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Global Exploration and Production (E&P) Software Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Exploration and Production (E&P) refers to process of extraction and production of natural resources such as crude oil, natural gas, and geothermal energy. Software based solutions are utilized in Exploration & Production activities for identification and evaluation of crude oil deposits. These solutions also help in accessing feasibility of E&P activities. The growing crude oil demand worldwide and rising automation in Oil & Gas Industry as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista – in 2021, Global Crude Oil demand was estimated at 96.5 million barrels per day, and this number is projected to grow to 104.1 million barrels per day by 2026. Also, growing investment in crude oil exploration activities as well as rising technological advancements in E&P would create lucrative opportunities for the market over the forecast period. However, high costs associated with deployment as well as rising concerns over data security impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Exploration and Production (E&P) Software Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to rising investment in Oil & Gas sector as well as presence of leading market players in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of IT sector as well as increasing penetration of leading market players in the region.
Major market players included in this report are:
Baker Hughes
Emerson Paradigm Holding LLC
ETL Solutions
Halliburton
Ikon Science
Interactive Network Technologies, Inc.
KAPPA Engineering
KAPCO
P2 Energy Solutions
Schlumberger Limited
Recent Developments in the Market:
In March 2022, Petrobel, a joint venture between ENI and the Egyptian General Petroleum Corporation awarded contact to Haliburton for deployment of iEnergy Stack. iEnergy Stack is a cloud based on-premises solution that enables agile and collaborative E&P workflows. This collaboration would enable Haliburton to extend its market presence in petroleum industry.
In May 2022, Brazil’s national oil company Petrobras collaborated with US based Software company Tibco for the deployment of Spotfire analytics platform.
Global Exploration and Production (E&P) Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Operation Type, Deployment, Software Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
By Operation Type:
On-shore
Off-shore
By Deployment:
Cloud
On-Premises
By Software Type:
Risk Management Mapping
Seismic Amplitude Analysis
Portfolio Aggregation
Performance Tracking
Navigation Systems
Resource Valuation
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Exploration and Production (E&P) Software Market, by Region, 2019-2029 (USD Billion)
1.2.2. Exploration and Production (E&P) Software Market, by Component, 2019-2029 (USD Billion)
1.2.3. Exploration and Production (E&P) Software Market, by Operation Type, 2019-2029 (USD Billion)
1.2.4. Exploration and Production (E&P) Software Market, by Deployment, 2019-2029 (USD Billion)
1.2.5. Exploration and Production (E&P) Software Market, by Software Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Exploration and Production (E&P) Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Exploration and Production (E&P) Software Market Dynamics
3.1. Exploration and Production (E&P) Software Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing crude Oil demand worldwide
3.1.1.2. Rising automation in Oil & Gas Industry
3.1.1.3. Strategic initiatives from leading market players
3.1.2. Market Challenges
3.1.2.1. High deployment cost associated with E&P Software
3.1.2.2. Rising concerns over data privacy and security
3.1.3. Market Opportunities
3.1.3.1. Growing investment in Crude Oil exploration activities
3.1.3.2. Rising technological advancements in E&P
Chapter 4. Global Exploration and Production (E&P) Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Exploration and Production (E&P) Software Market, by Component
6.1. Market Snapshot
6.2. Global Exploration and Production (E&P) Software Market by Component, Performance – Potential Analysis
6.3. Global Exploration and Production (E&P) Software Market Estimates & Forecasts by Component, 2019-2029 (USD Billion)
6.4. Exploration and Production (E&P) Software Market, Sub Segment Analysis
6.4.1. Solutions
6.4.2. Services
Chapter 7. Global Exploration and Production (E&P) Software Market, by Operation Type
7.1. Market Snapshot
7.2. Global Exploration and Production (E&P) Software Market by Operation Type, Performance – Potential Analysis
7.3. Global Exploration and Production (E&P) Software Market Estimates & Forecasts by Operation Type, 2019-2029 (USD Billion)
7.4. Exploration and Production (E&P) Software Market, Sub Segment Analysis
7.4.1. On-shore
7.4.2. Off-shore
Chapter 8. Global Exploration and Production (E&P) Software Market, by Deployment
8.1. Market Snapshot
8.2. Global Exploration and Production (E&P) Software Market by Deployment, Performance – Potential Analysis
8.3. Global Exploration and Production (E&P) Software Market Estimates & Forecasts by Deployment, 2019-2029 (USD Billion)
8.4. Exploration and Production (E&P) Software Market, Sub Segment Analysis
8.4.1. Cloud
8.4.2. On-premises
Chapter 9. Global Exploration and Production (E&P) Software Market, by Software Type
9.1. Market Snapshot
9.2. Global Exploration and Production (E&P) Software Market by Software Type, Performance – Potential Analysis
9.3. Global Exploration and Production (E&P) Software Market Estimates & Forecasts by Software Type, 2019-2029 (USD Billion)
9.4. Exploration and Production (E&P) Software Market, Sub Segment Analysis
9.4.1. Risk Management Mapping
9.4.2. Seismic Amplitude Analysis
9.4.3. Portfolio Aggregation
9.4.4. Performance Tracking
9.4.5. Navigation Systems
9.4.6. Resource Valuation
9.4.7. Others
Chapter 10. Global Exploration and Production (E&P) Software Market, Regional Analysis
10.1. Exploration and Production (E&P) Software Market, Regional Market Snapshot
10.2. North America Exploration and Production (E&P) Software Market
10.2.1. U.S. Exploration and Production (E&P) Software Market
10.2.1.1. Component breakdown estimates & forecasts, 2019-2029
10.2.1.2. Operation Type breakdown estimates & forecasts, 2019-2029
10.2.1.3. Deployment breakdown estimates & forecasts, 2019-2029
10.2.1.4. Software Type breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Exploration and Production (E&P) Software Market
10.3. Europe Exploration and Production (E&P) Software Market Snapshot
10.3.1. U.K. Exploration and Production (E&P) Software Market
10.3.2. Germany Exploration and Production (E&P) Software Market
10.3.3. France Exploration and Production (E&P) Software Market
10.3.4. Spain Exploration and Production (E&P) Software Market
10.3.5. Italy Exploration and Production (E&P) Software Market
10.3.6. Rest of Europe Exploration and Production (E&P) Software Market
10.4. Asia-Pacific Exploration and Production (E&P) Software Market Snapshot
10.4.1. China Exploration and Production (E&P) Software Market
10.4.2. India Exploration and Production (E&P) Software Market
10.4.3. Japan Exploration and Production (E&P) Software Market
10.4.4. Australia Exploration and Production (E&P) Software Market
10.4.5. South Korea Exploration and Production (E&P) Software Market
10.4.6. Rest of Asia Pacific Exploration and Production (E&P) Software Market
10.5. Latin America Exploration and Production (E&P) Software Market Snapshot
10.5.1. Brazil Exploration and Production (E&P) Software Market
10.5.2. Mexico Exploration and Production (E&P) Software Market
10.6. Rest of The World Exploration and Production (E&P) Software Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Baker Hughes
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Emerson Paradigm Holding LLC
11.2.3. ETL Solutions
11.2.4. Halliburton
11.2.5. Ikon Science
11.2.6. Interactive Network Technologies, Inc.
11.2.7. KAPPA Engineering
11.2.8. KAPCO
11.2.9. P2 Energy Solutions
11.2.10. Schlumberger Limited
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
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