Exploration and production (E&P) software market will reach at an estimated value of USD 14,484.9 million and grow at a CAGR of 13.20% in the forecast period of 2021 to 2028.
Software solutions known as “exploration and production software” are created specifically for the oil and gas sector as a whole. This software enables users to comprehend and interpret seismic data, perform well interactions, and create reservoir models that may be used for simulation. Additionally, it assists in visualising and producing maps, simulation output, volume evaluations, and the formulation of advanced reservoir exploitation techniques.
Growing investment in the oil and gas industry, expanding exploration of unconventional gas resources, increasing digitalization in the oil and gas and energy sectors, an increase in the number of government initiatives to support the oil and gas industry in Europe, and rising demand for liquid hydrocarbons are some of the other key factors accelerating market growth. Rising technological advancements in E&P and extensive use of E&P software are other crucial factors. Additionally, during the aforementioned projection period, there will be more chances for exploration and production software market due to expanding research and development activities in the market and rising demand from emerging economies.
However, among other things, a lack of technological know-how and high investment costs are the main issues limiting market expansion, which will further complicate the market for exploration and production software during the aforementioned projected period.
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This exploration and production software market report details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market participants, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, produ Contact Analytics Market Research for an Analyst Brief to learn more about the market for exploration and production software. Our staff will assist you in making an informed choice to expand your business.
Market Segmentation
Global Exploration and Production (E&P) Software Market: Major Players
TDE Group GmbH
ETL Solutions Ltd.
Paradigm B.V.
Peloton
Exprodat Consulting Ltd.
Ikon Science Limited
Landmark Solutions
RockFlow Dynamics, LLC
Petroleum Experts Ltd.
GEPlan Consulting Srl
Pason Systems Corp.
GE Oil & Gas
IHS Inc.
OVS Group LLC
Baker Hughes Incorporated
Schlumberger Limited
ION Geophysical Corporation
Computer Modelling Group Ltd.
Emerson Electric Co.
Kongsberg Gruppen ASA
Interactive Network Technologies, Inc.
P2 Energy Solutions
Petrolink Services, Inc.
EDrilling AS
Global Exploration and Production (E&P) Software Market: Types
On-premise Software
Cloud-based Software
Applications
On-shore
Off-shore
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Global Exploration and Production (E&P) Software Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Exploration and Production (E&P) Software market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Points:
Define, describe and forecast Exploration and Production (E&P) Software product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
