Global Exploration and Production Software Market (E&P) – Industry Analysis and Forecast (2019-2026)

Global Exploration and Production Software Market was valued US$ 4,406.45 Mn in 2019 and is estimated to reach US$ XX Mn by 2026 at a CAGR of XX %.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global Exploration and Production Software Market
The report from Maximize market research provides the detail study of the market by various segments. The report covers a geographic breakdown and a detailed analysis of each of the segments across North America, Europe, Asia Pacific, and LAMEA, and each countries under it.
Exploration and production market is segmented by Deployment type, by Operation type, by Software type & by Region. Deployment type classify into On-premise and cloud-based software. Operation type divided into on-shore and off-shore operation type. Software type are Risk Management Mapping, Seismic Amplitude Analysis, Portfolio Aggregation, Performance Tracking, Navigation System, Resource Valuation, Resource Characterization, Reservoir Simulation, Drilling and Production.

On basis of Deployment types, On-premise software held the largest market share. Contributing almost 71% of the market revenue share. Differently, cloud-based software is expected to grow with a significant rate, thereby becoming a leading segment by 2027. The cloud-based software is projected to hold a market revenue share of approximately 59% in 2027. This is mainly attributed to the rising level of digitization and growing awareness of cloud computing technologies in the oil & gas sector.

Based on Operation type, On-shore operation segment contributed the highest revenue and held the largest market share with almost 68% of the market revenue share. Else off-shore operation type segment is projected to witness the maximum growth rate during the forecast period. Due to owing to the rising number of off-shore oil & gas activities.

In term of software, market was led by reservoir simulation software which accounted for approximately 20% of the global market revenue. Diversely, production software is predicted to rise with a maximum CAGR of around XX.XX% during the forecast period from 2019 to 2027. The production software segment will be driven by the emerging upward trend in production in the upstream oil and gas sector across the globe. Analysts note that production efficiency improvements in existing assets, field restarts, and several new startups are also expected to improve the overall output in the forthcoming years.

In terms of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. North America which accounted for approximately 29% of the total market value. Ongoing technological advancements in the E&P sector of the region are focused on making the process safe, environment-friendly, and efficient. Furthermore, the US is projected to improve its liquid hydrocarbon production with increase in its shale oil and natural gas liquids. All of these factors are expected to make a significant contribution to the overall Global Exploration and Production Software Market (E&P).

The Global Exploration and Production Software Market (E&P) dynamics are thoroughly studied and explained in the report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Global Exploration and Production Software Market (E&P).

Global Exploration and Production Software Market (E&P): Competition Landscape

The Global Exploration and Production Software Market (E&P) has the presence of a large number of players. Major players in the Global Exploration and Production Software Market (E&P) are concentrating on developing new technologies to facilitate the industry with lowest time and low expenditure consuming technologies. In the recent years there are many discoveries in the field of technologies with regards to Global Exploration and Production Software Market (E&P), which in turn will help the industry to grow resulting in boost to the competition too. Detailed analysis of competition, new entrants, strategic alliances, mergers and acquisition in the Global Exploration and Production Software Market (E&P) is covered in the report.

The report covers the market leaders and followers in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. Long term association, strategic alliances, supply chain agreement and mergers & acquisition activities are covered in the report in detail from 2014 to 2019. Expected alliances and agreement in forecast period will give future course of action in the market to the readers. All major & important players are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.

Objective of the Report:

The objective of the report is to present a comprehensive analysis of Global Exploration and Production Software Market (E&P) including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.

External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Exploration and Production Software Market (E&P) dynamics, structure by analyzing the market segments and project the Global Exploration and Production Software Market (E&P) size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Exploration and Production Software Market (E&P) make the report investor’s guide.

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Scope of Exploration & production software Market

Global Exploration & production software Market, by Deployment Type:

• On-premise Software
• Cloud-based Software
Global Exploration & production software Market, by Operation Type:

• On-shore
• Off-shore
Global Exploration & production software Market, by Software Type:

• Risk Management Mapping
• Seismic Amplitude Analysis
• Portfolio Aggregation
• Performance Tracking
• Navigation System
• Resource Valuation
• Reservoir Characterization
• Reservoir Simulation
• Drilling & production
Global Exploration & production software Market, by Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Analysed in the Global Exploration & production software Market:

• Schlumberger Limited
• Paradigm B.V.
• ION Geophysical Corporation
• ETL Solutions Ltd.
• Exploded Consulting Ltd.
• Landmark Solutions
• Baker Hughes Incorporated
• IHS Inc., Emerson Electric Co.
• Computer Modelling Group Ltd.
• Kongsberg Gruppen ASA, GE Oil & Gas
• Pason Systems Corp., Ikon Science Limited
• GEPlan Consulting Srl
• Interactive Network Technologies, Inc.
• Peloton
• Petroleum Experts Ltd.
• RockFlow Dynamics
• LLC
• OVS Group LLC
• P2 Energy Solutions
• Petrolink Services Inc.
• EDrilling AS, and TDE Group GmbH.

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