Global digital oilfield market stood at over $ 14 billion in 2017 and is forecast to surpass $ 18 billion by 2023. Anticipated growth in the market can be attributed to increasing demand for oil and gas, rising investment in offshore exploration & production activities and growing consolidation in the digital oilfield industry. Moreover, rising need to reduce downtime and non-productive time by real time monitoring of operations is further expected to fuel demand for digital oilfield across the globe in the coming years. Additionally, anticipated rise in crude oil prices and innovations in digital oilfield technologies is likely to steer market growth during the forecast period.

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

The primary objective of the study was to understand and gain insights about global digital oilfield market and their segmental analysis by process, by solution, by region, and forecast its market by 2023.

  • To estimate, calculate and forecast market size for global digital oilfield market.
  • To segment and forecast global digital oilfield market by Process such as Drilling Optimization, Production Optimization, Reservoir optimization & Others.
  • To categorize and forecast global digital oilfield market by Regions such as North America, Europe, Middle East & Africa, Asia-Pacific & South America.
  • To identify major drivers & challenges for global digital oilfield market
  • To identify major trends in the global digital oilfield market.To profile major companies in the global digital oilfield market.


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Few of the major players operating in the global digital oilfield market include Schlumberger Limited, The Halliburton Company, Baker Hughes, Weatherford International Plc, Sinopec Oilfield Service Corporation, Rockwell Automation, Inc., Honeywell International Inc., Accenture PLC, Siemens AG, and International Business Machines (IBM) Corporation.

To analyze and forecast the global digital oilfield market, both top-down and bottom-up approaches have been used. Multiple employees from the following companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in the global digital oilfield market was directed, which includes analysis of information such as ongoing projects, followed by the details of expected year of commissioning and estimated investments along with the expansion plans of various projects across the world. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which can affect growth in the digital oilfield market, globally.

To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned were identified. Various secondary sources such as white papers and secondary literature on BP Statistics, IEA, World Oil, UN Comtrade, International Monetary Fund, World Bank, company websites & annual reports, etc. were also studied by TechSci Research.

 

Key Target Audience:

  • Digital oilfield service providers
  • Oil and gas exploration & production companies
  • Organizations, forums and alliances related to the digital oilfield market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as companies operating in the digital oilfield market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, the global digital oilfield market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  •       Market, By Process:

o    Production Optimization

o    Drilling Optimization

o    Reservoir Optimization

o    Others

  •       Market, By Solution:

oInstrumentation & Automation

o    IT Services

  •       Market, By Region:

o    North America

o    Europe

o    Middle East & Africa

o    Asia Pacific

o    South America

  •       Market, By Company:

o    Schlumberger Limited

o    The Halliburton Company

o    Baker Hughes

o    Weatherford International Plc

o    Sinopec Oilfield Service Corporation

o    Others

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of solutions offered by them.

Company Profiles: Detailed analysis of the major companies present in global digital oilfield market

Available Customizations:

With the given market data, TechSci Research offers customizations according to company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case of you can’t find what you are looking for, then please get in touch with our custom research team at sales@techsciresearch.com 

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Service Providers in Use

4.2.    Brand Awareness

4.3.    Brand Satisfaction Level

4.4.    Factors Considered For Purchasing

5.       Global Digital Oilfield Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value

5.2.    Market Share & Forecast

5.2.1. By Process (Drilling Optimization, Production Optimization, Reservoir Optimization & Others)

5.2.2. By Solution (Instrumentation & Automation, IT Services)

5.2.2.1.  By Component (DCS, SCADA, PLC & Others)

5.2.3. By Region (North America, Asia-Pacific, Middle East & Africa, Europe & South America)

5.2.4. By Company

5.3.    Market Attractiveness Index

5.3.1. By Process

5.3.2. By Solution

5.3.3. By Region

6.       North America Digital Oilfield Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value

6.2.    Market Share & Forecast

6.2.1. By Process

6.2.2. By Solution

6.2.3. By Country

6.2.3.1. United States Digital Oilfield Market Outlook

6.2.3.1.1.  Market Size & Forecast

6.2.3.1.1.1.   By Value

6.2.3.1.2.  Market Share & Forecast

6.2.3.1.2.1.   By Process

6.2.3.1.2.2.   By Solution

6.2.3.2. Canada Digital Oilfield Market Outlook

6.2.3.2.1.  Market Size & Forecast

6.2.3.2.1.1.   By Value

6.2.3.2.2.  Market Share & Forecast

6.2.3.2.2.1.   By Process

6.2.3.2.2.2.   By Solution

6.2.3.3. Mexico Digital Oilfield Market Outlook

6.2.3.3.1.  Market Size & Forecast

6.2.3.3.1.1.   By Value

6.2.3.3.2.  Market Share & Forecast

6.2.3.3.2.1.   By Process

6.2.3.3.2.2.   By Solution

7.       Europe Digital Oilfield Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Process

7.2.2.By Solution

7.2.3.By Country

7.2.3.1.    Russia Digital Oilfield Market Outlook

7.2.3.1.1.  Market Size & Forecast

7.2.3.1.1.1.   By Value

7.2.3.1.2.  Market Share & Forecast

7.2.3.1.2.1.   By Process

7.2.3.1.2.2.   By Solution

7.2.3.2.    Norway Digital Oilfield Market Outlook

7.2.3.2.1.  Market Size & Forecast

7.2.3.2.1.1.   By Value

7.2.3.2.2.  Market Share & Forecast

7.2.3.2.2.1.   By Process

7.2.3.2.2.2.   By Solution

7.2.3.3.    United Kingdom Digital Oilfield Market Outlook

7.2.3.3.1.  Market Size & Forecast

7.2.3.3.1.1.   By Value

7.2.3.3.2.  Market Share & Forecast

7.2.3.3.2.1.   By Process

7.2.3.3.2.2.   By Solution

7.2.3.4.    Italy Digital Oilfield Market Outlook

7.2.3.4.1.  Market Size & Forecast

7.2.3.4.1.1.   By Value

7.2.3.4.2.  Market Share & Forecast

7.2.3.4.2.1.   By Process

7.2.3.4.2.2.   By Solution

7.2.3.5.    Netherlands Digital Oilfield Market Outlook

7.2.3.5.1.  Market Size & Forecast

7.2.3.5.1.1.   By Value

7.2.3.5.2.  Market Share & Forecast

7.2.3.5.2.1.   By Process

7.2.3.5.2.2.   By Solution

8.       Asia-Pacific Digital Oilfield Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1. By Process

8.2.2. By Solution

8.2.3. By Country

8.2.3.1. China Digital Oilfield Market Outlook

8.2.3.1.1.  Market Size & Forecast

8.2.3.1.1.1.   By Value

8.2.3.1.2.  Market Share & Forecast

8.2.3.1.2.1.   By Process

8.2.3.1.2.2.   By Solution

8.2.3.2. India Digital Oilfield Market Outlook

8.2.3.2.1.  Market Size & Forecast

8.2.3.2.1.1.   By Value

8.2.3.2.2.  Market Share & Forecast

8.2.3.2.2.1.   By Process

8.2.3.2.2.2.   By Solution

8.2.3.3. Indonesia Digital Oilfield Market Outlook

8.2.3.3.1.  Market Size & Forecast

8.2.3.3.1.1.   By Value

8.2.3.3.2.  Market Share & Forecast

8.2.3.3.2.1.   By Process

8.2.3.3.2.2.   By Solution

8.2.3.4. Australia Digital Oilfield Market Outlook

8.2.3.4.1.  Market Size & Forecast

8.2.3.4.1.1.   By Value

8.2.3.4.2.  Market Share & Forecast

8.2.3.4.2.1.   By Process

8.2.3.4.2.2.   By Solution

8.2.3.5. Malaysia Digital Oilfield Market Outlook

8.2.3.5.1.  Market Size & Forecast

8.2.3.5.1.1.   By Value

8.2.3.5.2.  Market Share & Forecast

8.2.3.5.2.1.   By Process

8.2.3.5.2.2.   By Solution

9.       Middle East & Africa Digital Oilfield Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Process

9.2.2.By Solution

9.2.3.By Country

9.2.3.1.  Saudi Arabia Digital Oilfield Market Outlook

9.2.3.1.1.  Market Size & Forecast

9.2.3.1.1.1.   By Value

9.2.3.1.2.  Market Share & Forecast

9.2.3.1.2.1.   By Process

9.2.3.1.2.2.   By Solution

9.2.3.2. Iran Digital Oilfield Market Outlook

9.2.3.2.1.  Market Size & Forecast

9.2.3.2.1.1.   By Value

9.2.3.2.2.  Market Share & Forecast

9.2.3.2.2.1.   By Process

9.2.3.2.2.2.   By Solution

9.2.3.3. UAE Digital Oilfield Market Outlook

9.2.3.3.1.  Market Size & Forecast

9.2.3.3.1.1.   By Value

9.2.3.3.2.  Market Share & Forecast

9.2.3.3.2.1.   By Process

9.2.3.3.2.2.   By Solution

9.2.3.4. Algeria Digital Oilfield Market Outlook

9.2.3.4.1.  Market Size & Forecast

9.2.3.4.1.1.   By Value

9.2.3.4.2.  Market Share & Forecast

9.2.3.4.2.1.   By Process

9.2.3.4.2.2.   By Solution

9.2.3.5. Kuwait Digital Oilfield Market Outlook

9.2.3.5.1.  Market Size & Forecast

9.2.3.5.1.1.   By Value

9.2.3.5.2.  Market Share & Forecast

9.2.3.5.2.1.   By Process

9.2.3.5.2.2.   By Solution

10.   South America Digital Oilfield Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value

10.2.   Market Share & Forecast

10.2.1.    By Process

10.2.2.    By Solution

10.2.3.    By Country

10.2.3.1.    Brazil Digital Oilfield Market Outlook

10.2.3.1.1.     Market Size & Forecast

10.2.3.1.1.1.  By Value

10.2.3.1.2.     Market Share & Forecast

10.2.3.1.2.1.  By Process

10.2.3.1.2.2.  By Solution

10.2.3.2.    Argentina Digital Oilfield Market Outlook

10.2.3.2.1.     Market Size & Forecast

10.2.3.2.1.1.  By Value

10.2.3.2.2.     Market Share & Forecast

10.2.3.2.2.1.  By Process

10.2.3.2.2.2.  By Solution

10.2.3.3.    Venezuela Digital Oilfield Market Outlook

10.2.3.3.1.     Market Size & Forecast

10.2.3.3.1.1.                       By Value

10.2.3.3.2.     Market Share & Forecast

10.2.3.3.2.1.                       By Process

10.2.3.3.2.2.                       By Solution

11.   Market Dynamics

11.1.   Drivers

11.2.   Challenges

12.   Market Trends & Developments

13.   Competitive Landscape

13.1.   Competition Matrix

13.2.   Company Profiles

13.2.1.    Schlumberger Limited

13.2.2.    The Halliburton Company

13.2.3.    Baker Hughes, A GE company

13.2.4.    Weatherford International plc

13.2.5.    Sinopec Oilfield Service Corporation

13.2.6.    Honeywell International Inc.

13.2.7.    Rockwell Automation, Inc.

13.2.8.    Accenture PLC

13.2.9.    Siemens AG

13.2.10.   International Business Machines (IBM) Corporation

14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

    Figure 1: Global Digital Oilfield Market Size, By Value, 2013-2023F (USD Billion)

    Figure 2: Global GDP Growth Rate, 2013-2023F

    Figure 3: Global Inflation Rate, Average Consumer Prices, 2013-2023F

    Figure 4: Global Natural Gas Production, 2013-2017 (Billion Cubic Meter)

    Figure 5: Global Crude Oil Consumption, By Region, 2013-2018E (Million Barrels Per Day)

    Figure 6: Global Average Annual Rig Count, 2000-2017 (Numbers)

    Figure 7: Global Digital Oilfield Market Share, By Process, By Value, 2013-2023F

    Figure 8: Global Digital Oilfield Market Share, By Solution, By Value, 2013-2023F

    Figure 9: Global Instrumentation & Automation Market Share, By Component, By Value, 2013-2023F

    Figure 10: Global Digital Oilfield Market, By Region, By Value, 2017 & 2023F

    Figure 11: Global Digital Oilfield Market Share, By Company, 2017 & 2023F

    Figure 12: Global Digital Oilfield Market Attractiveness Index, By Process, By Value, 2018E-2023F

    Figure 13: Global Digital Oilfield Market Attractiveness Index, By Solution, By Value, 2018E-2023F

    Figure 14: Global Digital Oilfield Market Attractiveness Index, By Region, By Value, 2018E-2023F

    Figure 15: North America Digital Oilfield Market Size, By Value, 2013 – 2023F (USD Billion)

    Figure 16: North America GDP at Current Prices, 2014-2020F (USD Trillion)

    Figure 17: North America GNI per Capita, Atlas Method, 2012-2017 (USD)

    Figure 18: North America Digital Oilfield Market Share, By Process, By Value, 2013-2023F

    Figure 19: North America Digital Oilfield Market Share, By Solution, By Value, 2013-2023F

    Figure 20: North America Digital Oilfield Market Share, By Country, By Value, 2013-2023F

    Figure 21: United States Digital Oilfield Market Size, By Value, 2013 – 2023F (USD Billion)

    Figure 22: United States Industrial Production Growth Rate, 2013-2017

    Figure 23: United States GDP, 2013-2018F (USD Trillion)

    Figure 24: United States Crude Oil Imports & Exports, 2010-2016 (Thousand Barrels Per Day)

    Figure 25: Number of Onshore Oil & Gas Wells Drilled in USA, By State, 2014-2017

    Figure 26: United States Digital Oilfield Market Share, By Process, By Value, 2013-2023F

    Figure 27:  United States Digital Oilfield Market Share, By Solution, By Value, 2013-2023F

    Figure 28: Canada Digital Oilfield Market Size, By Value, 2013-2023F (USD Billion)

    Figure 29: Canada Industrial Production Growth Rate, 2012-2017

    Figure 30: Canada GDP Growth Rate, 2013-2018F

    Figure 31: Canada Crude Oil Consumption, 2010-2016 (Thousand Barrels Per Day)

    Figure 32: Number of Onshore Oil & Gas Wells Drilled in Canada, 2014-2017

    Figure 33: Number of Active Oil & Gas Rigs in Canada, 2013-2017

    Figure 34: Canada Digital Oilfield Market Share, By Process, By Value, 2013-2023F

    Figure 35: Canada Digital Oilfield Market Share, By Solution, By Value, 2013-2023F

    Figure 36: Mexico Digital Oilfield Market Size, By Value, 2013 – 2023F (USD Billion)

    Figure 37: Mexico Industrial Production Growth Rate, 2012-2017

    Figure 38: Mexico GDP Per Capita, 2013-2018F (USD)

    Figure 39: Mexico Digital Oilfield Market Share, By Process, By Value, 2013–2023F

    Figure 40: Mexico Digital Oilfield Market Share, By Solution, By Value, 2013-2023F

    Figure 41: Europe Digital Oilfield Market Size, By Value, 2013–2023F (USD Billion)

    Figure 42: European Union GDP at Current Prices, 2013-2018F (USD Trillion)

    Figure 43: Emerging & Developing Europe Investment, 2013-2018F (% of GDP)

    Figure 44: Europe Digital Oi