Digital Oilfield Solutions Market to Grow at a Significant CAGR of 6.3% Through 2028 - Future Market Insights - Seite 2

Owing to the increasing demand for digital oilfield solutions in the next ten years, prominent manufacturers are likely to focus on collaborating with technology giants to further expand their business footprint, globally. Some Key players in the digital oilfield solutions market are ABB, Emerson Electric, Rockwell Automation, Siemens AG, Schneider Electric, Honeywell International Inc, and General Electric.

Preview Analysis On Digital Oilfield Solutions Market segmentation By Component- Hardware, Software, Services; By Domain - Automation solutions, Instrumentation; By End Use- Upstream, Midstream, Downstream: https://www.futuremarketinsights.com/reports/digital-oilfield-solutions-market

Offshore LTE, Digital Partnerships, and Smart Oil Fields to Benefit Digital Oilfield Solutions Providers & OnG Companies Alike 

For operation and maintenance efficiency, oilfields needs full network availability- along with a dedicated radio frequency. The world's first Offshore Long Term Evolution (LTE) wireless communications solution is enhancing efficiency in the Norwegian North Sea. With 'integrated operations' practices, oil and gas companies are able to complete oilfields explorations in 3-4 months, thereby reducing labor cost, with a much higher return on investment by increased production efficiency. High-Tech integrations such as offshore LTE connects the oil field to company offices-by syncing people, processes, and technology coupled with real-time monitoring, analysis, and control. Experts at FMI believe that digital oilfield solutions will be adopted significantly owing these factors.

Additionally, digitization partnerships between IT solutions provider and key players in the oil and gas industry is projected to augment the adoption of digital oilfield solutions in the coming years, by reducing operation costs and improving drilling efficiency. Recently, Halliburton and Microsoft collaborated for digitally transforming the oil and gas industry, concentrating on delivering intelligent cloud solutions. Such partnerships would unlock huge potential of digital oilfield solutions for offshore drilling operations. Digital oilfield solutions players are offering end to end products like hardware, software, and services to the oil and gas industry, keeping them in line with the current automation trends, and open up more 'smart oil fields'