Energy and Power

Global Digital Oilfield Market 2015-2019

  • TEC250648
  • 79 Pages
  • June 2015
  • Energy and Power
About Digital Oilfield

The basic meaning of digital oilfield is the application of advanced software, hardware, and data analysis techniques to improve the productivity of oil and gas
production operations.

In the era of ever growing demand for energy and end of "Easy Oil," digital oilfields help maximize oilfield recovery, eliminate non-productive time, and increase ROI
and profitability through integration of workflows and design. The workflows combine business process management with advanced information technologies to streamline
or automate various operations performed by different functional teams. Digital oilfield technologies affect and enhance various functionalities of oilfields
operations, such as:

Production optimization
Collaboration
Data integration
Decision support
Workflow automation
Operational efficiency

Technavio's analysts forecast the global digital oilfield market to grow at a CAGR of 5.14% over the period 2014-2019.

Covered in this Report

Technavio's report, Global Digital Oilfield Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report
covers the global digital oilfield market forecast and its growth prospects in the coming years. The report also includes the segmentation on the basis of technology
and services, and geography. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
Halliburton
Honeywell International
National Oilwell Varco
Schlumberger
Weatherford

Other Prominent Vendors
Accenture
Kongsberg Gruppen
Microseismic
Paradigm
Pason Systems
Petrolink
Redline Communications Group
Siemens
vMonitor

Market Driver
Increasing demand for oil and gas
For a full, detailed list, view our report

Market Challenge
Resistance to change
For a full, detailed list, view our report

Market Trend
Need for energy security
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 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?
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