Digital Oilfield Market by Solution (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations, Safety Management), Application (Onshore and Offshore), and Region - Global Forecast to 2026
[293 Pages Report] The global digital oilfield market size is projected to reach USD 32.0 billion by 2026, at a CAGR of 5.6%, from an estimated USD 24.3 billion in 2021. The key drivers for the digital oilfield market include new technological advancements in oil & gas industry; increased return on investment in oil & gas industry; and growing need for maximizing production potential from mature wells.
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COVID-19 Impact on the Global Digital Oilfield Market
The market for digital oilfield is expected to witness a drop in 2020, resulting from the outbreak of COVID-19. The worldwide propagation of COVID-19 has slowed down the growth of numerous industries. The effects of the COVID-19 pandemic, including actions taken by businesses and governments to contain the spread of the virus, have resulted in a significant and swift reduction in demand for oil and gas. As of May 28, 2020, 212 countries had been impacted by the pandemic, and the governments of individual countries had ordered nationwide lockdowns. This resulted in a considerable decline in transportation and related activities, which impacted the demand for oil and gas. According to the International Energy Agency (IEA) report, the geopolitical events increased the supply of low-priced oil to the global market, and at the same time, the demand declined due to the outbreak of the pandemic, leading to a collapse in oil prices in March 2020. These events together adversely affected the demand for oil and natural gas, as well as for well intervention services and products, and have caused significant volatility in the oil prices. As of December 31, 2019, West Texas Intermediate’s (WTI) oil price was at USD 61.1, and by March 23, 2020, it was at USD 23.4, falling by more than 60.0%. As of April 2020, OPEC and other oil-producing countries had agreed to reduce oil production by 10 million bpd, which is about 23.0% of their production levels.
The effects of the pandemic have led to disruptions in digital oilfield operations, such as suspension or deferral of drilling activities; shutdown of oil and gas exploration and production by oilfield operators; and decrease in upstream capital expenditure. Oil companies such as Shell (Netherlands) and Exxon Mobil (US) are taking measures to counteract oversupply issues by delaying the construction of LNG projects. For instance, BP has witnessed a loss of USD 1 billion during the first quarter of 2020. The company is expected to reduce its annual budget approximately by a quarter, to USD 12 billion. In contrast, Shell has secured a USD 12 billion loan facility to preserve its shareholder payouts, owing to the current oil price crisis and coronavirus pandemic. Well construction and planned maintenance are witnessing severe delays and withdrawal in a few cases owing to capital discipline among oilfield operators. Hence, COVID-19 has stalled the growth of the digital oilfield market. The crisis has forced some existing production to halt because the production at low oil prices is uneconomical and does not support continued operation. Additionally, a rapid build-up of oil stocks has saturated the available storage capacity in a few parts of the world, even leading to negative prices. Several digital oilfield service providers have filed for bankruptcy protection and are undergoing a restructuring of capital assets. Besides, they have witnessed sharp declines in revenue in 2020 as compared to 2019. For instance, in 2020, Halliburton (US) reported a 55.1% decrease in its revenue, whereas Schlumberger (US), Baker Hughes (US), and Weatherford International (US) witnessed a decline of 39.5%, 15.1%, and 34.5%, respectively, in their annual revenues.
Digital Oilfield: Dynamics
Driver: Increased return on investment in oil & gas industry
Digital oilfield is a technology-centric concept that allows companies to leverage limited resources. Integrated operations in smart fields of the oil & gas industry unite operational technology (OT) with information technology (IT) to improve the decision-making process and enhance operational performance; thus, improving the RoI. It reduces downtime and the total cost of ownership (TCO) and improves the productivity of operations. Digital oilfield encompasses both tools and processes to gather data across the entire set of upstream activities. Operational technology (OT) with information technology (IT) captures data with greater frequency from all parts of the oil and gas value chain and analyzes it on a real-time basis. Thus, optimizing reservoir, well, and facility performance, which results in an increased RoI.
The oil & gas industries across countries are preparing to accelerate their investments primarily in digital technologies as they seek to double their cost-savings. Similarly, companies are subjecting their investments to far more intensive scrutiny and looking for solutions to slim down the cost-per-barrel, aid recovery rates, and reduce non-productive time to increase returns. For instance, in 2018, GE and Noble Corporation plc entered into a partnership to launch the world’s first digital drilling vessel, targeted to achieve 20.0% operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling operations.
In North America, the vast oil reserves of Western Canada including ARC Resources have multiple digital assets deployed for the exploration, development, and production of conventional oil and natural gas. At one of its large multi-well sites, the company wanted to optimize control operations and gain access to valuable production information to support business decision-making and equipment troubleshooting. The company’s optimization team deployed Rockwell Automation’s Connected Production solution using analytics software to mitigate wax build-up and reduce chemical injection on its wells. After implementing analytics, ARC Resources has reduced operational costs by approximately USD 30,000 a year per well and plans to include this as a key part of its optimization strategy. Digital oilfield technologies employed both in fields and control centers must be robust, scalable, and upgradable to handle additional wells and advances in technologies. Thus, it helps to achieve a high rate of return and ensures long-term project success for field operators and engineers.
Restraint: Data retrieval, analysis, and scarcity of quality information hampering decision-making process
The demand for operational digital oilfield solutions is increasing due to the limited fuel supply in the market, thus compelling the oil industry to adopt new and improved technologies. The collection of real-time data and its productive analysis is one of the major hurdles in the digital oilfield market. Predictive analytics condense large data making it more valuable in the digital oilfield market but knowing how to make the information cross-functional would be vital to provide useful insights to assets. Generally, a huge collection of raw data due to digitalized production facilities, such as digital wells, seismic imaging, and the deployment of ground sensors leads to the scarcity of quality information. It thus hampers the decision-making process for upstream production. Data integrity is one of the important aspects of the data analytics process. It achieves the accuracy and usefulness of analytical data results. The information collected should be able to validate data from the field as well as minimize the gaps/errors in data. This could impact the result of the analytic software and hence, the decision made by the operators. The use of various analytical tools and their operational ability makes software prone to cyberattacks as a considerable amount of data is being collected from the field.
The operator must have proper knowledge about the collection and analysis of data. The oil & gas companies must ensure that they are targeting the right data. Another necessary element is the industry’s ability to derive value from intelligent oilfield data. It helps in evaluating prior decisions to improve future operations. In Asia Pacific, governments are planning to install new technologies to monitor and analyze the sale of subsidized fuel. For instance, in Asia Pacific, an Indonesian state-owned oil and natural gas corporation, Pertamina installed real-time digital nozzles to collect and monitor data. The modern digital oilfield collects data on a real-time basis from the field. A huge amount of digital data is extracted from automation technologies such as SCADA or distributed control systems. Data retrieval and analysis is a continuous process that requires special care and an adequate skill set to make effective decisions. Thus, making it the biggest restraint for the digital oilfield market.
Opportunity: Growing demand for offshore/ultra-deep-water discoveries
The oil & gas industry is going through a phase of technological advancements in exploration technology for deepwater exploration and production activities and the commercial viability of the projects. Current advances are allowing oil companies to improve recovery and accelerate production. Offshore wells may have a different level of automation, which can range from simple one-way monitoring to complex subsurface controls with intelligent completions. Foreseeing near future opportunities, Petrobras has created a corporate program dedicated to studying, developing, and implementing digital integrated field management (GeDIg) among its production assets. Petrobras selected the Carapeba field as a pilot project. It is a mature field composed of three wells located in the northeastern part of the Campos Basin, which has installed automated subsurface sensors in the wells. Oil companies are heavily investing in command centers and remote monitoring so that operation specialists, engineers, and geoscientists do not need to travel to remote oilfields. Cross-disciplinary teams composed of geoscientists, engineers, operation managers, and financial analysts now interact through remote command centers encouraging teamwork and collaboration by solving problems faster.
The oil & gas producers are looking to deploy deepwater analytical tools while determining efficient information solutions. Operators need to upgrade the existing offshore infrastructure to completely utilize data through the analytical approach. For instance, Rockwell Automation collaborated with Schlumberger to create a production advisory system. Combining connected production technology with oil and gas software, services, and domain expertise from Schlumberger, the digital solution helps to optimize production by connecting upstream operators with critical, real-time analytics, and domain insights to reduce deployment risks and costs.
Challenge: Interoperability of multiple system components from different solution providers
Digital oilfield systems have found their way into the upstream sector of the oil & gas industry because of their effective monitoring and supervisory capabilities. In efforts to streamline and integrate dispersed assets across the oil & gas well pad, pipeline, and terminal markets, a wide range of digital oilfield solutions, which include SCADA software, flow computers, RTUs, and application and configuration software, are offered by different vendors in the oil & gas industry.
Companies operating in the upstream segment often buy and assemble components from different vendors depending upon customer requirements. This makes the market highly consumer-dominated, and as a result, no standard or generalized product can be developed by a single player. In that case, interoperability with other systems and components turns out to be a challenge for upstream operators. Most of the time, it becomes a constraint to add any alternative system, hardware, or software that is not compatible with some of the digital oilfield systems, such as the SCADA system, as it has to seamlessly integrate with the existing system for optimum results. Developments with respect to the integration of various services with each other are expected to overcome this challenge faced by oilfield operators.
By solution, the software & service solutions segment is the second largest contributor in the digital oilfield during the forecast period.
The software & service solutions segment is further categorized into IT outsourcing, software, IT services & commissioning, and CPM. The software segment includes various software solutions provided by the integrators and service providers to the oilfield operators. It is required for data exchange, data handling, seismic mapping, remote surveillance, video conferencing, and automation support, among other functionalities. IT outsourcing includes business intelligence support, knowledge support, and other data-dependent work. IT services & commissioning is carried out by external service providers who use third-party software to handle operations. The computer equipment and hardware find use in data centers, surveillance centers, and operation centers. North America and Europe held the maximum shares of the digital oilfield market.
By process, the production optimization segment is expected to be the fastest growing market during the forecast period.
The production optimization is expected to dominate the digital oilfield market during the forecast period. The oil & gas producers are currently facing intense challenges of low oil prices and an imbalance in supply and demand, combined with the slowing demand growth. The implementation of digital oilfields has become an essential tool for operators to sustain their business margins. Companies are leveraging advanced simulation and analytic tools to derive their production allocation through well-gathering network and process conditions in their surface facilities. Production allocation not only allows proper production recording and planning but also helps uncover production potential in existing assets with improved insight.
By application, the offshore segment is expected to be the second largest contributor during the forecast period.
The offshore segment accounted for a second highest share of the digital oilfield market in 2020. The companies operating in the market have been exploring offshore locations for oil and gas production owing to the fact that offshore locations have a large number of untapped reserves. Moreover, the activities in offshore oilfield environments are comparatively more complex than onshore oil and gas fields. This is why offshore applications are lower than onshore applications. The major players operating in the offshore market include Halliburton, Schlumberger, and Baker Hughes. Despite fluctuating oil prices, the application of offshore digital oilfield services is expected to rise, attributed to the increasingly deep and ultradeep water drilling and production activities and an increase in the number of maturing subsea wells. Thus, offshore activities require advanced technologies for making the offshore well conditions safer.
Europe held the largest share of the digital oilfield market in 2020.
Europe accounted for the largest share of the global digital oilfield market in 2020. The European market includes the UK, Norway, Russia, and Rest of Europe. Most of the region’s oil production is characterized by mature fields, thus, to renew the oil fields, companies are planning to increase the pace of digitalization and the use of new technologies. This, is likely to increase the digitalization of oil fields in the region. Also the European Unconventional Oil and Gas Assessment (EUGOA) study incorporates data for a total of 82 shale formations within 38 geological basins covering 21 countries of Europe. These untapped sources create opportunities for new field developments in the region, which will demand the digitalization of the oil fields.
Key Market Players
The key players profiled in this report are Halliburton (US), Schlumberger (US), Baker Hughes (US), Weatherford International (US), and NOV (US) are the leading players in the digital oilfield market. ABB (Switzerland), Emerson (US), Rockwell Automation (US), Siemens (Germany), Honeywell International (US), CGG (France), Kongsberg (Norway), and Digi International (US) and others players operating in the market are the leading players in the global digital oilfield market.
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|
Report Metric |
Details |
|
Market Size available for years |
2019–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Solution, Process, Application, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, Middle East, Africa, and South America. |
|
Companies covered |
Halliburton, Schlumberger, Baker Hughes, Weatherford International, NOV, ABB (Switzerland), Emerson (US), Rockwell Automation (US), Siemens (Germany), Honeywell International (US), CGG (France), Kongsberg (Norway), and Digi International (US) and others |
This research report categorizes the digital oilfield market based on Solution, Process, Application, and Region.
Based on the solution:
- Hardware Solutions
- Software & Service Solutions
- Data Storage Solutions
Based on the process:
- Production Optimization
- Drilling Optimization
- Reservoir Optimization
- Safety Management
- Others
Based on the application:
- Onshore
- Offshore
Based on the region:
- North America
- Asia Pacific
- Europe
- Middle East
- Africa
- South America
Recent Developments
- In November 2020, Schlumberger introduced MagniSphere, a high-definition NMR logging-while-drilling service. This new service delivers accurate, real-time producibility analysis for optimum well placement, resulting in improved production and recovery in complex reservoirs.
- In October 2020, Weatherford International launched ForeSite Sense, a comprehensive reservoir monitoring solution showing real-time information and critical downhole data that determines profit from pressure, temperature, and flow.
- In September 2019, Baker Hughes and C3.ai launched BHC3 Reliability, the first artificial intelligence (AI) software application developed by the BakerHughesC3.ai joint venture.
- In February 2020, Halliburton launched SPIDRlive, a self-powered intelligent data retriever, an unconventional well testing and fracture interaction monitoring technology that acquires real-time well data without the need for intervention to reduce costs and improve fracture understanding for greater recovery.
Frequently Asked Questions (FAQ):
What is the current market size of the digital oilfield market?
The size of the global digital oilfield is USD 20.4 billion in 2020.
What are the major drivers for the digital oilfield market?
The digital oilfield is driven by factors such as new technological advancements in oil & gas industry; increased return on investment in oil & gas industry; and growing need for maximizing production potential from mature wells.
Which region dominates during the forecasted period in the digital oilfield market?
According to the International Energy Agency, the total crude oil produced by the region in 2019 was 17.1 million barrels per day, which declined by 0.05% as compared to 2018. Moreover, new explorations and field development activities are increasing, thus increasing the opportunities for developing new fields digitally. Moreover, Europe is a leading region for offshore activities as the oil operators and oilfield service (OFS) providers are targeting the new fields and reserves from the UK and Norwegian continental shelf. For instance, Equinor, a Norwegian oil upstream operator, explored oil in the Johan Sverdrup field, which was under development, and started production in 2019. In the Johan Sverdrup, Equinor awarded a contract to Alcatel Submarine for reservoir management. Such projects create a strong market for digital oilfields in Europe.
Which is the fastest-growing solution segment during the forecasted period in the digital oilfield market?
The hardware segment is the fastest-growing during the forecasted period. The market for hardware is driven by the due to the growing need to reduce nonproductive time, which increases emphasis on such hardware components.
Who are the leading players in the global digital oilfield market?
Halliburton (US), Schlumberger (US), Baker Hughes (US), Weatherford International (US), and NOV (US) are the leading players in the digital oilfield market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 35)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 DIGITAL OILFIELD MARKET, BY SOLUTION: INCLUSIONS VS. EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 1 DIGITAL OILFIELD MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.2 PRIMARY DATA
2.3 SCOPE
2.3.1 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5 DEMAND-SIDE METRICS
FIGURE 5 MAIN METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR DIGITAL OILFIELD
2.5.1 DEMAND-SIDE CALCULATIONS
2.5.2 ASSUMPTIONS
2.5.3 SUPPLY-SIDE ANALYSIS
FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF DIGITAL OILFIELD
FIGURE 7 DIGITAL OILFIELD MARKET: SUPPLY-SIDE ANALYSIS
2.5.4 FORECAST
3 EXECUTIVE SUMMARY (Page No. - 52)
TABLE 1 DIGITAL OILFIELD MARKET SNAPSHOT
FIGURE 8 EUROPE ACCOUNTED FOR LARGEST SHARE OF DIGITAL OILFIELD MARKET IN 2020
FIGURE 9 HARDWARE SOLUTIONS SEGMENT, BY SOLUTION, TO HOLD LARGEST SHARE OF MARKET FROM 2021 TO 2026
FIGURE 10 PRODUCTION OPTIMIZATION SEGMENT, BY PROCESS, TO HOLD LARGEST SHARE OF MARKET FROM 2021 TO 2026
FIGURE 11 ONSHORE SEGMENT TO REGISTER HIGHER CAGR FROM 2021 TO 2026
4 PREMIUM INSIGHTS (Page No. - 56)
4.1 ATTRACTIVE OPPORTUNITIES IN DIGITAL OILFIELD MARKET
FIGURE 12 GROWING NEED TO ENHANCE PRODUCTION FROM MATURE OIL AND GAS FIELDS TO DRIVE GROWTH OF MARKET FROM 2021 TO 2026
4.2 MARKET IN EUROPE, BY APPLICATION AND COUNTRY
FIGURE 13 OFFSHORE SEGMENT AND NORWAY WERE LARGEST SHAREHOLDERS IN EUROPEAN MARKET IN 2020
4.3 MARKET, BY REGION
FIGURE 14 MARKET IN MIDDLE EAST TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
4.4 MARKET, BY SOLUTION
FIGURE 15 HARDWARE SOLUTIONS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2026
4.5 MARKET, BY PROCESS
FIGURE 16 PRODUCTION OPTIMIZATION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2026
4.6 MARKET, BY APPLICATION
FIGURE 17 ONSHORE SEGMENT TO HOLD LARGER SHARE OF DIGITAL OILFIELD MARKET IN 2026
5 MARKET OVERVIEW (Page No. - 59)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 18 COVID-19 GLOBAL PROPAGATION
FIGURE 19 COVID-19 PROPAGATION IN SELECT COUNTRIES
5.3 ROAD TO RECOVERY
FIGURE 20 RECOVERY ROAD FOR 2020
5.4 COVID-19 ECONOMIC ASSESSMENT
FIGURE 21 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 22 MARKET DYNAMICS: DIGITAL OILFIELD MARKET
5.5.1 DRIVERS
FIGURE 23 WORLD OIL CONSUMPTION, 2016–2020
5.5.2 RESTRAINTS
5.5.3 OPPORTUNITIES
5.5.4 CHALLENGES
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR DIGITAL OILFIELD SERVICE PROVIDERS
FIGURE 24 REVENUE SHIFT FOR DIGITAL OILFIELD
5.7 MARKET MAP
FIGURE 25 MARKET MAP FOR DIGITAL OILFIELD
5.8 SUPPLY CHAIN ANALYSIS
FIGURE 26 DIGITAL OILFIELD SUPPLY CHAIN ANALYSIS
5.8.1 KEY INFLUENCERS
5.9 TECHNOLOGY ANALYSIS
5.9.1 DIGITAL OILFIELDS BASED ON DIFFERENT TECHNOLOGIES
5.10 CASE STUDY ANALYSIS
5.10.1 PRODUCTION OPTIMIZATION
5.10.1.1 Problem statement: 2020
5.10.1.2 Solution
5.11 DIGITAL OILFIELD: CODES AND REGULATIONS
TABLE 2 DIGITAL OILFIELD: CODES AND REGULATIONS
5.12 INNOVATIONS AND PATENT REGISTRATIONS
TABLE 3 ADJACENT MARKETS: INNOVATIONS AND PATENT REGISTRATIONS, NOVEMBER 2016–MARCH 2021
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
TABLE 4 DIGITAL OILFIELD MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
6 DIGITAL OILFIELD MARKET, BY SOLUTION (Page No. - 82)
6.1 INTRODUCTION
FIGURE 28 DIGITAL OILFIELD MARKET SHARE, BY SOLUTION, 2020 (%)
TABLE 5 MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 6 MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
6.2 HARDWARE SOLUTIONS
TABLE 7 MARKET FOR HARDWARE SOLUTIONS, BY REGION, 2016–2019 (USD BILLION)
TABLE 8 MARKET FOR HARDWARE SOLUTIONS, BY REGION, 2020–2026 (USD BILLION)
6.2.1 DISTRIBUTED CONTROL SYSTEMS
6.2.2 SUPERVISORY CONTROL AND DATA ACQUISITION
6.2.3 SMART WELLS
6.2.4 SAFETY SYSTEMS
6.2.5 WIRELESS SENSORS
6.2.6 PROGRAMMABLE LOGIC CONTROLLER
6.2.7 COMPUTER EQUIPMENT & APPLICATION HARDWARE
6.2.8 PROCESS AUTOMATION MANAGER
6.2.9 HUMAN–MACHINE INTERACTION INSTRUMENT
TABLE 9 MARKET FOR HARDWARE SOLUTIONS, BY COMPONENT, 2016–2019 (USD BILLION)
TABLE 10 MARKET FOR HARDWARE SOLUTIONS, BY COMPONENT, 2020–2026 (USD BILLION)
6.3 SOFTWARE & SERVICE SOLUTIONS
TABLE 11 MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY REGION, 2016–2019 (USD BILLION)
TABLE 12 MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY REGION, 2020–2026 (USD BILLION)
6.3.1 IT OUTSOURCING
6.3.2 SOFTWARE
6.3.3 IT SERVICES & COMMISSIONING
6.3.4 COLLABORATIVE PRODUCT MANAGEMENT
TABLE 13 MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COMPONENT, 2016–2019 (USD BILLION)
TABLE 14 MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COMPONENT, 2020–2026 (USD BILLION)
6.4 DATA STORAGE SOLUTIONS
TABLE 15 MARKET FOR DATA STORAGE SOLUTIONS, BY REGION, 2016–2019 (USD BILLION)
TABLE 16 MARKET FOR DATA STORAGE SOLUTIONS, BY REGION, 2020–2026 (USD BILLION)
6.4.1 HOSTED
6.4.2 ON PREMISES
TABLE 17 MARKET FOR DATA STORAGE SOLUTIONS, BY COMPONENT, 2016–2019 (USD BILLION)
TABLE 18 MARKET FOR DATA STORAGE SOLUTIONS, BY COMPONENT, 2020–2026 (USD BILLION)
7 DIGITAL OILFIELD MARKET, BY PROCESS (Page No. - 93)
7.1 INTRODUCTION
FIGURE 29 MARKET SHARE, BY PROCESS, 2020 (%)
TABLE 19 MARKET, BY PROCESS, 2016–2019 (USD BILLION)
TABLE 20 MARKET, BY PROCESS, 2020–2026 (USD BILLION)
7.2 PRODUCTION OPTIMIZATION
7.2.1 NEED TO IMPROVE PRODUCTION EFFICIENCY IS LIKELY TO DRIVE MARKET
TABLE 21 MARKET FOR PRODUCTION OPTIMIZATION, BY REGION, 2016–2019 (USD BILLION)
TABLE 22 MARKET FOR PRODUCTION OPTIMIZATION, BY REGION, 2020–2026 (USD BILLION)
7.3 DRILLING OPTIMIZATION
7.3.1 NEED FOR REDUCED DRILLING COSTS AND OPTIMIZING DRILLING TECHNIQUES IS LIKELY TO BOOST MARKET GROWTH
TABLE 23 MARKET FOR DRILLING OPTIMIZATION, BY REGION, 2016–2019 (USD BILLION)
TABLE 24 MARKET FOR DRILLING OPTIMIZATION, BY REGION, 2020–2026 (USD BILLION)
7.4 RESERVOIR OPTIMIZATION
7.4.1 ENHANCING RESERVOIR RECOVERABILITY BY CONTINUOUS MONITORING OF VARYING RESERVOIR CONDITIONS IS LIKELY TO ENHANCE MARKET GROWTH
TABLE 25 MARKET FOR RESERVOIR OPTIMIZATION, BY REGION, 2016–2019 (USD BILLION)
TABLE 26 MARKET FOR RESERVOIR OPTIMIZATION, BY REGION, 2020–2026 (USD BILLION)
7.5 SAFETY MANAGEMENT
7.5.1 GROWING NEED TO MONITOR MAINTENANCE AND REPAIR OF EQUIPMENT OR FACILITIES IS LIKELY TO DRIVE MARKET
TABLE 27 MARKET FOR SAFETY MANAGEMENT, BY REGION, 2016–2019 (USD BILLION)
TABLE 28 MARKET FOR SAFETY MANAGEMENT, BY REGION, 2020–2026 (USD BILLION)
7.6 OTHERS
TABLE 29 MARKET FOR OTHERS, BY REGION, 2016–2019 (USD BILLION)
TABLE 30 MARKET FOR OTHERS, BY REGION, 2020–2026 (USD BILLION)
8 DIGITAL OILFIELD MARKET, BY APPLICATION (Page No. - 102)
8.1 INTRODUCTION
FIGURE 30 MARKET SHARE, BY APPLICATION, 2020 (%)
TABLE 31 MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 32 MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
8.2 ONSHORE
8.2.1 INCREASING NUMBER OF ONSHORE OIL & GAS AND MATURE FIELDS TO DRIVE GROWTH OF MARKET
TABLE 33 MARKET FOR ONSHORE APPLICATION, BY REGION, 2016–2019 (USD BILLION)
TABLE 34 MARKET FOR ONSHORE APPLICATION, BY REGION, 2020–2026 (USD BILLION)
8.3 OFFSHORE
8.3.1 GROWING DEEPWATER DRILLING AND PRODUCTION ACTIVITIES TO BOOST MARKET GROWTH
TABLE 35 MARKET FOR OFFSHORE APPLICATION, BY REGION, 2016–2019 (USD BILLION)
TABLE 36 MARKET FOR OFFSHORE APPLICATION, BY REGION, 2020–2026 (USD BILLION)
9 GEOGRAPHIC ANALYSIS (Page No. - 107)
9.1 INTRODUCTION
FIGURE 31 MARKET IN MIDDLE EAST TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
FIGURE 32 MARKET SHARE, BY REGION, 2020 (%)
TABLE 37 MARKET, BY REGION, 2016–2019 (USD BILLION)
TABLE 38 MARKET, BY REGION, 2020–2026 (USD BILLION)
9.2 EUROPE
FIGURE 33 EUROPE: MARKET SNAPSHOT, 2020
TABLE 39 EUROPE: MARKET, BY PROCESS, 2016–2019 (USD BILLION)
TABLE 40 EUROPE: MARKET, BY PROCESS, 2020–2026 (USD BILLION)
TABLE 41 EUROPE: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 42 EUROPE: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 43 EUROPE: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 44 EUROPE: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 45 EUROPE: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 46 EUROPE: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 47 EUROPE: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 48 EUROPE: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 49 EUROPE: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 50 EUROPE: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
TABLE 51 EUROPE: MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 52 EUROPE: MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
9.2.1 NORWAY
TABLE 53 NORWAY: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 54 NORWAY: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 55 NORWAY: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 56 NORWAY: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.2.2 RUSSIA
TABLE 57 RUSSIA: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 58 RUSSIA: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 59 RUSSIA: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 60 RUSSIA: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.2.3 UK
TABLE 61 UK: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 62 UK: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 63 UK: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 64 UK: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.2.4 REST OF EUROPE
TABLE 65 REST OF EUROPE: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 66 REST OF EUROPE: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 67 REST OF EUROPE: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 68 REST OF EUROPE: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.3 NORTH AMERICA
FIGURE 34 NORTH AMERICA: MARKET SNAPSHOT, 2020
TABLE 69 NORTH AMERICA: MARKET, BY PROCESS, 2016–2019 (USD BILLION)
TABLE 70 NORTH AMERICA: MARKET, BY PROCESS, 2020–2026 (USD BILLION)
TABLE 71 NORTH AMERICA: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 72 NORTH AMERICA: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 73 NORTH AMERICA: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 74 NORTH AMERICA: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 75 NORTH AMERICA: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 76 NORTH AMERICA: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 77 NORTH AMERICA: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 78 NORTH AMERICA: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 79 NORTH AMERICA: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 80 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
TABLE 81 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 82 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
9.3.1 US
TABLE 83 US: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 84 US: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 85 US: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 86 US: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.3.2 CANADA
TABLE 87 CANADA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 88 CANADA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 89 CANADA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 90 CANADA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.3.3 MEXICO
TABLE 91 MEXICO: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 92 MEXICO: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 93 MEXICO: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 94 MEXICO: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.4 ASIA PACIFIC
TABLE 95 ASIA PACIFIC: MARKET, BY PROCESS, 2016–2019 (USD BILLION)
TABLE 96 ASIA PACIFIC: MARKET, BY PROCESS, 2020–2026 (USD BILLION)
TABLE 97 ASIA PACIFIC: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 98 ASIA PACIFIC: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 99 ASIA PACIFIC: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 100 ASIA PACIFIC: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 101 ASIA PACIFIC: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 102 ASIA PACIFIC: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 103 ASIA PACIFIC: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 104 ASIA PACIFIC: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 105 ASIA PACIFIC: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 106 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
TABLE 107 ASIA PACIFIC: MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 108 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
9.4.1 CHINA
TABLE 109 CHINA: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 110 CHINA: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 111 CHINA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 112 CHINA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.4.2 MALAYSIA
TABLE 113 MALAYSIA: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 114 MALAYSIA: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 115 MALAYSIA: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 116 MALAYSIA: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.4.3 INDIA
TABLE 117 INDIA: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 118 INDIA: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 119 INDIA: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 120 INDIA: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.4.4 AUSTRALIA
TABLE 121 AUSTRALIA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 122 AUSTRALIA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 123 AUSTRALIA: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 124 AUSTRALIA: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.4.5 REST OF ASIA PACIFIC
TABLE 125 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 126 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 127 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 128 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.5 MIDDLE EAST
TABLE 129 MIDDLE EAST: MARKET, BY PROCESS, 2016–2019 (USD MILLION)
TABLE 130 MIDDLE EAST: MARKET, BY PROCESS, 2020–2026 (USD MILLION)
TABLE 131 MIDDLE EAST: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 132 MIDDLE EAST: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 133 MIDDLE EAST: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 134 MIDDLE EAST: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
TABLE 135 MIDDLE EAST: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 136 MIDDLE EAST: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 137 MIDDLE EAST: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 138 MIDDLE EAST: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 139 MIDDLE EAST: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 140 MIDDLE EAST: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
TABLE 141 MIDDLE EAST: MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 142 MIDDLE EAST: MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
9.5.1 OMAN
TABLE 143 OMAN: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 144 OMAN: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 145 OMAN: MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 146 OMAN: MARKET SIZE, BY APPLICATION, 2020–2026 (USD BILLION)
9.5.2 SAUDI ARABIA
TABLE 147 SAUDI ARABIA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 148 SAUDI ARABIA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 149 SAUDI ARABIA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 150 SAUDI ARABIA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.5.3 KUWAIT
TABLE 151 KUWAIT: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 152 KUWAIT: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 153 KUWAIT: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 154 KUWAIT: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
9.5.4 UAE
TABLE 155 UAE: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 156 UAE: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 157 UAE: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 158 UAE: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.5.5 REST OF THE MIDDLE EAST
TABLE 159 REST OF THE MIDDLE EAST: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 160 REST OF THE MIDDLE EAST: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 161 REST OF THE MIDDLE EAST: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 162 REST OF THE MIDDLE EAST: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.6 SOUTH AMERICA
TABLE 163 SOUTH AMERICA: MARKET, BY PROCESS, 2016–2019 (USD MILLION)
TABLE 164 SOUTH AMERICA: MARKET, BY PROCESS, 2020–2026 (USD MILLION)
TABLE 165 SOUTH AMERICA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 166 SOUTH AMERICA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 167 SOUTH AMERICA: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 168 SOUTH AMERICA: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 169 SOUTH AMERICA: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 170 SOUTH AMERICA: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 171 SOUTH AMERICA: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 172 SOUTH AMERICA: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 173 SOUTH AMERICA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 174 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
TABLE 175 SOUTH AMERICA: MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 176 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
9.6.1 BRAZIL
TABLE 177 BRAZIL: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 178 BRAZIL: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 179 BRAZIL: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 180 BRAZIL: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.6.2 ARGENTINA
TABLE 181 ARGENTINA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 182 ARGENTINA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 183 ARGENTINA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 184 ARGENTINA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.6.3 VENEZUELA
TABLE 185 VENEZUELA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 186 VENEZUELA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 187 VENEZUELA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 188 VENEZUELA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.6.4 REST OF SOUTH AMERICA
TABLE 189 REST OF SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 190 REST OF SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 191 REST OF SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 192 REST OF SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.7 AFRICA
TABLE 193 AFRICA: MARKET, BY PROCESS, 2016–2019 (USD MILLION)
TABLE 194 AFRICA: MARKET, BY PROCESS, 2020–2026 (USD MILLION)
TABLE 195 AFRICA: MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
TABLE 196 AFRICA: MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
TABLE 197 AFRICA: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 198 AFRICA: MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 199 AFRICA: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 200 AFRICA: MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 201 AFRICA: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
TABLE 202 AFRICA: MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
TABLE 203 AFRICA: MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
TABLE 204 AFRICA: MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
TABLE 205 AFRICA: MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
TABLE 206 AFRICA: MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
9.7.1 NIGERIA
TABLE 207 NIGERIA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 208 NIGERIA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 209 NIGERIA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 210 NIGERIA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.7.2 ANGOLA
TABLE 211 ANGOLA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 212 ANGOLA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 213 ANGOLA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 214 ANGOLA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
9.7.3 REST OF AFRICA
TABLE 215 REST OF AFRICA: MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
TABLE 216 REST OF AFRICA: MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
TABLE 217 REST OF AFRICA: MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 218 REST OF AFRICA: MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 179)
10.1 KEY PLAYERS’ STRATEGIES
TABLE 219 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, JANUARY 2018–JULY 2021
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
TABLE 220 DIGITAL OILFIELD MARKET: DEGREE OF COMPETITION
FIGURE 35 DIGITAL OILFIELD MARKET SHARE ANALYSIS, 2020
10.3 MARKET EVALUATION FRAMEWORK
TABLE 221 MARKET EVALUATION FRAMEWORK
10.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
FIGURE 36 TOP FIVE PLAYERS IN DIGITAL OILFIELD MARKET FROM 2016 TO 2020
10.5 COMPANY EVALUATION QUADRANT
10.5.1 STAR
10.5.2 EMERGING LEADER
10.5.3 PERVASIVE
10.5.4 PARTICIPANT
FIGURE 37 COMPETITIVE LEADERSHIP MAPPING: DIGITAL OILFIELD MARKET, 2020
TABLE 222 PROCESS FOOTPRINT OF COMPANIES
TABLE 223 SOLUTION FOOTPRINT OF COMPANIES
TABLE 224 REGIONAL FOOTPRINT OF COMPANIES
TABLE 225 OVERALL FOOTPRINT OF COMPANIES
10.6 COMPETITIVE SCENARIO
TABLE 226 DIGITAL OILFIELD MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2018–JULY 2021
TABLE 227 DIGITAL OILFIELD MARKET: DEALS, JANUARY 2018–JULY 2021
TABLE 228 DIGITAL OILFIELD MARKET: OTHERS, JANUARY 2018–JULY 2020
11 COMPANY PROFILES (Page No. - 194)
(Business overview, Products offered, Recent Developments, MNM view)*
11.1 KEY COMPANIES
11.1.1 SCHLUMBERGER
TABLE 229 SCHLUMBERGER: BUSINESS OVERVIEW
FIGURE 38 SCHLUMBERGER: COMPANY SNAPSHOT
TABLE 230 SCHLUMBERGER: PRODUCTS/SERVICES OFFERED
TABLE 231 SCHLUMBERGER: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 232 SCHLUMBERGER: DEALS
TABLE 233 SCHLUMBERGER: OTHERS
11.1.2 WEATHERFORD INTERNATIONAL
TABLE 234 WEATHERFORD INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 39 WEATHERFORD INTERNATIONAL: COMPANY SNAPSHOT
TABLE 235 WEATHERFORD INTERNATIONAL: PRODUCTS/SERVICES OFFERED
TABLE 236 WEATHERFORD INTERNATIONAL: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 237 WEATHERFORD INTERNATIONAL: OTHERS
11.1.3 BAKER HUGHES
TABLE 238 BAKER HUGHES: BUSINESS OVERVIEW
FIGURE 40 BAKER HUGHES: COMPANY SNAPSHOT
TABLE 239 BAKER HUGHES: PRODUCTS/SERVICES OFFERED
TABLE 240 BAKER HUGHES: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 241 BAKER HUGHES: OTHERS
TABLE 242 BAKER HUGHES: DEALS
11.1.4 HALLIBURTON
TABLE 243 HALLIBURTON: BUSINESS OVERVIEW
FIGURE 41 HALLIBURTON: COMPANY SNAPSHOT
TABLE 244 HALLIBURTON: PRODUCTS/SERVICES OFFERED
TABLE 245 HALLIBURTON: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 246 HALLIBURTON: DEALS
TABLE 247 HALLIBURTON: OTHERS
11.1.5 NOV
TABLE 248 NOV: BUSINESS OVERVIEW
FIGURE 42 NOV: COMPANY SNAPSHOT
TABLE 249 NOV: PRODUCTS/SERVICES OFFERED
TABLE 250 NOV: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 251 NOV: OTHERS
TABLE 252 NOV: DEALS
11.1.6 ABB
TABLE 253 ABB: BUSINESS OVERVIEW
FIGURE 43 ABB: COMPANY SNAPSHOT
TABLE 254 ABB: PRODUCTS/SERVICES OFFERED
TABLE 255 ABB: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 256 ABB: DEALS
TABLE 257 ABB: OTHERS
11.1.7 EMERSON
TABLE 258 EMERSON: BUSINESS OVERVIEW
FIGURE 44 EMERSON: COMPANY SNAPSHOT
TABLE 259 EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 260 EMERSON: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 261 EMERSON: DEALS
TABLE 262 EMERSON: OTHERS
11.1.8 ROCKWELL AUTOMATION
TABLE 263 ROCKWELL AUTOMATION: BUSINESS OVERVIEW
FIGURE 45 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 264 ROCKWELL AUTOMATION: PRODUCTS/SERVICES OFFERED
TABLE 265 ROCKWELL AUTOMATION: DEALS
11.1.9 SIEMENS
TABLE 266 SIEMENS: BUSINESS OVERVIEW
FIGURE 46 SIEMENS: COMPANY SNAPSHOT
TABLE 267 SIEMENS: PRODUCTS/SERVICES OFFERED
TABLE 268 SIEMENS: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 269 SIEMENS: DEALS
11.1.10 HONEYWELL INTERNATIONAL
TABLE 270 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 47 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
TABLE 271 HONEYWELL INTERNATIONAL: PRODUCTS/SERVICES OFFERED
TABLE 272 HONEYWELL INTERNATIONAL: DEALS
TABLE 273 HONEYWELL INTERNATIONAL: OTHERS
11.1.11 KONGSBERG
TABLE 274 KONGSBERG: BUSINESS OVERVIEW
FIGURE 48 KONGSBERG: COMPANY SNAPSHOT
TABLE 275 KONGSBERG: PRODUCTS/SERVICES OFFERED
TABLE 276 KONGSBERG: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 277 KONGSBERG: DEALS
TABLE 278 KONGSBERG: OTHERS
11.1.12 CGG
TABLE 279 CGG: BUSINESS OVERVIEW
FIGURE 49 CGG: COMPANY SNAPSHOT
TABLE 280 CGG: PRODUCTS/SERVICES OFFERED
TABLE 281 CGG: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 282 CGG: DEALS
TABLE 283 CGG: OTHERS
11.1.13 DIGI INTERNATIONAL
TABLE 284 DIGI INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 50 DIGI INTERNATIONAL: COMPANY SNAPSHOT
TABLE 285 DIGI INTERNATIONAL: PRODUCTS/SERVICES OFFERED
TABLE 286 DIGI INTERNATIONAL: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 287 DIGI INTERNATIONAL: DEALS
11.1.14 PASON
TABLE 288 PASON: BUSINESS OVERVIEW
FIGURE 51 PASON: COMPANY SNAPSHOT
TABLE 289 PASON: PRODUCTS/SERVICES OFFERED
TABLE 290 PASON: DEALS
11.1.15 REDLINE
TABLE 291 REDLINE: BUSINESS OVERVIEW
FIGURE 52 REDLINE: COMPANY SNAPSHOT
TABLE 292 REDLINE: PRODUCTS/SERVICES OFFERED
TABLE 293 REDLINE: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 294 REDLINE: DEALS
11.1.16 EDG
TABLE 295 EDG: COMPANY OVERVIEW
TABLE 296 EDG: PRODUCTS/SERVICES OFFERED
11.1.17 OLEUMTECH
TABLE 297 OLEUMTECH: COMPANY OVERVIEW
TABLE 298 OLEUMTECH: PRODUCTS/SERVICES OFFERED
TABLE 299 OLEUMTECH: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 300 OLEUMTECH: DEALS
11.1.18 PETROLINK
TABLE 301 PETROLINK: COMPANY OVERVIEW
TABLE 302 PETROLINK: PRODUCTS/SERVICES OFFERED
TABLE 303 PETROLINK: PRODUCT LAUNCHES AND DEVELOPMENTS
11.1.19 KATALYST
TABLE 304 KATALYST: COMPANY OVERVIEW
TABLE 305 KATALYST: PRODUCTS/SERVICES OFFERED
TABLE 306 KATALYST: OTHERS
11.1.20 IBM
TABLE 307 IBM: COMPANY OVERVIEW
FIGURE 53 IBM: COMPANY SNAPSHOT
TABLE 308 IBM: PRODUCTS/SERVICES OFFERED
TABLE 309 IBM: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 310 IBM: DEALS
TABLE 311 IBM: OTHERS
11.1.21 ACCENTURE
TABLE 312 ACCENTURE: COMPANY OVERVIEW
FIGURE 54 ACCENTURE: COMPANY SNAPSHOT
TABLE 313 ACCENTURE: PRODUCTS/SERVICES OFFERED
TABLE 314 ACCENTURE: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 315 ACCENTURE: OTHERS
TABLE 316 ACCENTURE: DEALS
11.1.22 ORACLE
TABLE 317 ORACLE: COMPANY OVERVIEW
FIGURE 55 ORACLE: COMPANY SNAPSHOT
TABLE 318 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.23 INTEL
TABLE 319 INTEL: COMPANY OVERVIEW
FIGURE 56 INTEL: COMPANY SNAPSHOT
TABLE 320 INTEL: PRODUCTS/SERVICES OFFERED
TABLE 321 INTEL: DEALS
11.1.24 MICROSOFT
TABLE 322 MICROSOFT: COMPANY OVERVIEW
FIGURE 57 MICROSOFT: COMPANY SNAPSHOT
TABLE 323 MICROSOFT: PRODUCTS/SERVICES OFFERED
TABLE 324 MICROSOFT: DEALS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 285)
12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
This study involved four major activities in estimating the current market size for digital oilfield. Exhaustive secondary research was done to collect information on the market and the peer market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and subsegments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, World Bank, US DOE, IEA, to identify and collect information useful for a technical, market-oriented, and commercial study of the global digital oilfield market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The digital oilfield market comprises several stakeholders, such as public and private electric utilities, distribution companies, digital oilfield manufacturers, dealers, and suppliers, digital oilfield component manufacturers, energy & power sector consulting companies and others. The demand side of this market is characterized by estimating the total number of oilfields, share of digitalized oilfields, and average price of digitalizing an oilfields. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global digital oilfield market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Digital Oilfield Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, digital oilfield market, based on solution, process, and
- To provide detailed information on the major factors influencing the growth of the digital oilfield market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the digital oilfield market with respect to individual growth trends, prospects, and contribution of each segment to the market
- To analyze the impact of COVID-19 on the digital oilfield market for the estimation of the market size
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the digital oilfield market with respect to the major regions (Asia Pacific, Europe, North America, South America, Middle East, and Africa)
- To strategically profile key players and comprehensively analyze their market share and core competencies
- To track and analyze competitive developments, such as new product launches, contracts & agreements, investments & expansions, and mergers & acquisitions, in the digital oilfield market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Digital Oilfield Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
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Growth opportunities and latent adjacency in Digital Oilfield Market