Drilling Data Management Systems
The drilling process is one of the most crucial links in not only the upstream segment but the entire oil and gas value chain. Once the presence of a perceived commercial hydrocarbon reservoir is established by the surveying and analysis of the geophysical data, the actual drilling process takes place.
Scope of the Report:
This report studies the Drilling Data Management Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Drilling Data Management Systems market by product type and applications/end industries.
Crude oil well operators have recently shifted their focus from maximizing production to enhancing the life of the field and reducing operational costs. The rise in operational costs has forced the global oil and gas producers to focus their attention on the optimization of resources. Benefits such as improvements in drilling accuracy and safety, reduction in the non-productive time, improvements in the real-time decision-making process, and predictive maintenance scheduling have compelled oil well operators to use data capturing and analytics to bring about efficiency in their oil and gas data managementsystems.
Due to the presence of a number of oil and gas companies, this market appears fragmented. Since the market has a huge growth potential, vendors constantly compete with each other to gain better shares of the market. This market analysis also predicts that drilling data management systems will face an investment crunch in the near future and provides a list of solutions to survive the downturn.
The global Drilling Data Management Systems market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Drilling Data Management Systems.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Baker Hughes
- National Oilwell Varco
- Pason Systems
- Tata Consultancy Services
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
- Oil Industry
- Gas Industry
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