Global Digital Oilfield Market Analysis & Trends - Industry Forecast to 2027
The Global Digital Oilfield Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2027. Some of the prominent trends that the market is witnessing include advent of big data analytics, increasing applications of digital oilfields and developments in 4d seismic survey technology.
Based on the process, the market is segmented into drilling optimization, safety management, production optimization, reservoir optimization, asset management, maintenance & repair and other processes. On the basis of the device, the market is divided into remote terminal unit (RTU) architecture and gateway. Remote terminal unit (RTU) architecture is subdivided into analog input modules, digital input modules, central processing unit (CPU), analog output module, digital output modules, power supply module and communication interfaces. Analog Input Modules is again sub-segmented into sample & hold circuit, multiplexer, signal amplifier, bus interface system and A/D converter.
The Analog output module is subclassified into D/A converter. Digital output modules are again subdivided into read relay switch and triac switch. The Power supply module is again sub-segmented into thermo electric generator and solar panels. Communication interfaces are subclassified into ethernet, microwave MUX, RS 232/RS 442/RS 485, dial up telephones, satellite and other communication interfaces. Gateway is subdivided into Motherboard, Random Access Memory (RAM), Microprocessor, Interface Boards and Flash.
Amongst Solution, the market is categorized into software & service solutions, hardware solutions and data storage solutions. Software & service solutions are sub-segmented into collaborative product management (CPM), IT outsourcing, IT services & commissioning, software and computer equipment & application hardware. Hardware solutions are subdivided into smart wells, computer equipment & application hardware, distributed control system (DCS), safety systems, programmable logic controller (PLC), supervisory control and data acquisition (SCADA), wireless sensors, human machine interaction instrument, process automation manager. Data storage solutions are subcategorized into on-premise and hardware. Depending on the application, the market is fragmented into offshore and onshore.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2027. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
- Saudi Arabia
- Rest of Middle East
- Rest of Latin America
Rest of the World
- South Africa
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2027, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2027
- Market opportunities and recommendations for new investments
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