Leading Digital Oilfield Application Markets Databank
The Digital Oilfield market was valued at $22,153.2 Million in 2020, and is projected to reach $30,438.7 Million by 2029 growing at a CAGR of 3.64% from 2021 to 2029. Onshore segment is expected to be the highest contributor to this market, with $13,931.7 Million in 2020, and is anticipated to reach $18,372.2 Million by 2029, registering a CAGR of 3.17%. Offshore segment is anticipated to reach $12,066.4 Million by 2029 with the highest CAGR of 4.40%. Offshore and Onshore segments are expected to witness significant growth rates at a CAGR of 4.40% and 3.17% respectively, during the forecast period.
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