Exploration and Production (E&P) Software Market

Exploration and Production (E&P) Software Market by Component (Solutions, Services) by Operation Type (On-shore, Off-shore) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Exploration and Production (E&P) Software in terms of revenue?

    The global Exploration and Production (E&P) Software valued at 4.4 Billion in 2020 and is expected to reach 13 Billion in 2028 growing at a CAGR of 14.5%

  • Which are the prominent players in the market?

    The prominent players in the market are IHS Inc., Landmark Solutions, Ikon Science Limited, Emerson Electric Co., GE Oil & Gas, ION Geophysical Corporation, TDE Group GmbH, GEPlan Consulting Srl, ETL Solutions Ltd., Petroleum Experts Ltd., RockFlow Dynamics LLC, Petrolink Services Inc., Interactive Network Technologies Inc., Exprodat Consulting Ltd., Computer Modelling Group Ltd, Paradigm B.V., EDrilling AS, Schlumberger Limited, Pason Systems Corp., Peloton, Baker Hughes Incorporated, Kongsberg Gruppen ASA, P2 Energy Solutions, OVS Group LLC..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 14.5% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Exploration and Production (E&P) Software include

    • The growing digitalization in the oil & gas and energy sectors is driving the demand for E&P software market. Digitalization has paved the way for sophisticated platforms in the energy sector to increase mobility, surveillance, connectivity, and storage technologies, processing and analyzing data rapidly, enhance agility, and to support real-time decision making.
    • The high labor requirements and advanced technological development is anticipated to augment the growth of the market over the forecast period.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Exploration and Production (E&P) Software in 2020.

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