Exploration and Production (E&P) Software

Exploration and Production (E&P) Software

Global Exploration and Production (E&P) Software Market to Reach $19.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Exploration and Production (E&P) Software estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$19.8 Billion by 2027, growing at aCAGR of 18.6% over the period 2020-2027. On-Premise, one of the segments analyzed in the report, is projected to record 17.1% CAGR and reach US$12.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud-based segment is readjusted to a revised 21.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 18% CAGR

The Exploration and Production (E&P) Software market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2027 trailing a CAGR of 18% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.7% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.We bring years of research experience to this 7th edition of our report. The 195-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• Baker Hughes, a GE company
• Computer Modelling Group Ltd.
• eDrilling AS
• Emerson Paradigm Holding LLC
• E-Tech International
• ETL Solutions Ltd.
• Exprodat Consulting Ltd.
• G.E.Plan Consulting Srl
• GE Oil & Gas
• Halliburton
• Ihs Markit Ltd.
• Ikon Science Ltd.
• Interactive Network Technologies, Inc.
• Ion Geophysical Corporation
• Kongsberg Gruppen ASA
• OVS Group LLC
• P2 Energy Solutions
• Pason Systems Corp.
• Peloton Interactive, Inc.
• Petroleum Experts Ltd.
• Petrolink Services Inc.
• RockFlow Dynamics
• Schlumberger Ltd.
• TDE Group Limited

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