Global digital oilfield market size is expected to be valued at US$ 26.31 Bn in 2023 and is expected to expand at a CAGR of 8.8% during the forecast period, reaching US$ 52.48 billion by 2030. Increasing demand for real-time data analytics and the need to reduce operational costs are the key factors driving growth of the digital oilfield market.
Global digital oilfield market is segmented by solution, application, services, process, end-user, technology, component and region. By solution, the market is segmented into software solution, hardware solution, and Data storage Solution. The software solutions segment is expected to dominate the market during the forecast period due to increasing demand for software solutions that can help oil and gas companies to improve their operational efficiency, reduce costs, and make better decisions.
Global Digital Oilfield Market- Trends
Digital Oilfield Market Report Snapshots
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