Digital Oilfield

Global Market Trajectory & Analytics

MCP11552

EXECUTIVE ENGAGEMENTS

POOL

18801
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1882
Interactions with Platform & by Email

PARTICIPANTS

376
Unique # Participated

VALIDATIONS

98
Responses Validated*

COMPANIES

12
Responses Validated*
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DATE

APR 2021

TABLES

102

PAGES

144

EDITION

6

PRICE

USD 4950

CODE

MCP11552


COMPETITIVE METRICS

COMPANY

D S N T

% *

ABB Ltd.

Baker Hughes Company

CGG S.A.

Digi International, Inc.

Digital Oilfield Solutions

EDG, Inc.

Emerson Electric Company

FieldEquip

Halliburton Company

Honeywell International, Inc.

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HIGHLIGHTS & REPORT INDEX

Global Digital Oilfield Market to Reach $34.5 Billion by 2026

Amid the COVID-19 crisis, the global market for Digital Oilfield estimated at US$25.8 Billion in the year 2020, is projected to reach a revised size of US$34.5 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$17 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Service segment is readjusted to a revised 4.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.1 Billion in 2021, While China is Forecast to Reach $6.1 Billion by 2026

The Digital Oilfield market in the U.S. is estimated at US$8.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2026 trailing a CAGR of 4.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Data Storage Segment to Reach US$8.1 Billion by the year 2026

In the global Data Storage segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.9 Billion in the year 2020 will reach a projected size of US$6.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

SELECT PLAYERS

ABB Ltd.; Baker Hughes, a GE company; CGG S.A.; Digi International, Inc.; EDG, Inc.; Emerson Electric Co.; Halliburton; Honeywell International, Inc.; Ihs Markit Ltd.; Kongsberg Group; National Oilwell Varco, Inc.; OleumTech; Pason Systems Corp.; Petrolink International Ltd. (Isle of Man); Redline Communications; Rockwell Automation Inc.; Schlumberger Ltd.; Siemens AG; Weatherford International Ltd.

SEGMENTS

» Application (On-shore, Off-shore) » Process (Production Optimization, Drilling Optimization, Reservoir Optimization, Other Processes) » Solution (Hardware, Software & Service, Data Storage)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
Digital Oilfield Driving Next Wave of Digital Transformation in the Oil and Gas Industry
Exhibit: Global Oil Production (In Million Metric Tons) for the Years 2014-2019
Exhibit: Stable Long-Term Outlook Projected for Crude Oil Demand Bodes Well for Market Prospects: Daily Global Crude Oil Demand (In Million Barrels) for the Years 2017, 2018, 2019, 2020, 2021 & 2040
North America to Dominate Overall Market Growth
Production Optimization to Witness High Growth in Process Segment
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Technology Growth and Advancements Spearheads Demand for Digital Oilfield
Market to Benefit from Growing Application of Digital Oilfield Technology in Exploration and Production Activities
Stable Growth Outlook for E&P Industry Bodes Well
Exhibit: Global Investments (In US$ Billion) in Oil Exploration and Production for the Years 2015 to 2019
Notable Implementations of Digital Oilfield
Rebound in Offshore Oil and Gas Sector Presents Opportunities for Adoption of Digital Technologies
Exhibit: Global Offshore Oil Drilling Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2027
Growing Demand for Remote Management of Oil Fields and High ROI Strengthens the Business Case for Digital Oilfield
Growing Focus on Smart Wells Driven by Increased Drilling Activities in Deepwater and Ultra-Deepwater
Revitalization of Mature Fields and Wells: A Major Market Opportunity
Innovations in Digital Oilfield Market
Modern Wireless Technology Crucial to Oilfield Communications
Application of Artificial Intelligence to Improve Digital Oilfield Operations
Key Role of 5G in Shaping the Future of Digital Oilfield
Key Challenges Facing the Market
Cybersecurity Concerns Pose a Threat to Market Growth
Lack of Interoperability of Different System Components
Application of Numerous Analytics Tools Delays Decision-Making Process
An Overview of Covid-19 Impact on Digital Oilfield Market
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Digital Oilfield by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Digital Oilfield by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
World Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Software & Service by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Software & Service by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Data Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Data Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Production Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Production Optimization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Drilling Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Drilling Optimization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Reservoir Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Reservoir Optimization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Other Processes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Processes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for On-shore by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for On-shore by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Off-shore by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Off-shore by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
USA Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
USA Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
CANADA
Canada Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Canada Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Canada Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
JAPAN
Japan Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Japan Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Japan Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
CHINA
China Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
China Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
China Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
EUROPE
Europe Current & Future Analysis for Digital Oilfield by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Digital Oilfield by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
Europe Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Europe Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Europe Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
Growth in Europe Driven by the Rise in Offshore Activities and High Number of Mature Oil & Gas Fields
FRANCE
France Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
France Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
France Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
GERMANY
Germany Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Germany Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Germany Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
ITALY
Italy Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Italy Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Italy Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
UK Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
UK Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Rest of Europe Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Rest of Europe Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Asia-Pacific Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Asia-Pacific Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Digital Oilfield by Solution - Hardware, Software & Service and Data Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Digital Oilfield by Solution - Percentage Breakdown of Value Sales for Hardware, Software & Service and Data Storage for the Years 2020 & 2027
Rest of World Current & Future Analysis for Digital Oilfield by Process - Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Digital Oilfield by Process - Percentage Breakdown of Value Sales for Production Optimization, Drilling Optimization, Reservoir Optimization and Other Processes for the Years 2020 & 2027
Rest of World Current & Future Analysis for Digital Oilfield by Application - On-shore and Off-shore - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Digital Oilfield by Application - Percentage Breakdown of Value Sales for On-shore and Off-shore for the Years 2020 & 2027
Total Companies Profiled: 12

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