NJ New Jersey, USA -- (SBWIRE) -- 05/30/2023 -- Latest added Digital Oilfield Technology Market research study by AMA Research offers detailed outlook and elaborates market review till 2027. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Halliburton (United States), Schlumberger (United States), Anadarko Petroleum (United States), Equinor (Norway), Chevron Corporation (United States), Weatherford International (United States), Blue River Analytics (United States) etc.
The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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Digital Oilfield Technology Market Definition:
Digital oilfield is an emerging concept which deals with the application of digital technologies to oil and gas industry processes and workflows. It is a concept that syndicates business process management with digital technologies to automate workflows for increasing productivity, reducing costs and decreasing the overall risks associated with oil and gas operations.
Market Influencers and their development strategies: On 10th May 2021, Schlumberger and NOV announce the collaboration to boost adoption of automated drilling solutions. The collaboration will allows customers to combine Schlumberger surface and downhole drilling automation solutions with NOV's rig automation platform to deliver superior well construction performance.
This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Digital Oilfield Technology Market research report include SWOT analysis.
Opportunities:
- Rising Demand from Oil and Gas Industry
- Increasing Pace of Technology
Influencing Trend:
- Technological Advancement over the Globe
- Stepping into the Digital Future with IoT
Market Growth Drivers:
- Growing Oil and Gas Companies
The Global Digital Oilfield Technology segments and Market Data Break Down are illuminated below:
by Type (Operational efficiency, Production optimization, Collaboration, Decision support, Others), Application (Instrumentation & Automation, IT Expenditure), Technology (Artificial Intelligence (AI), The Internet of Things (IoT), Augmented Reality, Mobile Connectivity, Cloud), Solution (Service, Software, Others)
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The regional analysis of Global Digital Oilfield Technology Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2021-2027.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Strategic Points Covered in Table of Content of Global Digital Oilfield Technology Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Digital Oilfield Technology market
Chapter 2: Exclusive Summary – the basic information of the Digital Oilfield Technology Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Digital Oilfield Technology
Chapter 4: Presenting the Digital Oilfield Technology Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Digital Oilfield Technology market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Digital Oilfield Technology Market is a valuable source of guidance for individuals and companies.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Digital Oilfield Technology market?
- What are the key concerns of the five forces analysis of the Global Digital Oilfield Technology market?
- What are different prospects and threats faced by the dealers in the Global Digital Oilfield Technology market?
- What are the strengths and weaknesses of the key vendors?
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article, we can also provide customized report as per company's specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.