Digital Oilfield Market

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

Report Code: EP 2720 Aug, 2021, by marketsandmarkets.com

[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.

Digital Oilfield Market

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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 hardware solutions segment is the largest contributor in the digital oilfield during the forecast period.

The hardware solutions segment is estimated to lead the digital oilfield market during the forecast period. The hardware solutions segment includes distributed control systems (DCS), supervisory control and data acquisition (SCADA), smart wells, safety systems, wireless sensors, programmable logic controller (PLC), computer equipment & application hardware, process automation manager, and human-machine interaction instrument, which is responsible for surveillance and communication data transfer in both onshore and offshore fields. The market for hardware solutions segment is driven by the the growing need to reduce nonproductive time, which increases emphasis on such hardware components offered by this segment. Europe is estimated to hold the largest share of the digital oilfield market, followed by North America because of the growing need for reducing manual intervention and rising demand for big data management are expected to drive the market for digital oilfield market.

By process, the production optimization segment is expected to be the largest market for digital oilfield during the forecast period.

The production optimization held the largest share of the digital oilfield market, by process in 2020. The growth of the production optimization segment is driven by the need to improve production efficiency. 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. The market for the production optimization in Europe is expected to grow at the 5.8% CAGR during the forecast period.

By application, the onshore segment is expected to be the largest contributor during the forecast period.

The onshore segment held the largest share of the digital oilfield market, by application in 2020. Increasing number of onshore oil & gas and mature fields is expected to drive the market. The onshore environments in regions such as North America and Europe have witnessed a technology-driven revolution, which focuses on efficiency enhancements, reduction in nonproductive drilling activity time, and improvements in health, safety, and environment (HSE) aspects during drilling. As per the Baker Hughes’ International Rig Count, in 2018, the average number of onshore operating rotary rigs, globally, was 1,972 compared to 220 offshore rigs in the same year. The increasing production activities and reduction in nonproductive time are expected to drive the market for the onshore segment at the highest rate during the forecast period.

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 scope of the European market includes the UK, Norway, Russia, and the Rest of Europe. The Rest of Europe includes Denmark, Italy, and Germany, among others. 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. As per the BP Statistical Review 2020, Russia and Norway held approximately 72.2% of the total oil reserves in the European region in 2019. As per the EIA, countries such as Russia, France, Ukraine, and Poland have considerable shale gas resources, and further development of these reserves in these countries is expected to drive the growth of the digital oilfield market in the region. According to Baker Hughes’ Worldwide Rig Count report for March 2019, the rig count in the European region had observed a consistent growth from the last six months. This growth trend creates opportunities for the digitalization of more oil fields in the region. Also, the rising Brent prices and the demand for the Brent basket are driving the digitalization of oil fields in Europe. Digitalization helps in creating an accurate analysis of the data, thus decreasing the time of production from the wells.

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. The European Union has also revised its offshore regulatory regime and incorporated new regulations on the safety of oil and gas operations. According to the new regulations, the oil & gas companies are mandated to submit a special report before commencing any offshore drilling operations in the region on the major possible hazards that their operations may have on the environment.

Digital Oilfield Market  by Region

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.  

Scope of the report

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.

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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 DIGITAL OILFIELD MARKET FROM 2021 TO 2026
    FIGURE 10 PRODUCTION OPTIMIZATION SEGMENT, BY PROCESS, TO HOLD LARGEST SHARE OF DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET FROM 2021 TO 2026
    4.2 DIGITAL OILFIELD MARKET IN EUROPE, BY APPLICATION  AND COUNTRY
           FIGURE 13 OFFSHORE SEGMENT AND NORWAY WERE LARGEST SHAREHOLDERS IN EUROPEAN DIGITAL OILFIELD MARKET IN 2020
    4.3 DIGITAL OILFIELD MARKET, BY REGION
           FIGURE 14 DIGITAL OILFIELD MARKET IN MIDDLE EAST TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
    4.4 DIGITAL OILFIELD MARKET, BY SOLUTION
           FIGURE 15 HARDWARE SOLUTIONS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF DIGITAL OILFIELD MARKET IN 2026
    4.5 DIGITAL OILFIELD MARKET, BY PROCESS
           FIGURE 16 PRODUCTION OPTIMIZATION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF DIGITAL OILFIELD MARKET IN 2026
    4.6 DIGITAL OILFIELD 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 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
           TABLE 6 DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
    6.2 HARDWARE SOLUTIONS
           TABLE 7 DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY REGION,  2016–2019 (USD BILLION)
           TABLE 8 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COMPONENT,  2016–2019 (USD BILLION)
                    TABLE 10 DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COMPONENT,  2020–2026 (USD BILLION)
    6.3 SOFTWARE & SERVICE SOLUTIONS
           TABLE 11 DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY REGION,  2016–2019 (USD BILLION)
           TABLE 12 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COMPONENT, 2016–2019 (USD BILLION)
                    TABLE 14 DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COMPONENT, 2020–2026 (USD BILLION)
    6.4 DATA STORAGE SOLUTIONS
           TABLE 15 DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY REGION,  2016–2019 (USD BILLION)
           TABLE 16 DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY REGION,  2020–2026 (USD BILLION)
           6.4.1 HOSTED
           6.4.2 ON PREMISES
                    TABLE 17 DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COMPONENT,  2016–2019 (USD BILLION)
                    TABLE 18 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET SHARE, BY PROCESS, 2020 (%)
           TABLE 19 DIGITAL OILFIELD MARKET, BY PROCESS, 2016–2019 (USD BILLION)
           TABLE 20 DIGITAL OILFIELD MARKET, BY PROCESS, 2020–2026 (USD BILLION)
    7.2 PRODUCTION OPTIMIZATION
           7.2.1 NEED TO IMPROVE PRODUCTION EFFICIENCY IS LIKELY TO DRIVE DIGITAL OILFIELD MARKET
                    TABLE 21 DIGITAL OILFIELD MARKET FOR PRODUCTION OPTIMIZATION, BY REGION,  2016–2019 (USD BILLION)
                    TABLE 22 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET FOR DRILLING OPTIMIZATION, BY REGION,  2016–2019 (USD BILLION)
                    TABLE 24 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET FOR RESERVOIR OPTIMIZATION, BY REGION,  2016–2019 (USD BILLION)
                    TABLE 26 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET FOR SAFETY MANAGEMENT, BY REGION,  2016–2019 (USD BILLION)
                    TABLE 28 DIGITAL OILFIELD MARKET FOR SAFETY MANAGEMENT, BY REGION,  2020–2026 (USD BILLION)
    7.6 OTHERS
           TABLE 29 DIGITAL OILFIELD MARKET FOR OTHERS, BY REGION, 2016–2019 (USD BILLION)
           TABLE 30 DIGITAL OILFIELD MARKET FOR OTHERS, BY REGION, 2020–2026 (USD BILLION)

8 DIGITAL OILFIELD MARKET, BY APPLICATION (Page No. - 102)
    8.1 INTRODUCTION
           FIGURE 30 DIGITAL OILFIELD MARKET SHARE, BY APPLICATION, 2020 (%)
           TABLE 31 DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
           TABLE 32 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET
                    TABLE 33 DIGITAL OILFIELD MARKET FOR ONSHORE APPLICATION, BY REGION,  2016–2019 (USD BILLION)
                    TABLE 34 DIGITAL OILFIELD 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 DIGITAL OILFIELD MARKET FOR OFFSHORE APPLICATION, BY REGION,  2016–2019 (USD BILLION)
                    TABLE 36 DIGITAL OILFIELD MARKET FOR OFFSHORE APPLICATION, BY REGION,  2020–2026 (USD BILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 107)
    9.1 INTRODUCTION
           FIGURE 31 DIGITAL OILFIELD MARKET IN MIDDLE EAST TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
           FIGURE 32 DIGITAL OILFIELD MARKET SHARE, BY REGION, 2020 (%)
           TABLE 37 DIGITAL OILFIELD MARKET, BY REGION, 2016–2019 (USD BILLION)
           TABLE 38 DIGITAL OILFIELD MARKET, BY REGION, 2020–2026 (USD BILLION)
    9.2 EUROPE
           FIGURE 33 EUROPE: DIGITAL OILFIELD MARKET SNAPSHOT, 2020
           TABLE 39 EUROPE: DIGITAL OILFIELD MARKET, BY PROCESS, 2016–2019 (USD BILLION)
           TABLE 40 EUROPE: DIGITAL OILFIELD MARKET, BY PROCESS, 2020–2026 (USD BILLION)
           TABLE 41 EUROPE: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
           TABLE 42 EUROPE: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
           TABLE 43 EUROPE: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY,  2016–2019 (USD BILLION)
           TABLE 44 EUROPE: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY,  2020–2026 (USD BILLION)
           TABLE 45 EUROPE: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 46 EUROPE: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2020–2026 (USD BILLION)
           TABLE 47 EUROPE: DIGITAL OILFIELD 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: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
           TABLE 50 EUROPE: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           TABLE 51 EUROPE: DIGITAL OILFIELD MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 52 EUROPE: DIGITAL OILFIELD MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
           9.2.1 NORWAY
                    TABLE 53 NORWAY: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 54 NORWAY: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 55 NORWAY: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 56 NORWAY: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           9.2.2 RUSSIA
                    TABLE 57 RUSSIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 58 RUSSIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 59 RUSSIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 60 RUSSIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           9.2.3 UK
                    TABLE 61 UK: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 62 UK: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 63 UK: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 64 UK: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.2.4 REST OF EUROPE
                    TABLE 65 REST OF EUROPE: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 66 REST OF EUROPE: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 67 REST OF EUROPE: DIGITAL OILFIELD MARKET, BY APPLICATION,  2016–2019 (USD BILLION)
                    TABLE 68 REST OF EUROPE: DIGITAL OILFIELD MARKET, BY APPLICATION,  2020–2026 (USD BILLION)
    9.3 NORTH AMERICA
           FIGURE 34 NORTH AMERICA: DIGITAL OILFIELD MARKET SNAPSHOT, 2020
           TABLE 69 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY PROCESS, 2016–2019 (USD BILLION)
           TABLE 70 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY PROCESS, 2020–2026 (USD BILLION)
           TABLE 71 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
           TABLE 72 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
           TABLE 73 NORTH AMERICA: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 74 NORTH AMERICA: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
           TABLE 75 NORTH AMERICA: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 76 NORTH AMERICA: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2020–2026 (USD BILLION)
           TABLE 77 NORTH AMERICA: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS,  BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 78 NORTH AMERICA: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS,  BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 79 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY APPLICATION,  2016–2019 (USD BILLION)
           TABLE 80 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY APPLICATION,  2020–2026 (USD BILLION)
           TABLE 81 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 82 NORTH AMERICA: DIGITAL OILFIELD MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
           9.3.1 US
                    TABLE 83 US: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 84 US: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 85 US: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 86 US: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           9.3.2 CANADA
                    TABLE 87 CANADA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 88 CANADA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 89 CANADA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 90 CANADA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.3.3 MEXICO
                    TABLE 91 MEXICO: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 92 MEXICO: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 93 MEXICO: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 94 MEXICO: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
    9.4 ASIA PACIFIC
           TABLE 95 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY PROCESS, 2016–2019 (USD BILLION)
           TABLE 96 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY PROCESS, 2020–2026 (USD BILLION)
           TABLE 97 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
           TABLE 98 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
           TABLE 99 ASIA PACIFIC: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 100 ASIA PACIFIC: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
           TABLE 101 ASIA PACIFIC: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 102 ASIA PACIFIC: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2020–2026 (USD BILLION)
           TABLE 103 ASIA PACIFIC: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 104 ASIA PACIFIC: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 105 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
           TABLE 106 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           TABLE 107 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 108 ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
           9.4.1 CHINA
                    TABLE 109 CHINA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 110 CHINA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 111 CHINA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 112 CHINA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.4.2 MALAYSIA
                    TABLE 113 MALAYSIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 114 MALAYSIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 115 MALAYSIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 116 MALAYSIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           9.4.3 INDIA
                    TABLE 117 INDIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
                    TABLE 118 INDIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
                    TABLE 119 INDIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 120 INDIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           9.4.4 AUSTRALIA
                    TABLE 121 AUSTRALIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 122 AUSTRALIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 123 AUSTRALIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 124 AUSTRALIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           9.4.5 REST OF ASIA PACIFIC
                    TABLE 125 REST OF ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY SOLUTION,  2016–2019 (USD BILLION)
                    TABLE 126 REST OF ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY SOLUTION,  2020–2026 (USD BILLION)
                    TABLE 127 REST OF ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY APPLICATION,  2016–2019 (USD BILLION)
                    TABLE 128 REST OF ASIA PACIFIC: DIGITAL OILFIELD MARKET, BY APPLICATION,  2020–2026 (USD BILLION)
    9.5 MIDDLE EAST
           TABLE 129 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY PROCESS, 2016–2019 (USD MILLION)
           TABLE 130 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY PROCESS, 2020–2026 (USD MILLION)
           TABLE 131 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
           TABLE 132 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
           TABLE 133 MIDDLE EAST: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 134 MIDDLE EAST: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD BILLION)
           TABLE 135 MIDDLE EAST: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 136 MIDDLE EAST: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 137 MIDDLE EAST: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 138 MIDDLE EAST: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 139 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
           TABLE 140 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           TABLE 141 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 142 MIDDLE EAST: DIGITAL OILFIELD MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
           9.5.1 OMAN
                    TABLE 143 OMAN: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 144 OMAN: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 145 OMAN: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 146 OMAN: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2026 (USD BILLION)
           9.5.2 SAUDI ARABIA
                    TABLE 147 SAUDI ARABIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 148 SAUDI ARABIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 149 SAUDI ARABIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 150 SAUDI ARABIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.5.3 KUWAIT
                    TABLE 151 KUWAIT: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 152 KUWAIT: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 153 KUWAIT: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
                    TABLE 154 KUWAIT: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           9.5.4 UAE
                    TABLE 155 UAE: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 156 UAE: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 157 UAE: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 158 UAE: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.5.5 REST OF THE MIDDLE EAST
                    TABLE 159 REST OF THE MIDDLE EAST: DIGITAL OILFIELD MARKET, BY SOLUTION,  2016–2019 (USD MILLION)
                    TABLE 160 REST OF THE MIDDLE EAST: DIGITAL OILFIELD MARKET, BY SOLUTION,  2020–2026 (USD MILLION)
                    TABLE 161 REST OF THE MIDDLE EAST: DIGITAL OILFIELD MARKET, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 162 REST OF THE MIDDLE EAST: DIGITAL OILFIELD MARKET, BY APPLICATION,  2020–2026 (USD MILLION)
    9.6 SOUTH AMERICA
           TABLE 163 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY PROCESS, 2016–2019 (USD MILLION)
           TABLE 164 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY PROCESS, 2020–2026 (USD MILLION)
           TABLE 165 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
           TABLE 166 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
           TABLE 167 SOUTH AMERICA: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 168 SOUTH AMERICA: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 169 SOUTH AMERICA: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 170 SOUTH AMERICA: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS,  BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 171 SOUTH AMERICA: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS,  BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 172 SOUTH AMERICA: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS,  BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 173 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY APPLICATION,  2016–2019 (USD MILLION)
           TABLE 174 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY APPLICATION,  2020–2026 (USD MILLION)
           TABLE 175 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 176 SOUTH AMERICA: DIGITAL OILFIELD MARKET, BY COUNTRY, 2020–2026 (USD MILLION)
           9.6.1 BRAZIL
                    TABLE 177 BRAZIL: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 178 BRAZIL: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 179 BRAZIL: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 180 BRAZIL: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.6.2 ARGENTINA
                    TABLE 181 ARGENTINA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 182 ARGENTINA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 183 ARGENTINA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 184 ARGENTINA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.6.3 VENEZUELA
                    TABLE 185 VENEZUELA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 186 VENEZUELA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 187 VENEZUELA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 188 VENEZUELA: DIGITAL OILFIELD 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: DIGITAL OILFIELD MARKET, BY PROCESS, 2016–2019 (USD MILLION)
           TABLE 194 AFRICA: DIGITAL OILFIELD MARKET, BY PROCESS, 2020–2026 (USD MILLION)
           TABLE 195 AFRICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD BILLION)
           TABLE 196 AFRICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD BILLION)
           TABLE 197 AFRICA: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY,  2016–2019 (USD MILLION)
           TABLE 198 AFRICA: DIGITAL OILFIELD MARKET FOR HARDWARE SOLUTIONS, BY COUNTRY,  2020–2026 (USD MILLION)
           TABLE 199 AFRICA: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 200 AFRICA: DIGITAL OILFIELD MARKET FOR SOFTWARE & SERVICE SOLUTIONS, BY COUNTRY, 2020–2026 (USD MILLION)
           TABLE 201 AFRICA: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY,  2016–2019 (USD MILLION)
           TABLE 202 AFRICA: DIGITAL OILFIELD MARKET FOR DATA STORAGE SOLUTIONS, BY COUNTRY,  2020–2026 (USD MILLION)
           TABLE 203 AFRICA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD BILLION)
           TABLE 204 AFRICA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD BILLION)
           TABLE 205 AFRICA: DIGITAL OILFIELD MARKET, BY COUNTRY, 2016–2019 (USD BILLION)
           TABLE 206 AFRICA: DIGITAL OILFIELD MARKET, BY COUNTRY, 2020–2026 (USD BILLION)
           9.7.1 NIGERIA
                    TABLE 207 NIGERIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 208 NIGERIA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 209 NIGERIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 210 NIGERIA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.7.2 ANGOLA
                    TABLE 211 ANGOLA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 212 ANGOLA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 213 ANGOLA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 214 ANGOLA: DIGITAL OILFIELD MARKET, BY APPLICATION, 2020–2026 (USD MILLION)
           9.7.3 REST OF AFRICA
                    TABLE 215 REST OF AFRICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2016–2019 (USD MILLION)
                    TABLE 216 REST OF AFRICA: DIGITAL OILFIELD MARKET, BY SOLUTION, 2020–2026 (USD MILLION)
                    TABLE 217 REST OF AFRICA: DIGITAL OILFIELD MARKET, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 218 REST OF AFRICA: DIGITAL OILFIELD 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—

Digital Oilfield Market Size, and Share

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

Digital Oilfield Market Size, and Share

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)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Digital Oilfield Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Digital Oilfield Market

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Report Code
EP 2720
Published ON
Aug, 2021
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