About Smart Oilfields
Smart oilfield involves the application of advanced software, hardware, and data analysis techniques to increase the E&P efficiency of oil and gas. In an era of ever-growing energy demand and depletion of “easy oil,” smart oilfields facilitate in maximizing oilfield recovery by reducing downtime. These oilfields increase the ROI and profitability through effective integration of workflows and design, and by reducing production costs. The workflow includes business process management that utilizes advanced information technologies to streamline or even automate various operations performed across different functional teams.
Technavio’s analysts forecast the global smart oilfield market to grow at a CAGR of 4.1% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart oilfield market for 2016-2020. The market size has been calculated based on the demand for smart oilfield technologies and services by the oil and gas companies.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Baker Hughes
• CNPC
• Halliburton
• Honeywell International
• Schlumberger
Other prominent vendors
• Accenture
• Kongsberg Gruppen
• Microseismic
• National Oilwell Varco
• Paradigm
• Pason Systems
• Petrolink
• Redline Communications Group
• Rockwell Automation
• Shell
• Siemens
• Weatherford
Market driver
• Remote onshore and deep and ultra-deepwater offshore explorations
• For a full, detailed list, view our report
Market challenge
• Resistance to change
• For a full, detailed list, view our report
Market trend
• Advances in smart oilfield technology
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by technology and services
• Global smart oilfield market by technology and services
• Global smart oilfield market by services
• Global smart oilfield market by hardware technologies
• Global smart oilfield market by software technologies
PART 07: Geographical Segmentation
• Global smart oilfield market by geographical segmentation
• Smart oilfield market in the Americas
• Smart oilfield market in EMEA
• Smart oilfield market in APAC
PART 08: Key leading countries
• US
• China
PART 09: Market drivers
• Reduction in production costs
• Increase in patent filing
• Low oil prices
• Remote onshore and deep and ultra-deepwater offshore explorations
• Need for fast and easy data access
• Enhanced business productivity
PART 10: Impact of drivers
PART 11: Market challenges
• Cyber security concerns
• Integration of smart oilfield systems with existing application systems
• Resistance to change
• Uncertainties about benefits of smart oilfield technologies
PART 12: Impact of drivers and challenges
PART 13: Market trends
• Advances in smart oilfield technology
• Growing use of big data analytics, IoT, and robotics
• Workforce, data, and asset security
• Increased use of mobile devices
PART 14: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 15: Key vendor analysis
• Baker Hughes
• CNPC
• Halliburton
• Honeywell International
• Schlumberger
PART 16: Appendix
• List of abbreviations
PART 17: Explore Technavio
List of Exhibits
Exhibit 01: Key countries in each region
Exhibit 02: Product and service offerings
Exhibit 03: Evolution of smart oilfield technology
Exhibit 04: Overview of smart oilfield technologies
Exhibit 05: Smart oilfield processes and implementation
Exhibit 06: Implementation path of smart oilfield technologies
Exhibit 07: Economic benefits of smart oilfield
Exhibit 08: Economic benefits of smart oilfield technologies in terms of progression steps
Exhibit 09: Evolution of smart oilfield
Exhibit 10: Venture investment trend in smart oilfields 2009-2014 ($ millions)
Exhibit 11: Investment areas of focus in smart oilfield technologies
Exhibit 12: Keys areas for smart oilfield technology implementation
Exhibit 13: Factors affecting implementation of smart oilfield technologies
Exhibit 14: Overview of global smart oilfield market
Exhibit 15: Global smart oilfield market 2015-2020 ($ billions)
Exhibit 16: Five forces analysis
Exhibit 17: Overview: Segmentation by technology and services
Exhibit 18: Global smart oilfield market by technology and services 2015
Exhibit 19: Global smart oilfield market by technology and services 2020
Exhibit 20: Global smart oilfield market by services 2015-2020 ($ billions)
Exhibit 21: Global smart oilfield market by hardware technologies 2015-2020 ($ billions)
Exhibit 22: Global smart oilfield market by software technologies 2015-2020 ($ billions)
Exhibit 23: Global smart oilfield market by geographical segmentation 2015
Exhibit 24: Global smart oilfield market by geographical segmentation 2020
Exhibit 25: Smart oilfield market in the Americas 2015-2020 ($ billions)
Exhibit 26: Smart oilfield market in EMEA 2015-2020 ($ billions)
Exhibit 27: Smart oilfield market in APAC 2015-2020 ($ billions)
Exhibit 28: Key leading countries
Exhibit 29: Smart oilfield market in the US 2015-2020 ($ billions)
Exhibit 30: Smart oilfield market in China 2015-2020 ($ billions)
Exhibit 31: Top seven corporations in terms of R&D investment and patent filing
Exhibit 32: Oil prices per barrel from January 2011 to January 2016 (WTI)
Exhibit 33: Impact of drivers
Exhibit 34: Impact of drivers and challenges
Exhibit 35: Top three market vendors and their competitive advantages
Exhibit 36: Geographical presence of key vendors
Exhibit 37: Other prominent vendors
