New York, NY -- (SBWIRE) -- 12/22/2017 -- The analysts forecast the global smart oilfield market to grow at a CAGR of 4.1% during the period 2016-2020.

Smart oilfield involves the application of advanced software, hardware, and data analysis techniques to increase the E&P efficiency of oil and gas. In an era of ever-growing energy demand and depletion of "easy oil," smart oilfields facilitate in maximizing oilfield recovery by reducing downtime. These oilfields increase the ROI and profitability through effective integration of workflows and design, and by reducing production costs. The workflow includes business process management that utilizes advanced information technologies to streamline or even automate various operations performed across different functional teams.

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Covered in this report
The report covers the present scenario and the growth prospects of the global smart oilfield market for 2016-2020. The market size has been calculated based on the demand for smart oilfield technologies and services by the oil and gas companies.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Baker Hughes
- CNPC
- Halliburton
- Honeywell International
- Schlumberger

Other prominent vendors
- Accenture
- Kongsberg Gruppen
- Microseismic
- National Oilwell Varco
- Paradigm
- Pason Systems
- Petrolink
- Redline Communications Group
- Rockwell Automation
- Shell
- Siemens
- Weatherford

Market driver
- Remote onshore and deep and ultra-deepwater offshore explorations
- For a full, detailed list, view our report

Market challenge
- Resistance to change
- For a full, detailed list, view our report

Market trend
- Advances in smart oilfield technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Table Of Contents – Major Key Points

PART 01: Executive summary
- Highlights

PART 02: Scope of the report
- Market overview
- Top-vendor offerings

PART 03: Market research methodology
- Research methodology
- Economic indicators

PART 04: Introduction
- Key market highlights

PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis

PART 06: Market segmentation by technology and services
- Global smart oilfield market by technology and services
- Global smart oilfield market by services
- Global smart oilfield market by hardware technologies
- Global smart oilfield market by software technologies

PART 07: Geographical Segmentation
- Global smart oilfield market by geographical segmentation
- Smart oilfield market in the Americas
- Smart oilfield market in EMEA
- Smart oilfield market in APAC

PART 08: Key leading countries
- US
- China

PART 09: Market drivers
- Reduction in production costs
- Increase in patent filing
- Low oil prices
- Remote onshore and deep and ultra-deepwater offshore explorations
- Need for fast and easy data access
- Enhanced business productivity

PART 10: Impact of drivers

PART 11: Market challenges
- Cyber security concerns
- Integration of smart oilfield systems with existing application systems
- Resistance to change
- Uncertainties about benefits of smart oilfield technologies

PART 12: Impact of drivers and challenges

PART 13: Market trends
- Advances in smart oilfield technology
- Growing use of big data analytics, IoT, and robotics
- Workforce, data, and asset security
- Increased use of mobile devices

Continue…….

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