Market Overview:
The global drilling data management systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing adoption of digital technologies in the oil and gas industry is also contributing to the growth of this market. The global drilling data management systems market can be segmented on the basis of type, application, and region. On the basis of type, this market can be segmented into hardware, software, and services. The hardware segment is expected to hold a major share in this market owing to its ability to store large amounts of data efficiently. On the basis of application, this market can be divided into oil industry and gas industry segments.
Product Definition:
A drilling data management system (DDMS) is a software application that helps operators manage, process and analyze drilling data. The importance of DDMS lies in the fact that it allows for better decision-making during the drilling process, which can result in improved wellbore placement and reduced costs.
Hardware:
Hardware is the equipment or devices used to obtain or record data. It can be a piece of electronic equipment, computer program, system, etc. The hardware used in drilling data management systems includes downhole sensors (electronic/video), surface drill control unit and telemetry device among others.
Hardware has been witnessing significant growth over the past few years owing to its increasing demand in oil & gas industry for various applications such as well monitoring and measurement along with reservoir monitoring.
Software:
Software and it's usage in drilling data management systems is used for the purpose of efficient collection, storage, analysis and dissemination of drilling information. It helps to improve efficiency by providing real-time data to the concerned personals as well as reduces operational risks associated with cost saving. Software also provides safety assurance which includes preventing unwanted accidents such as loss of life or limb due to unsafe work practices while using heavy equipment on a job site.
Application Insights:
The oil industry accounted for the largest revenue share of over 60% in 2017. The oil and gas industry is highly dependent on technology to extract more resources from the earth's crust. Drilling data management systems help operators to manage operations, track performance, and comply with regulatory requirements.
The gas industry is expected to register a significant CAGR during the forecast period owing to increasing demand for natural gas as an energy source and its usage in numerous applications including power generation, transportation fuels, chemicals manufacturing industries etc. Growing demand for shalegas has led to increased focus on exploration activities across various regions which will positively influence market growth over the coming years.
Regional Analysis:
North America dominated the global drilling data management systems market in 2016. North America is home to several major oilfield service companies such as Halliburton, Schlumberger and Baker Hughes along with key technology providers such as General Electric and Honeywell. The region has also been a hub for technological advancements in the oil & gas industry over the years.
The increasing need for efficient well planning procedures, coupled with advanced technologies across all sectors of the economy is expected to drive demand for drilling data management systems in Europe during the forecast period. Asia Pacific is anticipated to witness significant growth over the next eight years owing to factors such as rising energy demand from developing economies including China and India; growing investments by foreign players; and government initiatives encouraging FDI through PPP models between governments, private sector companies, universities/research institutes, etc.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in drilling and exploration activities
- Proliferation of shale gas reserves across the world
- Technological advancements in drilling data management systems
- Growing awareness about the benefits of using drilling data management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Data Management Systems Market Research Report
By Type
Hardware, Software, Services
By Application
Oil Industry, Gas Industry
By Companies
BHGE, Schlumberger, Halliburton, National Oilwell Varco, Honeywell, IBM, Oracle, Pason Systems, SAP, SAS, Accenture, Capgemini, WIPRO, Tata Consultancy Services, Infosys
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Drilling Data Management Systems Market Report Segments:
The global Drilling Data Management Systems market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Gas Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BHGE
- Schlumberger
- Halliburton
- National Oilwell Varco
- Honeywell
- IBM
- Oracle
- Pason Systems
- SAP
- SAS
- Accenture
- Capgemini
- WIPRO
- Tata Consultancy Services
- Infosys
Highlights of The Drilling Data Management Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- Oil Industry
- Gas Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drilling Data Management Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A drilling data management system (DDMS) is a software application that helps oil and gas companies manage their drilling data. DDMSs can help companies track the location, status, and performance of wells; optimize well operations; and identify potential problems early on in well development.
Some of the key players operating in the drilling data management systems market are BHGE, Schlumberger, Halliburton, National Oilwell Varco, Honeywell, IBM, Oracle, Pason Systems, SAP, SAS, Accenture, Capgemini, WIPRO, Tata Consultancy Services, Infosys.
The drilling data management systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drilling Data Management Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drilling Data Management Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drilling Data Management Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drilling Data Management Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drilling Data Management Systems Market Size & Forecast, 2018-2028
4.5.1 Drilling Data Management Systems Market Size and Y-o-Y Growth
4.5.2 Drilling Data Management Systems Market Absolute $ Opportunity
Chapter 5 Global Drilling Data Management Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Drilling Data Management Systems Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drilling Data Management Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Drilling Data Management Systems Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Gas Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drilling Data Management Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drilling Data Management Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Drilling Data Management Systems Analysis and Forecast
9.1 Introduction
9.2 North America Drilling Data Management Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Drilling Data Management Systems Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Drilling Data Management Systems Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Gas Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Drilling Data Management Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Drilling Data Management Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Drilling Data Management Systems Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Drilling Data Management Systems Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Gas Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Drilling Data Management Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drilling Data Management Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Drilling Data Management Systems Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Drilling Data Management Systems Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Gas Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Drilling Data Management Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Drilling Data Management Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Drilling Data Management Systems Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Drilling Data Management Systems Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Gas Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Drilling Data Management Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drilling Data Management Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Drilling Data Management Systems Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Drilling Data Management Systems Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Gas Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drilling Data Management Systems Market: Competitive Dashboard
14.2 Global Drilling Data Management Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BHGE
14.3.2 Schlumberger
14.3.3 Halliburton
14.3.4 National Oilwell Varco
14.3.5 Honeywell
14.3.6 IBM
14.3.7 Oracle
14.3.8 Pason Systems
14.3.9 SAP
14.3.10 SAS
14.3.11 Accenture
14.3.12 Capgemini
14.3.13 WIPRO
14.3.14 Tata Consultancy Services
14.3.15 Infosys
