Operators
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • National Oil Companies (NOCs)
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • International Oil Companies (IOCs)
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

10. Global Digital Oilfield Market, By Technology, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • Internet of Things (IoT)
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Artificial Intelligence and Machine Learning
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Advanced Analytics
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Robotics and Automation
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Cloud and Edge Computing
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Wireless Communication
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Other Emerging Technologies
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

11. Global Digital Oilfield Market, By Component, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • Instruments and Automation
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • IT Infrastructure
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
  • Software Systems and Applications
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)

12. Global Digital Oilfield Market, By Region, 2023-2030, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2018 - 2030
    • Segment Trends
  • North America
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, By Solution, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Process, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Service, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Technology, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Bn)
  • Europe
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, By Solution, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Process, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Service, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Technology, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Bn)
  • Asia Pacific
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, By Solution, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Process, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Service, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Technology, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Bn)
  • Latin America
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, By Solution, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Process, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Service, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Technology, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Bn)
  • Middle East & Africa
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, By Solution, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Process, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Service, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Technology, 2023-2030,(US$ Bn)
    • Market Size and Forecast, and Y-o-Y Growth, By Component, 2023-2030,(US$ Bn)

13. Competitive Landscape

  • Schlumberger
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Halliburton
  • Baker Hughes (a GE company)
  • Weatherford
  • Siemens
  • Rockwell Automation
  • Honeywell
  • Kongsberg Gruppen
  • Emerson
  • Pason Systems
  • Analyst Views

14. Section

  • Research Methodology
  • About us
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Manager - Americas

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