Digital Oilfield Market by Solutions (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations), Application (Onshore and Offshore), and Region - Global Forecast to 2022

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Date: 01-Mar-2018
No. of pages: 209
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“The digital oilfield market is projected to grow at a CAGR of 5.09%, from 2017 to 2022.”

The digital oilfield market is projected to grow from an estimated USD 21.14 billion in 2017 to USD 27.10 billion by 2022, at a CAGR of 5.09%, from 2017 to 2022. Increasing adoption of digitization techniques in oil & gas fields for enhancing the production outputs and optimizing workflow process has enabled the companies to meet the production targets and eliminate nonproductive time in oilfields. Europe and North America are expected to be the largest markets for digital oilfield during the forecasted year. Data security and cyber threats are key pain points for oil field operate that restrain the growth of the market during the forecast year.  

“The hardware segment is expected to hold the largest share of the digital oilfield market, by solutions, during the forecast period.”

The hardware segment of the global digital oilfield market is expected to grow at a fast pace during the forecast period. The capital investment by oilfield operators toward technology enhancement and process automation enables the companies to eliminate non-productive time, optimize production and enhanced control, and monitor oil & gas fields.

“Middle East: The fastest market for digital oilfields.”

The Middle East is the largest market for digital oilfield, followed by North America and Asia Pacific. The region consists of major oil & gas producing countries such as Saudi Arabia, the UAE, Kuwait, Iraq, and Iran, which have some of the largest petroleum reserves in the world. These countries continue to drive the demand for the market in the region. Despite the recent decline in profit margins for the national oil companies, the companies continue to increase their production output. The use of digitization techniques would enhance the production output synergies thereby enabling the oilfield operators to improve their operational efficiency.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 55%, Tier 2- 25%, Tier 3- 20%

  • By Designation: C-Level- 35%, D-Level- 30%, Others- 35%

  • By Region: North America-  15%, Europe- 20%, Asia Pacific- 25%, South America- 10%, Middle East- 25%, and Africa- 5%


Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = > USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion

The key players in the digital oilfield market include integrators such as Schlumberger (US), Weatherford (Switzerland), Halliburton(US), BHGE (US), National Oilwell Varco (US), and equipment providers such as ABB (Switzerland), Emerson (US), Rockwell(US), and Siemens (Germany).

Research Coverage:

The report provides a complete view of the digital oilfield market across the oil & gas industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as process, application, solutions, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

The market has been segmented on the basis of process, application, solutions, and region, with a focus on industry analysis (industry trends).The market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the digital oilfield market.

The report provides insights on the following pointers:


  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the digital oilfield market

  • Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for digital oilfield across regions

  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global digital oilfield market


Why Buy this Report?


  • The report identifies and addresses key markets for the implementation of adigital oilfield in various industries, which would help manufacturers review the growth in demand.

  • The report helps solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Digital Oilfield Market by Solutions (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations), Application (Onshore and Offshore), and Region - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Countries Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Secondary Sources
2.3 Primary Data
2.3.1 Primary Sources
2.3.2 Key Industry Insights
2.3.3 Breakdown of Primaries
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Market Breakdown & Data Triangulation
2.6 Limitations
2.7 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Digital Oilfield Market
4.2 Digital Oilfield Market, By Solutions
4.3 Digital Oilfield Market, By Country
4.4 European Digital Oilfield Market, By Process & Country
4.5 Digital Oilfield Market, By Process
4.6 Digital Oilfield Market, By Solutions
4.7 Digital Oilfield Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Focus on Process Optimization Through Digitalization By Oil & Gas Operators
5.2.1.2 Increased Need From Oil & Gas Operators to Scale Up Production From Mature Wells
5.2.1.3 Availability of Cloud Computing Services in Oil & Gas Increases the Adoption of Digital Oilfield Solutions
5.2.2 Restraints
5.2.2.1 Fluctuating Crude Oil Price
5.2.2.2 Data Security/Cyber-Threats Combined With Resistance Toward New Technology Can Hamper the Growth of the Digital Oilfield Market
5.2.3 Opportunities
5.2.3.1 Integration of Oil Wells With Advanced Hardware & Software Solutions
5.2.3.2 Offshore/Ultra-Deep-Water Discoveries
5.2.4 Challenges
5.2.4.1 Interoperability of Multiple System Components From Different Solution Providers
5.3 Supply Chain Overview
5.3.1 Key Influencers
5.3.1.1 Saas Providers
5.3.1.2 Equipment Manufacturers
5.3.1.3 Service Providers/Integrators
5.3.1.4 Oilfield Operators

6 Digital Oilfield Market, By Process
6.1 Introduction
6.2 Production Optimization
6.3 Drilling Optimization
6.4 Reservoir Optimization
6.5 Others

7 Digital Oilfield Market, By Solutions
7.1 Introduction
7.2 Hardware Solutions
7.2.1 Distributed Control System (DCS)
7.2.2 Supervisory Control and Data Acquisition (SCADA)
7.2.3 Smart Well
7.2.4 Safety Systems
7.2.5 Wireless Sensor
7.2.6 Programmable Logic Controller (PLC)
7.2.7 Computer Equipment & Application Hardware
7.2.8 Others
7.3 Software & Service Solutions
7.3.1 IT Outsourcing
7.3.2 Software
7.3.3 IT Services & Commissioning
7.3.4 Collaborative Product Management (CPM)
7.4 Data Storage Solutions
7.4.1 On-Premise
7.4.2 Hosted

8 Digital Oilfield Market, By Application
8.1 Introduction
8.2 Onshore
8.3 Offshore

9 Digital Oilfield Market, By Region
9.1 Introduction
9.2 Europe
9.2.1 By Process
9.2.2 By Application
9.2.3 By Solutions
9.2.4 By Country
9.2.4.1 Norway
9.2.4.2 Russia
9.2.4.3 UK
9.2.4.4 Rest of Europe
9.3 North America
9.3.1 By Process
9.3.2 By Application
9.3.3 By Solutions
9.3.4 By Country
9.3.4.1 US
9.3.4.2 Canada
9.3.4.3 Mexico
9.4 Asia Pacific
9.4.1 By Process
9.4.2 By Application
9.4.3 By Solutions
9.4.4 By Country
9.4.4.1 China
9.4.4.2 Malaysia
9.4.4.3 India
9.4.4.4 Australia
9.4.4.5 Rest of Asia Pacific
9.5 Middle East
9.5.1 By Process
9.5.2 By Application
9.5.3 By Solutions
9.5.4 By Country
9.5.4.1 Oman
9.5.4.2 Saudi Arabia
9.5.4.3 Kuwait
9.5.4.4 UAE
9.5.4.5 Rest of Middle East
9.6 South America
9.6.1 By Process
9.6.2 By Application
9.6.3 By Solutions
9.6.4 By Country
9.6.4.1 Brazil
9.6.4.2 Argentina
9.6.4.3 Venezuela
9.6.4.4 Rest of South America
9.7 Africa
9.7.1 By Process
9.7.2 By Application
9.7.3 By Solutions
9.7.4 By Country
9.7.4.1 Nigeria
9.7.4.2 Angola
9.7.4.3 Rest of Africa

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2016
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Contracts & Agreements
10.3.3 Mergers & Acquisitions
10.3.4 Investments & Expansions
10.3.5 Partnerships, Collaborations, Alliances, and Joint Ventures

11 Company Profile
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 Benchmarking
11.1.1 Service Provider
11.1.2 Equipment Provider
11.2 Schlumberger
11.3 Weatherford
11.4 BHGE
11.5 Halliburton
11.6 National Oilwell Varco
11.7 ABB
11.8 Emerson
11.9 Rockwell
11.10 Siemens
11.11 Honeywell
11.12 Kongsberg
11.13 IHS Markit
11.14 CGG
11.15 Digi International
11.16 Pason
11.17 Redline
11.18 EDG
11.19 Oleumtech
11.20 Petrolink
11.21 Katalyst

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Digital Oilfield Market Snapshot
Table 2 Digital Oilfield Market Size, By Process, 2015–2022 (USD Billion)
Table 3 Production Optimization Market Size, By Region, 2015–2022 (USD Billion)
Table 4 Drilling Optimization Market Size, By Region, 2015–2022 (USD Billion)
Table 5 Reservoir Optimization Market Size, By Region, 2015–2022 (USD Billion)
Table 6 Others Market Size, By Region, 2015–2022 (USD Billion)
Table 7 Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 8 Hardware Solutions Market Size, By Region, 2015–2022 (USD Billion)
Table 9 Digital Oilfield Market Size, By Hardware Components, 2015–2022 (USD Billion)
Table 10 Software & Service Solutions Market Size, By Region, 2015–2022 (USD Billion)
Table 11 Software & Service Solutions Market Size, By Solutions, 2015–2022 (USD Billion)
Table 12 Data Storage Solutions Market Size, By Region, 2015–2022 (USD Billion)
Table 13 Data Storage Solutions Market Size, By Solutions, 2015–2022 (USD Billion)
Table 14 Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 15 Onshore: Digital Oilfield Market Size, By Region, 2015–2022 (USD Billion)
Table 16 Offshore: Digital Oilfield Market Size, By Region, 2015–2022 (USD Billion)
Table 17 Digital Oilfield Market Size, By Region, 2015–2022 (USD Billion)
Table 18 Europe: Digital Oilfield Market Size, By Process, 2015–2022 (USD Billion)
Table 19 Europe: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 20 Europe: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 21 Europe: Hardware Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 22 Europe: Software & Service Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 23 Europe: Data Storage Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 24 Europe: Digital Oilfield Market Size, By Country, 2015–2022 (USD Billion)
Table 25 Norway: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 26 Norway: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 27 Russia: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 28 Russia: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 29 UK: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 30 UK: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 31 Rest of Europe: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 32 Rest of Europe Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 33 North America: Digital Oilfield Market Size, By Process, 2015–2022 (USD Billion)
Table 34 North America: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 35 North America: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 36 North America: Hardware Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 37 North America: Software & Service Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 38 North America: Data Storage Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 39 North America: Digital Oilfield Market Size, By Country, 2015–2022 (USD Billion)
Table 40 US: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 41 US: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 42 Canada: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 43 Canada: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 44 Mexico: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 45 Mexico: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 46 Asia Pacific: Digital Oilfield Market Size, By Process, 2015–2022 (USD Billion)
Table 47 Asia Pacific: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 48 Asia Pacific: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 49 Asia Pacific: Hardware Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 50 Asia Pacific: Software & Service Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 51 Asia Pacific: Data Storage Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 52 Asia Pacific: Digital Oilfield Market Size, By Country, 2015–2022 (USD Billion)
Table 53 China: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 54 China: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 55 Malaysia: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 56 Malaysia: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 57 India: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 58 India: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 59 Australia: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 60 Australia: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 61 Rest of Asia Pacific: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 62 Rest of Asia Pacific: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 63 Middle East: Digital Oilfield Market Size, By Process, 2015–2022 (USD Billion)
Table 64 Middle East: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 65 Middle East: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 66 Middle East: Hardware Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 67 Middle East: Software & Service Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 68 Middle East: Data Storage Solutions Market Size, By Country, 2015–2022 (USD Billion)
Table 69 Middle East: Digital Oilfield Market Size, By Country, 2015–2022 (USD Billion)
Table 70 Oman: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 71 Oman: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 72 Saudi Arabia: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 73 Saudi Arabia: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 74 Kuwait: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 75 Kuwait: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 76 UAE: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 77 UAE: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 78 Rest of Middle East: Digital Oilfield Market Size, By Application, 2015–2022 (USD Billion)
Table 79 Rest of Middle East: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Billion)
Table 80 South America: Digital Oilfield Market Size, By Process, 2015–2022 (USD Million)
Table 81 South America: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 82 South America: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 83 South America: Hardware Solutions Market Size, By Country, 2015–2022 (USD Million)
Table 84 South America: Software & Service Solutions Market Size, By Country, 2015–2022 (USD Million)
Table 85 South America: Data Storage Solutions Market Size, By Country, 2015–2022 (USD Million)
Table 86 South America: Digital Oilfield Market Size, By Country, 2015–2022 (USD Million)
Table 87 Brazil: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 88 Brazil: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 89 Argentina: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 90 Argentina: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 91 Venezuela: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 92 Venezuela: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 93 Rest of South America: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 94 Rest of South America: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 95 Africa: Digital Oilfield Market Size, By Process, 2015–2022 (USD Million)
Table 96 Africa: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 97 Africa: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 98 Africa: Hardware Solutions Market Size, By Country, 2015–2022 (USD Million)
Table 99 Africa: Software & Service Solutions Market Size, By Country, 2015–2022 (USD Million)
Table 100 Africa: Data Storage Solutions Market Size, By Country, 2015–2022 (USD Million)
Table 101 Africa: Digital Oilfield Market Size, By Country, 2015–2022 (USD Million)
Table 102 Nigeria: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 103 Nigeria: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 104 Angola: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 105 Angola: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 106 Rest of Africa: Digital Oilfield Market Size, By Application, 2015–2022 (USD Million)
Table 107 Rest of Africa: Digital Oilfield Market Size, By Solutions, 2015–2022 (USD Million)
Table 108 CGG to Be the Most Active Player in the Market Between 2014 & 2018

List of Figures

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Europe Dominated the Digital Oilfield Market in 2016
Figure 6 Production Optimization Segment to Dominate the Digital Oilfield Market During the Forecast Period
Figure 7 Hardware Solutions Segment to Dominate the Digital Oilfield Market During the Forecast Period
Figure 8 DCS Component Dominated the Hardware Segment in the Digital Oilfield Market in 2016
Figure 9 Hosted Storage Solutions to Grow at A Higher CAGR During the Forecast Period
Figure 10 Onshore Segment Dominated the Digital Oilfield Market During the Forecast Period
Figure 11 Top Market Developments (2014–2018)
Figure 12 Increase in Production Activities is Expected to Drive the Digital Oilfield Market in the Coming Years
Figure 13 Production Optimization Segment is Projected to Dominate the Market Through 2022
Figure 14 Saudi Arabia is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Norway Held the Largest Share in the European Digital Oilfield Market in 2016
Figure 16 Production Optimization is Projected to Grow at the Highest Rate During the Forecast Period
Figure 17 Hardware Solutions Segment is Projected to Grow at the Highest Rate During the Forecast Period
Figure 18 Onshore Segment is Projected to Dominate the Digital Oilfield Market Through 2022
Figure 19 Market Dynamics: Digital Oilfield Market
Figure 20 World Crude Oil Annual Production vs Consumption, 2011–2016
Figure 21 World Crude Oil Annual Production, 2016–2019
Figure 22 West Texas Intermediate (WTI) Crude Oil Price, 2013–2017
Figure 23 Digital Oilfield Supply Chain
Figure 24 Production Optimization Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 25 Hardware Solutions Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 26 Distributed Control System (DCS) Segment is Expected to Have the Largest Market Share During the Forecast Period
Figure 27 Onshore is Estimated to Be the Largest Market for Digital Oilfield, 2017–2022
Figure 28 Europe Dominated the Digital Oilfield Market in 2016
Figure 29 Digital Oilfield Market Size, By Region, 2017–2022 (USD Billion)
Figure 30 Europe: Market Snapshot
Figure 31 North America: Market Snapshot
Figure 32 Key Developments in the Digital Oilfield Market, 2014–2018
Figure 33 Top Service and Equipment Players in the Digital Oilfield Market in 2016
Figure 34 Schlumberger: Company Snapshot
Figure 35 Weatherford: Company Snapshot
Figure 36 Baker Hughes: Company Snapshot
Figure 37 GE Oil & Gas: Company Snapshot
Figure 38 Halliburton: Company Snapshot
Figure 39 National Oilwell Varco: Company Snapshot
Figure 40 ABB: Company Snapshot
Figure 41 Emerson: Company Snapshot
Figure 42 Rockwell: Company Snapshot
Figure 43 Siemens: Company Snapshot
Figure 44 Honeywell: Company Snapshot
Figure 45 Kongsberg: Company Snapshot
Figure 46 IHS Markit: Company Snapshot
Figure 47 CGG: Company Snapshot
Figure 48 Digi International: Company Snapshot
Figure 49 Pason: Company Snapshot
Figure 50 Redline: Company Snapshot

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