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Global Drilling Data Management Systems Market 2016-2020

Global Drilling Data Management Systems Market 2016-2020

About Drilling Process

The drilling process is one of the most crucial links in not only the upstream segment but the entire oil and gas value chain. Once the presence of a perceived commercial hydrocarbon reservoir is established by the surveying and analysis of the geophysical data, the actual drilling process takes place. As with the process of introduction of any new technology, the implementation of new generation smarter drilling data management systems is contingent upon key factors. These are the factors that are heavily scrutinized by the stakeholders before they actually invest in the purchase and implementation of these systems.

Technavio’s analysts forecast the global drilling data management systems to grow at a CAGR of 12.31% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global drilling data management systems for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Drilling Data Management Systems 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.

Key vendors
  • Baker Hughes
  • Halliburton
  • Honeywell
  • IBM
  • National Oilwell Varco
  • Oracle
  • Pason Systems
  • Schlumberger
Other prominent vendors
  • EMC
  • SAP
  • SAS
  • Accenture
  • Capgemini
  • WIPRO
  • Tata Consultancy Services
  • Infosys
Market driver
  • Strong focus on asset optimization
  • For a full, detailed list, view our report
Market challenge
  • Cyber security concerns
  • For a full, detailed list, view our report
Market trend
  • Smart oilfield technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Drilling Data Management Systems 2016-2020

Technavio recognizes the following companies as the key players in the global drilling data management systems: Baker Hughes, Halliburton, Honeywell, IBM, National Oilwell Varco, Oracle, Pason Systems, and Schlumberger

Other Prominent Vendors in the market are: EMC, SAP, SAS, Accenture, Capgemini, WIPRO, Tata Consultancy Services, and Infosys

Commenting on the report, an analyst from Technavio’s team said that smart oilfield technologies is one of the trends spurring growth for the market. The digitization of the oil and gas industry holds the key to many issues faced by the industry. Throughout the report, we have discussed the potential of data in the drilling and completion segment of the E&P business. However, this is now largely becoming part of the digitization process of all the aspects of the upstream business. This is indicative of the rise of the smart oil field technology.

According to the report, end of era of easy oil is a key driver aiding to the growth of this market. Financial services are one of the most data-intensive industries. As discussed in the earlier sections, the era of easy oil is coming to an end. This has resulted not only in inflated costs of hydrocarbon acquisition but has also displaced the operations geographically. Much of the past century was witness to drilling operations that were being carried out in established locations in the world. The major hydrocarbon rich regions around the globe were identified in the early 20th century and most operations were based out of these areas for the next century or so. However, things have started to change significantly now and the E&P companies have started to look at unconventional avenues for exploration.

Further, the report states that cyber security concerns are challenge the market is facing. Cyber-attacks are one of the main concerns in any digital workflow, and the oil and gas industry is no different. The growing adoption of digitization of technologies has made oil and gas companies increasingly dependent on data generation and analysis to sustain their production. With advances in technology, the risks associated with cyber thefts have also increased.

Companies Mentioned

Baker Hughes, Halliburton, Honeywell, IBM, National Oilwell Varco, Oracle, Pason Systems, Schlumberger, EMC, SAP, SAS, Accenture, Capgemini, WIPRO, Tata Consultancy Services, Infosys

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global drilling data management systems market
    • Technological overview
      • Table Different stages in the typical petroleum value chain
      • Table Petroleum upstream activities stages
      • Table Hierarchy in drilling data management systems
      • Table Parameters affecting investment decision
    • Market size and forecast
      • Table Global drilling data management systems 2016-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by Product Types
    • Global drilling data management systems market by technology and services
      • Table Global drilling data management systems market by technology and services 2015
      • Table Global drilling data management systems market by technology and services 2020
      • Table Global drilling data management systems market by technology and services forecast 2016-2020
      • Table Global drilling data management systems by hardware 2016-2020
      • Table Global drilling data management systems by software 2016-2020
      • Table Global drilling data management systems by software 2016-2020
  • Geographical segmentation
    • Global drilling data management systems market 2016-2020 segmentation by geography
      • Table Global drilling data management systems market shares by geography 2015
      • Table Global drilling data management systems market shares by geography 2020
      • Table Global drilling data management systems market shares by geography 2016-2020
    • APAC
      • Table APAC drilling data management systems outlook 2016-2020 ($ billions)
    • Americas
      • Table Americas drilling data management systems outlook 2016-2020 ($ billions)
    • EMEA
      • Table EMEA drilling data management systems outlook 2016-2020 ($ billions)
  • Key leading countries
    • Table Key leading regions
    • Brazil
    • Canada
    • United States
    • China
  • Market drivers
    • Strong focus on asset optimization
      • Table Cost of crude oil production in various countries ($/Bbl.)
    • Improvement in well control
    • End of era of easy oil
      • Table Shifting bases of hydrocarbon exploration
    • Horizontal and multilateral well analysis
      • Table Different well types
      • Table Illustration showing different well types
    • Creation of enhanced drilling simulation models
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Cyber security concerns
      • Table Fundamentals for addressing cyber security threats
    • Investment justification in era of low oil prices
      • Table Global crude oil price variation over last decade
      • Table Comparison of profits at different crude prices (in $/barrel of crude oil)
    • Lack of awareness regarding importance of data
    • Integration with existing application systems
    • Barriers to entry of new technology
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Smart oilfield technologies
      • Table Synergy in implementation of smart oil fields in upstream sector
      • Table Overview of smart oilfield technologies
    • Rise of big data analytics
      • Table Definition of big data by the six characteristics
      • Table Key areas for implementation of big data in drilling sector
    • Increased demand for advanced analytics
    • Emergence of cloud computing technology
    • Increased use of mobile applications
  • Vendor landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Baker Hughes
    • Halliburton
      • Table Product portfolio: Drilling data management system solutions
    • Honeywell
      • Table Drilling data management solutions portfolio
    • IBM
      • Table Drilling data management system solutions
    • National Oilwell Varco
      • Table NOV in global drilling data management systems market
    • Oracle
      • Table Drilling data management systems solutions
    • Pason Systems
      • Table Pason in global drilling data management systems market
    • Schlumberger
  • Appendix
    • List of abbreviations
  • Explore Technavio

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