July 19, 2024

Digital Oilfield Market Size to Hit Around US$ 54.4 billion by 2030

The global digital oilfield market size is projected to reach US$ 54.4 billion by 2030, registering a CAGR of 7.08% during the forecast period from 2022 to 2030.

Digital Oilfield Market

Precedence Research a new report on digital oilfield market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global digital oilfield market size was valued at US$ 29.45 billion in 2021. The global digital oilfield market is projected to reach US$ 54.4 billion by 2030, registering a compound annual growth rate (CAGR) of 7.08% during the forecast period from 2022 to 2030.

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The global digital oilfield market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per digital oilfield, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Digital Oilfield Market Report Scope 

Report Coverage Details
Market Size by 2030 USD 54.5 Billion
Growth Rate from 2022 to 2030 CAGR of 7.08%
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Process, Solution, Application, Geography

The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

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Some of the prominent players in the digital oilfield market include:
  • Schlumberger
  • Halliburton
  • Weatherford International
  • ABB
  • Emerson
  • CGG
  • Siemens
  • Rockwell Automation
  • Kongsberg
Digital Oilfield Market Segmentation

By Process

  • Drilling Optimization
  • Reservoir Production
  • Production Optimization
  • Safety Management
  • Others

By Solution

  • Hardware
  • Software
  • Data Storage
  • Others

By Application

  • Onshore
  • Offshore

By Technology

  • IoT
  • Advance Analytics
  • Robotics
  • Cloud Computing
  • Mobility
  • Others

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Key Questions are

  • What are the key factors influencing the digital oilfield market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2022 and 2030?
  • What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Research Objectives and Research Approach

The comprehensive report on the global digital oilfield market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global digital oilfield market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global digital oilfield market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.

Why should you invest in this report?

If you are aiming to enter the global digital oilfield market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for digital oilfield are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Digital Oilfield Market 

5.1. COVID-19 Landscape: Digital Oilfield Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Digital Oilfield Market, By Process

8.1. Digital Oilfield Market, by Process Type, 2022-2030

8.1.1. Drilling Optimization

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Reservoir Production

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Production Optimization

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Safety Management

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Digital Oilfield Market, By Solution

9.1. Digital Oilfield Market, by Solution, 2022-2030

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Data Storage

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Digital Oilfield Market, By Application Type 

10.1. Digital Oilfield Market, by Application Type, 2022-2030

10.1.1. Onshore

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Offshore

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Digital Oilfield Market, By Technology Type 

11.1. Digital Oilfield Market, by Technology Type, 2022-2030

11.1.1. IoT

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Advance Analytics

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Robotics

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Cloud Computing

11.1.4.1. Market Revenue and Forecast (2017-2030)

11.1.5. Mobility

11.1.5.1. Market Revenue and Forecast (2017-2030)

11.1.6. Others

11.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Digital Oilfield Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Process (2017-2030)

12.1.2. Market Revenue and Forecast, by Solution (2017-2030)

12.1.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.1.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Process (2017-2030)

12.1.5.2. Market Revenue and Forecast, by Solution (2017-2030)

12.1.5.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.1.5.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Process (2017-2030)

12.1.6.2. Market Revenue and Forecast, by Solution (2017-2030)

12.1.6.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.1.6.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Process (2017-2030)

12.2.2. Market Revenue and Forecast, by Solution (2017-2030)

12.2.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.2.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Process (2017-2030)

12.2.5.2. Market Revenue and Forecast, by Solution (2017-2030)

12.2.5.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.2.5.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Process (2017-2030)

12.2.6.2. Market Revenue and Forecast, by Solution (2017-2030)

12.2.6.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.2.6.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Process (2017-2030)

12.2.7.2. Market Revenue and Forecast, by Solution (2017-2030)

12.2.7.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.2.7.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Process (2017-2030)

12.2.8.2. Market Revenue and Forecast, by Solution (2017-2030)

12.2.8.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.2.8.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Process (2017-2030)

12.3.2. Market Revenue and Forecast, by Solution (2017-2030)

12.3.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.3.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Process (2017-2030)

12.3.5.2. Market Revenue and Forecast, by Solution (2017-2030)

12.3.5.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.3.5.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Process (2017-2030)

12.3.6.2. Market Revenue and Forecast, by Solution (2017-2030)

12.3.6.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.3.6.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Process (2017-2030)

12.3.7.2. Market Revenue and Forecast, by Solution (2017-2030)

12.3.7.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.3.7.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Process (2017-2030)

12.3.8.2. Market Revenue and Forecast, by Solution (2017-2030)

12.3.8.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.3.8.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Process (2017-2030)

12.4.2. Market Revenue and Forecast, by Solution (2017-2030)

12.4.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.4.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Process (2017-2030)

12.4.5.2. Market Revenue and Forecast, by Solution (2017-2030)

12.4.5.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.4.5.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Process (2017-2030)

12.4.6.2. Market Revenue and Forecast, by Solution (2017-2030)

12.4.6.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.4.6.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Process (2017-2030)

12.4.7.2. Market Revenue and Forecast, by Solution (2017-2030)

12.4.7.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.4.7.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Process (2017-2030)

12.4.8.2. Market Revenue and Forecast, by Solution (2017-2030)

12.4.8.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.4.8.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Process (2017-2030)

12.5.2. Market Revenue and Forecast, by Solution (2017-2030)

12.5.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.5.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Process (2017-2030)

12.5.5.2. Market Revenue and Forecast, by Solution (2017-2030)

12.5.5.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.5.5.4. Market Revenue and Forecast, by Technology Type (2017-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Process (2017-2030)

12.5.6.2. Market Revenue and Forecast, by Solution (2017-2030)

12.5.6.3. Market Revenue and Forecast, by Application Type (2017-2030)

12.5.6.4. Market Revenue and Forecast, by Technology Type (2017-2030)

Chapter 13. Company Profiles

13.1. Schlumberger

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Halliburton

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Weatherford International

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. ABB

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Emerson

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. CGG

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Siemens

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Rockwell Automation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Kongsberg

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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