Global Market Insights, Inc. Digital Oilfield Market_pdf

Digital Oilfield Market Technology 2019: Business Growth,
Trend and Forecast 2025
The size of Digital Oilfield Market was anticipated as 24 billion in the year 2018 and is
predicted to touch 39 billion till 2025, rising with a CAGR of 7% between the years 2019 to
2025 as per the research done by Global Market Insights, Inc.
Digital Oilfield Market is set to grow over USD 39 billion by 2025. Technological advancement
coupled with increasing awareness pertaining to the potential of digitalized solutions
empowered with advanced analytics, cloud computing and Internet of Things (IoT) will
accelerate the business growth. Ongoing promotions amongst the industry through Fourth
Industrial Revolution or Industry 4.0 along with respective government measures toward
enhancing the domestic technology capabilities will complement the business outlook.
Growing need for economic recovery of hydrocarbon resources along with increasing number
of mature fields will propel the digital oilfield market growth. Romania and Russia are set to
witness increasing deployments owing to a large number of mature oilfields across the region.
Various enhanced oil recovery methods are being actively used to boost the declining
production. Innovative solutions including well testing facilities and reservoir management
will allow the operators to save cost on performing expensive recovery methods.
Browse key industry insights spread across 340 pages with 554 market data tables & 29
figures & charts from the report, “Digital Oilfield Market Size By Process, Technology,
Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along
with the table of contents:
https://www.gminsights.com/industry-analysis/digital-oilfield-market
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