USD 12,649.31 million growth in Drilling Data Management Systems Market-2022-2027; Baker Hughes Co. and Halliburton Co. emerge as key contributors to growth – Technavio

NEW YORK, May 26, 2023 /PRNewswire/ — The latest report on drilling data management systems market, 2022-2027 estimates to register an incremental growth of USD 12,649.31 mn at a CAGR of 9.19% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The usage of drilling data management systems to improve productivity and transparency by enabling data contractors to collect, manage, and analyze data related to drilling operations in real time. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request sample report 

Drilling Data Management Systems Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

Drilling Data Management Systems Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Baker Hughes Co., Halliburton Co., Honeywell International Inc., International Business Machines Corp., NOV Inc., Oracle Corp., Pason Systems Inc., Schlumberger Ltd., Dell Technologies Inc., SAP SE, SAS Institute Inc., Accenture Plc, Capgemini Service SAS, Wipro Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Trackem, and Teradata Corp. are among some of the major market participants.

Vendors offering 

• Baker Hughes Co.- The company offers Construction Data Management Solution for Saipem, which is one of the worlds leading oil and gas engineering and construction contractors.
• Halliburton Co.- The company offers drilling data management systems which is used for secure, customizable, and scalable data management solutions, underpinned by industry-leading oil and gas expertise.
• Honeywell International Inc.- The company offers drilling data management systems such as Master data management.

What`s New for 2023?

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• Global competitiveness and key competitor positions
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Key Drivers

• Drilling data management system to improve productivity and transparency is one of the major drivers for the market.
• DDMS helps drilling contractors collect, manage, and analyze data related to drilling operations in real-time.
• It allows companies to optimize their drilling process by identifying areas of inefficiency or waste and taking corrective action.
• DDMS improves the safety of drilling operations by monitoring critical drilling parameters and identifying potential safety hazards in real-time.

Key Trends

• Increasing applications of data management systems in oil exploration is one of the primary trends in the market.
• The increasing global demand for hydrocarbon fuels is driving the need for DDMS in oil exploration.
• As there is also an increased need for regulations and operational guidelines, companies need to invest in maintaining safety and providing transparency in the process, which can be done with the help of DDMS.
• It helps in reducing the costs of manually monitoring/managing the drilling process, which is a major reason for its adoption.

Key Challenge – 

• Change in the energy mix is one of the key challenges for the market.
• The demand for energy is driven by the growing population and rising disposable income in developing countries such as India, China, and the Philippines.
• The energy mix, which is defined as the use of different proportions of energy sources such as fossil fuels, nuclear energy, and renewable energy to meet energy needs, is changing globally with evolving policy measures and technological advancements.
• The growing contribution of renewable energy sources in the global energy mix will lead to an increase in the number of solar PV installations and wind farms and a decrease in fossil fuel-based power generation, resulting in the low demand for oil and gas products for the power sector.

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Drilling Data Management Systems Market 2023-2027: Segmentation

Drilling Data Management Systems Market is segmented as below:

• Component 
• Services
• Software
• Hardware
• Application 
• Oil
• Gas
• Energy
• Power
• Geography 
• North America
• Middle East And Africa
• Europe
• APAC
• South America

The market share growth by the services segment will be significant for the market growth during the forecast period. The services used in the global DDMS market include management solutions, consultation services, software updates, overall maintenance, and timely replacement of sensors that allow continuous monitoring of drilling sites. The services segment consists of activities such as sensor installation, equipment maintenance, consultation, and data analytics that are applied in various stages of drilling operations. Investments in the services segment are growing due to the introduction of new technologies such as vertical drilling or Enhanced Oil Recovery (EOR), which reduce the drilling time and enable the efficient extraction of oil, thereby increasing overall productivity and requiring continuous data collection and analysis 

Geography Analysis – 

North America is estimated to contribute 42% to the growth of the global market. The US and Canada are the most important countries in the region as they are major oil producers and have abundant petroleum resources. The US shale revolution has contributed significantly to oil production in the region, allowing oil companies to make profits even at low oil prices. The commercialization of hydraulic fracturing technology has brought many small, independent energy companies into the market, which is driving the drilling activity in the region. 

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Drilling Data Management Systems Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist drilling data management systems market growth during the next five years
• Estimation of the drilling data management systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the drilling data management systems market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of drilling data management systems market, vendors

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Table of Contents – 

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global drilling data management systems market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global drilling data management systems market 2017 – 2021 ($ million)

• 4.2 Component Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Component Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments 
• Exhibit 30: Chart on Component – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component – Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Services – Market size and forecast 2022-2027
• Exhibit 34: Chart on Services – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Services – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Services – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Services – Year-over-year growth 2022-2027 (%)

• 6.4 Software – Market size and forecast 2022-2027
• Exhibit 38: Chart on Software – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Software – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Software – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Software – Year-over-year growth 2022-2027 (%)

• 6.5 Hardware – Market size and forecast 2022-2027
• Exhibit 42: Chart on Hardware – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Hardware – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Hardware – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Hardware – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Component 
• Exhibit 46: Market opportunity by Component ($ million)
• Exhibit 47: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 48: Chart on Application – Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Oil and gas – Market size and forecast 2022-2027
• Exhibit 52: Chart on Oil and gas – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Oil and gas – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Oil and gas – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Oil and gas – Year-over-year growth 2022-2027 (%)

• 7.4 Energy and power – Market size and forecast 2022-2027
• Exhibit 56: Chart on Energy and power – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Energy and power – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Energy and power – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Energy and power – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 60: Market opportunity by Application ($ million)
• Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 71: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 75: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 APAC – Market size and forecast 2022-2027
• Exhibit 79: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 Russia – Market size and forecast 2022-2027
• Exhibit 91: Chart on Russia – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Russia – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Russia – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Russia – Year-over-year growth 2022-2027 (%)

• 9.10 Saudi Arabia – Market size and forecast 2022-2027
• Exhibit 95: Chart on Saudi Arabia – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Saudi Arabia – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Saudi Arabia – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Saudi Arabia – Year-over-year growth 2022-2027 (%)

• 9.11 China – Market size and forecast 2022-2027
• Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.12 Canada – Market size and forecast 2022-2027
• Exhibit 103: Chart on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Accenture Plc 
• Exhibit 115: Accenture Plc – Overview
• Exhibit 116: Accenture Plc – Business segments
• Exhibit 117: Accenture Plc – Key offerings
• Exhibit 118: Accenture Plc – Segment focus

• 12.4 Baker Hughes Co. 
• Exhibit 119: Baker Hughes Co. – Overview
• Exhibit 120: Baker Hughes Co. – Business segments
• Exhibit 121: Baker Hughes Co. – Key news
• Exhibit 122: Baker Hughes Co. – Key offerings
• Exhibit 123: Baker Hughes Co. – Segment focus

• 12.5 Capgemini Service SAS 
• Exhibit 124: Capgemini Service SAS – Overview
• Exhibit 125: Capgemini Service SAS – Business segments
• Exhibit 126: Capgemini Service SAS – Key news
• Exhibit 127: Capgemini Service SAS – Key offerings
• Exhibit 128: Capgemini Service SAS – Segment focus

• 12.6 Dell Technologies Inc. 
• Exhibit 129: Dell Technologies Inc. – Overview
• Exhibit 130: Dell Technologies Inc. – Business segments
• Exhibit 131: Dell Technologies Inc. – Key offerings
• Exhibit 132: Dell Technologies Inc. – Segment focus

• 12.7 Halliburton Co. 
• Exhibit 133: Halliburton Co. – Overview
• Exhibit 134: Halliburton Co. – Business segments
• Exhibit 135: Halliburton Co. – Key news
• Exhibit 136: Halliburton Co. – Key offerings
• Exhibit 137: Halliburton Co. – Segment focus

• 12.8 Honeywell International Inc. 
• Exhibit 138: Honeywell International Inc. – Overview
• Exhibit 139: Honeywell International Inc. – Business segments
• Exhibit 140: Honeywell International Inc. – Key news
• Exhibit 141: Honeywell International Inc. – Key offerings
• Exhibit 142: Honeywell International Inc. – Segment focus

• 12.9 Infosys Ltd. 
• Exhibit 143: Infosys Ltd. – Overview
• Exhibit 144: Infosys Ltd. – Business segments
• Exhibit 145: Infosys Ltd. – Key news
• Exhibit 146: Infosys Ltd. – Key offerings
• Exhibit 147: Infosys Ltd. – Segment focus

• 12.10 International Business Machines Corp.
• Exhibit 148: International Business Machines Corp. – Overview
• Exhibit 149: International Business Machines Corp. – Business segments
• Exhibit 150: International Business Machines Corp. – Key news
• Exhibit 151: International Business Machines Corp. – Key offerings
• Exhibit 152: International Business Machines Corp. – Segment focus

• 12.11 NOV Inc. 
• Exhibit 153: NOV Inc. – Overview
• Exhibit 154: NOV Inc. – Business segments
• Exhibit 155: NOV Inc. – Key offerings
• Exhibit 156: NOV Inc. – Segment focus

• 12.12 Oracle Corp. 
• Exhibit 157: Oracle Corp. – Overview
• Exhibit 158: Oracle Corp. – Business segments
• Exhibit 159: Oracle Corp. – Key news
• Exhibit 160: Oracle Corp. – Key offerings
• Exhibit 161: Oracle Corp. – Segment focus

• 12.13 Pason Systems Inc. 
• Exhibit 162: Pason Systems Inc. – Overview
• Exhibit 163: Pason Systems Inc. – Product / Service
• Exhibit 164: Pason Systems Inc. – Key offerings

• 12.14 SAP SE 
• Exhibit 165: SAP SE – Overview
• Exhibit 166: SAP SE – Business segments
• Exhibit 167: SAP SE – Key news
• Exhibit 168: SAP SE – Key offerings
• Exhibit 169: SAP SE – Segment focus

• 12.15 SAS Institute Inc. 
• Exhibit 170: SAS Institute Inc. – Overview
• Exhibit 171: SAS Institute Inc. – Product / Service
• Exhibit 172: SAS Institute Inc. – Key news
• Exhibit 173: SAS Institute Inc. – Key offerings

• 12.16 Schlumberger Ltd. 
• Exhibit 174: Schlumberger Ltd. – Overview
• Exhibit 175: Schlumberger Ltd. – Business segments
• Exhibit 176: Schlumberger Ltd. – Key news
• Exhibit 177: Schlumberger Ltd. – Key offerings
• Exhibit 178: Schlumberger Ltd. – Segment focus

• 12.17 Wipro Ltd. 
• Exhibit 179: Wipro Ltd. – Overview
• Exhibit 180: Wipro Ltd. – Business segments
• Exhibit 181: Wipro Ltd. – Key news
• Exhibit 182: Wipro Ltd. – Key offerings
• Exhibit 183: Wipro Ltd. – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations 
• Exhibit 190: List of abbreviations

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