Digital Oilfield Market to Cross $ 18 Billion by 2023
Anticipated
revival of crude oil prices coupled with increasing oil & gas exploration
& production activities to drive global digital oilfield market through 2023
According to a recently
published TechSci Research report “Global Digital Oilfield Market By
Process, By Solution, By Region, Competition Forecast & Opportunities, 2013–2023’’, the
global digital oilfield market is projected to cross $ 18 billion by 2023. Operators
are going into ultradeep water to address the growing demand for oil & gas.
Moreover, rise in the crude oil prices, increase in the number of offshore oil
reserves and the sanctions imposed on Iran have being increasing the demand for
oil & gas, globally. Additionally, growing
investments in the offshore exploration & production activities across the world is further expected to drive digital
oilfield market during the forecast period. Schlumberger Limited was the leading
player in the global digital oilfield market in 2017, followed by The
Halliburton Company and Baker Hughes, among others.
Browse 168 market data Figures and Tables spread
through 154 Pages and an in-depth TOC on "Global Digital Oilfield Market"
https://www.techsciresearch.com/report/global-digital-oilfield-market/3265.html
Drilling
optimization process accounted for the largest market share, in terms of value,
in the global digital oilfield market in 2017, on account of increasing crude
oil reserves and rising consumption of crude oil across major economies. However,
the scenario is expected to change during forecast period, with the production
optimization segment expected to emerge as the most dominant segment in the
global digital oilfield market by 2023, due to increasing demand from field
operators and improving hydrocarbon recovery rates.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3265
Customers can also request for 10% free customization
on this report
North America
and Europe are the major demand generating regions for digital oilfield market,
globally. “Rising number of
mergers and joint ventures by the leading players and growing consolidation in the
global digital oilfield marketplace are positively influencing the market across
the globe. Moreover, innovations in the digital
oilfield technologies along with rising production from offshore fields would
further steer growth in the global digital oilfield market in the coming years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global
Digital Oilfield Market By Process, By Solution, By Region, Competition
Forecast & Opportunities, 2013–2023’’ has evaluated the future growth potential of global digital
oilfield market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global 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.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]