Offshore Decommissioning Market by Service (Well Plugging & Abandonment, Platform Removal, Others), Depth (Shallow & Deepwater), Structure (Topsides, Other Infrastructure), Removal (Leave in Place, Partial, Complete), and Region – Global Forecast to 2025

The global offshore decommissioning market is estimated to be USD 5.91 billion in 2017, and is expected to grow at a CAGR of 5.05%, from 2017 to 2025. Maturing oil and gas fields and aging offshore infrastructure will drive the offshore decommissioning market. The years considered for the study are as follows:

• Base Year- 2016
• Estimated Year- 2017
• Projected Year- 2025
• Forecast Period- 2017 to 2025

The year 2016 has been considered as the base year for company profiles. Where information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define, describe, and forecast the global offshore decommissioning market by service, removal type, depth, structure and region, in terms of value
• To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the offshore decommissioning market
• To strategically analyze the offshore decommissioning market with respect to individual growth trends, future prospects, and the contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the offshore decommissioning market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global offshore decommissioning market. Primary sources are mainly industry experts from core and related industries, service providers, environmental, regulatory and authority bodies, shipbroking and charter service providers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

• Study of the annual revenues and market developments of the major players that provide offshore decommissioning services to oil and gas operating companies
• Analyses the requirement for offshore decommissioning of oil & gas platforms
• Assessment of decommissioning provisions of key operating companies and analysing their spending patterns
• Study of the market trends in various regions and countries with regard to the different types of offshore decommissioning services
• Study of the contracts and developments related to the offshore decommissioning market by key players across different regions
• Finalization of market size by triangulating the supply-side and demand-side data, which includes product developments, supply chain, and annual revenues of  offshore decommissioning companies across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries, on the basis of company type, designation, and region, conducted during the research study.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the offshore decommissioning market consists of oilfield operating companies, service providers for different type of services. The figure below shows the market ecosystem along with the major companies.

The decommissioning service providing companies that provides project management, platform preparation and removal, transportation services includes Amec Foster Wheeler Plc (U.K.), Aker Solutions ASA (Norway), Ramboll Grooup (Denmark), AF Gruppen ASA (Norway), Technifmc Plc (France), John Wood Group Plc (U.K.), and Tetra Technologies Inc., (U.S.). Oilfield exploration and production companies such as Chevron (U.S.), British Petroleum (U.K.), Statoil (Norway), Total S.A. (France), Exxon Mobil (U.S.), and Royal Dutch Shell (Netherlands) among others, are the end-users in the offshore decommissioning market.

Target Audience:

The report’s target audience includes:

• Offshore decommissioning service providers
• National oil companies
• International oil & gas companies
• Offshore platform operators
• Associations and industry bodies
• Regulatory and environmental bodies
• Consulting companies dealing with the offshore decommissioning industry
• Offshore logistics and ship authorities

Scope of the Report:

By Service

• Project management, engineering and planning
• Permitting and regulatory Compliance
• Platform preparation
• Well plugging and abandonment
• Conductor removal
• Mobilization and demobilization of derrick barges
• Platform removal
• Pipeline and power cable decommissioning
• Materials disposal
• Site clearance

By Removal type

• Leave in place
• Partial removal (includes toppled in place)
• Complete removal

By Depth

• Shallow water
• Deepwater

By Structure

• Topside
• Substructure
• Sub infrastructure

By Region

• Europe
• North America
• Asia-Pacific
• Middle East & Africa
• South America

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 and country-specific analysis

Company Information

Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered (Subsegments Including Region-Wise Segmentation)
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Offshore Decommissioning Market, By Structure
    4.2 Offshore Decommissioning Market, By Service Type
    4.3 Offshore Decommissioning Market in Europe: Structure vs Removal Type
    4.4 Europe: the Largest Market During the Forecast Period

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Key Projects
           5.2.1 Europe
           5.2.2 The U.S. Gulf of Mexico
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Maturing Oil & Gas Fields
                    5.3.1.2 Low Crude Oil Prices
                    5.3.1.3 Aging Offshore Infrastructure
           5.3.2 Restraints
                    5.3.2.1 High Cost of Decommissioning Projects
                               5.3.2.1.1 Average Decommissioning Cost—North Sea
                               5.3.2.1.2 Average Decommissioning Cost—U.S. Gulf of Mexico
                    5.3.2.2 Lack of Technology Infrastructure & Regulatory Monitoring
           5.3.3 Opportunities
                    5.3.3.1 Disruptive and Innovative Technologies
           5.3.4 Challenges
                    5.3.4.1 Associated Environmental Concerns
                    5.3.4.2 Asset Life Extension Technologies

6 Offshore Decommissioning Market, By Service Type (Page No. - 45)
    6.1 Introduction
    6.2 Project Management, Engineering, and Planning
    6.3 Permitting and Regulatory Compliance
    6.4 Platform PrEPAration
    6.5 Well Plugging and Abandonment
    6.6 Conductor Removal
    6.7 Mobilization and Demobilization of Derrick Barges
    6.8 Platform Removal
    6.9 Pipeline and Power Cable Decommissioning
    6.10 Material Disposal
    6.11 Site Clearance

7 Offshore Decommissioning Market, By Structure (Page No. - 57)
    7.1 Introduction
    7.2 Topsides
    7.3 Substructure
    7.4 Subsea Infrastructure

8 Offshore Decommissioning Market, By Depth (Page No. - 62)
    8.1 Introduction
    8.2 Shallow Water
    8.3 Deepwater

9 Offshore Decommissioning Market, By Region (Page No. - 66)
    9.1 Introduction
    9.2 Europe
           9.2.1 The U.K.
           9.2.2 Norway
           9.2.3 The Rest of Europe
    9.3 North America
           9.3.1 The U.S.
           9.3.2 Canada
           9.3.3 Mexico
    9.4 South America
           9.4.1 Brazil
           9.4.2 The Rest of South America
    9.5 Asia-Pacific
           9.5.1 Indonesia
           9.5.2 Malaysia
           9.5.3 China
           9.5.4 Australia
           9.5.5 The Rest of Asia-Pacific
    9.6 Middle East & Africa
           9.6.1 Angola
           9.6.2 U.A.E.
           9.6.3 Saudi Arabia
           9.6.4 The Rest of the Middle East & Africa

10 Competitive Landscape (Page No. - 93)
     10.1 Overview
     10.2 Competitive Situation & Trends
     10.3 Market Ranking, Offshore Decommissioning, 2016
     10.4 Vendor Dive Overview
             10.4.1 Vanguards
             10.4.2 Innovators
             10.4.3 Dynamic
             10.4.4 Emerging
     10.5 Business Strategies Adopted By Major Players in the Offshore Decommissioning Market (25 Companies)
     10.6 Analysis of the Product Portfolios of Major Players in the Offshore Decommissioning Market (25 Companies)

11 Company Profiles (Page No. - 102)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Introduction
     11.2 Amec Foster Wheeler, PLC 
     11.3 Technipfmc, PLC 
     11.4 Ramboll Group
     11.5 John Wood Group, PLC 
     11.6 AF Gruppen ASA
     11.7 Tetra Technologies, Inc.
     11.8 DNV GL AS
     11.9 Heerema Marine Contractors
     11.10 Petrofac Limited
     11.11 Claxton Engineering Services, Ltd.
     11.12 Subsea 7 S.A.
     11.13 Aker Solutions ASA
     11.14 Able U.K., Ltd.
     11.15 Allseas Group S.A.
     11.16 Deepocean Group Holding B.V.
     11.17 Operator Profiles

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 151)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports

List of Tables (65 Tables)

Table 1 Global Offshore Decommissioning Market Snapshot
Table 2 Offshore Decommissioning Market Size, By Service Type, 2015–2025
Table 3 Project Management, Engineering, and Planning: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 4 Permitting and Regulatory Compliance: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 5 Platform PrEPAration: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 6 Well Plugging and Abandonment: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 7 Conductor Removal: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 8 Mobilization and Demobilization of Derrick Barges: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 9 Platform Removal: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 10 Pipeline and Power Cable Decommissioning: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 11 Material Disposal: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 12 Site Clearance: Offshore Decommissioning Market Size, By Region, 2015–2025 (USD Million)
Table 13 Offshore Decommissioning Market Size, By Structure, 2015–2025
Table 14 Topsides Market Size, By Region, 2015–2025 (USD Million)
Table 15 Substructure Market Size, By Region, 2015–2025 (USD Million)
Table 16 Subsea Infrastructure Market Size, By Region, 2015–2025 (USD Million)
Table 17 Offshore Decommissioning Market Size, By Depth, 2015–2025
Table 18 Shallow Water Market Size, By Region, 2015–2025 (USD Million)
Table 19 Deepwater Market Size, By Region, 2015–2025 (USD Million)
Table 20 The European Market Was the Largest Offshore Decommissioning Market, By Value, in 2016
Table 21 Offshore Decommissioning Market Size, By Region, 2015–2025
Table 22 European Offshore Decommissioning Market: Regional Snapshot
Table 23 Europe: Offshore Decommissioning Market Size, By Service Type, 2015–2025 (USD Million)
Table 24 Europe: Offshore Decommissioning Market Size, By Removal Type, 2015–2025 (USD Million)
Table 25 Europe: Offshore Decommissioning Market Size, By Structure, 2015–2025 (USD Million)
Table 26 Europe: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 27 Europe: Offshore Decommissioning Market Size, By Country, 2015–2025 (USD Million)
Table 28 The U.K.: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 29 Norway: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 30 The Rest of Europe: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 31 North American Offshore Decommissioning Market: Regional Snapshot
Table 32 North America: Offshore Decommissioning Market Size, By Service Type, 2015–2025 (USD Million)
Table 33 North America: Offshore Decommissioning Market Size, By Removal Type, 2015–2025 (USD Million)
Table 34 North America: Offshore Decommissioning Market Size, By Structure, 2015–2025 (USD Million)
Table 35 North America: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 36 North America: Offshore Decommissioning Market Size, By Country, 2015–2025 (USD Million)
Table 37 The U.S.: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 38 Canada: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 39 Mexico: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 40 South America: Offshore Decommissioning Market Size, By Service Type, 2015–2025 (USD Million)
Table 41 South America: Offshore Decommissioning Market Size, By Removal Type, 2015–2025 (USD Million)
Table 42 South America: Offshore Decommissioning Market Size, By Structure, 2015–2025 (USD Million)
Table 43 South America: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 44 South America: Offshore Decommissioning Market Size, By Country, 2015–2025 (USD Million)
Table 45 Brazil: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 46 The Rest of South America: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 47 Asia-Pacific: Offshore Decommissioning Market Size, By Service Type, 2015–2025 (USD Million)
Table 48 Asia-Pacific: Offshore Decommissioning Market Size, By Removal Type, 2015–2025 (USD Million)
Table 49 Asia-Pacific: Offshore Decommissioning Market Size, By Structure, 2015–2025 (USD Million)
Table 50 Asia-Pacific: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 51 Asia-Pacific: Offshore Decommissioning Market Size, By Country, 2015–2025 (USD Million)
Table 52 Indonesia: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 53 Malaysia: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 54 China: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 55 Australia: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 56 The Rest of Asia-Pacific: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 57 Middle East & Africa: Offshore Decommissioning Market Size, By Service Type, 2015–2025 (USD Million)
Table 58 Middle East & Africa: Offshore Decommissioning Market Size, By Removal Type, 2015–2025 (USD Million)
Table 59 Middle East & Africa: Offshore Decommissioning Market Size, By Structure, 2015–2025 (USD Million)
Table 60 Middle East & Africa: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 61 Middle East & Africa: Offshore Decommissioning Market Size, By Country, 2015–2025 (USD Million)
Table 62 Angola: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 63 U.A.E.: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 64 Saudi Arabia: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
Table 65 The Rest of the Middle East & Africa: Offshore Decommissioning Market Size, By Depth, 2015–2025 (USD Million)
 
 
List of Figures (67 Figures)
 
Figure 1 Markets Covered: Offshore Decommissioning
Figure 2 Offshore Decommissioning Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Limitations of Research Study
Figure 7 Offshore Decommissioning Region-Wise Market Share (Value), 2017
Figure 8 The Markets in Europe & North America are Expected to Dominate the Offshore Decommissioning Market During the Forecast Period, 2017–2025
Figure 9 Offshore Decommissioning Market, By Service Type, 2017–2025 (USD Billion)
Figure 10 Offshore Decommissioning Market Size, By Structure, 2017–2025 (USD Billion)
Figure 11 Attractive Market Opportunities in the Offshore Decommissioning Market
Figure 12 Offshore Decommissioning Market Share, By Structure, 2017–2025
Figure 13 The Well Plugging & Abandonment Segment is Expected to Dominate the Offshore Decommissioning Market, 2017–2025
Figure 14 The Complete Removal Offshore Decommissioning Segment Held the Largest Market Share in 2016
Figure 15 Offshore Decommissioning Market Share (Value), By Region, 2017–2025
Figure 16 The Well Plugging and Abandonment Segment to Lead the Offshore Decommissioning Market, in Terms of Growth, During the Forecast Period
Figure 17 The North American Market is Expected to Dominate the Platform Removal Market Grow at the Highest CAGR, 2017–2025
Figure 18 The Well Plugging and Abandonment Segment Was the Largest Segment of the Offshore Decommissioning Market, By Service, in 2016 (Value)
Figure 19 The Topsides Segment Was the Largest Segment of the Offshore Decommisisoning Market, By Structure, in 2016
Figure 20 The Shallow Water Segment Was the Largest Segment of the Offshore Decommisisoning Market, By Structure, in 2016
Figure 21 Companies Adopted Contracts & Agreements and New Product/Service/Technology Developments to Capture the Offshore Decommissioning Market During 2013–2017
Figure 22 Battle for Market Share: Contracts & Agreements is the Key Strategy
Figure 23 Market Evaluation Framework: Contracts & Agreements, Fleet Expansions, and Mergers & Acquisitions Have Fueled the Growth of Companies During 2013–2017
Figure 24 Market Ranking: Top Companies on the Basis of Market Ranking
Figure 25 Vendor Dive Matrix
Figure 26 Business Strategy Comparison
Figure 27 Product Strategy Comparison
Figure 28 Amec Foster Wheeler, PLC: Company Snapshot
Figure 29 Amec Foster Wheeler, PLC: Products Offering Scorecard
Figure 30 Amec Foster Wheeler, PLC: Business Strategy Scorecard
Figure 31 Technipfmc, PLC: Company Snapshot
Figure 32 Technipfmc, PLC: Product Offering Scorecard
Figure 33 Technipfmc, PLC: Business Strategy Scorecard
Figure 34 Ramboll Group: Company Snapshot (2016)
Figure 35 Ramboll Group: Product Offering Scorecard
Figure 36 Ramboll Group: Business Strategy Scorecard
Figure 37 John Wood Group, PLC: Company Snapshot (2016)
Figure 38 John Wood Group, PLC: Product Offering Scorecard
Figure 39 John Wood Group, PLC: Business Strategy Scorecard
Figure 40 AF Gruppen ASA: Company Snapshot (2016)
Figure 41 AF Gruppen ASA: Product Offering Scorecard
Figure 42 AF Gruppen ASA: Business Strategy Scorecard
Figure 43 Tetra Technologies, Inc.: Company Snapshot (2016)
Figure 44 Tetra Technologies, Inc.: Product Offering Scorecard
Figure 45 Tetra Technologies, Inc.: Business Strategy Scorecard
Figure 46 DNV GL AS: Company Snapshot
Figure 47 DNV GL AS: Products Offering Scorecard
Figure 48 DNV GL AS: Business Strategy Scorecard
Figure 49 Heerema Marine Contractors: Product Offering Scorecard
Figure 50 Heerema Marine Contractors: Business Strategy Scorecard
Figure 51 Petrofac Limited: Company Snapshot
Figure 52 Petrofac Limited: Product Offering Scorecard
Figure 53 Petrofac Limited: Business Strategy Scorecard
Figure 54 Claxton Engineering Services, Ltd.: Product Offering Scorecard
Figure 55 Claxton Engineering Services, Ltd.: Business Strategy Scorecard
Figure 56 Subsea 7 S.A.: Company Snapshot
Figure 57 Subsea 7 S.A.: Product Offering Scorecard
Figure 58 Subsea 7 S.A.: Business Strategy Scorecard
Figure 59 Aker Solutions ASA: Company Snapshot
Figure 60 Aker Solutions ASA: Product Offering Scorecard
Figure 61 Aker Solutions ASA: Business Strategy Scorecard
Figure 62 Able U.K. Limited: Product Offering Scorecard
Figure 63 Able U.K. Limited: Business Strategy Scorecard
Figure 64 Allseas Group S.A.: Product Offering Scorecard
Figure 65 Allseas Group S.A.: Business Strategy Scorecard
Figure 66 Deepocean Group Holding B.V.: Product Offering Scorecard
Figure 67 Deepocean Group Holding B.V.: Business Strategy Scorecard

The global offshore decommissioning market is projected to grow at a CAGR of 5.05%, from 2017 to 2025, to reach a market size of USD 8.76 billion by 2022. This growth is attributed to increasing focus on mature oil and gas fields and aging offshore platforms, particularly in shallow water.

The report segments the offshore decommissioning market, on the basis of service, into project management, engineering and planning, permitting and regulatory compliance, platform preparation, well plugging and abandonment, conductor removal, mobilization and demobilization of derrick barges, platform removal, pipeline and power cable decommissioning, materials disposal, and site clearance. The well plugging and abandonment segment accounted for the largest market share in 2016, driven by demand from the European market. Well plugging and abandonment accounts for up to 45% of the total decommissioning cost of project.

The report also segments the offshore decommissioning market, on the basis of the depth at which decommissioning projects happens, into shallow water and deepwater. The shallow water segment was the largest market and is projected to maintain its edge over the deepwater segment owing to its lower operational costs. However in the future, the deep water segment would compete with shallow water as many platform installations now are at deep water and ultra-deep water depths.
In this report, the offshore decommissioning market has been categorized, on the basis of region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The European market led the offshore decommissioning market, with the largest market share, by value, in 2016, and this trend is projected to continue till 2025. The market in North America will also play an important role in driving demand for offshore decommissioning.

The Asia-Pacific market may see higher growth in later years for offshore decommissioning during the forecast period. This growth is due to the increasing focus on rules and regulations in countries like Indonesia, and Malaysia, where huge decommissioning opportunities are available.

The high cost of decommissioning work and lack of technology infrastructure and regulatory monitoring are restraints for the offshore decommissioning market. Operating companies are using different decommissioning methods and innovative technologies to lower the decommissioning cost. The availability of oil and gas field life enhancing techniques helps operating companies to postpone their decommissioning work.

The leading players in the industry, based on their recent developments and other strategic industrial activities, are Amec Foster Wheeler Plc (U.K.), Aker Solutions ASA (Norway), Ramboll Grooup (Denmark), AF Gruppen ASA (Norway), Technifmc Plc (France), John Wood Group Plc (U.K.), and Tetra Technologies Inc., (U.S.), among others.

In terms of growth strategies, market players have been focussing on winning large numbers of contracts & agreements to increase their market size and strengthen their market foothold in the regional market. Many companies which has expertise in nuclear decommissioning projects are also attracted to oil and gas decommissioning seeing the huge market opportunity in North Sea region. There is a mix of both organic and inorganic growth strategies that companies are using to stay relevant in the market. In Europe consolidation is happening through mergers & acquisitions to maintain their financial health and enhance their service offerings.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst