Leading Digital Oilfield Country 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. Europe is expected to be the highest contributor to this market, with $8,462.5 Million in 2020, and is anticipated to reach $10,891.3 Million by 2029, registering a CAGR of 2.88%. Asia-Pacific is anticipated to reach $4,313.6 Million by 2029 with the highest CAGR of 7.14%. Europe and North America collectively expected to account for about 74.9% share of the Digital Oilfield market in 2020, with the former constituting around 38.2% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 7.14% and 2.88% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 48.7% in the overall Digital Oilfield market in 2020, and is anticipated to reach 50.0% by 2029.
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