Pune, India -- (SBWire) -- 02/09/2019 --Digital Oilfield Services Market report (Request Discount) focuses on analysing the key inferences, current market scenario, and mainly on the global and regional market. Digital Oilfield Services Market is providing information on major players like manufacturers, suppliers, distributors, traders, customers, drivers, investors and etc.,
Digital Oilfield Services Market report has Status and Trend of 2018-2023. It offers an inclusive analysis on Digital Oilfield Services industry, which is useful for reader's perspective, and also for delivering data in detailed and searching insights market. The Digital Oilfield Services market client is an industrial insider, potential entrant or investor. Moreover, the report will provide useful data and information.
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Digital Oilfield Services market is expected to register a CAGR of about XX% over the forecast period, 2018-2023.
Many organizations started adopting the Digital Oilfield Solutions, because of their ability to reduce the operation costs by helping with faster decision making, improving the productivity of the workforce, and assisting with the Asset Integrity Management (AIM). Moreover, during the forecast period, the operator's focus is expected to shift toward services that provide long-term benefits such as improving analytics capabilities by employing big data analytics solutions.
Market Size Analysis by Years:
Historical Year: 2013-2017 || Base Year: 2017 || Estimated Year: 2018 || Forecast Year: 2018-2023
Geographically, the Digital Oilfield Services Market report is segmented into several key Regions, with production, consumption, revenue, market share, and growth rate of Digital Oilfield Services in these regions, from 2018 to 2023 (forecast), covering:
US, Canada, India, China, Australia, Norway, UK, Russia, Saudi Arabia, UAE, Nigeria, Venezuela, Brazil, Argentina.
Competitor Analysis of Digital Oilfield Services Market:
Digital Oilfield Services market includes following leading manufacturers on the basis of sales, revenue, price, and gross margin.
Baker Hughes, Halliburton, Schlumberger, Weatherford, Siemens AG, Rockwell Automation, Honeywell International Inc., Kongsberg Gruppen ASA, Paradigm (A Emerson Electric Co. owned company), Pason Systems Corp., Petrolink, Accenture, IBM.
The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the Digital Oilfield Services market report. Moreover, in order to determine Digital Oilfield Services market attractiveness, the report analyses the Digital Oilfield Services industry along the parameters of Porter's five forces model.
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Key Developments in the Digital Oilfield Services Market:
October 2017: Weatherford International PLC had entered into an agreement with Intel Corporation, at the IoT Solutions World Congress in Barcelona. The aim of the agreement was a collaboration between the oilfield services provider and the technology giant, and to demonstrate the benefits of bringing the Internet of Things (IoT) technologies to the oil field.
July 2017: Emerson completed the acquisition of Paradigm, a leading provider of software solutions to the oil and gas industry. The combined company has a comprehensive Exploration & Production (E&P) software portfolio offering.
Industry Attractiveness - Porter's Five Forces Analysis of Digital Oilfield Services:
-Bargaining Power of Suppliers
-Bargaining Power of Consumers
-Threat of New Entrants
-Threat of Substitutes
-Intensity of Competitive Rivalry
These Five terms are mentioned in detail in this Digital Oilfield Services market report. Application, types, end users, shares, size, trends, growth rate, opportunity, revenue, drivers, investors etc., parameter are related with the porter's five forces analysis.
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Digital Oilfield Services Market Segmentation and Analysis, By Type of Process (Overview, Market Size, and Demand Forecast until 2023):
-Reservoir Optimization
-Production Optimization
-Drilling Optimization
-Others
Digital Oilfield Services Market by Processes:
-Reservoir
-Production
-Drilling Optimizations
Digital Oilfield Services Market Report Contain:
- Analysis of the Digital Oilfield Services market including revenues, future growth, market outlook
- Historical data and forecast to 2023
- Regional analysis including growth estimates
- Analyzes the end user markets including growth, share, and size.
- Profiles on Digital Oilfield Services market including products, sales/revenues, and market position
- Market structure, market drivers and restraints.
Solutions of Digital Oilfield Services Market:
-Hardware
-Software & Service
-Data Storage Solutions
Reasons to Buy Digital Oilfield Services Market Report:
The Digital Oilfield Services market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions.
-The firms looking for purchasing the Digital Oilfield Services market research report could look for following prospects on their way to better understand the Digital Oilfield Services market that can aid further decision making and possibly identify the opportunities to achievement.
- Evaluate the qualitative and quantitative aspects of the report and analyze the Digital Oilfield Services market penetration with respect to industries and geographies.
- Evaluate the key vendors in the Digital Oilfield Services market in terms of products satisfaction and business strategy. This helps to identify consumer preferences and understand its current position.
- Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the Digital Oilfield Services market.
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Digital Oilfield Services Market 2023 Companies, Market Size, Solutions (Hardware, Software & Service, and Data Storage Solutions)
In 2016, the oil and gas production from the United States accounted for about 13% and 21% of the total global production respectively. The country has been a pioneer of the technological developments in the oil & gas industry.