The Middle East & Africa Digital Oilfield Service market is likely to grow considerably in the forecast period due to the rising need to enhance production, burgeoning investment in exploration and production activities, and the surging adoption of digital oilfield solutions by various organizations. Moreover, the wave of digital transformation in the oil and gas sectors to improve oilfield reservoir surveillance and operational efficiency is another crucial aspect contributing to the market growth.
According to MarkNtel Advisors’ research report, “Middle East & Africa Digital Oilfield Service Market Analysis, 2021,” the market shall grow at a considerable CAGR during 2021-26. Based on the Type of Process, Production Optimization acquired a substantial market share in the MEA Digital Oilfield Service market in the previous few years. The digital oilfield services improve efficiency, bolster productivity, and surges agility. Besides this, the burgeoning integration of DOS with the existing production management application helps in facilitating accurate and reliable analysis by optimizing production parameters.
“Middle East & Africa Digital Oilfield Service Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the industry potential, key factors impacting the sales & purchase decisions, hotspots, and opportunities available for Digital Oilfield Service providers across the region. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
UAE and Saudi Arabia Accounted for Largest Market Share
UAE and Saudi Arabia accounted for the majority market share in the Digital Oilfield Service Market in the past few years. They are among the major oil & gas countries in the Middle East region. Hence, the demand for digital oilfield services is rapidly surging as it enables companies to enhance production efficiency. Moreover, the increasing investment for offshore field development activities and burgeoning demand for reservoir optimization are other critical factors likely to fuel the adoption of the Digital Oilfield Services in UAE and Saudi Arabia, reveals MarkNtel Advisors in their research report, “Middle East & Africa Digital Oilfield Service Market Analysis, 2021.”
According to MarkNtel Advisors, the leasing players with a considerable market share in the Middle East & Africa Digital Oilfield Service market are Anton Oilfield Services (Group) Ltd., Baker Hughes Company, Denholm Oilfield Services, Halliburton Company, Middle East Oilfield Services, Nordic Energy FZC, OiLSERV, Schlumberger Limited, Swire Oilfield Services Ltd., Weatherford International plc, etc.
Key questions answered in the study