Market Overview

Global Oil and Gas Drilling Automation Market 2018-2022| Rising Focus on Data to Drive Growth| Technavio

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Technavio
market research analysts forecast the global oil and gas drilling
automation market to post a revenue of about USD 83.25 million by 2022.

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Technavio has published a new market research report on the global oil and gas drilling automation m ...

Technavio has published a new market research report on the global oil and gas drilling automation market from 2018-2022. (Photo: Business Wire)

The growing focus on data in the oil and gas industry is one of the
major trends being witnessed in the global
oil and gas drilling automation market 2018-2022
. Data has
become a new source for the oil and gas industry to explore and produce
cost-effective hydrocarbon resources while addressing safety and
environmental concerns. The oil and gas companies are shifting toward
big data due to the focus on analytics.

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only:
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market snapshot before purchasing

According to Technavio's analysts, one of the key factors contributing
to the growth of the global oil and gas drilling automation market is
the rising complexity in drilling operations:

Global oil and gas drilling automation market:
Rising complexity in drilling operations

Owing to the depleting fossil fuel sources, the oil and gas companies
are forced to locate to complex terrains for oil and gas explorations
where drilling operations are difficult to sustain because of the harsh
operating environment. In such conditions, a project must undergo a
great level of analysis and testing for it to become commercially viable.

According to a senior research analyst at Technavio, "Offshore oil
and gas exploration has been increasing due to the rise in deepwater
drilling activities. For instance, in 2018, the auctions for deepwater
oil and gas fields in Mexico received good response from oil and gas
companies. Apart from this, the rise in unconventional hydrocarbon
resources such as shale gas and oil and oil tar sands has led to an
increase in opportunities for oil and gas companies."

Global oil and gas drilling automation market:
Segmentation analysis

The global oil and gas drilling automation market research report
provide market segmentation by application (onshore and offshore) and by
region (the Americas, APAC, and EMEA). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

Of the two major applications, the onshore segment held the largest
market share in 2017, accounting for about 65% of the market. This
application segment will dominate the global market throughout the
forecast period.

The Americas held the largest share of the market in 2017, accounting
for close to 46% share. It was followed by EMEA and APAC respectively.
The Americas is expected to dominate the market throughout the period
2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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