HOME Top Market Reports Digital Oilfield Market by Services (Automation & Instrumentation: DCS, SCADA, PLC, Smart Well & CPM, IT Services: Outsourcing, Equipment & Software), by Processes (Reservoir, Production & Drilling Optimizations) & by Region - Global Forecast to 2020

Digital Oilfield Market by Services (Automation & Instrumentation: DCS, SCADA, PLC, Smart Well & CPM, IT Services: Outsourcing, Equipment & Software), by Processes (Reservoir, Production & Drilling Optimizations) & by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: EP 2720

 

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Digital Oilfield (DOF) is building collaboration between various processes in the oil & gas sector. This enables better monitoring, surveillance and control over the processes in oil exploration and production. Global DOF market is expected to reach USD 30.78 Billion by 2020 growing at a CAGR of 4.31% from 2015 to 2020. Market estimation for the digital oilfield market is done with 2013 as historical year, 2014 as the base year, 2015 as estimate and forecast till 2020. The report covers market segmented by various processes, services, and regions. In the process segment, production optimization is expected to lead the market during the forecast period driven by the demand from oilfield operators aiming low cost crude production.

DOF market valuation for various segments was arrived by using regional rig data, DOF implementations in various geographies and planned investments of operators and service providers. Finally, the global values were arrived at by consolidation of markets for individual regions. Industry experts were also contacted for validating the key findings of the report, in order to estimate the market appropriately. The individual responses and the viewpoints were carefully studied and incorporated in the report. The market numbers are also validated by top-down and bottom-up estimation approaches. In top-down approach, regional and the segmental markets are derived from the parent market considering the share of the segments. On the other hand, in bottom up approach individual segment/regional markets are added to get the final parent market

DOF solutions have been majorly implemented for various processes such as production optimization, drilling optimization, and reservoir optimization. Investments in the individual processes are subjected to the prevailing oil prices. Presently, crude oil prices are below USD 50/barrel reducing the global drilling activities by more than 20% from 2014. This decline has led the operators to target production optimization segment for efficient and economic crude recovery. Moreover, the overall CAPEX for oilfield development has significantly declined driving the operators towards mature oil fields. Oil prices are expected to stabilize at USD 60-70/barrel by 2018 reviving higher growth rates post the year.

Digital Oilfield Market

Digital Oilfield Market

Digital oilfield market caters to various stakeholders such as various oilfield operators, oilfield service providers, drilling operators, exploration companies, government & research organisations, energy associations, private equity investors, and environment research institutes.

Scope Of The Report

The report segments the market on the basis of process, service, and regions markets.

  • By Process
    • Production Optimization
    • Drilling Optimization
    • Reservoir optimization
    • Others (including asset management, safety management, and maintenance & repair)
  • By service
    • Instrumentation and automation
      • Distributed Control System
      • SCADA
      • Smart Well
      • Safety Systems
      • Wireless sensor
      • PLC
      • CPM
      • Others
    • IT Expenditure
      • IT outsourcing
      • Software
      • IT services & commissioning
      • Computer Equipment + Application Hardware
  • Region
    • North America
    • Europe
    • Asia-Pacific
    • Middle East
    • South America
    • Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the client's specific needs. The following customization options are available for the report:

  • Regional Analysis
    • Further breakdown of region/country-specific analysis
  • Company Information
    • Detailed analysis and profiling of additional market players (Up to 5)
    • Product Benchmarking for companies operating in the market

Table of Content

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definitions
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Introduction
    2.2 Market Size Estimation
    2.3 Breakdown of Primary Interviews
           2.3.1 Market Breakdown & Data Triangulation
    2.4 Market Share Estimation
           2.4.1 Key Data From Secondary Sources
           2.4.2 Key Data From Primary Sources
           2.4.3 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Growth Opportunities in the DOF Drives Market
    4.2 By Services
    4.3 DOF Market in the Middle East Region, 2014
    4.4 Europe is the Largest Market for DOF and the Middle East has the Highest Growth Rate From 2015 to 2020
    4.5 Production Optimization Market is Expected to Grow at the Highest CAGR During the Forecast Period

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Service
           5.2.2 By Process
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Production Optimization
                    5.3.1.2 Producing Oil From Mature Oilfield
           5.3.2 Restraints
                    5.3.2.1 Oil Price Volatility
           5.3.3 Opportunity
                    5.3.3.1 Integration With Advanced Hardware and Software Solutions
           5.3.4 Challenge
                    5.3.4.1 Data Security
    5.4 Value Chain Analysis
    5.5 Industry Trends
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of New Entrants
                    5.6.1.1 Focus onInorganic Growth Strategies
                    5.6.1.2 High Investments in R&D
           5.6.2 Threat of Substitutes
                    5.6.2.1 No Substitute Available
           5.6.3 Bargaining Power of Suppliers
                    5.6.3.1 Large Pool of Suppliers Offering Similar Products
           5.6.4 Bargaining Power of Buyers
                    5.6.4.1 Low Product Differentiation
           5.6.5 Intensity of Rivalry
                    5.6.5.1 Less Number of Players Dominate the Market

6 Digital Oilfield Market By Process (Page No. - 48)
    6.1 Introduction
    6.2 Production Optimization
    6.3 Drilling Optimization
    6.4 Reservoir Optimization
    6.5 Others Processes

7 Digital Oilfield Market By Service (Page No. - 55)
    7.1 Introduction
    7.2 Instrumentation & Automation
    7.3 It Expenditure

8 Digital Oilfield Market, By Region (Page No. - 61)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Norway
           8.3.2 U.K.
           8.3.3 Russia
           8.3.4 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Malaysia
           8.4.3 India
           8.4.4 Australia
           8.4.5 Rest of Asia-Pacific
    8.5 Middle East
           8.5.1 Oman
           8.5.2 Saudi Arabia
           8.5.3 Kuwait
           8.5.4 UAE
           8.5.5 Rest of the Middle East
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Venezuela
           8.6.4 Rest of South America
    8.7 Africa
           8.7.1 Nigeria
           8.7.2 Angola
           8.7.3 Rest of Africa

9 Competitive Landscape (Page No. - 93)
    9.1 Overview
    9.2 Competitive Situation & Trends
    9.3 Contracts & Agreements
    9.4 New Product Launches
    9.5 Mergers & Acquisitions
    9.6 Expansions
    9.7 Partnerships
    9.8 Other Developments

10 Company Profiles (Page No. - 105)
     10.1 Introduction
     10.2 Schlumberger Limited
             10.2.1 Business Overview
             10.2.2 Products and Services Offered
             10.2.3 Recent Developments, 2011-2015
             10.2.4 SWOT Analysis
             10.2.5 MnM View
     10.3 Halliburton Company
             10.3.1 Business Overview
             10.3.2 Products and Services Offered
             10.3.3 Recent Developments, 2011-2015
             10.3.4 SWOT Analysis
             10.3.5 MnM View
     10.4 Baker Hughes Incorporated
             10.4.1 Business Overview
             10.4.2 Products and Services Offered
             10.4.3 Recent Developments, 2011-2015
             10.4.4 SWOT Analysis
             10.4.5 MnM View
     10.5 National Oilwell Varco, Inc.
             10.5.1 Business Overview
             10.5.2 Products and Services Offered
             10.5.3 Recent Developments, 2011-2015
             10.5.4 SWOT Analysis
             10.5.5 MnM View
     10.6 Weatherford International PLC
             10.6.1 Business Overview
             10.6.2 Products and Services Offered
             10.6.3 Recent Developments, 2011-2015
             10.6.4 SWOT Analysis
             10.6.5 MnM View
     10.7 Paradigm Limited
             10.7.1 Introduction
             10.7.2 Product/Services Portfolio
             10.7.3 Recent Developments, 2012-2015
             10.7.4 SWOT Analysis
             10.7.5 MnM View
     10.8 IHS Inc.
             10.8.1 Business Overview
             10.8.2 Product/Service Portfolio
             10.8.3 Developments, 2011-2015
             10.8.4 SWOT Analysis
             10.8.5 MnM View
     10.9 Pointcross Inc.
             10.9.1 Business Overview
             10.9.2 Product/Service Portfolio
             10.9.3 Developments, 2012
             10.9.4 SWOT Analysis
             10.9.5 MnM View
     10.10 Katalyst Data Management
             10.10.1 Business Overview
             10.10.2 Service Portfolio
             10.10.3 Developments, 2013-2015
             10.10.4 SWOT Analysis
             10.10.5 MnM View
     10.11 Ovation Data Services, Inc.
             10.11.1 Business Overview
             10.11.2 Product/Service Portfolio
             10.11.3 Developments, 2012-2014
             10.11.4 SWOT Analysis
             10.11.5 MnM View
     10.12 CGG S.A.
             10.12.1 Business Overview
             10.12.2 Products and Services Offered
             10.12.3 Recent Developments, 2011-2015
     10.13 DIGI International Inc.
             10.13.1 Business Overview
             10.13.2 Products and Services Offered
             10.13.3 Recent Developments, 2011-2015
     10.14 Honeywell International Inc.
             10.14.1 Business Overview
             10.14.2 Products and Services Offered
             10.14.3 Recent Developments, 2011-2015
     10.15 Kongsberg Gruppen Asa
             10.15.1 Business Overview
             10.15.2 Products and Services Offered
             10.15.3 Recent Developments, 2011-2015
     10.16 Pason Systems Inc.
             10.16.1 Business Overview
             10.16.2 Products and Services Offered
             10.16.3 Recent Developments, 2011-2015
     10.17 Redline Communications Group Inc.
             10.17.1 Business Overview
             10.17.2 Products and Services Offered
             10.17.3 Recent Developments, 2011-2015
     10.18 Rockwell Automation, Inc.
             10.18.1 Business Overview
             10.18.2 Products and Services Offered
             10.18.3 Recent Developments, 2011-2015
     10.19 Siemens AG
             10.19.1 Business Overview
             10.19.2 Products and Services Offered
             10.19.3 Recent Developments, 2011-2015
     10.20 EDG, Inc.
             10.20.1 Business Overview
             10.20.2 Products and Services Offered
             10.20.3 Recent Developments, 2011-2015
     10.21 Oleumtech Corporation
             10.21.1 Business Overview
             10.21.2 Products and Services Offered
             10.21.3 Recent Developments, 2011-2015

11 Appendix (Page No. - 174)
     11.1 Insights of the Industry Experts
     11.2 Discussion Guide
     11.3 Other Developments, 2011-2014
     11.4 Available Customizations
     11.5 Introducing RT: Real-Time Market Intelligence
     11.6 Related Reports


List of Tables (82 Tables)

Table 1 Industrialization & Urbanization are the Driving Forces of the Market
Table 2 Increase in Energy Cost is the Major Restraining Force of the Market
Table 3 Integration With Advanced Software and Harware is Expected to Improve the Efficacy of DOF Solutions
Table 4 Protecting Data From External Threats is Expected to Be A Major Challenge Faced By DOF Users
Table 5 Digital Oilfield Market Size, By Process, 2013-2020 (USD Billion)
Table 6 Production Optimization Market Size, By Region, 2013-2020 (USD Billion)
Table 7 Drilling Optimization Market Size, By Region, 2013-2020 (USD Billion)
Table 8 Reservoir Optimization Market Size, By Region, 2013-2020 (USD Billion)
Table 9 Other Processes Market Size, By Region, 2013-2020 (USD Billion)
Table 10 Digital Oilfield Market Size, By Services, 2013-2020 (USD Billion)
Table 11 Instrumentation & Automation Market Size, By Component,     2013-2020 (USD Billion)
Table 12 Instrumentation & Automation Market Size, By Region,    2013-2020 (USD Billion)
Table 13 It Expenditure Market Size, By Component, 2013-2020 (USD Billion)
Table 14 It Expenditure Market Size, By Region, 2013-2020 (USD Billion)
Table 15 Digital Oilfield Market Size, By Region, 2013–2020 (USD Billion)
Table 16 North America: Digital Oilfield Market Size, By Country, 2013–2020 (USD Billion)
Table 17 North America: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 18 North America: Instrumentation & Automation Market Size, By Country,    2013-2020 (USD Billion)
Table 19 North America: It Expenditure Market Size, By Country,    2013-2020 (USD Billion)
Table 20 North America: Digital Oilfield Market Size, By Process,    2013-2020 (USD Billion)
Table 21 U.S.: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 22 Canada: Digital Oilfiled Market Size, By Service, 2013–2020 (USD Billion)
Table 23 Mexico: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 24 Europe: Digital Oilfield Market Size, By Country, 2013–2020 (USD Billion)
Table 25 Europe: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 26 Europe: Instrumentation & Automation Market Size, By Country,    2013-2020 (USD Billion)
Table 27 Europe: It Expenditure Market Size, By Country, 2013-2020 (USD Billion)
Table 28 Europe: Digital Oilfield Market Size, By Process, 2013-2020 (USD Billion)
Table 29 Norway: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 30 U.K.: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 31 Russia: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 32 Rest of Europe: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 33 Asia-Pacific: Digital Oilfield Market Size, By Country, 2013–2020 (USD Billion)
Table 34 Asia-Pacific: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 35 Asia-Pacific: Instrumentation & Automation Market Size, By Country,    2013-2020 (USD Billion)
Table 36 Asia-Pacific: It Expenditure Market Size, By Country,    2013-2020 (USD Billion)
Table 37 Asia-Pacific: Digital Oilfield Market Size, By Process, 2013-2020 (USD Billion)
Table 38 China: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 39 Malaysia: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 40 India: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 41 Australia: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 42 Rest of Asia-Pacific: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 43 Middle East: Digital Oilfield Market Size, By Country, 2013–2020 (USD Billion)
Table 44 Middle East: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 45 Middle East: Instrumentation & Automation Market Size, By Country,    2013-2020 (USD Billion)
Table 46 Middle East: It Expenditure Market Size, By Country,    2013-2020 (USD Billion)
Table 47 Middle East: Digital Oilfield Market Size, By Process,    2013-2020 (USD Billion)
Table 48 Oman: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 49 Saudi Arabia: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 50 Kuwait: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 51 UAE: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 52 Rest of Middle East: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 53 South America: Digital Oilfield Market Size, By Country, 2013–2020 (USD Billion)
Table 54 South America: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 55 South America: Instrumentation & Automation Market Size, By Country,    2013-2020 (USD Billion)
Table 56 South America: It Expenditure Market Size, By Country,    2013-2020 (USD Billion)
Table 57 South America: Digital Oilfield Market Size, By Process,    2013-2020 (USD Billion)
Table 58 Brazil: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 59 Argentina: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 60 Venezuela: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 61 Rest of South America: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 62 Africa: Digital Oilfield Market Size, By Country, 2013–2020 (USD Billion)
Table 63 Africa : Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 64 Africa: Instrumentation & Automation Market Size, By Country,    2013-2020 (USD Billion)
Table 65 Africa: It Expenditure Market Size, By Country, 2013-2020 (USD Billion)
Table 66 Africa: Digital Oilfield Market Size, By Process,2013-2020 (USD Billion)
Table 67 Nigeria: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 68 Angola: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 69 Rest of Africa: Digital Oilfield Market Size, By Service, 2013–2020 (USD Billion)
Table 70 Contracts & Agreements, 2011-2015
Table 71 New Product Launches, 2011-2015
Table 72 Mergers & Acquisitions, 2011-2015
Table 73 Expansions, 2011-2015
Table 74 Partnerships, 2011-2015
Table 75 Joint Ventures & Strategic Alliances, 2011-2015
Table 76 Services Portfolio
Table 77 Products Portfolio
Table 78 Mergers & Acquisitions
Table 79 Contracts & Agreements
Table 80 Expansions
Table 81 Joint Ventures/ Partnerships
Table 82 New Product Development


List of Figures (72 Figures)

Figure 1 Digital Oilfield Market: Research Design
Figure 2 Market Size Estimation Methodology: Top-Down Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Data Triangulation Methodology
Figure 6 Production Optimization is Expected to Dominate the Modular Substation Market During the Forecast Period
Figure 7 Software Held the Largest Share in It Expenditure Segment
Figure 8 Instrumentation and Automation to Dominate the Market During the Forecast Period
Figure 9 Middle East is Expected Be the Fastest Growing Market
Figure 10 Instrumentation and Automation to Witness the Highest CAGR During the Forecast Period
Figure 11 Asia-Pacific Accounted for the Largest Market Share in Modular Substation Market in 2014
Figure 12 DOF Market Growth Opportunities, 2015-2020
Figure 13 Instrumentation & Automation Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 Saudi Arabia is Estimated to Be the Fastest Growing Market in the Middle East
Figure 15 The Middle East & North America Market for DOF is Expected to Exhibit Highest Growth During the Forecast Period
Figure 16 Market for Production Optimization is Expected to Grow Faster Than Other Process Segments, 2015-2020
Figure 17 Technological Developments for DOF Solutions
Figure 18 Digital Oilfield Market Segmentation: By Service
Figure 19 Digital Oilfield Market Segmentation: By Process
Figure 20 Digital Oilfield Market Segmentation: By Region
Figure 21 Modernization of Existing Power Infrastructure and Industrialization to Propel Market Growth
Figure 22 Oil Price Decline
Figure 23 Value Chain Analysis: Major Value is Added During Manufacturing and Assembling
Figure 24 Digital Oilfield Solutions Adoption Areas (2015)
Figure 25 Digital Oilfield – Marketing & Promotional Strategies
Figure 26 Porter’s Five Forces Analysis: Intensity of Rivalry is High in the Digital Oilfields Market
Figure 27 Production Optimization to Have the Largest Share
Figure 28 Middle East to Grow at the Highest CAGR
Figure 29 Reservoir Optimization Market, 2015-2020
Figure 30 Instrumentation & Automation to Have the Largest Share By 2020
Figure 31 DCS to Lead the Instrumentation & Automation Market During the Forecast Period
Figure 32 North America and Middle East Offer High Growth Opportunities
Figure 33 Regional Snapshot (2015-2020): Middle East is Emerging as A New Hot Spot
Figure 34 Digital Oilfield Market Size, By Region, 2015–2020 (USD Billion)
Figure 35 North America: Digital Oilfield Market Overview
Figure 36 Middle East Digital Oilfield Market Overview
Figure 37 Companies Adopted Various Growth Strategies During 2011 to 2015
Figure 38 Battle for Market Share: Contracts & Agreements is the Key Strategy Adopted By the Top Players, 2011-2015
Figure 39 Market Share Analysis: Schlumberger Held the Major Market Share (Value) in 2014
Figure 40 Market Leaders Based onDevelopments, 2011-2015
Figure 41 Market Evolution Framework: Contracts & Agreements has Led to Market Growth, 2011-2015
Figure 42 Geographic Mix of the Top Players
Figure 43 Schlumberger Limited: Company Snapshot
Figure 44 Schlumberger Limited: SWOT Analysis
Figure 45 Halliburton Company: Company Snapshot
Figure 46 Halliburton Company: SWOT Analysis
Figure 47 Baker Hughes Incorporated: Company Snapshot
Figure 48 Baker Hughes Incorporated: SWOT Analysis
Figure 49 National Oilwell Varco, Inc.: Company Snapshot
Figure 50 National Oilwell Varco, Inc.: SWOT Analysis
Figure 51 Weatherford International PLC: Company Snapshot
Figure 52 Weatherford International PLC: SWOT Analysis
Figure 53 Paradigm Limited: Company Snapshot
Figure 54 Paradigm Limited: SWOT Analysis
Figure 55 IHS Inc.: Company Snapshot
Figure 56 IHS Inc.:SWOT Analysis
Figure 57 Pointcross Inc.: Company Snapshot
Figure 58 Pointcross Inc.:SWOT Analysis
Figure 59 Katalyst Data Management: Company Snapshot
Figure 60 Katalyst Data Management:SWOT Analysis
Figure 61 Ovation Data Services, Inc.: Company Snapshot
Figure 62 Ovation Data Services, Inc.:SWOT Analysis
Figure 63 CGG S.A.: Company Snapshot
Figure 64 DIGI International Inc.: Company Snapshot
Figure 65 Honeywell International Inc.: Company Snapshot
Figure 66 Kongsberg Gruppen Asa: Company Snapshot
Figure 67 Pason Systems Inc.: Company Snapshot
Figure 68 Redline Communications Group Inc.: Company Snapshot
Figure 69 Rockwell Automation, Inc: Company Snapshot
Figure 70 Siemens AG: Company Snapshot
Figure 71 EDG, Inc.: Company Snapshot
Figure 72 Oleumtech Corporation: Company Snapshot

Digital oilfield market is expected to reach USD 30.78 Billion by 2020 growing at a CAGR of 4.31% from 2015 to 2020. The growth of the market is attributed to the competition in the oil & gas industry for the market share, resulting in production focused solutions being implemented in the mature and newly developed fields. Currently, fiscal oil present in the global market exceeds the demand this is the major reason for oil price slump. This decline has impacted the CAPEX for field development. Therefore, the target is solely on efficient and economic recovery of crude.

Among the various processes for which DOF solutions are employed, production optimization is expected to be the largest market. The segment is also expected to have the highest CAGR, due to increased investments for optimizing production levels worldwide. Operators have plans to implement these solutions in some of the highest producing fields. Thus, these factors are expected to drive the market of production optimization followed by reservoir optimization.

Automation & Instrumentation is the largest segment among the services offered as a part of DOF solutions. The market is also expected to have the highest growth from 2015 to 2020, owing to the increased demand for automated oilfield processes and reducing human capital in the industry. Companies are currently reducing human dependency in the industry to sustain the low profit environment.

Europe is expected to be the largest market for digital oilfield solutions during the forecast period. However, the market is expected to have a low CAGR because most of region’s production comes from offshore oilfields. After the oil prices declined below USD 60/ barrel in early 2015, the region witnessed 55% decline in rig count compared to the rig count for 2007. The market has some of the leading operators such as BP (U.K.), Statoil ASA (Norway) and Royal Dutch Shell (The Netherlands).

Digital Oilfield Market

Oil price volatility is expected to be the major restraint for the DOF market. Declining oil prices have impacted the profits of the oil & gas companies. From drilling operators to oilfield service companies, the slump has reduced profits of every player in the industry, thereby restricting them from investing in the R&D activities and new optimized solutions. The oil prices are expected to hit USD 60-70/barrel by the end of 2018. This will improve profit margins of the players and the industry is likely to witness surge in the demand for process optimizing solutions.

Available Customizations Title

Client Consult Problem Statement :

MNMs Client, One of the leading Tier 1 companies engaged MnM to understand current & futuristic market scenario for digital oil field market. To provide a detailed analysis of Global DOF market encompassing Competitor assessment and Customer analysis, Product mapping and Market sizing. The objectives can be further elaborated as follows:

  • Analyze the Competitive Landscape for Digital oilfield market– Product, Business
  • Assessment of Customers – Segmentation, Product Perception Mapping
  • Analyze the market from supply to demand side to identify the gaps and understand the client DOF products positioning
  • Estimation/forecasting of market size segmented by major BHI geographies, type of operation, competitors and customers
  • Identify the various modes of Marketing Communications

Solution Provided:
  1. Methodology Adopted by MnM : MnM carried out this study through a combination of Exten....
  1. Methodology Adopted by MnM : MnM carried out this study through a combination of Extensive secondary research is backed up by multiple primary interviews done with various industry experts and stakeholders within target geographies. In order to study and analyse the DOF industry across various segments namely ‘Drilling and Evaluation, Completion and Production, Reservoir Development & Modelling’ MnM team undertook in depth study of available literature, and relevant websites which publish news and related articles on oil & gas industry. Also capture DOF implemented field for all the targeted geography. To develop a deep understanding of customer requirement, we have conducted survey polls across many oil & gas exploration and production companies. The aim of the poll was to determine the customer perception on product capabilities of different competitors within each segment of DOF solutions. In addition to this, MnM team has conducted multiple successful telephonic interviews with key opinion industry leaders that include C-Level executives to understand their perception of the current level of DOF technologies and solutions. By conducting detailed and informative primary discussions within these respondent categories across various functions, MnM analyzed current & forecast quantitative market information, and developed deep-dive qualitative insights into industry trends & dynamics across each of the target regions.
  2. Actual Solution Provided: -
    • Most relevant competitors by product line, type of jobs/operations, client geographies and customer segments
    • Complete competitive intelligence on product capabilities, various services offered, point of parity/differentiation
    • Product gap in the market and compare the most relevant product parameters/features with client DOF solutions
    • Competitors marketing communications/promotional strategy
    • Analyse attractiveness of major regions to identify the growth markets for future investment opportunities
    • The target customers segmented by applications and geographies and other critical parameters
    • The gaps between the customer need (demand) and what is available in the market (supply)

Value Delivered:

After going through detailed market analysis and end-use scenario developed by MnM, its client was able to understand the gap between the demand and supply and was able to assess intrinsic market insights for its advanced product offerings. The granular set of information and recommendations shared by MnM assisted the client target customer and geography which resulted in its business expansion and revenue growth. MnM also developed valuable information for client to help understand the presence of competitors in the different geography.

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Client Customization Problem Statement : Competitive Intelligence/ Benchmarking for Global Digital Oil Field

Solution Provided:
MnM's client needed beyond the insights into report for Capex info of key DOF providers and list of potential customers....
MnM's client needed beyond the insights into report for Capex info of key DOF providers and list of potential customers
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Client Customization Problem Statement : Market Sizing/ Forecasting for Global Digital Oil Field

Solution Provided:
Client was interested to have all market tables delivered in XL format....
Client was interested to have all market tables delivered in XL format
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Client Consult Problem Statement : MnM’s client was interested to assess the Global market potential associated Valve in the application areas Oil and Gas, Energy and Power, Mining and Others. Client wanted us to suggest them upon which application, size and type of valve to concentrate upon. The client’s objective was to expand his business for which he wanted MnM’s suggestion upon what kind of firm to Acquire, Merge or partner to concentrate for their geographical expansion.

Solution Provided:

1. Methodology Adopted by MnM:

MNM engineered the market for valve on the basis....

1. Methodology Adopted by MnM:

MNM engineered the market for valve on the basis of application (Oil and Gas, Energy and Power, Mining and Others), size (1/2”-4”, 4”-8”, 8”-12”, 12”-16”) and type of valve (Gate, Ball, Globe, Check, Control and Others). Further the valves were graphically represented on the basis of parameters market potential and Market Growth. These parameters further had sub parameters on the basis of which they were drawn. Each kind of valve was mapped by type, size and application in four quadrants of the graph, each quadrant specified the level of strategies importance of valve.

Extensive Primary research was conducted, including floating questionnaire and expert interviews. Together with this secondary research was also performed to meet client’s requirements.

2. Actual Solution Provided:

Through this study, MnM analyzed potential of different type of valves with respect to type, size and application. Utilizing this we suggested the clients upon which valve to focus for their business. We also provided client with a list of machining and valve manufacturing companies mostly form U.S. through which client could expand its operations by Acquisition/Joint Venture. A detailed analysis of these companies was also presented by studying various parameters (Product portfolio, geographical reach, Country policy, willingness and other)

Also a list of potential customers was also supplied to clients who were interested in procuring the Bharat Forge’s offering with respected to different valve types. Buyer behavior analysis was also presented.

Value Delivered:

MnM’s client was able to understand the future potential of valves and demand for these products. It helped the client to formulate strategy upon how to penetrate in the valve market and attain geographical expansion.

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