Market Overview:
The global smart oilfield IT services market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart oilfield IT services from onshore and offshore applications. North America is expected to hold the largest share of the global smart oilfield IT services market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness the highest growth rate during the forecast period due to increasing investments in new projects across countries such as China and India.
Product Definition:
Smart oilfield IT services are those that provide advanced capabilities for monitoring, managing, and optimizing production operations. They can help companies increase efficiency and optimize production while reducing costs.
IT Consulting:
IT consulting is a service that helps organizations in the effective utilization of their resources and expertise to focus on core competencies. It offers strategic advice and digital solutions for various business challenges. IT consulting services are used across several industries including oil & gas, manufacturing, telecom, BFSI among others for carrying out projects of all sizes such as integration & implementation as well as maintenance & support.
Business Consulting:
Business Consulting is a service that helps organizations in decision making and problem solving. It also helps them to improve their performance, efficiency & profitability along with enhancing customer satisfaction. Business consulting services are used by oil & gas companies for various applications such as process re-engineering, strategic planning, mergers & acquisitions along with other operational activities.
Smart Oilfield IT Services require the expertise of business consultants to design strategies which help optimize production from existing wells.
Application Insights:
Onshore was the dominant application segment in 2017 and is expected to maintain its lead over the forecast period. The growth of this application can be attributed to increasing use of smart oilfield solutions for drilling, completions, stimulation & production management, flow lines management among others.
The offshore segment is anticipated to register a significant CAGR over the forecast period owing to growing demand from deepwater, harsh environment and shale plays across various regions including North America and Europe. The need for advanced technology in offshore exploration & production has become critical as it affects every aspect of operations such as planning & designing; field activities; well construction; monitoring & evaluation along with safety, reliability and efficiency. These factors are responsible for driving the adoption of smart oilfield IT services in offshore applications.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing investments by major oil & gas companies for leveraging their business operations and technology infrastructure. Moreover, growing demand for IT services from various application areas such as exploration & production, refining, midstream and downstream will drive regional growth over the next eight years.
Asia Pacific is estimated to be the fastest-growing regional market during the same period due to rising government initiatives pertaining to E&P activities coupled with increasing FDI investments in developing countries such as China and India are some of the key factors driving industry growth in this region.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in oilfield IT services by upstream players to improve production efficiency
- Emergence of new technologies such as big data, cloud computing, and the internet of things that can be used in smart oilfields
- Proliferation of digital platforms that allow for collaboration among different stakeholders in the value chain
- Growing awareness about the benefits of using smart oilfield IT services
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Oilfield IT Services Market Research Report
By Type
IT Consulting, Business Consulting, Integrating Services, Outsourcing Services, Others
By Application
Onshore, Offshore
By Companies
IBM, Accenture, Tata Consultancy Services, Wipro, Cisco, Schlumberger, Microsoft, Dell EMC, Capgemini, Infosys, PwC, SAS Group
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Smart Oilfield IT Services Market Report Segments:
The global Smart Oilfield IT Services market is segmented on the basis of:
Types
IT Consulting, Business Consulting, Integrating Services, Outsourcing Services, Others
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
Onshore, Offshore
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:
- IBM
- Accenture
- Tata Consultancy Services
- Wipro
- Cisco
- Schlumberger
- Microsoft
- Dell EMC
- Capgemini
- Infosys
- PwC
- SAS Group
Highlights of The Smart Oilfield IT 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:
- IT Consulting
- Business Consulting
- Integrating Services
- Outsourcing Services
- Others
- By Application:
- Onshore
- Offshore
- 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 Smart Oilfield IT 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?
Smart Oilfield IT Services is a full-service technology company that specializes in providing innovative and cost-effective solutions for oil and gas companies. We offer a wide range of services, including data management, software development, web design/development, and more. Our team of experienced professionals is dedicated to helping you stay ahead of the curve in today's competitive industry landscape. Contact us today to learn more about our services!
Some of the major companies in the smart oilfield it services market are IBM, Accenture, Tata Consultancy Services, Wipro, Cisco, Schlumberger, Microsoft, Dell EMC, Capgemini, Infosys, PwC, SAS Group.
The smart oilfield it services market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Oilfield IT 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 Smart Oilfield IT Services Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Smart Oilfield IT 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 Smart Oilfield IT 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 Smart Oilfield IT Services Market Size & Forecast, 2020-2028 4.5.1 Smart Oilfield IT Services Market Size and Y-o-Y Growth 4.5.2 Smart Oilfield IT 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 IT Consulting
5.2.2 Business Consulting
5.2.3 Integrating Services
5.2.4 Outsourcing Services
5.2.5 Others
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 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Oilfield IT 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 Smart Oilfield IT 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 IT Consulting
9.6.2 Business Consulting
9.6.3 Integrating Services
9.6.4 Outsourcing Services
9.6.5 Others
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 Onshore
9.10.2 Offshore
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 IT Consulting
10.6.2 Business Consulting
10.6.3 Integrating Services
10.6.4 Outsourcing Services
10.6.5 Others
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 Onshore
10.10.2 Offshore
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 IT Consulting
11.6.2 Business Consulting
11.6.3 Integrating Services
11.6.4 Outsourcing Services
11.6.5 Others
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 Onshore
11.10.2 Offshore
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 IT Consulting
12.6.2 Business Consulting
12.6.3 Integrating Services
12.6.4 Outsourcing Services
12.6.5 Others
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 Onshore
12.10.2 Offshore
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 IT Consulting
13.6.2 Business Consulting
13.6.3 Integrating Services
13.6.4 Outsourcing Services
13.6.5 Others
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 Onshore
13.10.2 Offshore
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 Smart Oilfield IT Services Market: Competitive Dashboard
14.2 Global Smart Oilfield IT Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Accenture
14.3.3 Tata Consultancy Services
14.3.4 Wipro
14.3.5 Cisco
14.3.6 Schlumberger
14.3.7 Microsoft
14.3.8 Dell EMC
14.3.9 Capgemini
14.3.10 Infosys
14.3.11 PwC
14.3.12 SAS Group