About Drilling Data Management Systems
Drilling data management system is a system that enables management, report, and analyzing drilling data to plan and learn from quality controlled drilling data. It is the practice of collecting, keeping, and using data securely, efficiently, and cost-effectively. It used to manage digital data in an organization involves a broad range of tasks, policies, procedures, and practices.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Global Drilling Data Management Systems is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Softwares. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Drilling Data Management Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TIBCO Software (United States), Halliburton (United States), Wipro (India), Oracle Corporation (United States), Enverus (United States), Honeywell (United States), G2 (United States), Schlumberger (United States), Oilwell Verco (United States) and Pason System Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Infosys (India), TCS (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Drilling Data Management Systems market by and Region.
On the basis of geography, the market of Drilling Data Management Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use Verticals, the sub-segment i.e. Petroleum Industry will boost the Drilling Data Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Broad Application Support will boost the Drilling Data Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need for the Effective Decision Making
Market Growth Drivers:
Increasing Application of Drilling Data Management System to Improve Productivity and Transparency and Drilling Data Management System Offers Various Benefits such as Gain New Insights into your Safety Processes
Restraints:
High Cost Associated with the Drilling Data Management System
Opportunities:
Increasing Implementation of the Drilling Data Management System can create Opportunities for the Market Growth
Market Leaders and their expansionary development strategies
In January 2021, TIBCO Software has acquired Information Builders, Inc. The acquisition is the addition of ibi’s data management and analytics capabilities to the advanced TIBCO connected intelligence platform. The strategic activity will speed customers’ time to Data-Driven Insights.
In 2019, Honeywell has introduced a new enterprise performance management software. The new launch improves the way a variety of companies collect, analyze and act on data from their operations.
Key Target Audience
Drilling Data Management Systems Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.