Share, Global Trends,
Analysis, Research, Report,
Segmentation and Forecast,
2015 - 2025
Future Market Insights
‘Digital Oilfield’ is a term used for representing the application of advanced information
technology in order to optimize hydrocarbon recovery and improving safety in operations. The
digital oilfield solutions support the Exploration & Production (E&P) activities of a company,
providing optimum reservoir management. A typical oil rig produces about 1 Terabyte (TB) data
per day and digital oilfield solutions enables a real-time monitoring and quick analysis of E&P
data, resulting fast decision making.
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Digital oilfield solutions market provides an integration of conventional practices in oil & gas
with modern communication, automation and information technology. The digital oilfield
solutions market has been segmented on the basis of geography which include North America,
Latin America, Eastern Europe, Western Europe, Middle East & Africa, Japan and Asia-Pacific
(excluding Japan). The North American region is amongst the leading regions in the global digital
oilfield solutions market. Asia-pacific region is expected to account for a healthy growth rate in
the global digital oilfield market during the forecast period.
The digital oilfield solutions market has also been segmented as per IT services and
Instrumentation & Automation. The instrumentation & automation segment which include DCS
(Distributed Control System), SCADA (Supervisory Control & Data Acquisition),
PLC (Programmable Logical Controller), Wireless Sensors, Safety Systems, and other such
systems. The DSC & SCADA system accounted for a leading market share in...