Global Digital Oilfield Industry Analysis of Growth Marquise Blair Seahawks Jersey , Trends and Forecasts 2018-2023 | Ozone Market Reports by Ozone Market Reports · September 19, 2018
Ozone Market Reports projects that the Digital Oilfield market size will grow from USD 27.20 Billion in 2017 to USD 35.14 Billion by 2023, at an estimated CAGR of 4.36%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The growth of the market is attributed to the competition in the oil & gas industry for the market share, resulting in production focused solutions being implemented in the mature and newly developed fields. Currently, fiscal oil present in the global market exceeds the demand this is the major reason for oil price slump. This decline has impacted the CAPEX for field development. Therefore, the target is solely on efficient and economic recovery of g the various processes for which DOF solutions are employed, production optimization is expected to be the largest market. The segment is also expected to have the highest CAGR, due to increased investments for optimizing production levels worldwide. Operators have plans to implement these solutions in some of the highest producing fields. Thus, these factors are expected to drive the market of production optimization followed by reservoir optimization.
By Market Players: Schlumberger Limited聽, Halliburton Company聽, Baker Hughes Incorporated聽, National Oilwell Varco, Inc.聽, Weatherford International PLC聽, Paradigm Limited聽, IHS Inc.聽, Pointcross Inc.聽, Katalyst Data Management聽, Ovation Data Services, Inc.聽, CGG S.A.聽, DIGI International Inc.聽, Honeywell International Inc.聽, Kongsberg GruppenAsa聽, Pason Systems Inc.聽, Redline Communications Group Inc.聽, Rockwell Automation, Inc.聽, Siemens AG聽, EDG, Inc.聽, Oleumtech Corporation
By Process Production Optimization聽, Drilling Optimization聽, Reservoir Optimization聽, Others Processes,
By Service Instrumentation & Automation聽, It Expenditure, ,
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