Digital Oilfield Market Overview:
Digital oilfield is a concept that encompasses streamlining of data from distant wells and the processing, integration, and analysis of data in several physical environments. Technological innovation has been a prime mover in the development of digital oilfields. However, a vital component of its success is reliant on an understanding of the concept and process and ensuring that people using this are well-trained.
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Digital Oilfield Market Estimation:
The global digital oilfield market was valued at over USD 26.0 billion in 2019. The market witnessed a decline during the pandemic period and therefore reached a valuation of around USD 20.0 billion in 2020. However, post-pandemic, it is projected to display a compound annual growth rate of over 7% from 2021 to 2026. At this rate, the market is estimated to reach a valuation of over USD 30.0 billion.
The key players operating in the digital oilfield market are:
The research report analyses the ecosystem of the digital oilfield market and categorizes it to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
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