Digital Oilfield Market Size, Share, and Trends 2024 to 2034

The global digital oilfield market size was USD 30.4 billion in 2023, calculated at USD 32.5 billion in 2024 and is expected to reach around USD 63.33 billion by 2034, expanding at a CAGR of 6.9% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 1680
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Digital Oilfield Market 

5.1. COVID-19 Landscape: Digital Oilfield Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Digital Oilfield Market, By Process

8.1. Digital Oilfield Market, by Process Type, 2024-2034

8.1.1. Drilling Optimization

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Reservoir Production

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Production Optimization

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Safety Management

8.1.4.1. Market Revenue and Forecast (2021-2034)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Digital Oilfield Market, By Solution

9.1. Digital Oilfield Market, by Solution, 2024-2034

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Data Storage

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Digital Oilfield Market, By Application Type 

10.1. Digital Oilfield Market, by Application Type, 2024-2034

10.1.1. Onshore

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Offshore

10.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Digital Oilfield Market, By Technology Type 

11.1. Digital Oilfield Market, by Technology Type, 2024-2034

11.1.1. IoT

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. Advance Analytics

11.1.2.1. Market Revenue and Forecast (2021-2034)

11.1.3. Robotics

11.1.3.1. Market Revenue and Forecast (2021-2034)

11.1.4. Cloud Computing

11.1.4.1. Market Revenue and Forecast (2021-2034)

11.1.5. Mobility

11.1.5.1. Market Revenue and Forecast (2021-2034)

11.1.6. Others

11.1.6.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global Digital Oilfield Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Process (2021-2034)

12.1.2. Market Revenue and Forecast, by Solution (2021-2034)

12.1.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.1.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Process (2021-2034)

12.1.5.2. Market Revenue and Forecast, by Solution (2021-2034)

12.1.5.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.1.5.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Process (2021-2034)

12.1.6.2. Market Revenue and Forecast, by Solution (2021-2034)

12.1.6.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.1.6.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Process (2021-2034)

12.2.2. Market Revenue and Forecast, by Solution (2021-2034)

12.2.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.2.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Process (2021-2034)

12.2.5.2. Market Revenue and Forecast, by Solution (2021-2034)

12.2.5.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.2.5.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Process (2021-2034)

12.2.6.2. Market Revenue and Forecast, by Solution (2021-2034)

12.2.6.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.2.6.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Process (2021-2034)

12.2.7.2. Market Revenue and Forecast, by Solution (2021-2034)

12.2.7.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.2.7.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Process (2021-2034)

12.2.8.2. Market Revenue and Forecast, by Solution (2021-2034)

12.2.8.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.2.8.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Process (2021-2034)

12.3.2. Market Revenue and Forecast, by Solution (2021-2034)

12.3.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.3.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Process (2021-2034)

12.3.5.2. Market Revenue and Forecast, by Solution (2021-2034)

12.3.5.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.3.5.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Process (2021-2034)

12.3.6.2. Market Revenue and Forecast, by Solution (2021-2034)

12.3.6.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.3.6.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Process (2021-2034)

12.3.7.2. Market Revenue and Forecast, by Solution (2021-2034)

12.3.7.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.3.7.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Process (2021-2034)

12.3.8.2. Market Revenue and Forecast, by Solution (2021-2034)

12.3.8.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.3.8.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Process (2021-2034)

12.4.2. Market Revenue and Forecast, by Solution (2021-2034)

12.4.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.4.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Process (2021-2034)

12.4.5.2. Market Revenue and Forecast, by Solution (2021-2034)

12.4.5.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.4.5.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Process (2021-2034)

12.4.6.2. Market Revenue and Forecast, by Solution (2021-2034)

12.4.6.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.4.6.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Process (2021-2034)

12.4.7.2. Market Revenue and Forecast, by Solution (2021-2034)

12.4.7.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.4.7.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Process (2021-2034)

12.4.8.2. Market Revenue and Forecast, by Solution (2021-2034)

12.4.8.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.4.8.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Process (2021-2034)

12.5.2. Market Revenue and Forecast, by Solution (2021-2034)

12.5.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.5.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Process (2021-2034)

12.5.5.2. Market Revenue and Forecast, by Solution (2021-2034)

12.5.5.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.5.5.4. Market Revenue and Forecast, by Technology Type (2021-2034)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Process (2021-2034)

12.5.6.2. Market Revenue and Forecast, by Solution (2021-2034)

12.5.6.3. Market Revenue and Forecast, by Application Type (2021-2034)

12.5.6.4. Market Revenue and Forecast, by Technology Type (2021-2034)

Chapter 13. Company Profiles

13.1. Schlumberger

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Halliburton

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Weatherford International

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. ABB

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Emerson

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. CGG

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Siemens

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Rockwell Automation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Kongsberg

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global digital oilfield market size was reached at USD 30.4 billion in 2023 and it is anticipated to rake USD 63.33 billion by 2034.

The global digital oilfield market is expected to grow at a CAGR of 6.9% from 2024 to 2034.

The major players operating in the digital oilfield market are Schlumberger, Halliburton, Weatherford International, ABB, Emerson, CGG, Siemens, Rockwell Automation, and Kongsberg.

Due to the lockdown imposed and various restrictions on the industries, there has been a slow growth in this segment. It caused a lot of delay in drilling projects worldwide. The industry faced logistical difficulties due to restrictions in the pandemic.

Asia Pacific region will lead the global digital oilfield market during the forecast period.

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