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New report sheds light on the Global Digital Oilfield Market to Grow at 5% CAGR to 2019

(IT-NEWSWIRE.COM, June 24, 2015 ) The report, Global Digital Oilfield Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global digital oilfield market forecast and its growth prospects in the coming years. The report also includes the segmentation on the basis of technology and services, and geography. The report also includes a discussion of the key vendors operating in this market.

The basic meaning of digital oilfield is the application of advanced software, hardware, and data analysis techniques to improve the productivity of oil and gas production operations.

In the era of ever growing demand for energy and end of "Easy Oil," digital oilfields help maximize oilfield recovery, eliminate non-productive time, and increase ROI and profitability through integration of workflows and design. The workflows combine business process management with advanced information technologies to streamline or automate various operations performed by different functional teams. Digital oilfield technologies affect and enhance various functionalities of oilfields operations, such as:

Production optimization

Collaboration

Data integration

Decision support

Workflow automation

Operational efficiency


The analysts forecast the global digital oilfield market to grow at a CAGR of 5.14% over the period 2014-2019.


Purchase a Report Copy at http://www.rnrmarketresearch.com/contacts/purchase?rname=393329 .


Key Vendors

Halliburton

Honeywell International

National Oilwell Varco

Schlumberger

Weatherford


Other Prominent Vendors

Accenture

Kongsberg Gruppen

Microseismic

Paradigm

Pason Systems

Petrolink

Redline Communications Group

Siemens

vMonitor


Inquire before Buying at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=393329 .


Market Driver

Increasing demand for oil and gas


Market Challenge

Resistance to change


Market Trend

Need for energy security


Key Questions Answered in this Report

What will the market size be in 2019 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


Inquire for Discount at http://www.rnrmarketresearch.com/contacts/discount?rname=393329 .


About Us:
RnRMarketResearch.com is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.

RnR Market Research

Ritesh Tiwari

1 888 391 5441

sales@rnrmarketresearch.com

Source: EmailWire.Com

Source: EmailWire.com

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