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Global Digital Oilfield Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “Growing demand for oil and gas will drive large investments in technology that will increase the efficiency and production of existing wells. Digital oilfields will enable efficient production from remote onshore, deep, and ultra-deepwater wells, and unconventional reserves such as shale.”
• Digital oilfield is the application of advanced software, hardware, and data analysis techniques to increase the productivity and efficiency of oil and gas production. In an era of ever-growing energy demand and depletion of "easy oil," digital oilfields help in maximizing oilfield recovery by eliminating non-productive time.
• Technavio's analysts predict the market to grow at a CAGR of 5.14% during the forecast period.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Digital Oilfield Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
Global Digital Oilfield Market 2015-2019
Halliburton
Honeywell International
National Oilwell Varco
Halliburton is a US-based multinational oil and gas company and one of the world's largest service companies engaged in the exploration, development, and production of oil and natural gas. The company serves the major oil and natural gas companies worldwide in the upstream area.
Honeywell International is a globally diversified conglomerate engaged in the design and manufacture of products and services that serve a wide variety of industries including aerospace and defense, automotive and transportation, oil and gas, petrochemicals and biofuels, healthcare, and construction.
National Oilwell Varco was established in 1841, and is headquartered in Texas, the US. The company provides components and equipment used in the oil and gas drilling industry.
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Market Landscape
• Increased demand for oil and gas has prompted companies in the oil and gas industry to implement new digital oilfield technologies to increase their productivity.
• The World Energy Outlook, one of the most authoritative sources of world energy market analysis and projections, estimates global energy demand to increase by one-third by 2035, with emerging countries, such as India and China, expected to account for 50% of the growth.
• Other factors influencing the market growth are the environmental sustainability of oilfield technology, supply-demand gap in skilled manpower, and operational safety.
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Key Buying CriteriaGuest Bloggers
• Authenticity • Delivery • Price• Service
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Parameter Details
Cost
The cost of digital oilfield technologies should be reasonable to ensure adequate return on investment. The cost of integration and services should also be low.
Integration Ability The ease of integration of digital oilfield systems with existing systems is essential for its successful implementation.
Efficiency The productivity and redevelopment of maturing fields depends on the efficiency of digital oilfield technologies.
Support and MaintenanceSupport services and maintenance of digital oilfield technologies are essential to ensure the efficiency and productivity of the oil wells.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Digital Oilfield Market 2015-2019
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