Exploration and Production (E&P) Software Market
Exploration and Production (E&P) Software Market Global Industry Assessment & Forecast
#
Pages:
142
2021
Nov - 2021
VMR-2021-0510
Segments Covered
By
Component Solutions, Services
-
By
Operation Type On-shore, Off-shore
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
4.4 Billion |
 Revenue 2028:
|
13 Billion |
 Revenue CAGR
(2021 - 2028): |
14.5 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Component, Operation Type, and region. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Component, the market is divided into Solutions, Services. Services held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based
on Operation Type, the market is divided into On-shore, Off-shore. Offshore
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Exploration and Production (E&P) Software Market: Component Segment Analysis
-
- Solutions
- Services
Global Exploration and Production (E&P) Software Market: Operation Type Segment Analysis
-
- On-shore
- Off-shore
FAQ
Frequently Asked Question
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.
