Digital Oilfield Market Size, Share, Trends and Analysis by Product (Hardware, Software, Data Storage), End-Use (Onshore, Offshore), Region (North America, Europe, Asia Pacific) and Segment Forecast, 2022-2026

Pages: 130 Published: February 01, 2023 Report Code: GRCBBR00001OG

Digital Oilfield Market Report Overview

The digital oilfield market size was valued at US$ 35.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% during 2022-2026. The rise in the trend of digitalization in the oil & gas industry and increased return on investment is expected to drive the digital oilfield market growth.

Digital transformation in oil and gas is still primarily driven by the need to improve workplace safety, productivity, and asset life. Oil and gas infrastructure is an extremely capital-intensive setup, including production platforms in the upstream sector, and pipelines and refineries. Hence, companies are looking to maximize the operational life of these assets using technology, which is projected to drive the implementation of digital oilfield systems over the forecast period.

Digital Oilfield Market Outlook, 2022-2026 ($ billion)

Digital Oilfield Market Outlook, 2022-2026 ($ billion)

 

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The market is expected to witness rapid growth owing to the increasing implementation of digital solutions to enhance the productivity. Digital oilfields are being deployed to enable remote monitoring and automated operations at oilfields. Companies intend to implement additional functionalities, particularly with the use of digital twins, to foresee the outcome of new processes, technologies, and capacity expansions over the entire lifecycle of the asset.

Digital Oilfield Market Segmentation by Product

Based on product, the digital oilfield market is categorized into hardware, software, and data storage. In 2021. Hardware segment dominated the market in 2021, with market share over 53% and the trend is expected to continue over the forecast period. Hardware based resources creates data center infrastructure which includes switches, storage systems, servers, routers, and security devices which are used to control and monitor a process or application.

Software category provides automation into the operations of oil and gas companies, which improve the profitability of the production process. Artificial intelligence, digital twins, and software as a service (SaaS) are some of the commonly used software solutions. Software is used across the upstream, midstream, and downstream value chain to provide various solutions including health and safety inspection, sample analysis, dashboards, field service management, and well locator.

Digital Oilfield Market Share by Product, 2022 (%)

Digital Oilfield Market Share by Product, 2022 (%)

 

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Data storage is gaining momentum as companies are focusing on deployment of scalable cloud-based platforms to populate data from disparate oil fields for analysis and decision making. For instance, in 2019, Emerson added a cloud-based software platform to its portfolio of exploration and production solutions and teamed up with Repsol to further enhance the capabilities of this platform for the evaluation of seismic data.

Cloud computing for data storage is rapidly emerging as a superior cost-effective alternative for oil and gas companies over data centers. It provides companies with the option of rapidly scaling up storage capacity, depending on the market developments, without having to maintain data centers of their own. Moreover, technology companies have considerably upgraded their data security and analytics capabilities for handling critical data and solving complex business problems in industrial applications.

Digital Oilfield Market Segmentation by End-use

Digital oilfield end-use segment is classified in two categories, namely, onshore and offshore. The onshore segment dominated the market in 2021 and is projected reach US$ 29.86 billion by 2026. This can be attributed to presence of large number of land reserves, coupled with ease of access to large onshore reservoirs and less complex operations as compared to offshore oilfields.

Digital Oilfield Market Share by End-use, 2022 (%)

Digital Oilfield Market Share by End-use, 2022 (%)

 

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The offshore segment is expected to witness significant growth and is projected to grow at a CAGR of 5.2% over the forecast period, on account of large number of untapped oil & gas reserves and harsh environment for exploration and production activities. In addition, the segment is expected to witness high penetration as the oil companies are focusing on improving the operation efficiency and production output in order to increase the profit margins against their investments.

Digital Oilfield Market Analysis by Region

North America dominated the digital oilfield market in 2021 in terms of revenue and the trend is expected to continue over the forecast period. This can be attributed to high oil & gas production in the region, increase in digital maturity, and presence of key players in the region. Increasing awareness regarding the benefits of digital oilfield to improve the efficiency across upstream, midstream, and downstream operations is expected to drive the market growth.

Significant growth is projected to be observed in European digital oilfield market due to heightened geopolitical tensions including ongoing Russia-Ukraine conflict. The conflict between Russia and Ukraine has resulted in more dependency on digital transformation to enhance production and expand production. Norway and the UK are projected to generate new potential for the deployment of digital oilfield technologies over the forecast period owing to their maturing offshore fields.

Asia Pacific Digital Oilfield Market Share by Country, 2022 (%)

Asia Pacific Digital Oilfield Market Share by Country, 2022 (%)

 

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The presence of growing economies such as China, India, and Indonesia with significant oil & gas production capacities is expected to boost the demand for digital oilfield in Asia Pacific. Continuous R&D activities for wireless technologies, data analysis & gathering, and collection platforms is likely to boost the industry growth. In addition, increase in exploration and production activities across onshore and offshore is estimated to stimulate the market for digital oilfield in the region.

Middle East& Africa is the second largest market for digital oilfield in terms of value in 2021. Heavy investments have given an impetus to oil and gas exploration in the region, ensuring increasing demand for digital oilfield. The emerging markets in the Middle East present huge opportunities for digital oilfield companies. The upcoming infrastructure projects of oil and gas and energy in Iran and Saudi Arabia are also expected to drive the digital oilfield market in the region.

Digital Oilfield Market - Competitive Landscape

The digital oilfield market is consolidated in nature and is dominated by oilfield service providers and industrial equipment makers that offer digital solutions and services to address complex business problems. Digital oilfield products/solutions market is rapidly becoming an integral part of the oil and gas industry, bringing in game-changing disruptions to upstream oil and gas operations. Oil majors—such as BP, Shell, and Equinor—have garnered considerable support in implementing technologies to make digital oilfield technology a reality.

Leading Players in the Digital Oilfield Market

  • SLB
  • Weatherford
  • Baker Hughes Company
  • Halliburton
  • NOV Inc.
  • ABB
  • Emerson Electric Co.
  • Rockwell Automation, Inc.
  • Siemens
  • Honeywell International Inc
  • Kongsberg
  • CGG
  • Digi International Inc.
  • Pason Systems Corp.
  • IBM

Digital oilfield is a rapidly evolving technology bring in efficient measures to the global oil and gas sector. The market participants within this industry are continuously making strategic agreements with the project owners to deploy this technology and enable faster transition towards a digitalized way of producing oil and gas.

Other Digital Oilfield Market Companies Mentioned

Aviat Networks Inc., Oleumtech, Petrolink, Katalyst Data management, Microsoft, Schneider Electric, eDrilling, Quorum Business Solutions, Inc., SUBSEA7, RigNet, Inc.

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Digital Oilfield Market Research Scope

Market Size 2022 US$ 35.05 billion
Market Size 2026 US$ 43.54 billion
CAGR (2022-2026) 5.9%
Forecast Period 2022-2026
Historic Data 2019-2021
Report Scope & Coverage Revenue Forecast, Competitive Index, Company Market Share, Growth Trends
Product Segment Software, Hardware, Data Storage
End-use Segment Onshore, Offshore
Key Companies Halliburton (US), Schlumberger (US), Baker Hughes (US), Weatherford International (US), NOV, Rockwell Automation and ABB

Digital Oilfield Market Segments and Scope

GlobalData Plc has segmented the digital oilfield market report by product, end-use, and region:

Digital Oilfield Product Outlook (Revenue, US$ Million, 2019-2026)

  • Software
  • Hardware
  • Data Storage

Digital Oilfield End-use Outlook (Revenue, US$ Million, 2019-2026)

  • Onshore
  • Offshore

Digital Oilfield Regional Outlook (Revenue, US$ Million, 2019-2026)

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Norway
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Indonesia
  • Rest of Asia Pacific
  • Central & South America
  • Brazil
  • Argentina
  • Rest of South & Central America
  • Middle East & Africa
  • Iraq
  • Saudi Arabia
  • UAE
  • Algeria
  • Rest of Middle East & Africa

The market intelligence report provides an in-depth analysis of the following –

  • Digital oilfield market outlook: analysis as well as historical figures and forecasts of revenue opportunities from the product, end-use, and regional segments.
  • The competitive landscape: an examination of the positioning of leading players in the digital oilfield market.
  • Company snapshots: analysis of the market position of leading service providers in the digital oilfield market.
  • Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Reasons to Buy

  • This market intelligence report offers a thorough, forward-looking analysis of the global digital oilfield market by product, end-use, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
  • Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in digital oilfield markets.
  • The report also highlights key product segments (Hardware, Software, Data Storage)
  • The report also highlights key end-use segments (Onshore and Offshore)
  • With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
  • The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in digital oilfield markets.
  • The broad perspective of the report coupled with comprehensive, actionable detail will help oil & gas stakeholders, service providers, and other digital oilfield players succeed in growing the digital oilfield market globally.

Key Players

Schlumberger (SLB)
Weatherford
Baker Hughes Company
Halliburton
NOV Inc.
ABB
Emerson Electric Co.
Rockwell Automation, Inc.
Siemens
Honeywell International Inc
Kongsberg
CGG
Digi International Inc.
Pason Systems Corp.
IBM

Table of Contents

  • CHAPTER 01 Executive Summary

    • 1.1 Digital Oilfield Market Snapshot

  • CHAPTER 02 Research Scope & Segmentation
  • CHAPTER 03 Digital Oilfield Industry Trend Analysis

    • 3.1 Macroeconomic Indicators
    • 3.2 Digital Oilfield – Industry Value Chain

      • 3.2.1 Devices and Equipment
      • 3.2.2 Connectivity
      • 3.2.3 Data Analytics
      • 3.2.4 Visualization Tools
      • 3.2.5 Digital Oilfield Services

    • 3.3 Technological Trends

      • 3.3.1 Oil & Gas Sector Trends

    • 3.4 Industry Analysis

      • 3.4.1 North Sea
      • 3.4.2 US Lower 48
      • 3.4.3 Persian Gulf
      • 3.4.4 Southeast Asia
      • 3.4.5 Western Africa

    • 3.5 Digital Oilfield Market Structure – PORTER’s Analysis
    • 3.6 Digital Oilfield – Market Variables & Impact Analysis

      • 3.6.1 Market Driver Analysis

        • 3.6.1.1 Technological Adoption Gaining Momentum
        • 3.6.1.2 Increasing Focus to Enhance Productivity
        • 3.6.1.3 Shift Towards Industry

          4.0

      • 3.6.2 Market Challenges/Impediments

        • 3.6.2.1 Lack of Digital Maturity
        • 3.6.2.2 Limited Availability Of Skilled Talent
        • 3.6.2.3 Prone to Cyberattacks

    • 3.7 COVID-19 Impact Analysis

      • 3.7.1 Challenges
      • 3.7.2 Road To Recovery

    • 3.8 Mergers & Acquisitions

      • 3.8.1 Major Deals and Strategic Alliances

    • 3.9 Case Study

      • 3.9.1 Digital Twins
      • 3.9.2 Automated Production Platform

  • CHAPTER 04 Global Digital Oilfield Revenue Opportunity

    • 4.1 Global Market Revenue Snapshot
    • 4.2 Global Digital Oilfield Market By Product
    • 4.3 Global Digital Oilfield Market By End-Use

  • CHAPTER 05 Digital Oilfield Regional Outlook

    • 5.1 Digital Oilfield – Regional Deep Dive
    • 5.2 North America Digital Oilfield Market Snapshot

      • 5.2.1 North America Digital Oilfield Market By Product
      • 5.2.2 North America Digital Oilfield Market By End-Use
      • 5.2.3 U.S. Digital Oilfield MarkeT

        • 5.2.3.1 US Digital Oilfield Market By Process
        • 5.2.3.2 US Digital Oilfield Market By End-use

      • 5.2.4 Canada Digital Oilfield Market

        • 5.2.4.1 Canada Digital Oilfield Market By Product
        • 5.2.4.2 Canada Digital Oilfield Market By End-use

      • 5.2.5 Mexico Digital Oilfield MarkeT

        • 5.2.5.1 Mexico Digital Oilfield Market By Product
        • 5.2.5.2 Mexico Digital Oilfield Market By End-use

    • 5.3 Europe Digital Oilfield Market Snapshot

      • 5.3.1 Europe Digital Oilfield Market By Product
      • 5.3.2 Europe Digital Oilfield Market By End-Use
      • 5.3.3 Uk Digital Oilfield Market

        • 5.3.3.1 UK Digital Oilfield Market By Product
        • 5.3.3.2 UK Digital Oilfield Market By End-use

      • 5.3.4 Norway Digital Oilfield Market

        • 5.3.4.1 Norway Digital Oilfield Market By Product
        • 5.3.4.2 Norway Digital Oilfield Market By End-use

      • 5.3.5 Russia Digital Oilfield Market

        • 5.3.5.1 Russia Digital Oilfield Market By Product
        • 5.3.5.2 Russia Digital Oilfield Market By End-use

      • 5.3.6 Rest of Europe Digital Oilfield Market

        • 5.3.6.1 Rest of Europe Digital Oilfield Market By Product
        • 5.3.6.2 Rest of Europe Digital Oilfield Market By End-use

    • 5.4 Asia Pacific Digital Oilfield Market Snapshot

      • 5.4.1 Asia Pacific Digital Oilfield Market By Product
      • 5.4.2 Asia Pacific Digital Oilfield Market By End-Use
      • 5.4.3 China Digital Oilfield Market

        • 5.4.3.1 China Digital Oilfield Market By Product
        • 5.4.3.2 China Digital Oilfield Market By End-use

      • 5.4.4 India Digital Oilfield Market

        • 5.4.4.1 India Digital Oilfield Market By Product
        • 5.4.4.2 India Digital Oilfield Market By End-use

      • 5.4.5 Indonesia Digital Oilfield Market

        • 5.4.5.1 Indonesia Digital Oilfield Market By Product
        • 5.4.5.2 Indonesia Digital Oilfield Market By End-use

      • 5.4.6 Rest of Asia Pacific Digital Oilfield Market

        • 5.4.6.1 Rest of Asia Pacific Digital Oilfield Market By Product
        • 5.4.6.2 Rest of Asia Pacific Digital Oilfield Market By End-Use

    • 5.5 Central & South America Digital Oilfield Market Snapshot

      • 5.5.1 Central & South America Digital Oilfield Market By Product
      • 5.5.2 Central & South America Digital Oilfield Market By End-Use
      • 5.5.3 Brazil Digital Oilfield Market

        • 5.5.4.1 Brazil Digital Oilfield Market By Product
        • 5.5.4.2 Brazil Digital Oilfield Market By End-Use

      • 5.5.5 Argentina Digital Oilfield Market

        • 5.5.5.1 Argentina Digital Oilfield Market By Product
        • 5.5.5.2 Argentina Digital Oilfield Market By End-use

      • 5.5.6 Rest of Central & South America Digital Oilfield Market

        • 5.5.6.1 Rest of Central & South America Digital Oilfield Market By Product
        • 5.5.6.2 Rest of Central & South America Digital Oilfield Market By End-Use

    • 5.6 Middle East & Africa Digital Oilfield Market Snapshot

      • 5.6.1 Middle East & Africa Digital Oilfield Market By Product
      • 5.6.2 Middle East & Africa Digital Oilfield Market By End-Use
      • 5.6.3 Iraq Digital Oilfield Market

        • 5.6.3.1 Iraq Digital Oilfield Market By Product
        • 5.6.3.2 Iraq Digital Oilfield Market By End-use

      • 5.6.4 Saudi Arabia Digital Oilfield Market

        • 5.6.4.1 Saudi Arabia Digital Oilfield Market By Product
        • 5.6.4.2 Saudi Arabia Digital Oilfield Market By End-use

      • 5.6.5 Uae Digital Oilfield Market

        • 5.6.5.1 UAE Digital Oilfield Market By Product
        • 5.6.5.2 UAE Digital Oilfield Market By End-use

      • 5.6.6 Algeria Digital Oilfield Market

        • 5.6.6.1 Algeria Digital Oilfield Market By Product
        • 5.6.6.2 Algeria Digital Oilfield Market By End-use

      • 5.6.7 Rest of Middle East & Africa Digital Oilfield Market

        • 5.6.7.1 Rest of Middle East & Africa Digital Oilfield Market By Product
        • 5.6.7.2 Rest of Middle East & Africa Digital Oilfield Market By End-use

  • CHAPTER 06 Global Digital Oilfield Competitive Landscape

    • 6.1 Key Players & Recent Developments & Their Impact on the Industry

      • 6.1.1 Participation Categorization

        • 6.1.1.1 Hardware
        • 6.1.1.2 Software
        • 6.1.1.3 Data Storage

    • 6.2 Oil and Gas Sector Scorecard
    • 6.3 Thematic Screen
    • 6.4 Valuation Screen

  • CHAPTER 07 Company Profiles

    • 7.1 Schlumberger (SLB)
    • 7.2 Weatherford
    • 7.3 Baker Hughes Company
    • 7.4 Halliburton
    • 7.5 NOV Inc.
    • 7.6 ABB
    • 7.7 Emerson Electric Co.
    • 7.8 Rockwell Automation, Inc.
    • 7.9 Siemens
    • 7.10 Honeywell International Inc
    • 7.11 Kongsberg
    • 7.12 CGG
    • 7.13 Digi International Inc.
    • 7.14 Pason Systems Corp.
    • 7.15 IBM
    • 7.16 Aviat Networks Inc.,
    • 7.17 Oleumtech
    • 7.18 Petrolink
    • 7.19 Katalyst Data management
    • 7.20 Microsoft
    • 7.21 Schneider Electric
    • 7.22 eDrilling
    • 7.23 Quorum Business Solutions, Inc.
    • 7.24 SUBSEA7
    • 7.25 RigNet, Inc.

  • CHAPTER 08 Research Methodology

    • 8.1 Research Methodology Steps

      • 8.1.1 Data Collection and Consolidation
      • 8.1.2 Modelling and Estimation
      • 8.1.3 Forecasting and Validation

  • CHAPTER 09 About GlobalData
  • Contact Us

List of Tables

Table 1 Key Trends Overview

Table 2 Key Macroeconomic Trends

Table 3 Technology Trends

Table 4 Oil & Gas Sector Trends

Table 5 List of Mergers & Acquisitions

Table 6 Digital Twins in Oil and Gas Sector

Table 7 Global Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 8 Global Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 9 North America Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 10 North America Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 11 US Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 12 US Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 13 Canada Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 14 Canada Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 15 Mexico Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 16 Mexico Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 17 Europe Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 18 Europe Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 19 UK Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 20 UK Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 21 Norway Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 22 Norway Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 23 Russia Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 24 Russia Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 25 Rest of Europe Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 26 Rest of Europe Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 27 Asia Pacific Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 28 Asia Pacific Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 29 China Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 30 China Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 31 India Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 32 India Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 33 Indonesia Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 34 Indonesia Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 35 Rest of Asia Pacific Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 36 Rest of Asia Pacific Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 37 Central & South America Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 38 Central & South America Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 39 Brazil Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 40 Brazil Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 41 Argentina Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 42 Argentina Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 43 Rest of Central & South America Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 44 Rest of Central & South America Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 45 Middle East & Africa Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 46 Middle East & Africa Digital Oilfield Market By End-Use, 2019 – 2026 (US$ Million)

Table 47 Iraq Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 48 Iraq Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 49 Saudi Arabia Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 50 Saudi Arabia Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 51 UAE Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 52 UAE Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 53 Algeria Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 54 Algeria Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

Table 55 Rest of Middle East & Africa Digital Oilfield Market By Product, 2019 – 2026 (US$ Million)

Table 56 Rest of Middle East & Africa Digital Oilfield Market By End-use, 2019 – 2026 (US$ Million)

List of Figures

Fig.1 Digital Oilfield Market Snapshot

Fig.2 Digital Oilfield Market Overview

Fig.3 Digital Oilfield Market Segmentation

Fig.4 How does the digital oilfield value chain interact with the oil & gas industry value chain?

Fig.5 Digital Oilfield Industry Value Chain

Fig.6 Digital Oilfield Value Chain: Devices and Equipment

Fig.7 Digital Oilfield Value Chain: Connectivity

Fig.8 Digital Oilfield Value Chain: Data Analytics

Fig.9 Digital Oilfield Value Chain: Visualization Tools

Fig.10 Digital Oilfield Value Chain: Digital Oilfield Services

Fig.11 Digital Oilfield Value Chain: Digital Oilfield Services

Fig.12 North Sea Oil and Gas Projects Led in Contract Activity for Digital Technologies

Fig.13 Global Digital Oilfield PORTER’s Five Force Analysis

Fig.14 Digital Oilfield Market – Key Drivers Impact Analysis

Fig.15 Digital Oilfield– Key Market Challenges/Impediments Impact Analysis

Fig.16 Global Digital Oilfield Market – Revenue Opportunity Forecast, 2019-2026 (US$ Million)

Fig.17 Global Digital Oilfield Market By Product, 2019-2026 (US$ Million)

Fig.18 Global Digital Oilfield Market By End-Use, 2019-2026 (US$ Million)

Fig.19 Digital Oilfield– Market Overview

Fig.20 North America Digital Oilfield Market Snapshot

Fig.21 North America Digital Oilfield Market By Product Share – 2021 & 2026 (%)

Fig.22 North America Digital Oilfield Market By End-Use Share – 2021 & 2026 (%)

Fig.23 US Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.24 US Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.25 Canada Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.26 Canada Digital Oilfield End-Use Share – 2021 & 2026 (%)

Fig.27 Mexico Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.28 Mexico Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.29 Europe Digital Oilfield Market Snapshot

Fig.30 Europe Digital Oilfield Market By Product Share – 2021 & 2026 (%)

Fig.31 Europe Digital Oilfield Market By End-use Share – 2021 & 2026 (%)

Fig.32 UK Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.33 UK Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.34 Norway Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.35 Norway Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.36 Russia Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.37 Russia Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.38 Rest of Europe Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.39 Rest of Europe Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.40 Asia Pacific Digital Oilfield Market Snapshot

Fig.41 Asia Pacific Digital Oilfield Market By Product Share – 2021 & 2026 (%)

Fig.42 Asia Pacific Digital Oilfield Market By End-use Share – 2021 & 2026 (%)

Fig.43 China Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.44 China Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.45 India Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.46 India Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.47 Indonesia Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.48 Indonesia Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.49 Rest of Asia Pacific Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.50 Rest of Asia Pacific Digital Oilfield End-Use Share – 2021 & 2026 (%)

Fig.51 Central & South America Digital Oilfield Market Snapshot

Fig.52 Central & South America Digital Oilfield Market By Product Share – 2021 & 2026 (%)

Fig.53 Central & South America Digital Oilfield Market By End-Use Share – 2021 & 2026 (%)

Fig.54 Brazil Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.55 Brazil Digital Oilfield End-Use Share – 2021 & 2026 (%)

Fig.56 Argentina Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.57 Argentina Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.58 Rest of Central & South America Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.59 Rest of Central & South America Digital Oilfield End-Use Share – 2021 & 2026 (%)

Fig.60 Middle East & Africa Digital Oilfield Market Snapshot

Fig.61 Middle East & Africa Digital Oilfield Market By Product Share – 2021 & 2026 (%)

Fig.62 Middle East & Africa Digital Oilfield Market By End-use Share – 2021 & 2026 (%)

Fig.63 Iraq Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.64 Iraq Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.65 Saudi Arabia Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.66 Saudi Arabia Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.67 UAE Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.68 UAE Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.69 Algeria Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.70 Algeria Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.71 Rest of Middle East & Africa Digital Oilfield Product Share – 2021 & 2026 (%)

Fig.72 Rest of Middle East & Africa Digital Oilfield End-use Share – 2021 & 2026 (%)

Fig.73 Integrated Oil and Gas Companies Scorecard

Fig.74 Thematic Screen

Fig.75 Valuation Screen

Fig.76 Research Methodology Steps

Fig.77 Core Objectives of Data Collection and Consolidation

Fig.78 Data Analysis Model

Fig.79 Modelling Approach

Fig.80 Forecasting and Validation Flow

Fig.81 GlobalData Proposition and Product Capabilities

Fig.82 GlobalData Sector Coverage

Fig.83 Supporting business-critical decision making at the largest & most successful companies

Frequently Asked Questions

The digital oilfield market size globally was valued at US$ 35.05 billion in 2022.

The digital oilfield market size is expected to reach US$ 43.54 billion by 2026

The digital oilfield market is expected to grow at a CAGR of 5.9% during the forecast period (2022-2026).

Increasing focus to enhance productivity in the oil & gas sector, rising technological adoption to improve the output, and shift towards industry 4.0 are some of the factors which are expected to drive the growth of digital oilfield market across the globe.

Product Segments: Hardware, Software, Data Storage

End-use Segments: Onshore and Offshore

Some of the leading digital oilfield companies are Halliburton (US), Schlumberger (US), Baker Hughes (US), Weatherford International (US), and NOV.

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GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods