Edison, NJ -- (SBWIRE) -- 10/01/2020 -- Oilfield Operations Management System Opportunities in India 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Oilfield Operations Management System Opportunities in India 2020 Market. Some of the key players profiled in the study are ABB Ltd, Infosys Limited, Emerson Electric Co., OCS Services (India) Pvt Ltd., Protiviti India Member Private Limited.
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The Oilfield Operations Management System Opportunities in India report provides a holistic view of the different use cases, market influencers, and opportunity enablers predominant in the Indian market space.
Oilfield operators are gradually adopting digital strategies to improve business performance. They have become more reliant on innovation and technology. Oilfield operations management system (OOMS) is one such innovation that utilizes technologies like industrial internet of things (IIoT), artificial intelligence (AI), machine learning, and big data to ease operations. OOMS finds application in artificial lift optimization, automated workflow management, well monitoring, flow assurance, multiphase flow simulation, predictive analytics & production simulation, production optimization & allocation, and reservoir management.
A comprehensive range of oilfield operations management system use cases is being established to leverage information capital and transform the traditional oilfield sector into smart enterprises. Primary use cases of oilfield operations management system include fleet management, field productivity, production asset optimization, predictive maintenance, and biometric monitoring. The verticals which can gain major advantages from these use cases are Exploration and Production (E&P), Service and Supply (S&S), and Midstream & Downstream (M&D).
Focus on innovation, digital transformation, and a broad spectrum of advantages are expected to fuel the large-scale adoption of oilfield operations management systems. The current turmoil, caused by the international price war, oversupply, and the COVID-19 pandemic have triggered the digital transformation of the oil and gas sector. Operators have started showing interest in adopting solutions like oilfield operations management systems to sustain in the cost-constrained environment. Advantages like optimized production, reduced operating costs, and improved recovery rate are likely to encourage its adoption. Penetration of advanced technologies like IIoT, AI, machine learning, and big data are likely to be instrumental in leveraging the gamut of real-time data generated from oilfield assets.
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However, in India, oilfield operations management system has not witnessed widespread adoption, owing to factors, such as budget constraint, lack of awareness, and organizational barriers, among others. Majority of the industry players lack knowledge regarding its qualitative and quantitative benefits. Furthermore, the implementation of the oilfield operations management system requires departmental collaboration, which is a significant challenge for the oil and gas companies where functional groups perform in silos.
Additionally, the concerns regarding cybersecurity and data management challenges are impeding market growth. Oilfield operations management systems in India can capture enormous opportunities through empowering and sharing knowledge, leadership changes, and collective approach. Collaborations between solution providers and oil and gas companies can bring about opportunities. Enhanced knowledge of business cases among users and stakeholders can initiate adoption, and thus improve productivity while reducing operating costs.
Some of the key players/Manufacturers involved in the Market are – ABB Ltd, Infosys Limited, Emerson Electric Co., OCS Services (India) Pvt Ltd., Protiviti India Member Private Limited
If opting for the Global version of Oilfield Operations Management System Opportunities in 2020 Market analysis is provided for major regions as follows:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia, rest of countries etc.)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Oilfield Operations Management System Opportunities in 2020 market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Oilfield Operations Management System Opportunities in 2020 near future?
What is the impact analysis of various factors in the Oilfield Operations Management System Opportunities in India 2020 market growth?
What are the recent trends in the regional market and how successful they are?
There are 15 Chapters to display the Oilfield Operations Management System Opportunities in India 2020 market.
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Oilfield Operations Management System Opportunities in India 2020 market, Applications, Market Segment by Types;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Oilfield Operations Management System Opportunities in 2020 Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 7 and 14), United States, Canada, Mexico, Europe (Covered in Chapter 8 and 14), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 9 and 14), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 10 and 14), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 11 and 14), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Oilfield Operations Management System Opportunities in India 2020 Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels
Chapter 13 and 14, about vendor landscape (classification and Market Ranking)
Chapter 15, deals with Oilfield Operations Management System Opportunities in India 2020 Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.
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