Market Overview:
The global wellsite monitoring solution (WMS) market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for real-time data and analytics for better decision making in the oil and gas industry. Additionally, factors such as the increasing adoption of WMS by small and medium-sized enterprises (SMEs) and rising demand for cloud-based WMS are also contributing to the growth of this market. However, lack of awareness about wellsite monitoring solutions among end users is restraining the growth of this market. Onshore deployment is expected to hold a major share in the global wellsite monitoring solution (WMS) market during the forecast period from 2018 to 2030. This can be attributed to factors such as lower installation cost and easy availability of skilled labor for onshore deployments compared with offshore deployments.
 Industry Outlook.svg)
Product Definition:
A Wellsite Monitoring Solution (WMS) is a software application used to manage and monitor well sites. A WMS allows operators to collect data from well sites, track production, and make decisions about well operations. The importance of a WMS is that it allows operators to optimize production and reduce costs.
Onshore Deployment:
Onshore deployment is a term used for the installation of an oil spill response system onshore at the property owner's site. Onshore deployment includes equipment such as booms, skimmers, and sorbents that are used to collect oil from water or soil. The collected oil is then transported to a treatment facility for cleaning up after which it is either disposed of or reused by the operator.
Offshore Deployment:
Offshore deployment is the process of deploying a solution on a remote server or servers to provide IT services and solutions to an organization. The offshore deployment helps in reducing the overall cost of software licensing, hardware procurement, support costs, and training. It also helps in increasing operational efficiency by delivering application functionality through virtualized computing environments.
Application Insights:
The predictive analysis segment is expected to witness the highest growth over the forecast period. The need for real-time data in order to make accurate decisions has increased with the rising demand for oil and gas across various industries. Predictive analysis provides insights about future events based on historical data, which helps in making better decisions regarding operations. It also enables effective planning of future activities by providing reliable estimates about potential outcomes or events based on past performance.
Remote well site monitoring is anticipated to be one of the major application segments over the forecast period owing to its ability to provide real-time information during drilling operations and its importance as it helps reduce operating costs, risks, and environmental damage caused during extraction processes at a remote location without having an onsite presence there. Furthermore, increasing number of wells being drilled across various regions coupled with technological advancements that have made it possible for operators located thousands of miles away from a well site can be attributed towards segment growth over the next few years.
Regional Analysis:
North America dominated the global wellsite monitoring solution (WMS) market in 2016. The growth of this region can be attributed to the presence of a large number of oil and gas E&P companies, which are extensively deploying these solutions across the globe. Moreover, technological advancements coupled with stringent regulations by regulatory bodies such as E & P industry regulators such as National Oil and Gas Authority (NOGA), Abu Dhabi Global Market (ADGM), etc., is expected to drive regional growth over the forecast period.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government investments in offshore exploration activities along with rising demand for onshore oilfield development projects in emerging economies including China and India.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in upstream oil and gas sector
- Stringent environmental regulations for monitoring drilling operations
- Proliferation of smart sensors and wireless communication technologies
- Growing popularity of cloud-based data management platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Wellsite Monitoring Solution (WMS) Market Research Report
By Type
Onshore Deployment, Offshore Deployment, Wellsite Monitoring Solution (WMS
By Application
Remote well site monitoring, Alerting and reporting, Predictive analysis, Others
By Companies
James Fisher and Sons, Osprey Informatics, EION, IHS Markit, Baker Hughes, Schlumberger, Bluetick, Wellsite Monitoring Solution (WMS
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Wellsite Monitoring Solution (WMS) Market Report Segments:
The global Wellsite Monitoring Solution (WMS) market is segmented on the basis of:
Types
Onshore Deployment, Offshore Deployment, Wellsite Monitoring Solution (WMS
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
Remote well site monitoring, Alerting and reporting, Predictive analysis, 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:
- James Fisher and Sons
- Osprey Informatics
- EION
- IHS Markit
- Baker Hughes
- Schlumberger
- Bluetick
- Wellsite Monitoring Solution (WMS
 Market Overview.svg)
Highlights of The Wellsite Monitoring Solution (WMS) 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:
- Onshore Deployment
- Offshore Deployment
- Wellsite Monitoring Solution (WMS
- By Application:
- Remote well site monitoring
- Alerting and reporting
- Predictive analysis
- 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 Wellsite Monitoring Solution (WMS) 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
 Market Statistics.svg)
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?
Wellsite Monitoring Solution (WMS) is a software application used to collect, store and analyze data from wells. It can be used to monitor well performance, identify potential problems early on and provide solutions.
Some of the major companies in the wellsite monitoring solution (wms) market are James Fisher and Sons, Osprey Informatics, EION, IHS Markit, Baker Hughes, Schlumberger, Bluetick, Wellsite Monitoring Solution (WMS.
The wellsite monitoring solution (wms) market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wellsite Monitoring Solution (WMS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wellsite Monitoring Solution (WMS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wellsite Monitoring Solution (WMS) Market - Supply Chain
4.5. Global Wellsite Monitoring Solution (WMS) Market Forecast
4.5.1. Wellsite Monitoring Solution (WMS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wellsite Monitoring Solution (WMS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wellsite Monitoring Solution (WMS) Market Absolute $ Opportunity
5. Global Wellsite Monitoring Solution (WMS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Type
5.3.1. Onshore Deployment
5.3.2. Offshore Deployment
5.3.3. Wellsite Monitoring Solution (WMS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wellsite Monitoring Solution (WMS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Application
6.3.1. Remote well site monitoring
6.3.2. Alerting and reporting
6.3.3. Predictive analysis
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wellsite Monitoring Solution (WMS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wellsite Monitoring Solution (WMS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wellsite Monitoring Solution (WMS) Demand Share Forecast, 2019-2026
9. North America Wellsite Monitoring Solution (WMS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Application
9.4.1. Remote well site monitoring
9.4.2. Alerting and reporting
9.4.3. Predictive analysis
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Type
9.7.1. Onshore Deployment
9.7.2. Offshore Deployment
9.7.3. Wellsite Monitoring Solution (WMS
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wellsite Monitoring Solution (WMS) Demand Share Forecast, 2019-2026
10. Latin America Wellsite Monitoring Solution (WMS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Application
10.4.1. Remote well site monitoring
10.4.2. Alerting and reporting
10.4.3. Predictive analysis
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Type
10.7.1. Onshore Deployment
10.7.2. Offshore Deployment
10.7.3. Wellsite Monitoring Solution (WMS
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wellsite Monitoring Solution (WMS) Demand Share Forecast, 2019-2026
11. Europe Wellsite Monitoring Solution (WMS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Application
11.4.1. Remote well site monitoring
11.4.2. Alerting and reporting
11.4.3. Predictive analysis
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Type
11.7.1. Onshore Deployment
11.7.2. Offshore Deployment
11.7.3. Wellsite Monitoring Solution (WMS
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wellsite Monitoring Solution (WMS) Demand Share, 2019-2026
12. Asia Pacific Wellsite Monitoring Solution (WMS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Application
12.4.1. Remote well site monitoring
12.4.2. Alerting and reporting
12.4.3. Predictive analysis
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Type
12.7.1. Onshore Deployment
12.7.2. Offshore Deployment
12.7.3. Wellsite Monitoring Solution (WMS
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wellsite Monitoring Solution (WMS) Demand Share, 2019-2026
13. Middle East & Africa Wellsite Monitoring Solution (WMS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wellsite Monitoring Solution (WMS) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Application
13.4.1. Remote well site monitoring
13.4.2. Alerting and reporting
13.4.3. Predictive analysis
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wellsite Monitoring Solution (WMS) Market Size and Volume Forecast by Type
13.7.1. Onshore Deployment
13.7.2. Offshore Deployment
13.7.3. Wellsite Monitoring Solution (WMS
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wellsite Monitoring Solution (WMS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wellsite Monitoring Solution (WMS) Market: Market Share Analysis
14.2. Wellsite Monitoring Solution (WMS) Distributors and Customers
14.3. Wellsite Monitoring Solution (WMS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. James Fisher and Sons
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Osprey Informatics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EION
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IHS Markit
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Baker Hughes
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schlumberger
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bluetick
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wellsite Monitoring Solution (WMS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
