DOF (Digital Oil-Field) technology uses advanced IT technology to improve crude oil production and increase the profitability of the oil and gas industry. It consists of a set of workflows that allow you to quickly run collaborative work among distributed teams to achieve more optimal and profitable results. The advent of DOF technology solved the human capital and resource problems facing the oil and gas industry. DOF includes various themes such as operational efficiency, production optimization, collaboration, decision support, data integration, and workflow automation. In this market, advanced software and data analysis technologies are used to maximize the profits of various oil and gas operations.
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This report studies sales (consumption) of Digital Oil-Field in Global market, especially in USA, China, Europe, Japan, India and Southeast Asia, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
Emerson Electric Co.
Honeywell International Inc.
Huawei Technologies Co., Ltd.
National Oilwell Varco, Inc.
Pason Systems Corp.
Weatherford International Ltd.
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Fierce competition between the leading players in the oil & gas industry for the market share have resulted in enhanced production solutions being applied in new and developed oil-fields. This will continue to be the major driver for growth of the DOF market. Overcapacity on the global oil market and decline in prices had a high impact on capital expenditure of oil-fields, which lead to the development of this technology that would provide effective and efficient crude recovery solutions. Production optimization accounts for the largest share in the DOF market by process due to increase in investments around the globe, for effectual production in the oil-fields. Manufacturers plan to apply digital field oil solution in high-production fields.
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The study objectives are:
To analyze and research the global Digital Oil-Field status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Digital Oil-Field manufacturers, capacity, production, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Digital Oil-Field are as follows:
History Year: 2014-2019
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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