Digital Oilfield Technology Market Global Key Vendors, Competitive Landscape & Manufacturers Forecast to 2023
Global digital oilfield technology market is projected to reach $34,871.6 million by 2023. The market growth is mainly driven by the growing big data analytics and volume of data generated in oilfields. Based on process, the digital oilfield technology market is categorized into production optimization,
Global digital oilfield technology market is projected to reach $34,871.6 million by 2023. The market growth is mainly driven by the growing big data analytics and volume of data generated in oilfields. Based on process, the digital oilfield technology market is categorized into production optimization,
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<strong>Global</strong> <strong>Digital</strong> <strong>Oilfield</strong> <strong>Technology</strong> <strong>Market</strong><br />
The rising shale gas market is also generating massive digital field data for analysis. The $600 billion<br />
investment in shale infrastructure by the U.S. and the nearly 2,000 million well-feet drilled have produced<br />
hundreds of petabytes of relevant data. This vast and diverse shale data domain remains largely untapped<br />
and is ready <strong>to</strong> be mined by emerging big-data analytics.<br />
Read Summary of Report :: https://www.psmarketresearch.com/market-analysis/digital-oil-fieldtechnology-market<br />
Some of the major players operating in the global digital oilfield technology market are Schlumberger<br />
Limited, Baker Hughes Incorporated, National Oilwell Varco Inc., Weatherford International plc, Siemens AG,<br />
Honeywell International Inc., Kongsberg Gruppen, Paradigm Ltd., and Petrolink.<br />
GLOBAL DIGITAL OILFIELD TECHNOLOGY MARKET SEGMENTATION<br />
By Process<br />
• Production Optimization<br />
• Reservoir Optimization<br />
• Drilling Optimization<br />
• Others<br />
By Devices<br />
• Remote Terminal Unit (RTU)<br />
• Gateway<br />
By Services<br />
• Instrumentation and Au<strong>to</strong>mation<br />
• Distributed Control System<br />
• Smart Well<br />
• Supervisory Control and data acquisition<br />
• Wireless Sensor<br />
• Safety System<br />
• Programmable Logic Controller<br />
• Others<br />
• IT Expenditure<br />
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