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 December 4, 2015 - 6:15 AM EST
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Research and Markets: Digital Oilfield Market by Services, by Processes & by Region - Global Forecast to 2020

Research and Markets ( has announced the addition of the "Digital Oilfield Market by Services, by Processes & by Region - Global Forecast to 2020" report to their offering.

Digital Oilfield (DOF) is building collaboration between various processes in the oil & gas sector. This enables better monitoring, surveillance and control over the processes in oil exploration and production. Global DOF market is expected to reach USD 30.78 Billion by 2020 growing at a CAGR of 4.31% from 2015 to 2020.

DOF market valuation for various segments was arrived by using regional rig data, DOF implementations in various geographies and planned investments of operators and service providers. Finally, the global values were arrived at by consolidation of markets for individual regions. Industry experts were also contacted for validating the key findings of the report, in order to estimate the market appropriately.

DOF solutions have been majorly implemented for various processes such as production optimization, drilling optimization, and reservoir optimization. Investments in the individual processes are subjected to the prevailing oil prices. Presently, crude oil prices are below USD 50/barrel reducing the global drilling activities by more than 20% from 2014.

This decline has led the operators to target production optimization segment for efficient and economic crude recovery. Moreover, the overall CAPEX for oilfield development has significantly declined driving the operators towards mature oil fields. Oil prices are expected to stabilize at USD 60-70/barrel by 2018 reviving higher growth rates post the year.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Digital Oilfield Market, By Process

7 Digital Oilfield Market, By Service

8 Digital Oilfield Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Baker Hughes Incorporated
  • Cgg S.A.
  • Digi International Inc.
  • Edg, Inc.
  • Halliburton Company
  • Honeywell International Inc.
  • Ihs Inc.
  • Katalyst Data Management
  • Kongsberg Gruppen Asa
  • National Oilwell Varco, Inc.
  • Oleumtech Corporation
  • Ovation Data Services, Inc.
  • Paradigm Limited
  • Pason Systems Inc.
  • Petrolink Services Inc.
  • Pointcross Inc.
  • Redline Communications Group Inc.
  • Rockwell Automation, Inc.
  • Schlumberger Limited
  • Siemens Ag
  • Weatherford International Plc.

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Oilfield Equipment and Services

Source: Business Wire (December 4, 2015 - 6:15 AM EST)

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