Below are some of the key findings from this oilfield services market analysis report

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Global oilfield services industry outlook

The technological advancements to drive productivity in oilfield services is positively impacting the market. The oilfield service providers are employing these advancements to upscale productivity by automating oilfield process and equipment, investing in high-performance tools and systems, and using the data-driven approach to optimize activities like exploration, drilling, and production. Also, high accuracy, precision, and reduction in time and labor cost and time are other reasons why service providers deploy technologically advanced oilfield services extensively, thus, positively impacting the market growth at a CAGR of more than 3% during the forecast period.

Top oilfield services companies covered in this market research report

The global oilfield services market is extremely fragmented. The market is in the growth phase, and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this oilfield services market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• Baker Hughes
• Halliburton
• National Oilwell Varco
• Schlumberger
• Weatherford

Oilfield services market segmentation based on applications

• Onshore
• Offshore

Onshore oilfield services held the largest share of the global oilfield services market in 2018. Although the market share of this segment will decrease, it will continue to dominate the market throughout the next five years.

Oilfield services market segmentation based on region

• The Americas
• APAC
• EMEA

The Americas accounted for the largest oilfield services market share in 2018. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global oilfield services market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the oilfield services market during the next five years
• Precise estimation of the global oilfield services market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the oilfield services industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of oilfield services companies 

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