Digital Oilfield Market

Digital Oilfield Market Size will Reach USD 54.4 Billion by 2030

According to Precedence Research, during the forecast period of 2022 to 2030, the global digital oilfield market is estimated to develop at a compound annual growth rate (CAGR) of 7.08%. The global digital oilfield market was valued at USD 29.45 billion in 2021, and it is predicted to exceed USD 54.4 billion by 2030. The study investigates several elements and their consequences on the growth of the digital oilfield market.

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This report focuses on digital oilfield market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall digital oilfield market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

Report Scope of the Digital Oilfield Market

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

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of digital oilfield, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of digital oilfield has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the digital oilfield market.

Some of the prominent players in the digital oilfield market include:

  • Schlumberger
  • Halliburton
  • Weatherford International
  • ABB
  • Emerson
  • CGG
  • Siemens
  • Rockwell Automation
  • Kongsberg

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Segments Covered in the Report

By Process

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

By Solution

  • Hardware
  • Software
  • Data Storage
  • Others

By Application

  • Onshore
  • Offshore

By Technology

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

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Regional Segmentation

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

Some of the important ones are:

  • What can be the best investment choices for venturing into new product and service lines?
  • What value propositions should businesses aim at while making new research and development funding?
  • Which regulations will be most helpful for stakeholders to boost their supply chain network?
  • Which regions might see the demand maturing in certain segments in near future?
  • What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
  • Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
  • Which government regulations might challenge the status of key regional markets?
  • How will the emerging political and economic scenario affect opportunities in key growth areas?
  • What are some of the value-grab opportunities in various segments?
  • What will be the barrier to entry for new players in the market?

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Digital Oilfield Market 

5.1. COVID-19 Landscape: Digital Oilfield Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

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

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Digital Oilfield Market, By Process

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

8.1.1. Drilling Optimization

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Reservoir Production

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Production Optimization

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Safety Management

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Digital Oilfield Market, By Solution

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

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Data Storage

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Digital Oilfield Market, By Application Type 

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

10.1.1. Onshore

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Offshore

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Digital Oilfield Market, By Technology Type 

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

11.1.1. IoT

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Advance Analytics

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Robotics

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Cloud Computing

11.1.4.1. Market Revenue and Forecast (2017-2030)

11.1.5. Mobility

11.1.5.1. Market Revenue and Forecast (2017-2030)

11.1.6. Others

11.1.6.1. Market Revenue and Forecast (2017-2030)

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

12.1. North America

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

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

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

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

12.1.5. U.S.

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

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

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

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

12.1.6. Rest of North America

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

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

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

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

12.2. Europe

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

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

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

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

12.2.5. UK

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

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

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

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

12.2.6. Germany

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

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

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

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

12.2.7. France

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

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

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

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

12.2.8. Rest of Europe

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

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

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

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

12.3. APAC

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

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

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

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

12.3.5. India

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

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

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

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

12.3.6. China

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

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

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

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

12.3.7. Japan

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

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

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

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

12.3.8. Rest of APAC

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

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

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

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

12.4. MEA

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

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

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

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

12.4.5. GCC

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

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

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

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

12.4.6. North Africa

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

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

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

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

12.4.7. South Africa

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

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

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

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

12.4.8. Rest of MEA

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

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

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

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

12.5. Latin America

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

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

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

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

12.5.5. Brazil

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

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

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

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

12.5.6. Rest of LATAM

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

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

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

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

Chapter 13. Company Profiles

13.1. Schlumberger

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Halliburton

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Weatherford International

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. ABB

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Emerson

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. CGG

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Siemens

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Rockwell Automation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Kongsberg

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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