Press release
Connected Oilfield Market Trends, Top Companies, Share, Growth And Forecast 2033
Connected Oilfield Market
The connected oilfield market size is expected to see strong growth in the next few years. It will grow to $33.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to demand for operational efficiency, data-driven decision making, regulatory compliance, remote workforce management, supply chain optimization. Major trends in the forecast period include integration of digital twins, enhanced cybersecurity measures, remote operations optimization, hybrid connectivity solutions.
Market Overview -
A connected oilfield is a solution that leverages information and communications technology (ICT), digital technologies and communication networks within oilfield operations to improve efficiency, productivity, safety, and decision-making processes. The purpose of a connected oilfield is to leverage technology-based methods to enhance oil recovery from the seabed by utilizing improved data analysis, software.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=14303&type=smp
Surging Oil And Gas Exploration Fuels Connected Oilfield Market.
The surging oil and gas exploration activities are expected to propel the growth of the connected oilfield market going forward. Oil and gas exploration activities refer to the systematic process of searching for underground deposits of oil and natural gas resources. Oil and gas exploration is critical to fueling the connected oilfield because it provides the primary data for maximizing oil recovery and operational efficiency. The exploration efforts help to increase oil recovery from the seabed by using better data analysis, software, and technology. For instance, in 2021, according to the U.S. Energy Information Administration's (EIA), US-based government agency, annual U.S. crude oil production will average 11.1 million b/d in 2021 and expects crude oil production to increase in 2022 by 0.4 million b/d because of increased drilling as prices remain at or near $50 per barrel. Therefore, the surging oil and gas exploration activities are driving the growth of the connected oilfield market.
Competitive Landscape -
Major companies operating in the connected oilfield market are China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, Chevron Corporation, BP plc, GAZPROM PAO, Equinor ASA, Ente Nazionale Idrocarburi Società per Azioni., ConocoPhillips, Repsol SA, Occidental Petroleum Corporation, PJSC Lukoil, Schlumberger Limited, Pioneer Natural Resources, Baker Hughes Company, Kinder Morgan Inc., Devon Energy, Woodside Petroleum, Enbridge Inc., Hess Corporation, TC Energy Corporation, Apache Corporation, Rosneft Oil Company, Marathon Oil Corporation
Digital Oilfield Solutions Transforming Upstream Operations For Efficiency And Innovation
Major companies operating the connected oilfield are focusing on developing innovative solution such as upstream digital oilfield solutions to drive operational excellence, maximize profitability, and maintain competitiveness in a rapidly evolving market landscape. It is a solution with advanced technological tools and systems designed to optimize operations in the upstream segment, such as exploration and production of the oil and gas industry. For instance, in June 2022, mCloud Technologies Corp., a US-based software company, launched upstream digital oilfield solutions known as AssetCare digital oilfield solutions in United State. mCloud's AI technology continuously optimizes these solutions to enhance operational efficiency and performance in the oil and gas industry. It utilizes cloud-based AI to automate production management, continually optimize wellsite performance, and drive predictive maintenance. This strategic move signifies a significant step towards leveraging advanced digital technologies to streamline operations and maximize productivity in the upstream oilfield sector.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/connected-oilfield-global-market-report
Key Segments -
The connected oilfield market covered in this report is segmented -
1) By Solution: Hardware, Software And Service, Data Storage Solutions
2) By Processes: Reservoir, Production, Drilling Optimizations, Safety Management
3) By Application: On Shore, Off Shore
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Connected Oilfield Market Trends, Top Companies, Share, Growth And Forecast 2033 here
News-ID: 3463536 • Views: …
More Releases from The Business research company
Smart TVs and Enhanced Connectivity Fuel Streaming Media Devices Market Growth t …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Streaming Media Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $31.74 billion In 2028…
Specialty Oleochemicals Market to Reach $41.94 Billion by 2028, Fueled by Rising …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Specialty Oleochemicals Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $41.94 billion In 2028 At…
Smart Syringe Market Set to Reach $17.23 Billion by 2028, Driven by Rising Needl …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Smart Syringe Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $17.23 billion In 2028 At…
Silicone in Electrical and Electronic Market Trends: Smartphone Boom and Technol …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Silicone In Electrical And Electronic Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.86 billion…
More Releases for Oil
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to…
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.…
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally.
Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and…
