Press Release

Asia-Pacific Digital Oilfield Market to Cross $2.5 Billion by 2022

Anticipated revival of crude oil prices, and increasing oil & gas exploration & production activities to drive Asia-Pacific digital oilfield market through 2022

According to a recently published TechSci Research report, Asia-Pacific Digital Oilfield Market By Process, By Solution, Competition Forecast & Opportunities, 2012 – 2022, the market of digital oilfield in Asia-Pacific is anticipated to cross $2.5 billion by 2022. Growth in the market is expected on account of high capital expenditure planned by National Oil Companies (NOCs) in countries such as China and India for embracing digital oilfield technologies and solutions to cut costs and optimize business operations. Both countries are the major demand centers for oil & gas, and importing a lot of hydrocarbon to fuel their growing economy. Both countries have huge coastlines which presents opportunities for offshore exploration, thereby aiding the region’s digital oilfield market.

Browse 5 market data Tables and 20 Figures spread through 63 Pages and an in-depth TOC on "Asia-Pacific Digital Oilfield Market"

Drilling optimization process dominated Asia-Pacific digital oilfield market in 2016, and the segment’s share is expected to maintain its dominance through 2022. Drilling optimization processes are gaining prominence in Asia-Pacific region as operators looking for ways to cut operational costs incurred by while drilling. Moreover, rig downtime cost millions to operators, and drilling optimization process reduces the unplanned rig downtime coupled with optimizing drilling process, thus bringing down the overall operational costs.

Download Sample Report @

Customers can also request for 10% free customization on this report.

“During the forecast period, growth in Asia-Pacific digital oilfield market can be attributed to surging energy demand coupled with decreasing mature fields production, which is expected to push upstream companies to improve recovery rates by the use of digital oilfield technologies. In addition, firming crude oil prices is expected to compel companies to start their CAPEX cycle again resulting in increased demand for digital oilfield solutions.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia-Pacific Digital Oilfield Market By Process, By Solution, Competition Forecast & Opportunities, 2012–2022has evaluated the future growth potential of Asia-Pacific digital oilfield market and provides statistics and information on market structure and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Asia-Pacific digital oilfield market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017


Tel: +1-646-360-1656



Relevant Reports

Australia Digital Oilfield Market, By Process (Drilling Optimization, Production Optimization, Reservoir Optimization and Others), By Solution (Instrumentation & Automation Vs. IT Services), By Region, Competition Forecast and Opportunities,

Oil and Gas | Jan, 2018

Growing oil & gas industry and increased investments for optimizing production levels worldwide is contributing to the Digital Oilfield market in the Australia by 2023.

Relevant News

All Rights Reserved © TechSci Research