Digital Oilfield Market Analysis North America, Middle East and Africa, Europe, APAC, South America - US, Canada, Saudi Arabia, China, Russia - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 178 SKU: IRTNTR43923

Digital Oilfield Market Forecast 2024-2028

The digital oilfield market size is forecast to increase by USD 11.51 billion, at a CAGR of 6.17% between 2023 and 2028. The report covers market data from 2018 to 2022, highlighting the growing demand for integrating IoT and sensor technology for real-time operational monitoring. Big data analytics play a crucial role in reservoir modeling, simulation, and prediction, impacting the industry significantly. Furthermore, there is a notable uptick in the adoption of 4D seismic survey technology in the oil and gas sector. These advancements underscore a shift towards more data-driven and technologically advanced approaches in the industry.

Market Overview :

  • Hardware is the fastest-growing segment during the forecast year
  • The hardware was the largest segment and valued at USD 14.61 billion in 2018.
  • North America is is most dominating region during the forecast period
  • It also includes an in-depth analysis of the enhancing efficiency of oilfields through remote monitoring and controlling, the integration of IoT and sensor technology for real-time tracking of operations, and the significant initial investment in digitalizing oilfields.

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Market Trends 

The integration of IoT and sensor technology for real-time tracking of operations is an emerging trend in the market. IoT and sensor technology play a major role in shaping the global market. In addition, these technologies are crucial components of the broader digital transformation occurring in the oil and gas industry. Furthermore, IoT devices and sensors are deployed throughout oil and gas operations, from drilling rigs to production facilities.

Moreover, these devices collect real-time data on various parameters, such as temperature, pressure, flow rates, equipment health, and environmental conditions. In addition, this data provides operators with instant insights into operations, allowing for proactive decision-making and rapid response to anomalies. Furthermore,  IoT-enabled sensors continuously monitor the condition of equipment and machinery. Hence, such factors are driving the market growth during the forecast period.

Market Largest-Growing Segments 

Hardware

The hardware segment is estimated to witness significant growth during the forecast period. The hardware components used in digital oilfield systems comprise a variety of equipment, including field wireless connectivity systems, temperature and gas leak sensors, pressure gauges, and data management hardware. In addition, the hardware components used in digital oilfield systems are expensive and complex to install due to the tough installation locations.

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Moreover, the installation challenges are overcome with the increase in field expertise. In addition, a majority of hardware components are equipped with sensors that monitor the functioning of the equipment, generate data accordingly, and transmit the data in real time through a wired or wireless communication network. Furthermore,  the sensors consist of four parts, which include a transducer, which generates electrical signals; a microcomputer, which stores the output; a transceiver for receiving and transmitting signals; and power sourced from a battery or other electrical devices. In addition, the rise in oil well exploration, with a focus on unconventional and deep hydrocarbon reservoirs such as shale, tight gas, and coalbed methane (CBM), has made North America, Europe, and APAC (especially countries such as the US, Canada, Russia, and China) the key markets for digital oilfield hardware installations. Hence, such factors are fuelling the growth of the segment which in turn drives the market growth during the forecast period.

Market Regional Analysis

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North America is estimated to contribute 28% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US and Canada are the key revenue-contributing countries in the market in North America. In addition, these countries are the top oil-producing countries in the region, as they have abundant oil resources. Moreover, the shale revolution in the US has tremendously contributed to the oil production of the region, allowing the oil companies to maintain profit even with low oil prices. In addition, it had a huge impact on the upstream oil and gas industry.  Furthermore, the commercialization of hydraulic fracturing technology resulted in the entry of numerous small and independent energy players in the market, thereby driving the drilling activities in the region by a huge margin. Therefore, in turn, propelled the growth of the market. Hence, such factors are driving the market growth in North America during the forecast period.

Market Dynamics and Customer Landscape

The market is propelled by the integration of digital intelligence in the oil and gas industry, optimizing production, safety, and supply chain operations. With a focus on developing economies, companies invest in technology for cost-effective measures. Engineers leverage digital solutions for efficient production and transportation. The key drivers include enhanced safety protocols and increased investment in digital technologies. However, challenges arise in the adoption of these technologies, requiring industry players to navigate complexities for seamless integration and optimal utilization in the evolving landscape. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Drivers of the Market

Enhancing the efficiency of oilfields through remote monitoring and controlling notably drives market growth. Remote monitoring and control play pivotal roles in the market, allowing operators and engineers to remotely oversee and optimize oil and gas operations. These systems grant real-time access to critical data from wellheads, production facilities, pipelines, and other assets, empowering operators to make informed decisions without on-site presence and improving safety. The utilization of remote control enables operators to adjust parameters and settings in real-time, enhancing operational efficiency and leading to increased production rates, cost-effective measures, and optimized resource allocation.

Moreover, these systems reduce the necessity for frequent travel to remote or hazardous locations, cutting travel costs and enhancing personnel safety. Continuous environmental monitoring ensures compliance with regulations, and centralized control systems optimize human resource allocation across various sites, aligning with the evolving landscape of petroleum products, developing economies, transportation, and digital intelligence. Hence, such factors are driving the market growth during the forecast period.

Petroleum products, developing economies, transportation, supply chain, digital intelligence, technology, cost-effective measures, safety, investment, engineers, production

Significance Challenges of Market

The significant initial investment in digitalizing oilfields is a major challenge hindering market growth. The digital oilfield concept comprises integrating different technologies, data sources, and communication systems to optimize oil and gas operations. In addition, while the benefits of digitalization can be significant, the initial costs associated with implementing these technologies can be substantial. Furthermore, the upfront costs associated with purchasing hardware, software, sensors, communication infrastructure, and hiring skilled personnel can strain a company's budget, especially for smaller operators.

Moreover, high implementation costs can deter some companies from adopting digital oilfield technologies, resulting in slower industry-wide adoption and limited realization of the technology's potential benefits. In addition, high implementation costs can divert resources from other operational or strategic initiatives, making it difficult for companies to balance their priorities effectively. Therefore, high implementation costs associated with the global digital oilfield will hinder the growth of the global market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd: The company offers digital oilfield solutions such as ABB Ability solutions that combine ABB deep domain expertise with connectivity and software innovation to empower real-time, data-driven decisions for safer, smarter operations that maximize resource efficiency and contribute to a low carbon future.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Cisco Systems Inc.
  • Cognizant Technology Solutions Corp.
  • Detechtion Technologies
  • Emerson Electric Co.
  • General Electric Co.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Kongsberg Gruppen ASA
  • MicroSeismic Inc.
  • Moxa Inc.
  • Pason Systems Inc.
  • Petrolink International Ltd.
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • Siemens AG
  • Aviat Networks Inc.
  • Halliburton Co.
  • Infosys Ltd.
  • Weatherford International Plc

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Solution Outlook
    • Hardware
    • Software
    • Service
  • Application Outlook
    • Onshore
    • Offshore
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Market is witnessing a transformative phase with the integration of advanced technologies. Planning and analytical tools, statistical techniques, and reservoir optimization contribute to onshore and offshore oil fields, covering both conventional and unconventional resources. The industry benefits from wireless technology, employing data analysis mobility and cloud computing. Investments in the offshore wind market are on the rise, alongside innovations like 4D visualization techniques for changing reservoir conditions. The sector embraces hardware solutions like wireless sensors, supervisory control, and data acquisition systems, ensuring safety and efficiency.

Moreover, the automated solutions, big data management, and intelligent digitized devices play pivotal roles in optimizing oil and gas processes. The global digital oilfield market impacts downstream, midstream, and exploration activities, influencing operational and capital expenses. As the industry evolves, digital oilfield technologies enhance decision-making, reduce nonproductive time, and offer substantial monetary returns, benefiting diverse sectors such as automotive, aviation, manufacturing, and transportation, ultimately shaping the future of oil and gas exploration and production.

Market Scope

Report Coverage

Details

Page number

178

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.17%

Market Growth 2024-2028

USD 11.51 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.81

Regional analysis

North America, Middle East and Africa, Europe, APAC, and South America

Performing market contribution

North America at 28%

Key countries

US, Canada, Saudi Arabia, China, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Cisco Systems Inc., Cognizant Technology Solutions Corp., Detechtion Technologies, Emerson Electric Co., General Electric Co., Hitachi Ltd., Honeywell International Inc., Kongsberg Gruppen ASA, MicroSeismic Inc., Moxa Inc., Pason Systems Inc., Petrolink International Ltd., Rockwell Automation Inc., Schlumberger Ltd., Siemens AG, Aviat Networks Inc., Halliburton Co., Infosys Ltd., and Weatherford International Plc

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, the Middle East and Africa, Europe, APAC, and South America
  • Thorough market growth and forecasting analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global digital oilfield market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global digital oilfield market 2018 - 2022 ($ billion)
    • 4.2 Solution Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Solution Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Solution

    • 6.1 Market segments
      • Exhibit 30: Chart on Solution - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Solution - Market share 2023-2028 (%)
    • 6.2 Comparison by Solution
      • Exhibit 32: Chart on Comparison by Solution
      • Exhibit 33: Data Table on Comparison by Solution
    • 6.3 Hardware - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 6.4 Software - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Software - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 6.5 Service - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Service - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Service - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Service - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Service - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Solution
      • Exhibit 46: Market opportunity by Solution ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Solution ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Onshore - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Onshore - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
    • 7.4 Offshore - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Offshore - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 60: Market opportunity by Application ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Russia - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.10 Saudi Arabia - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 115: ABB Ltd. - Overview
              • Exhibit 116: ABB Ltd. - Business segments
              • Exhibit 117: ABB Ltd. - Key news
              • Exhibit 118: ABB Ltd. - Key offerings
              • Exhibit 119: ABB Ltd. - Segment focus
            • 12.4 Cisco Systems Inc.
              • Exhibit 120: Cisco Systems Inc. - Overview
              • Exhibit 121: Cisco Systems Inc. - Business segments
              • Exhibit 122: Cisco Systems Inc. - Key news
              • Exhibit 123: Cisco Systems Inc. - Key offerings
              • Exhibit 124: Cisco Systems Inc. - Segment focus
            • 12.5 Cognizant Technology Solutions Corp.
              • Exhibit 125: Cognizant Technology Solutions Corp. - Overview
              • Exhibit 126: Cognizant Technology Solutions Corp. - Business segments
              • Exhibit 127: Cognizant Technology Solutions Corp. - Key offerings
              • Exhibit 128: Cognizant Technology Solutions Corp. - Segment focus
            • 12.6 Detechtion Technologies
              • Exhibit 129: Detechtion Technologies - Overview
              • Exhibit 130: Detechtion Technologies - Product / Service
              • Exhibit 131: Detechtion Technologies - Key offerings
            • 12.7 Emerson Electric Co.
              • Exhibit 132: Emerson Electric Co. - Overview
              • Exhibit 133: Emerson Electric Co. - Business segments
              • Exhibit 134: Emerson Electric Co. - Key news
              • Exhibit 135: Emerson Electric Co. - Key offerings
              • Exhibit 136: Emerson Electric Co. - Segment focus
            • 12.8 General Electric Co.
              • Exhibit 137: General Electric Co. - Overview
              • Exhibit 138: General Electric Co. - Business segments
              • Exhibit 139: General Electric Co. - Key news
              • Exhibit 140: General Electric Co. - Key offerings
              • Exhibit 141: General Electric Co. - Segment focus
            • 12.9 Halliburton Co.
              • Exhibit 142: Halliburton Co. - Overview
              • Exhibit 143: Halliburton Co. - Business segments
              • Exhibit 144: Halliburton Co. - Key news
              • Exhibit 145: Halliburton Co. - Key offerings
              • Exhibit 146: Halliburton Co. - Segment focus
            • 12.10 Honeywell International Inc.
              • Exhibit 147: Honeywell International Inc. - Overview
              • Exhibit 148: Honeywell International Inc. - Business segments
              • Exhibit 149: Honeywell International Inc. - Key news
              • Exhibit 150: Honeywell International Inc. - Key offerings
              • Exhibit 151: Honeywell International Inc. - Segment focus
            • 12.11 Infosys Ltd.
              • Exhibit 152: Infosys Ltd. - Overview
              • Exhibit 153: Infosys Ltd. - Business segments
              • Exhibit 154: Infosys Ltd. - Key news
              • Exhibit 155: Infosys Ltd. - Key offerings
              • Exhibit 156: Infosys Ltd. - Segment focus
            • 12.12 Kongsberg Gruppen ASA
              • Exhibit 157: Kongsberg Gruppen ASA - Overview
              • Exhibit 158: Kongsberg Gruppen ASA - Business segments
              • Exhibit 159: Kongsberg Gruppen ASA - Key news
              • Exhibit 160: Kongsberg Gruppen ASA - Key offerings
              • Exhibit 161: Kongsberg Gruppen ASA - Segment focus
            • 12.13 MicroSeismic Inc.
              • Exhibit 162: MicroSeismic Inc. - Overview
              • Exhibit 163: MicroSeismic Inc. - Product / Service
              • Exhibit 164: MicroSeismic Inc. - Key offerings
            • 12.14 Rockwell Automation Inc.
              • Exhibit 165: Rockwell Automation Inc. - Overview
              • Exhibit 166: Rockwell Automation Inc. - Business segments
              • Exhibit 167: Rockwell Automation Inc. - Key news
              • Exhibit 168: Rockwell Automation Inc. - Key offerings
              • Exhibit 169: Rockwell Automation Inc. - Segment focus
            • 12.15 Schlumberger Ltd.
              • Exhibit 170: Schlumberger Ltd. - Overview
              • Exhibit 171: Schlumberger Ltd. - Business segments
              • Exhibit 172: Schlumberger Ltd. - Key news
              • Exhibit 173: Schlumberger Ltd. - Key offerings
              • Exhibit 174: Schlumberger Ltd. - Segment focus
            • 12.16 Siemens AG
              • Exhibit 175: Siemens AG - Overview
              • Exhibit 176: Siemens AG - Business segments
              • Exhibit 177: Siemens AG - Key news
              • Exhibit 178: Siemens AG - Key offerings
              • Exhibit 179: Siemens AG - Segment focus
            • 12.17 Weatherford International Plc
              • Exhibit 180: Weatherford International Plc - Overview
              • Exhibit 181: Weatherford International Plc - Business segments
              • Exhibit 182: Weatherford International Plc - Key news
              • Exhibit 183: Weatherford International Plc - Key offerings
              • Exhibit 184: Weatherford International Plc - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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