Digital Oilfield Market to Grow at 4.68% CAGR to 2021

Global Digital Oilfield Market 2017-2021 provides forecast and analysis of the digital oilfield market on global and regional level. The report provides data with forecast from 2017 to 2021 based on volume and revenue.

Digital oilfields refer to the application of advanced software, hardware, and data analysis techniques to increase the exploration and production efficiency of oil and gas fields. This report covers the present scenario and the growth prospects of the global digital oilfield market for 2017-2021. To calculate the market size, This report covers the present scenario and the growth prospects of the global digital oilfield market for the period 2017-2021.

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Global Digital Oilfield Market 2017-2021 report, an analyst said: “One trend in the market is the growth of unconventional resources. The growing demand from India, China, and the countries in the Middle East are pushing the oil and gas industry to explore the various unconventional forms of energy such as shale gas. According to the World Energy Outlook of the International Energy Agency (IEA), the demand for energy may rise by more than a third by 2035 owing to a 60% growth in standards of living in India, China, and the Middle Eastern countries. The IEA predicted that the US will likely overtake Russia and Saudi Arabia by 2017 and aims at becoming a net explorer of oil by 2030.”

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The report, Global Digital Oilfield Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The following companies are the key players in the global digital oilfield market: Baker Hughes, Halliburton, Honeywell International, Schlumberger, and Weatherford International. Other Prominent Vendors in the market are: ABB, Accenture, China National Petroleum Corporation, eLynx Technologies, Emerson Electric, Enbase Energy Technology, ExxonMobil, GlobaLogix, Kongsberg Gruppen, MicroSeismic, Moxa, Paradigm, Pason Systems, Petrolink, Redline Communications, Rockwell Automation, Schneider Electric, Shell, Siemens, and Sinopec.

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