Global Exploration & Production (E&P) Software Market Expected to Grow Due to High Adoption of Technology

Albany, New York, April 8, 2017: The global exploration and production software market has gained an accelerated momentum thanks to the high application of technology to make processes more efficient and accurate. The quickly rising global market for exploration & production (E&P) software market is the focus of a new market research report added to the huge online collection of Market Research Reports Search Engine (MRRSE). This research report is titled “Exploration & Production (E&P) Software Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024”.

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The report predicts that the global exploration and production software market will rise at a CAGR of 18.9% between the forecast years of 2016 and 2024. Rising at this pace, the market will be worth US$14.7 billion before 2024, from US$3.1 billion in 2015. This report begins with an overview of the global market including definition, industry evolution and key market indicators, which is followed by key developments and market attractiveness analysis. Furthermore, the report showcases the market dynamics and major trends such as the market drivers, restraints, risks and opportunities, which influence the present situation and future prospect of this industry. Porter’s five force analysis and ecosystem analysis have been covered in the study for the better understanding of competitive landscape.

Another pivotal feature of this report is the analysis of the global exploration and production software market by segregating the market on the basis of deployment type, operation type, software type and geographical region. The segments based on software type are as follows:

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

Different deployment options available for E&P software are on-premise and cloud-based software. On the basis of operation type, the market has been classified into on-shore and off-shore.

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Key players operating in the market are Schlumberger Limited, ION Geophysical Corporation, ETL Solutions Ltd., Paradigm B.V., Exprodat Consulting Ltd., Landmark Solutions, IHS Inc., Emerson Electric Co., Computer Modelling Group Ltd., Baker Hughes Incorporated, Kongsberg Gruppen ASA, GE Oil & Gas, Pason Systems Corp., GEPlan Consulting Srl, Interactive Network Technologies Inc., Ikon Science Limited, Peloton, Petroleum Experts Ltd., RockFlow Dynamics LLC, P2 Energy Solutions, Petrolink Services, Inc., OVS Group LLC, EDrilling AS and TDE Group GmbH. Details such as company details, company description, financial overview, business overview, strategic overview, SWOT analysis and other strategic information pertaining to these players have been duly covered as part of company profiling.

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