Global Digital Oilfield Market - Industry Trends and Forecast to 2029
Global digital oilfield market is projected to register a CAGR of 7.2% in the forecast period of 2022 to 2029. The new market report contains data for the historic year 2020, the base year of calculation is 2021, and the forecast period is 2022 to 2029
Market Segmentation
Global Digital Oilfield Market, By Offering (Software, Hardware, and Services), Process (Production Optimization, Reservoir Optimization, Drilling Optimization, Safety Management, and Others), Technology (IoT & Mobile Devices, AI & Advance Analytics, Cloud Computing, Robotics, and Others), Application (On-Shore and Off-Shore), Country (U.S., Canada, Mexico, Germany, France, the U.K., Turkey, Russia, Italy, Spain, Switzerland, Belgium, the Netherlands, and the rest of Europe, China, India, Indonesia, Australia, Malaysia, Thailand, Japan, South Korea, Singapore, the Philippines, and the rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, and the rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Some of the major factors contributing to the global digital oilfield market are:
• Rapid digitization of the oil & gas sector
• Advent of emerging technologies such as artificial intelligence (AI) & IoT
Market Players
Some key market players in the global digital oilfield market are listed below:
• Baker Hughes Company
• IBM Corporation
• Microsoft
• Rockwell Automation, Inc.
• Halliburton Energy Services, Inc.
• CGG
• Schlumberger Limited
• Redline Communications
• Osperity
• Emerson Electric Co.
• Siemens AG.
• ABB
• Honeywell International Inc.
• NOV Inc.
• Petrolink.
• Weatherford
• Katalyst Data Management
• Digi International Inc.
• Kongsberg Digital (a subsidiary of KONGSBERG)
• OleumTech
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