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Digital Oilfield Market Share

Report ID: GMI1240
Published Date: Jul 2024
Report Format: PDF

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Digital Oilfield Market Share

Digital Oilfield Market Company Share Analysis, 2023

General Electric (GE) holds a significant share in the digital oilfield industry, leveraging its expertise in industrial technologies and digital solutions. GE integrates IoT, AI, and data analytics to enhance operational efficiency and productivity in oilfield operations. Its innovations support remote monitoring, predictive maintenance, and compliance with stringent regulations, positioning GE as a key player driving advancements in the digital transformation of the oil and gas sector.

Digital Oilfield Market Companies

Some of the key market players operating across the digital oilfield industry are:

Accenture
ABB
Aviat Networks, Inc.
CGG
Cisco Systems, Inc.
Digi International Inc.
EDG, Inc.
Emerson Electric Co.
Enovate Upstream
General Electric
Halliburton
Honeywell International Inc.
Infosys Limited
Intel Corporation
Katalyst Data Management
Kuwait Oil Company
National Oilwell Varco
OleumTech.
Pason Systems Corp.
Rockwell Automation
Saudi Arabian Oil Company (Saudi Aramco)
Schneider Electric
Siemens
Sinopec Oilfield Service Corporation
SLB
Weatherford
WEG
Wipro

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The digital oilfield market reached USD 30.3 billion in 2023 and is projected to expand at 6.9% CAGR through 2032, driven by increasing adoption of advanced technologies like IoT and AI.

The reservoir optimization segment of the market held a notable share in 2023 and is anticipated to exceed USD 15.5 billion by 2032, driven by advancements in artificial intelligence and machine learning, enabling more precise and efficient reservoir management.

North America digital oilfield market is projected to surpass USD 19 billion by 2032, driven by the increased adoption of advanced technologies such as IoT, AI, and big data analytics, which enhance operational efficiency and reduce costs.

Accenture, ABB, Aviat Networks, Inc, CGG, Cisco Systems, Inc, Digi International Inc, EDG, Inc, Emerson Electric Co. among others.