MEA Digital Oilfield Market - Industry Trends and Forecast to 2029
Middle East and Africa digital oilfield market is projected to register a CAGR of 8.2% 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
Middle East and Africa 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 (Saudi Arabia, U.A.E., Egypt, South Africa, Israel and Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Some of the major factors contributing to the Middle East and Africa digital oilfield market are:
o Increase in exploration operations in uncharted offshore/ultra-deep waters
o Adoption of augmented reality and cloud-based digital oilfield solutions
Market Players
Some key market players in the Middle East and Africa digital oilfield market are listed below:
• Baker Hughes Company
• IBM Corporation
• Microsoft
• Rockwell Automation, Inc.
• Halliburton Energy Services, Inc.
• CGG
• Schlumberger Limited
• Osperity
• Emerson Electric Co.
• Siemens AG.
• ABB
• Honeywell International Inc.
• NOV Inc.
• Petrolink.
• Weatherford
• Kongsberg Digital (a subsidiary of KONGSBERG)
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