Digital Oilfield Market worth $43.0 Billion by 2029
The global Digital Oilfield Market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Digital oilfields play a crucial role in improving operational efficiency, reducing costs, and addressing industry challenges by integrating advanced technologies and data-driven...
Digital Oilfield Market Surge Towards Solid Growth in Near Future
The global digital
oilfield market size is expected to grow from an estimated USD 24.3 billion
in 2021 to USD 32.0 billion by 2026, at a CAGR of 5.6%, during the forecast
period. The key drivers for the digital oilfield market include new technological
advancements in oil & gas industry; increased return on investment in oil
& gas industry; and growing need for maximizing production potential...
Digital Oilfield Market to Grow $32.0 Billion by 2026
According to the new market research report “Digital Oilfield Market by Solution (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations, Safety Management), Application (Onshore and Offshore), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global digital oilfield market size is expected...
Digital Oilfield Market Size to Hit $32.0 Billion by 2026
According to the new market research report “Digital Oilfield Market by Solution (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations, Safety Management), Application (Onshore and Offshore), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global digital oilfield market size is expected...
Digital Oilfield Market Insights with statistics and Growth Prediction to 2025
The global Digital
Oilfield Market size is projected to reach USD 28.5 billion by 2025 from an
estimated value of USD 20.2 billion in 2020, at a CAGR of 7.1% from 2020 to
2025. New technological advancements in the digital oilfield, increased return
on investment in the digital oilfield, and increased need from oil & gas
operators to scale up production from mature wells are the key factors driving
the...
Digital Oilfield Market to Grow $28.5 Billion by 2025
According to the new market research report “Digital
Oilfield Market by Solutions (Hardware, Software & Service, and
Data Storage Solutions), Processes (Reservoir, Production, and Drilling
Optimizations), Application (Onshore and Offshore), and Region – Global
Forecast to 2025″,published by MarketsandMarkets™, the Digital
Oilfield Market size is expected to grow from an estimated...
Digital Oilfield Market: Rising Demand From Oil & Gas Companies to Scale Up Production From Mature Wells
The global Digital Oilfield Market
to grow from USD 24.1 billion in 2019 to USD 30.4 billion by 2024, at a CAGR of
4.7% during 2019-2024. The digital oilfield market is driven by major factors
such as the new technological advancements, increased Return on Investment
(ROI), and the rising need to scale up production from mature wells to optimize
production. Adoption of new techniques such as IoT (Internet...
Electrical Digital Twin Market to Witness A Massive Growth of 15.4% by 2024
The global electrical digital twin market
is projected to reach USD 1,642 million by 2024 from an estimated USD 804
million in 2019, at a CAGR of 15.4%. This growth can be attributed to the
improved accuracy and efficiency in power sector operations, streamlined
integration of renewable energy technologies, and reduced unplanned downtime
and maintenance cost.
The asset performance
management is...
Automotive Camera Market by Application, View Type, Technology and Region – Global Forecast to 2025
The Automotive Camera Market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for the active safety system.
The emergence of newer safety technologies in the automotive industry and the...