Global Exploration and Production Accounting System Software Market
Posted by mbkashid on October 18th, 2020
Global Exploration and Production Accounting System Software Market is expected to reach US$ XX Bn by 2026 from US$ 20.25 Bn in 2018 at a CAGR of XX %.
Exploration and Production Accounting System Software Market is segmented by deployment type, operation type, software type, industry vertical and geography. The deployment type is further divided into cloud-based and on-premises software. The market based on operation type is categorized into on-shore and offshore operations. The on-shore operations are expected to lead the market for exploration and production management software.
The off-shore segment is expected to grow at a stable rate during the forecast period. This is due to longer timeline required for off-shore operations than on-shore operation and new innovations have boosted the onshore operations industry. The exploration and production accounting system software market based on software type is segmented into performance tracking, risk management mapping, the navigation system, portfolio aggregation, process safety & control system, resource valuation, reservoir simulation & characterization, drilling, production & others. The market based on industry vertical is categorized into oil and gas, refining, mining, petrochemicals, chemicals & others.
The oil & gas industry vertical is leading the market for exploration and production management software and is expected to grow at the highest CAGR during the forecast period. The largest volumes of products of the oil and gas industry are fuel oil and gasoline and due to the large demand of the fuel oil and gasoline from the developed and developing countries and it is integral to many industries these factors are contributing to the growth of oil and gas industry.
Geographically, the exploration and production accounting system software market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to be one of the largest markets for exploration and production accounting system software during the forecast period. This is due to the large oil and gas industry and the presence of major players such as Schlumberger Limited (US), Interactive network technologies, Inc. (US) and others. The Asia Pacific is expected to witness high growth during the forecast period due to the increasing industrialization and growing oil & gas industry in this regions
Key players operating in the market are Schlumberger Limited, ION Geophysical Corporation, Interactive Network Technologies, Inc., Paradigm Geophysical BV, Petroleum Experts Ltd., ETL Solutions Ltd., GEPlan Consulting S.r.l., GE Oil & Gas, P2 Energy Solutions, Etech International, Inc., eDrilling AS, Honeywell, Inc.
The objective of the report is to present comprehensive analysis of Global Exploration and Production Accounting System Software market 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 analysis of complicated data in simple language. The report covers all the aspects of industry with 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 have been 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 clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Exploration and Production Accounting System Software market dynamics, structure by analyzing the market segments, and project the Global Exploration and Production Accounting System Software market 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 Accounting System Software market make the report investor’s guide.
Global Exploration and Production Accounting System Software Market by Deployment type:
• Cloud-based Software
• Performance Tracking
• Oil and Gas
• North America
• Schlumberger Limited,
For more information of visit:https://www.maximizemarketresearch.com/market-report/exploration-production-accounting-system-software-market/2980/
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