Digital Oilfield Solutions Market: Global Industry Analysis and Forecast Till 2025 by Future Market Insights

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Global Digital Oilfield Solutions MarketShare, Global Trends, Analysis, Research, Report, Opportunities, Segmentation and Forecast,2015 -…
Global Digital Oilfield Solutions MarketShare, Global Trends, Analysis, Research, Report, Opportunities, Segmentation and Forecast,2015 - 2025www.futuremarketinsights.comFuture Market Insightssales@futuremarketinsights.comReport DescriptionReport Description‘Digital Oilfield’ is a term used for representing the application of advanced informationtechnology in order to optimize hydrocarbon recovery and improving safety in operations. Thedigital oilfield solutions support the Exploration & Production (E&P) activities of a company,providing optimum reservoir management. A typical oil rig produces about 1 Terabyte (TB) dataper day and digital oilfield solutions enables a real-time monitoring and quick analysis of E&Pdata, resulting fast decision making.Browse Full Report@ oilfield solutions market provides an integration of conventional practices in oil & gaswith modern communication, automation and information technology. The digital oilfieldsolutions market has been segmented on the basis of geography which include North America,Latin America, Eastern Europe, Western Europe, Middle East & Africa, Japan and Asia-Pacific(excluding Japan). The North American region is amongst the leading regions in the global digitaloilfield solutions market. Asia-pacific region is expected to account for a healthy growth rate inthe global digital oilfield market during the forecast period.The digital oilfield solutions market has also been segmented as per IT services andInstrumentation & Automation. The instrumentation & automation segment which include DCS(Distributed Control System), SCADA (Supervisory Control & Data Acquisition),Report DescriptionReport DescriptionPLC (Programmable Logical Controller), Wireless Sensors, Safety Systems, and other suchsystems. The DSC & SCADA system accounted for a leading market share in the global digitaloilfield solutions market. Due to growing concerns over safety, the safety systems are expectedto register substantial growth in the global digital oilfield solutions market.The industry’s inclination and attempts to optimize upstream assets is one of the key drivers forthe global digital oilfield solutions market. Additionally, the recovery in crude oil price afterrecent plummeting is also likely to drive investments in digital oilfield solutions market.Furthermore, given the hazardous nature of the oil & gas industry, the concerns over safety ofhuman resource as well as that of the environment are increasing amid the accidents occurredover the past few years in the industry. Increasing E & P activities in regions such as EasternSiberian region, where extreme weather condition possess a challenge to work, is also expectedto contribute towards the digital oilfield solutions market.Request For TOC@ addition to the drivers of the digital oilfield solutions market, a few constraints are alsoenacting their part, which is limiting the investments in this market. One of the key constraints isthe digital oilfield solutions market is the unwillingness to adapt the change from conventionalto a digital oilfield.About UsReport DescriptionFuture Market InsightsFuture Market Insights (FMI) is a premier provider of syndicatedresearch reports, custom research reports, and consulting services.We deliver a complete packaged solution, which combines currentmarket intelligence, statistical anecdotes, technology inputs, valuablegrowth insights, aerial view of the competitive framework, andfuturemarkettrends.We provide research services at a global as well as regional level;keyregionsincludeGCC,ASEAN, andBRIC.Sector CoverageResearch CapabilitiesAutomotive and TransportationElectronics, Semiconductor, and ICTRetail and Consumer ProductsIndustrial Automation and EquipmentChemicals & MaterialsFood and BeveragesServices and UtilitiesEnergy, Mining, Oil, and GasCustomized ResearchSyndicated ResearchInvestment ResearchSocial Media ResearchThank You!To know more about us, please visit our website: www.futuremarketinsights.comFor sales queries or new topics email us on: sales@futuremarketinsights.comFor other queries contact: Mr. Sudip SahaFuture Market Insights: 616 Corporate Way, Suite 2-9018,Valley Cottage, NY 10989, United States 3531 |
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