Global Exploration and Production (E&P) Software Market to Reach US$ 16,736.5 Mn by 2026– Rise in Exploration of Unconventional Gas Resources and Rising Oil & Gas Exploration And Production (E&P) Activities Globally to Drive the Market

Posted on 2019-02-01 by Mark Hub in Technology // 0 Comments

Albany, USA, 2019-Feb-01 — /EPR Network/ —Exploration & Production (E&P) is an upstream segment of the oil & gas industry which plays an important role in the process of locating, testing, and drilling of oil & gas. E&P software is an integrated solution which is completely dedicated to managing every process from exploration to production. With recent advancements in digital technology, the deployment of E&P software by oil & gas companies has increased to a great extent. The Global E&P Software Market is currently driven by growing investment in the oil & gas sector, rising exploration of unconventional gas resources, and technological advancements. Fluctuating prices of oil & gas worldwide has been identified as the major inhibitor to the market’s growth.

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The global exploration & production (E&P) software market has been segmented on the basis of deployment type, operation type, software type, and geography. On the basis of deployment type, the market is segmented into on-premise software and cloud-based software. Cloud-based E&P are a type of system where information regarding exploration and production are present on the cloud. Cloud-based technology is most preferred by small businesses. Due to rising level of digitization and rising awareness of cloud computing technologies, cloud-based E&P software is expected to show significant growth rate during the forecast period. In terms of operation type, the market is segmented into on-shore and off-shore. On-shore exploration & production software refers to the implementation of software in the development of oil fields, gas deposits, and geothermal energy on land. It could be conventional or unconventional. In terms of operation type, the global E&P software market was led by on-shore operation type. However, the demand is projected to shift toward off-shore operations due to the rising offshore activities. In terms of software type, the market is segmented into risk management mapping, seismic amplitude analysis, portfolio aggregation, performance tracking, navigation system, resource valuation, reservoir characterization, reservoir simulation, drilling, and production. Portfolio aggregation software is used to combine oil and gas project and asset level data from various external sources with an aim to make organized and appropriate decisions at the portfolio level and determine optimal allocation of resources. The production software has been identified as the fastest growing segment during the forecast period, due to upward trend in production in the upstream oil & gas sector around the world.

This report by Transparency Market Research on the global exploration and production (E&P) software market analyzes and forecasts the data at the global and regional levels. The report provides an analysis of the industry trends in each of the segments from 2016 to 2026, where 2018 to 2026 is the forecast period and 2017 is the base year. The global exploration and production (E&P) software market report provides in-depth and accurate analysis of the market. It also highlights various drivers, restraints, and opportunities expected to influence market growth during the forecast period. The study provides a complete perspective about the exploration and production (E&P) software market and expansion throughout the research study in terms of value (US$ Mn) across North America, Asia Pacific, South America, Middle East & Africa, and Europe. Moreover, the study explains the penetration of each market segment within various regions and how these segments have accelerated the growth of the market.

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The exploration and production (E&P) software market report covers all the major trends and technologies playing a major role in market growth from 2018 to 2026. The overview section of the report analyzes market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators, integration challenges, type adoption analysis, and trends of the market. A market opportunity analysis for every segment has been included in the report to provide a thorough understanding of the overall scenario in the exploration and production (E&P) software market. The report also provides an overview of various strategies adopted by key players in the market.

The report segments the global exploration and production (E&P) software market on the basis of deployment type into on-premise software and cloud-based software. Due to rising level of digitization and rising awareness of cloud computing technologies, cloud-based E&P software is expected to show significant growth rate during the forecast period. In terms of operation type, the market is segmented into on-shore and off-shore. In terms of operation type, the global E&P software was led by on-shore operation type. In terms of software type, the market is segmented into risk management mapping, seismic amplitude analysis, portfolio aggregation, performance tracking, navigation system, resource valuation, reservoir characterization, reservoir simulation, drilling, and production.

The report also highlights the competitive landscape of the exploration and production (E&P) software market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive exploration and production (E&P) software market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the exploration and production (E&P) software market growth.

This report provides all the essential information required to understand the key developments in the global exploration and production (E&P) software market and expansion trends of each segment and region. It also includes strategies, company overview, and key competitors under the company profiles section. Additionally, the report provides insights related to trends and their impact on the regional market. Moreover, Porter’s Five Forces analysis provides analysis of bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition in the global exploration and production (E&P) software market. The study provides a comprehensive ecosystem analysis of the global exploration and production (E&P) software market, explaining the various participants including software & third-party vendors, system integrators, and distribution channels of the value chain operating in the market.

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The research methodology is a combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the global Exploration and Production (E&P) software market, across regions. Primary interviews are conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

The research study includes profiles of leading companies operating in the global exploration and production (E&P) software market. Key players profiled in the report include Schlumberger Limited, ION Geophysical Corporation, Exprodat Consulting Ltd. (Now Part of Getech Group Plc), Halliburton Company, Baker Hughes Incorporated, IHS Inc., Emerson Electric Co., Computer Modelling Group Ltd., Kongsberg Gruppen ASA, GE Oil & Gas, Pason Systems Corp., Paradigm B.V., ETL Solutions Ltd., Ikon Science Limited, GEPlan Consulting Srl, Interactive Network Technologies, Inc., Peloton, Petroleum Experts Ltd., RockFlow Dynamics, LLC, OVS Group LLC, P2 Energy Solutions (Formerly Merrick Systems), Petrolink Services, Inc., eDrilling AS, TDE Group GmbH, and Etech International, Inc.,

The global exploration and production (E&P) software market has been segmented as below:

Global Exploration and Production (E&P) Software Market, by Deployment Type

On-premise Software
Cloud-based Software

Global Exploration and Production (E&P) Software Market, by Operation Type

On-shore
Off-shore

Global Exploration and Production (E&P) Software Market, by Software Type

Risk Management Mapping
Seismic Amplitude Analysis
Portfolio Aggregation
Performance Tracking
Navigation System
Resource Valuation
Reservoir Characterization
Reservoir Simulation
Drilling
Production

Global Exploration and Production (E&P) Software Market, by Region

North America
- U.S.
- Canada
- Rest of North America
Europe
- Germany
- France
- The U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
Middle East & Africa
- The UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
South America
- Brazil
- Rest of South America

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