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Digital Oilfield Market is expected to generate a revenue of USD 38.09 Billion by 2031, Globally, at 5.31% CAGR: Verified Market Research®
Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Digital Oilfield Market Size and Forecast,” The Digital Oilfield Market is expanding as energy companies accelerate automation and adopt real-time data systems to improve operational efficiency. However, data security concerns, high implementation costs, and lack of skilled personnel continue to challenge broader adoption across the industry.
LEWES, Del., April 17, 2025 /PRNewswire/ — The Global Digital Oilfield Market Size is projected to grow at a CAGR of 5.31% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 25.18 Billion in 2024 and is expected to reach USD 38.09 Billion by the end of the forecast period.
The Digital Oilfield Market is witnessing steady growth driven by increasing demand for smart oilfield solutions, growing investments in IoT infrastructure, and the need for efficient oil recovery methods. The market caters to both upstream and midstream oil & gas segments.
Key Highlights of the Report:
- Market Size & Forecast: In-depth analysis of the global Digital Oilfield Market size, forecasted to grow significantly through 2031.
- Segmentation Analysis: Coverage by Application, Solution, Process, and Region.
- Regional Insights: North America leads due to advanced infrastructure and adoption of digital technologies in oilfields.
- Competitive Landscape: Profiles and strategies of key players like Schlumberger, Halliburton, Weatherford, and Emerson Electric.
- Technology Trends: Exploration of IoT, AI, big data, and cloud integration in oilfield operations.
- Challenges Covered: Analysis of cybersecurity risks, implementation barriers, and workforce gaps.
Why This Report Matters?
This report offers decision-makers a detailed look at technological advancements and challenges in the oil & gas sector. It equips B2B buyers, industry strategists, and investors with actionable insights to drive digital transformation in their operations and improve ROI.
Why You Should Read This Report:
- Oil & Gas Companies looking to digitize their operations
- Energy Sector Investors & VCs targeting tech-led ventures
- IT & Automation Firms offering oilfield solutions
- Market Research Professionals tracking industrial digitization
- Government Agencies & Policy Makers focusing on energy innovation
For more information or to purchase the report, please contact us at: https://www.verifiedmarketresearch.com/download-sample?rid=5739
Browse in-depth TOC on “Global Digital Oilfield Market Size“
202 – Pages
126 – Tables
37 – Figures
Report Scope
|
REPORT ATTRIBUTES |
DETAILS |
|
STUDY PERIOD |
2021-2031 |
|
BASE YEAR |
2024 |
|
FORECAST PERIOD |
2024-2031 |
|
HISTORICAL PERIOD |
2021-2023 |
|
UNIT |
Value in USD Billion |
|
KEY COMPANIES PROFILED |
Weatherford, National Oilwell Varco, Schlumberger, Halliburton, BHGE, ABB, Emerson, Rockwell, Siemens AG, CGG, Kongsberg |
|
SEGMENTS COVERED |
|
|
CUSTOMIZATION SCOPE |
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Global Digital Oilfield Market Overview
Market Driver
Rising Demand for Real-Time Data Analytics: The increasing demand for real-time data in upstream oil and gas operations is driving the adoption of digital oilfields. It facilitates predictive maintenance, minimises non-productive time, and enhances decision-making. As organisations pursue operational excellence and data-driven initiatives, real-time analytics solutions are increasingly vital for optimising performance, efficiency, and return on investment in exploration and production activities.
Increasing Focus on Operational Automation: Oil and gas corporations are emphasising automation to diminish operational expenses, enhance safety, and augment production efficiency. Digital oilfield technologies, like AI-driven drilling, automated processes, and remote asset monitoring, are revolutionising conventional procedures. The push for autonomous operations is driving adoption, particularly in areas with developed oilfields and a strategic emphasis on enhancing energy production economics.
Growing Investment in IoT and Cloud Technologies: The amalgamation of IoT devices, sensors, and cloud platforms is transforming oilfield operations. Intelligent fields today depend on interconnected systems for efficient data acquisition, surveillance, and remote management. These technologies facilitate improved decision-making, reduce downtime, and augment asset visibility. As major oil companies spend substantially in digital transformation, the demand for scalable and interoperable digital oilfield systems is experiencing considerable growth.
To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=5739
Market RestraintHigh Initial Implementation Costs: Implementing digital oilfield solutions necessitates significant initial investment in IT infrastructure, edge computing, and system integration. Smaller operators may encounter financial limitations, hindering timely adoption. The ROI timeline, coupled with market price volatility, complicates cost justification for enterprises, particularly in areas where capital spending is already closely monitored due to variable oil prices and ambiguous energy policy.
Cybersecurity and Data Privacy Concerns: The heightened digitisation of oilfields renders them more vulnerable to cyberattacks, viruses, and data breaches. Operators are focused on safeguarding essential operating data and preserving system integrity across distant assets. A solitary breach can result in significant downtime or production losses. This risk renders firms prudent, frequently postponing or reducing digital transformation initiatives unless supported by strong cybersecurity standards.
Shortage of Skilled Workforce and Technical Expertise: The use of digital oilfield technologies necessitates specialised knowledge in fields such as artificial intelligence, internet of things, big data analytics, and cloud architecture. A significant number of oil-producing regions are experiencing a talent shortage. While hiring from the outside adds additional expenses, training internal personnel requires both time and resources. The restricted availability of qualified individuals slows down implementation, inhibits solutions from being used to their full potential, and presents a challenge to both the expansion of digital capabilities and the scalability of infrastructure over the long run.
Geographical Dominance
The Digital Oilfield Market is dominated by North America due to the region’s advanced oilfield infrastructure, early acceptance of technology, and significant investments in automation and analytics. The shale boom in the United States and the growing emphasis on improving production efficiency have both contributed to the acceleration of digital integration, which has positioned the region as a centre for innovation. These leading energy companies and technology providers further reinforce North America’s leadership position in the oil and gas industry by pushing digital transformation across the industry.
Key Players
The “Global Digital Oilfield Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Weatherford, National Oilwell Varco, Schlumberger, Halliburton, BHGE, ABB, Emerson, Rockwell, Siemens AG, CGG, Kongsberg.
Digital Oilfield Market Segment Analysis
Based on the research, Verified Market Research has segmented the global market into Application, Solution, Process and Geography.
• Digital Oilfield Market, by Application
o Onshore
o Offshore
• Digital Oilfield Market, by Solution
o Hardware Solution
o Software & Service Solutions
o Data Storage Solutions
• Digital Oilfield Market, by Process
o Safety Management
o Reservoir Optimization
o Production Optimization
o Drilling Optimization
• Digital Oilfield Market, by Geography
o North America
§ U.S
§ Canada
§ Mexico
o Europe
§ Germany
§ France
§ U.K
§ Rest of Europe
o Asia Pacific
§ China
§ Japan
§ India
§ Rest of Asia Pacific
o ROW
§ Middle East & Africa
§ Latin America
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Forbes Recognizes DXC’s Consulting Excellence in 2025 World’s Best Management Consulting Firms Ranking
ASHBURN, Va., May 16, 2025 /CNW/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named to the prestigious Forbes World’s Best Management Consulting Firms 2025 list for the third year in a row. Out of 955,000 consulting firms in the U.S., fewer than 0.02% made the ranking, which is based on a rigorous survey of 2,350 clients and peers across 33 categories.
“This recognition highlights DXC’s deep industry expertise and unwavering commitment to driving business transformation through consulting and engineering,” said Howard Boville, President, Consulting & Engineering Services – Powered by AI. “As enterprises accelerate their digital evolution in the era of AI, we continue to deliver intelligent, scalable and secure solutions that help our clients innovate, optimize and gain competitive advantages industries.”
The consulting sector remains one of the most dynamic and rapidly expanding areas within professional services. A recent analysis by the Business Research Company projects that the global management consulting market will exceed $1.07 trillion in 2025, growing from $1.02 trillion in 2024. By 2029, the market is expected to reach approximately $1.33 trillion. To help businesses navigate this vast industry and identify top consulting partners, Forbes and Statista have collaborated to create a definitive ranking of the world’s leading management consulting firms.
DXC earned recognitions in the following categories: Automotive, Digital Transformation, IT, Technology, Telecommunications, and IT Strategy & Implementation. With a global team of 50,000+ highly skilled engineers and consultants, DXC is driving innovation across industries like financial services; healthcare and life sciences; public sector; aerospace and defense; automotive and manufacturing, and more. From improving fraud detection in banking to enhancing safety in autonomous driving, we’re helping clients transform their operations and unlock the potential of AI. The complete list of honorees can be viewed on the Forbes website.
For more information on DXC Consulting and Engineering Services – Powered by AI, visit https://dxc.com/us/en/offerings/analytics-and-engineering
Forward Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
Angelena Abate, Media Relations, [email protected]; Roger Sachs, CFA, Investor Relations, +1-201 259-0801, [email protected]
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New data shows personalized, mobile-first learning is essential to retaining and engaging the newest generation of frontline workers
WATERLOO, ON, May 16, 2025 /PRNewswire/ — Generation Z (Gen Z) is reshaping the workforce—and setting new expectations for how training should support their success. According to Axonify’s latest report, Polling the frontline: Gen Z’s training and skills gaps, more than three-quarters (77%) of frontline Gen Z workers have faced situations where insufficient job-specific skills and training hindered their ability to complete tasks effectively. In these moments, nearly two-thirds (62%) reported feeling overwhelmed and anxious, over half (55%) experienced embarrassment and 14% even considered quitting their jobs. This new data from Axonify, a global leader in frontline training and performance, reveals the urgent need for employers to rethink how they train and support the newest generation of frontline talent.
The report surveyed 500 U.S. Gen Z frontline workers to understand what’s working—and where training is falling flat. For many, training begins and ends at onboarding. One in three received training only when they started their role, while 37% say they don’t have enough time to learn on the job. Others describe the training they did receive as disengaging or irrelevant, with 34% reporting that the content lacked interest or practical value. These gaps have real consequences: 67% of Gen Z workers say more consistent training would help reduce burnout, and 81% believe they would stay longer in their jobs if they had better ongoing support.
For Gen Z frontline workers, it’s not just about how much training they get—it’s about how relevant and applicable it is. Many say the content they receive isn’t personalized, doesn’t reflect their day-to-day challenges or fails to build confidence. In fact, 24% of respondents said they didn’t feel more confident after completing training, highlighting deeper issues with how knowledge is being delivered and reinforced.
“These findings underscore the critical need for employers to rethink their training strategies to better support Gen Z workers,” said Dave Carter, Chief Revenue Officer at Axonify. “By providing personalized, engaging and accessible training programs, organizations can not only bridge existing skills gaps but also enhance employee confidence, productivity and retention. It’s clear that adapting to the preferences of this new generation is essential for building a resilient and effective frontline workforce.”
Gen Z workers aren’t resistant to training—they’re asking for more of it, delivered with purpose, relevance and flexibility. Half of the respondents (50%) want personalized training tailored to their roles and career goals. Meanwhile, 35% prefer short video modules that are quick and easy to understand and another 35% want the option to learn on mobile devices. The shift toward more personalized, continuous learning is reshaping how frontline organizations approach training and development—and Gen Z is shining a spotlight on what they need to succeed. When training reflects these real-life situations, workers report greater confidence (90%), productivity (82%) and job satisfaction (81%)—all of which drive better outcomes for employers.
“This generation is digitally native and eager for work,” said Carter. “When training is personalized, practical and accessible, it enables Gen Z to grow with your organization instead of out of it.”
Learn more about the state of Gen Z frontline training in full – Polling the frontline: Gen Z’s training and skills gaps
Survey methodology: Axonify surveyed 500 retail, hospitality and food and beverage frontline workers within Generation Z (age 18- 28) in the U.S. using the online insights platform Pollfish. This survey was completed in April 2025.
About Axonify
Axonify is the #1 frontline-forward training and performance platform used by companies like Walmart, Kroger and Foot Locker. Over 4M users in 160+ countries use Axonify to onboard and train in five minutes a day. With personalized, AI-powered microlearning, custom training content, embedded communication, task management and more, Axonify is revolutionizing the way frontline workers learn, connect and get things done. Axonify is headquartered in Waterloo, Ontario, Canada. For more information, visit axonify.com.
Media Contact:
Niveen Saleh
PR and Communications Manager
[email protected]
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NEW YORK, May 16, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on May 16th
- U.S. equities trend higher, with the S&P 500 extending its win streak and closing just 3.7% below its record high, driven by easing trade tensions with China and softer-than-expected inflation data.
- The Producer Price Index unexpectedly fell in April, and retail sales saw only a slight increase, both contributing to positive market sentiment this week.
- As the NYSE celebrates its 233rd anniversary, it highlights major milestones including the launch of NYSE Texas and the trading innovations to allow efficient processing of historic message volume across its markets.
Opening Bell
The New York Stock Exchange welcomes ALS United to the podium to recognize ALS Awareness Month.
Closing Bell
The Asian American and Pacific Islander community celebrates AAPI Heritage Month at the NYSE’s 3rd Annual AAPI Bell Celebration.
Download the NYSE TV App and Subscribe Here
Video – https://mma.prnewswire.com/media/2689434/NYSE_Market_Update_May_16.mp4
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