Market Overview:
The global geomechanics software and services market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for geomechanical software and services in the oil and gas, mining, construction, nuclear waste disposal, and other applications. North America is expected to lead the market during the forecast period owing to technological advancements in this region.
Product Definition:
Geomechanics software and services are used to help engineers model and analyze the physical behavior of rocks, soils, and other geological materials. This can be used to help predict how a structure or excavation will behave under various loading conditions, assess the stability of slopes or embankments, and optimize the design of foundations or other structures.
Software:
Software is the part of geomechanics that enables analysis and provides solutions for various tasks such as data collection, model building, interpretation of results and others. Software helps in increasing efficiency by automating tasks which are done by humans using traditional methods. It also helps in providing interactive visualizations to allow easy access to data and models obtained from different analyses performed on the computer system.
Services:
Geomechanics software and services are used by the mining industry to determine, analyze and model the behavior of geotechnical materials such as soil, rock or regolith under stress. The global market is expected to witness significant growth over the forecast period owing to increasing demand for efficient extraction techniques coupled with growing concerns regarding environmental degradation.
Application Insights:
The application segment is segregated into seven categories that include oil and gas, mining, construction, nuclear waste disposal, others and the balance of geology. The oil and gas industry dominated the market in 2017 with a share of over 40% in terms of revenue. This high share is attributable to the rising demand for energy as well as mineral resources such as petroleum products across various regions including North America and Asia Pacific.
Rising demand for energy along with increasing production activities are expected to drive the global geomechanics software & services market over the forecast period. In addition to this factor several other factors such as growing need for advanced data processing techniques coupled with an increase in drilling activities are anticipated to boost growth during 2018-2030 period globally.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to several factors such as increasing government spending on infrastructure development, growing oil and gas industry, and rising mining activities in countries like Canada and U.S.
The European region accounted for a major share of revenue generation owing to presence of prominent players operating globally along with well-established oil & gas industry base within this region.
Growth Factors:
- Increasing demand for geotechnical and geological analysis for the development of infrastructure projects
- Rising awareness about the benefits of using geomechanics software and services for improving project outcomes
- Growing number of research studies on geomechanics that are helping to identify new applications for the technology
- Advances in simulation technology that are making it easier to predict how soils and rocks will behave under different conditions
- Increased use of 3D printing in construction projects, which is creating a need for accurate soil data
Scope Of The Report
Report Attributes
Report Details
Report Title
Geomechanics Software and Services Market Research Report
By Type
Software, Services
By Application
Oil and Gas, Mining, Construction, Nuclear Waste Disposal, Others
By Companies
Schlumberger, Ikon Science, Rockfield Global Technologies, Itasca Consulting Group, Baker Hughes Global (a GE Company), Halliburton, Geosteering Technologies, HXR Drilling Services, CGG
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Geomechanics Software and Services Market Report Segments:
The global Geomechanics Software and Services market is segmented on the basis of:
Types
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 and Gas, Mining, Construction, Nuclear Waste Disposal, Others
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:
- Schlumberger
- Ikon Science
- Rockfield Global Technologies
- Itasca Consulting Group
- Baker Hughes Global (a GE Company)
- Halliburton
- Geosteering Technologies
- HXR Drilling Services
- CGG
Highlights of The Geomechanics Software and Services 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:
- Software
- Services
- By Application:
- Oil and Gas
- Mining
- Construction
- Nuclear Waste Disposal
- Others
- 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 Geomechanics Software and Services 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Geomechanics software and services are used to model, simulate, and predict the behavior of geologic materials and structures. These tools can be used to improve understanding of how earthquakes happen, assess potential damage from an earthquake, or design safer buildings.
Some of the major companies in the geomechanics software and services market are Schlumberger, Ikon Science, Rockfield Global Technologies, Itasca Consulting Group, Baker Hughes Global (a GE Company), Halliburton, Geosteering Technologies, HXR Drilling Services, CGG.
The geomechanics software and services market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Geomechanics Software and Services 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 Geomechanics Software and Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Geomechanics Software and Services 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 Geomechanics Software and Services 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 Geomechanics Software and Services Market Size & Forecast, 2020-2028
4.5.1 Geomechanics Software and Services Market Size and Y-o-Y Growth
4.5.2 Geomechanics Software and Services Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Software
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Mining
6.2.3 Construction
6.2.4 Nuclear Waste Disposal
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Geomechanics Software and Services 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 Geomechanics Software and Services 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Software
9.6.2 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 Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Mining
9.10.3 Construction
9.10.4 Nuclear Waste Disposal
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Software
10.6.2 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 Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Mining
10.10.3 Construction
10.10.4 Nuclear Waste Disposal
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Software
11.6.2 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 Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Mining
11.10.3 Construction
11.10.4 Nuclear Waste Disposal
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Software
12.6.2 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 Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Mining
12.10.3 Construction
12.10.4 Nuclear Waste Disposal
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Software
13.6.2 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) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Mining
13.10.3 Construction
13.10.4 Nuclear Waste Disposal
13.10.5 Others
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 Geomechanics Software and Services Market: Competitive Dashboard
14.2 Global Geomechanics Software and Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 Ikon Science
14.3.3 Rockfield Global Technologies
14.3.4 Itasca Consulting Group
14.3.5 Baker Hughes Global (a GE Company)
14.3.6 Halliburton
14.3.7 Geosteering Technologies
14.3.8 HXR Drilling Services
14.3.9 CGG
