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Report
NA Digital Oilfield Market - Industry Trends and Forecast to 2029
Market Report I 2022-10-01 I 138 Pages I Data Bridge Market Research
North America digital oilfield market is projected to register a CAGR of 7.6% in the forecast period of 2022 to 2029. The new market report contains data for the historic year 2020, the base year of calculation is 2021, and the forecast period is 2022 to 2029
Market Segmentation:
North America Digital Oilfield Market, By Offering (Software, Hardware, and Services), Process (Production Optimization, Reservoir Optimization, Drilling Optimization, Safety Management, and Others), Technology (IoT & Mobile Devices, AI & Advance Analytics, Cloud Computing, Robotics, and Others), Application (On-Shore and Off-Shore), Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2029
Some of the major factors contributing to the North America digital oilfield market are:
- Rise in demand for well intervention services and operational digital oilfield solutions
- Increase in exploration operations in uncharted offshore/ultra-deep-waters
Market Players:
Some key market players in the North America digital oilfield market are listed below:
- Baker Hughes Company
- IBM Corporation
- Microsoft
- Rockwell Automation, Inc.
- Halliburton Energy Services, Inc.
- CGG
- Schlumberger Limited
- Redline Communications
- Osperity
- Emerson Electric Co.
- Siemens AG.
- ABB
- Honeywell International Inc.
- NOV Inc.
- Petrolink.
- Weatherford
- Katalyst Data Management
- Digi International Inc.
- Kongsberg Digital (a subsidiary of KONGSBERG)
- OleumTech
TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 OVERVIEW OF THE NORTH AMERICA DIGITAL OILFIELD MARKET 13
1.4 CURRENCY AND PRICING 15
1.5 LIMITATIONS 15
1.6 MARKETS COVERED 15
2 MARKET SEGMENTATION 18
2.1 MARKETS COVERED 18
2.2 YEARS CONSIDERED FOR THE STUDY 19
2.3 GEOGRAPHIC SCOPE 20
2.4 DBMR TRIPOD DATA VALIDATION MODEL 21
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 24
2.6 DBMR MARKET POSITION GRID 25
2.7 VENDOR SHARE ANALYSIS 27
2.8 MULTIVARIATE MODELLING 28
2.9 COMPONENT CURVE 28
2.10 MARKET APPLICATION COVERAGE GRID 29
2.11 SECONDARY SOURCES 30
2.12 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 33
4.1 PORTER'S FIVE FORCES 34
4.2 PESTEL ANALYSIS 35
4.3 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 37
4.4 PRODUCTION CONSUMPTION ANALYSIS 38
4.5 PRICE TREND ANALYSIS 39
4.6 LIST OF BUYERS 40
4.7 VENDOR SELECTION CRITERIA 41
4.8 REGULATIONS AND STANDARDS COVERAGE 42
4.9 SUPPLY CHAIN ANALYSIS 43
4.9.1 OVERVIEW 43
4.9.2 LOGISTIC COST SCENARIO 43
4.9.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 43
4.10 CLIMATE CHANGE SCENARIO 44
4.10.1 ENVIRONMENTAL CONCERNS 44
4.10.2 INDUSTRY RESPONSE 44
4.10.3 GOVERNMENT'S ROLE 44
4.10.4 ANALYST RECOMMENDATIONS 44
5 MARKET OVERVIEW 46
5.1 DRIVERS 48
5.1.1 ADVENT OF DIGITIZATION IN THE OIL AND GAS SECTOR ACROSS THE REGION 48
5.1.2 RISING PENETRATION OF EMERGING TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE (AI) AND IOT 49
5.1.3 GROWING ADOPTION OF MOBILE AND SATELLITE COMMUNICATION/ CONNECTIVITY 50
5.1.4 GROWING INITIATIVES BY COMPANIES TO MINIMIZE CARBON FOOTPRINT 50
5.2 RESTRAINT 51
5.2.1 INCREASE IN CYBER SECURITY THREATS DUE TO DIGITAL INITIATIVES 51
5.3 OPPORTUNITIES 51
5.3.1 RISE IN DEMAND FOR WELL INTERVENTION SERVICES AND OPERATIONAL DIGITAL OILFIELD SOLUTIONS 51
5.3.2 INCREASE IN EXPLORATION OPERATIONS IN UNCHARTED OFFSHORE/ULTRA-DEEP-WATERS 52
5.3.3 RISE OF IMMERSIVE TECHNOLOGY AND CLOUD-BASED DIGITAL OILFIELDS SOLUTION 53
5.4 CHALLENGES 54
5.4.1 INTEROPERABILITY OF MULTIPLE SYSTEM COMPONENTS FROM DIFFERENT SOLUTION PROVIDERS 54
5.4.2 TRADE BARRIERS, LOW PRODUCTION, AND RESTRICTIONS IN LOGISTICS 54
6 NORTH AMERICA DIGITAL OILFIELD MARKET, BY OFFERING 56
6.1 OVERVIEW 57
6.2 SOFTWARE 58
6.2.1 HOSTED 58
6.2.2 ON-PREMISE 58
6.3 SERVICES 58
6.4 HARDWARE 59
6.4.1 DISTRIBUTED CONTROL SYSTEMS 60
6.4.2 SUPERVISORY CONTROL AND DATA ACQUISITION 60
6.4.3 COMPUTER EQUIPMENT AND APPLICATION HARDWARE 60
6.4.4 SMART-WELLS 60
6.4.5 WIRELESS SENSORS 60
6.4.6 PROCESS AUTOMATION 60
6.4.7 SAFETY SYSTEMS 61
6.4.8 OTHERS 61
7 NORTH AMERICA DIGITAL OILFIELD MARKET, BY PROCESS 62
7.1 OVERVIEW 63
7.2 PRODUCTION OPTIMIZATION 64
7.3 RESERVOIR OPTIMIZATION 64
7.4 DRILLING OPTIMIZATION 65
7.5 SAFETY MANAGEMENT 65
7.6 OTHERS 66
8 NORTH AMERICA DIGITAL OILFIELD MARKET, BY TECHNOLOGY 67
8.1 OVERVIEW 68
8.2 IOT & MOBILE DEVICES 69
8.3 AI & ADVANCE ANALYTICS 70
8.4 CLOUD COMPUTING 70
8.5 ROBOTICS 71
8.6 OTHERS 71
9 NORTH AMERICA DIGITAL OILFIELD MARKET, BY APPLICATION 72
9.1 OVERVIEW 73
9.2 ON-SHORE 74
9.3 OFF-SHORE 74
10 NORTH AMERICA DIGITAL OILFIELD MARKET, BY REGION 75
10.1 NORTH AMERICA 76
10.1.1 U.S. 82
10.1.2 CANADA 84
10.1.3 MEXICO 86
11 NORTH AMERICA DIGITAL OILFIELD MARKET, COMPANY LANDSCAPE 88
11.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 88
12 SWOT ANALYSIS 89
13 COMPANY PROFILE 90
13.1 BAKER HUGHES COMPANY 90
13.1.1 COMPANY SNAPSHOT 90
13.1.2 REVENUE ANALYSIS 91
13.1.3 COMPANY SHARE ANALYSIS 91
13.1.4 SOLUTION PORTFOLIO 91
13.1.5 RECENT DEVELOPMENTS 92
13.2 IBM CORPORATION 93
13.2.1 COMPANY SNAPSHOT 93
13.2.2 REVENUE ANALYSIS 93
13.2.3 COMPANY SHARE ANALYSIS 94
13.2.4 SOLUTION PORTFOLIO 94
13.2.5 RECENT DEVELOPMENTS 94
13.3 MICROSOFT 96
13.3.1 COMPANY SNAPSHOT 96
13.3.2 REVENUE ANALYSIS 96
13.3.3 COMPANY SHARE ANALYSIS 97
13.3.4 PRODUCT PORTFOLIO 97
13.3.5 RECENT DEVELOPMENTS 97
13.4 CGG 98
13.4.1 COMPANY SNAPSHOT 98
13.4.2 REVENUE ANALYSIS 98
13.4.3 COMPANY SHARE ANALYSIS 99
13.4.4 PRODUCT PORTFOLIO 99
13.4.5 RECENT DEVELOPMENTS 100
13.5 HALLIBURTON ENERGY SERVICES, INC. 102
13.5.1 COMPANY SNAPSHOT 102
13.5.2 REVENUE ANALYSIS 102
13.5.3 COMPANY SHARE ANALYSIS 103
13.5.4 PRODUCTS PORTFOLIO 103
13.5.5 RECENT DEVELOPMENTS 103
13.6 ABB 105
13.6.1 COMPANY SNAPSHOT 105
13.6.2 REVENUE ANALYSIS 105
13.6.3 SOLUTIONS PORTFOLIO 106
13.6.4 RECENT DEVELOPMENTS 106
13.7 DIGI INTERNATIONAL INC. 107
13.7.1 COMPANY SNAPSHOT 107
13.7.2 REVENUE ANALYSIS 107
13.7.3 PRODUCT PORTFOLIO 108
13.7.4 RECENT DEVELOPMENT 108
13.8 EMERSON ELECTRIC CO. 109
13.8.1 COMPANY SNAPSHOT 109
13.8.2 REVENUE ANALYSIS 109
13.8.3 SOLUTION PORTFOLIO 110
13.8.4 RECENT DEVELOPMENT 110
13.9 HONEYWELL INTERNATIONAL INC. 111
13.9.1 COMPANY SNAPSHOT 111
13.9.2 REVENUE ANALYSIS 111
13.9.3 PRODUCTS PORTFOLIO 112
13.9.4 RECENT DEVELOPMENTS 112
13.10 KATALYST DATA MANAGEMENT 114
13.10.1 COMPANY SNAPSHOT 114
13.10.2 PRODUCT PORTFOLIO 114
13.10.3 RECENT DEVELOPMENTS 114
13.11 KONGSBERG DIGITAL (A SUBSIDIARY OF KONGSBERG) 115
13.11.1 COMPANY SNAPSHOT 115
13.11.2 REVENUE ANALYSIS 115
13.11.3 PRODUCTS PORTFOLIO 116
13.11.4 RECENT DEVELOPMENTS 116
13.12 NOV INC. 117
13.12.1 COMPANY SNAPSHOT 117
13.12.2 REVENUE ANALYSIS 117
13.12.3 PRODUCTS PORTFOLIO 118
13.12.4 RECENT DEVELOPMENTS 118
13.13 OLEUMTECH 120
13.13.1 COMPANY SNAPSHOT 120
13.13.2 SOLUTION PORTFOLIO 120
13.13.3 RECENT DEVELOPMENT 120
13.14 OSPERITY 121
13.14.1 COMPANY SNAPSHOT 121
13.14.2 SOLUTION PORTFOLIO 121
13.14.3 RECENT DEVELOPMENT 121
13.15 PETROLINK. 122
13.15.1 COMPANY SNAPSHOT 122
13.15.2 TECHNOLOGY PORTFOLIO 122
13.15.3 RECENT DEVELOPMENT 122
13.16 REDLINE COMMUNICATIONS 123
13.16.1 COMPANY SNAPSHOT 123
13.16.2 REVENUE ANALYSIS 123
13.16.3 SERVICE PORTFOLIO 124
13.16.4 RECENT DEVELOPMENTS 124
13.17 ROCKWELL AUTOMATION, INC. 125
13.17.1 COMPANY SNAPSHOT 125
13.17.2 REVENUE ANALYSIS 125
13.17.3 SOLUTION PORTFOLIO 126
13.17.4 RECENT DEVELOPMENTS 127
13.18 SCHLUMBERGER LIMITED 128
13.18.1 COMPANY SNAPSHOT 128
13.18.2 REVENUE ANALYSIS 128
13.18.3 PRODUCTS PORTFOLIO 129
13.18.4 RECENT DEVELOPMENTS 129
13.19 SIEMENS AG. 130
13.19.1 COMPANY SNAPSHOT 130
13.19.2 REVENUE ANALYSIS 130
13.19.3 SOLUTION PORTFOLIO 131
13.19.4 RECENT DEVELOPMENTS 131
13.20 WEATHERFORD 132
13.20.1 COMPANY SNAPSHOT 132
13.20.2 REVENUE ANALYSIS 133
13.20.3 PRODUCT PORTFOLIO 133
13.20.4 RECENT DEVELOPMENTS 133
14 QUESTIONNAIRE 135
15 RELATED REPORTS 138
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