Digital Oilfield Market, By Solution, By Process, By Service, By Application, By End User, By Technology, By Component, By Geography

Description

Global digital oilfield market size is expected to be valued at US$ 26.31 Bn in 2023 and is expected to expand at a CAGR of 8.8% during the forecast period, reaching US$ 52.48 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

Figure 1. Global Digital Oilfield Market Share (%), By Region, 2023

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$ Million) 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:

By Solution:
- Hardware Solutions
- Software Solutions
- Data Storage Solutions
By Process:
- Production Optimization
- Reservoir Optimization
- Drilling Optimization
- Well Completion and Maintenance
By Service:
- Consulting and Design
- Integration and Deployment
- Monitoring and Maintenance
By Application:
- Onshore
- Offshore
By End User:
- Independent Operators
- National Oil Companies (NOCs)
- International Oil Companies (IOCs)
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
By Component:
- Instruments and Automation
- IT Infrastructure
- Software Systems and Applications
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

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

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

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Efficiency improvements 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 Launches/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)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
U.S.
Canada
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)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Germany
U.K
Spain
France
Italy
Russia
Rest of Europe
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)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
India
China
Japan
Australia
ASEAN
South Korea
Rest of Asia Pacific
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)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
- 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)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa

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