The Middle East & Africa Digital Oilfield Services Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of digital oilfield services. It consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report, “Middle East & Africa Digital Oilfield Services Market Analysis, 2021,” the Middle East & Africa Digital Oilfield Services market is likely to grow at a considerable CAGR during 2021-26. The growing digitalization in the oil and gas sectors to improve decision making and consistency, escalate operations availability, reduce repetitive inefficient tasks, and decrease human exposure by remote monitor and control has propelled the demand for digital oilfield services. Moreover, increasing inclination to curb operational costs and rising adoption of advanced technology, such as cloud computing, IoT, etc., are likely to contribute to the market growth in the forecast period.
|Study Period||Historical Data: 2016-219|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait, Egypt, South Africa|
|Key Companies Profiled||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|
|Unit Denominations||USD Million/Billion|
Offshore Registers the Fastest Growth
Based on the Application, the Offshore segment witnesses the fastest growth. The increasing spending on offshore development activities has surged the demand for digital oilfield services in the region to enhance monitoring, surveillance, and optimization, increase field productivity, project predictability, and have real-time asset performance data. Hence, this is likely to upsurge the growth of Digital Oilfield Services in the forecast years, states MarkNtel Advisors in their research report, “The Middle East & Africa Digital Oilfield Services Market Analysis, 2021.”