Global Digital Oilfield Solutions Market Outlook 2016-2022: Market is expected to grow from $28.31 billion in 2016 to reach $40.61 billion by 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Digital
Oilfield Solutions – Global Market Outlook (2016-2022)" report
has been added to Research and Markets' offering.

The Global Digital Oilfield Solutions market is expected to grow from
$28.31 billion in 2016 to reach $40.61 billion by 2022 with a CAGR of
6.1%.

Growing exploration & production activities, increasing demand to
minimize production costs, and raising safety concerns are some of the
factors fueling the market growth. In addition, recent technological
developments in oilfield solutions are bolstering the market growth.
However, fluctuating oil prices, low adoption of new technologies are
limiting the market growth.

Automation & Instrumentation segment is expected to witness a highest
growth rate during the forecast period due to limited human capital in
industry and optimize the costs of automated oilfield process. Middle
East is one of the key markets for digital oilfield solutions. North
America region has a significant share in the overall global market and
is anticipated to provide lucrative growth opportunities for the market
in the next few years. Asia Pacific region is expected to be the fastest
growing region, with the industrialization & expansion of oil & gas
industry.

Some of the key players in global digital oilfield solutions market
include Baker Hughes Inc., CGG S.A., DIGI International Inc.,
Halliburton Company, Honeywell International Inc., IHS Inc., Katalyst
Data Management, Kongsberg Gruppen Asa, National Oilwell Varco, Inc.,
Ovation Data Services, Inc., Paradigm Limited, Pointcross Inc., Rockwell
Automation, Inc., Schlumberger Ltd., Siemens AG, and Weatherford
International PLC.

What The Report Offers:

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 6 years of all the mentioned
  segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats,
  Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market
  estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent
  developments
• Supply chain trends mapping the latest technological advancements

Technologies Covered:

• Information technology
• Automation & Instrumentation technology
• Supervisory Control & Data Acquisition (SCADA)
• Programmable Logical Controller (PLC)
• Distributed Control System (DCS)
• Other Technologies

Process Covered:

• Drilling optimization
• Production optimization
• Reservoir optimization
• Other Process
• Predictive Maintenance
• Asset Management

For more information about this report visit https://www.researchandmarkets.com/research/4qqnqb/digital_oilfield

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Related
Topics: Oilfield
Equipment and Services