Dublin, Sept. 05, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Drilling Data Management Systems Market 2016-2020" report to their offering. The global drilling data management systems to grow at a CAGR of 12.31% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global drilling data management systems for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market.
The drilling process is one of the most crucial links in not only the upstream segment but the entire oil and gas value chain. Once the presence of a perceived commercial hydrocarbon reservoir is established by the surveying and analysis of the geophysical data, the actual drilling process takes place. As with the process of introduction of any new technology, the implementation of new generation smarter drilling data management systems is contingent upon key factors. These are the factors that are heavily scrutinized by the stakeholders before they actually invest in the purchase and implementation of these systems.
Smart oilfield technologies is one of the trends spurring growth for the market. The digitization of the oil and gas industry holds the key to many issues faced by the industry. Throughout the report, we have discussed the potential of data in the drilling and completion segment of the E&P business. However, this is now largely becoming part of the digitization process of all the aspects of the upstream business. This is indicative of the rise of the smart oil field technology.
Much of the past century was witness to drilling operations that were being carried out in established locations in the world. The major hydrocarbon rich regions around the globe were identified in the early 20th century and most operations were based out of these areas for the next century or so. However, things have started to change significantly now and the E&P companies have started to look at unconventional avenues for exploration. Further, the report states that cyber security concerns are challenge the market is facing. Cyber-attacks are one of the main concerns in any digital workflow, and the oil and gas industry is no different. The growing adoption of digitization of technologies has made oil and gas companies increasingly dependent on data generation and analysis to sustain their production. With advances in technology, the risks associated with cyber thefts have also increased.
Key vendors
- Baker Hughes
- Halliburton
- Honeywell
- IBM
- National Oilwell Varco
- Oracle
- Pason Systems
- Schlumberger
Other prominent vendors
- EMC
- SAP
- SAS
- Accenture
- Capgemini
- WIPRO
- Tata Consultancy Services
- Infosys
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market segmentation by Product Types Part 07: Geographical segmentation Part 08: Key leading countries Part 09: Market drivers Part 10: Impact of drivers Part 11: Market challenges Part 12: Impact of drivers and challenges Part 13: Market trends Part 14: Vendor landscape Part 15: Key vendor analysis Part 16: Appendix For more information about this report visit http://www.researchandmarkets.com/research/zl...l_drilling Related Topics: Data Storage and Management
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