Technology

Onshore Digital Oilfield Services Market – Overview On Demanding Applications 2031

With the recuperation of the oil & gas industry from the oil price crisis, several oil companies are investing in oil exploration and production (E & P) to recover losses and cater to the rising demand for oil & gas products across the globe. For the same, oil & gas companies are opting for digital oilfield services that integrate oil production, engineering, security and maintenance operations.  Through the integration of oilfield operations, digital oilfield services help reduce operation costs with quick & precise decision-making, thereby improving the overall productivity of the entire operation.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2884

Through digital oilfield services, entire oil & gas field operations, starting from drilling, reservoir evaluation, oilfield fluids, stimulation and completions, among other operations are flawlessly, rapidly, optimally and safely executed. Digital oilfield services offer several advantages such as improved compliance and safety, track preventive maintenance throughout the operation, scheduling of tasks, analysis of real-time field data & management and reduced cost of operation. Thus, digital oilfield services not only balance the production demand gap but also streamline data collection, validation and surveillance, among other processes.

In the upstream operation, digital oilfield services witness demand for security applications, minimization of operational expenditure and optimum utilization of available resources, among other applications. Moreover, incessant research, improvisation and development of new technologies in digital oilfield services is the key reason contributing to the growth of the digital oilfield services industry. For instance, integrating new technologies in digital oilfield services such as the Internet of Things (IoT), mobility and cloud computing, among others enhances data capture capacity and improves the decision making ability. Thus, with the development of oil E&P activates across the globe, the demand for digital oilfield services is expected to grow significantly over the forecast period

To receive extensive list of important regions, ask for TOC here – https://www.factmr.com/connectus/sample?flag=T&rep_id=2884

Digital Oilfield Services Market: Segmentation

On the basis of type of services, the global digital oilfield services market has been segmented as,

  • Automation service
  • Instrumentation services
  • Security services
  • Other digital oilfield services

On the basis of application, the global digital oilfield services market has been segmented as,

  • Onshore
  • Offshore

On the basis of end use, the global digital oilfield services market has been segmented as,

  • Upstream
  • Midstream
  • Downstream

Pre-Book Right Now for Exclusive Analyst Support – https://www.factmr.com/checkout/2884/S

Digital Oilfield Services Market: Market Participants

The digital oilfield services market is a highly fragmented one. A myriad of smaller players are present in the market where the top 10 key players account for over one-third of the digital oilfield services marketOver the recent past, it has been observed that several digital oilfield service providers are signing agreements with oil exploration and production companies to gain a competitive edge over other digital oilfield services providers. For Instance, in 2017, Halliburton and Microsoft collaborated to digitally transform the oil and gas industry and deliver intelligent cloud solutions. Deploying such solutions will drive the next generation of efficient oil and gas exploration and production.

Some of the key players identified across the value chain of the global digital oilfield services market are:

  1. Halliburton Company
  2. Schlumberger Limited
  3. General Electric
  4. Siemens AG
  5. Kongsberg Gruppen
  6. The Emerson Electric Company
  7. Pason Systems Corp.
  8. Rockwell Automation, Inc.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Back to top button