San Francisco, On June 25, 2021 CE PRNewswire – Global Market Analysts Inc. (GIA), a new market research company published today, has released a report titled “Exploration and Production (E&P) Software – Global Market Tractor and Analysis.” The report introduces new perspectives on opportunities and challenges in the highly revised COVID-19 marketplace.
Facts at a glance
Edition 7; Release April 2021
Companies 97 – Covered players include a company called Baker Hughes. Computer Modeling Group Limited; eDrilling as; Emerson Paradis Holding L. E-Tech International; ETL Solutions Limited; Ēkišipirodoti Consulting Ltd; Jiplan Consulting Srl; GE oil and gas; Haliberton; Ihs Markit Ltd; Icon Science Limited; Interactive Network Technologies, Inc.; Ion Geophysical Corporation; Congressman Group AS; OVS Group LLC; P2 power solutions; Pason Systems Corporation; Peloton Interactive, Inc. Petroleum Experts Limited; Petrolink Services Inc .; Rock flow variability; Schlumberger Limited; TDE Group Limited and more.
Cover All major landscapes and key parts
Classes Deployment (on the front, cloud); Software type (reservoir simulation, production, drilling, navigation system, risk management map, performance monitoring, portfolio collection, asset price, earthquake scale analysis, other types of software)
Geography the world; United States; Canada; Japan; China; Europe (France; Germany; Italy; England; And rest Europe) Asia-Pacific; The rest of the world.
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Global Navigation and Product (E and P) Software Market to Access $ 9.9 billion 2026
Various types of E and P software are available in the market, including reservoir drilling, simulation and production, reservoir behavior, resource pricing, navigation systems, seismic analysis, portfolio aggregation and disaster management map software, among others. Production software is expected to grow at a faster pace in the long run globally. The adoption of fake software may also increase because it provides temporary results based on the available data. Such simulation software may be used in conjunction with the current company software.
International exploration and production (E & P) software market is expected to moderate to induce long-term healthy growth. The market, b US $ 4.5 billion It is planned to arrive by 2020 US $ 9.9 billion When analyzed by 14.5% in the integrated annual growth rate (CAGR) Enrolling in 2026 Linn United States Research and production (E and P) software represents the largest regional market, which Bernstein By 2020, it will account for 25.1% of the world’s total. US $ 1.1 billion It is planned to arrive by 2020 US $ 2.8 billion At the end of the analysis period. China During the analysis period, the CAGR growth of 19.2% is expected to grow rapidly and rapidly. The market is expected to continue to evolve into a major regional market, supported by a variety of factors conducive to healthy growth, such as E&P software.
Over the years, it has rapidly embraced digital technologies in order to effectively manage the costs of the oil and gas industry and increase overall efficiency, especially in the face of high volatile oil prices. Efforts to digitalize oil and gas generators have helped companies reduce costs by 10-25%, while productivity will improve by around 8-10%. Supply is also a safe and healthy working conditions is giving locally. The growing need for security is leading oil and gas companies to rely more on advanced technologies and software solutions to improve their operations. In the oil and gas industry, software tools have played an important role in the development of new technologies.
Deployment to the Cloud 3.9 billion dollars 2026
Cloud computing promises for oil and gas companies are increasing creativity and simplicity. New developments in cloud computing technology are bringing significant business analytics and data to the oil and gas industry. In recent years, many companies in the oil and gas industry have begun transitioning from in-house data storage to cloud-based services. World Cloud Deployment Unit b US $ 1.4 billion Linn By 2020 and planned to arrive US $ 3.9 billion When analyzing integrated in the 18.5% annual growth rates in 2026 reflect Linn United States By 2020, the region’s largest cloud segment accounted for 27.1% of global sales. China It is set to record the fastest integrated annual growth of 24.2% during the analysis period US $ 409.3 million Closing while analyzing. More
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SOURCE International Industry Analysts, Inc.