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Connectivity and Convergence in Oilfields

  • April 2015
  • -
  • Frost & Sullivan
  • -
  • 44 pages

Building Blocks of a Billion Dollar Connected Oilfield Market by 2020

A highly profitable blue ocean market emerges in oilfields for a solution provider who offers a connected platform to host diverse applications and addresses the need to enhance connected efficiency across wide geographical assets. Offering high-end enterprise-wide managed oilfield services through a connected platform will enable the solution provider to obtain a larger share of the wallet. Increasing end-user focus on integrated asset management and optimization drives the need for connected oilfields to achieve overall efficiency across the assets.

Key Findings

1 A solution provider who offers an end-to-end connected platform to host diverse applications will enjoy a highly profitable blue ocean market in oilfields.
2 Offering high-end enterprise-wide managed oilfield services through a connected platform will enable the solution provider to obtain a larger share of the wallet.
3 As oil and gas companies focus on integrated asset management and optimization, there is an increased demand for connected oilfield technologies to achieve overall efficiency across the assets.
4Increased capital spending by oilfield operators in challenging unconventional oil and gas resource base opens up significant digital oilfield market opportunities for achieving connected efficiency.

Table Of Contents

Connectivity and Convergence in Oilfields
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Current and Future Outlook

2. RESEARCH SCOPE, AIM, OBJECTIVES, BACKGROUND, AND METHODOLOGY

Research Scope, Aim, Objectives, Background, and Methodology
Research Scope, Aim and Objectives
Key Questions This Study Will Answer
Research Background
Research Methodology
Key Market Participant Groups in This Study

3. DEFINITIONS AND SEGMENTATION

Definitions and Segmentation
Product Definitions
Oil and Gas Industry Segmentation

4. CONNECTIVITY AND CONVERGENCE IN OILFIELDS

Connectivity and Convergence in Oilfields
Connectivity and Convergence Underpins Every Other Megatrend
Paradigm Shift Towards Connected World
Tectonic Shift in Situational Awareness and Decision-making Process
Vision of the Future
Industrial Data Revolution—Mountains of Data, Molehills of Insights
Future Needs Self-Aware Platform to Autonomously Adapt its Behavior
Communication Roadblocks Hinder Seamless Connectivity
Single Platform Leveraging Converged Networks is the New Need
Industry Challenges Fire Innovation in Connectivity Fueled by Capex
Industry-specific Applications Key to Success
Future of Connected Oilfield Ecosystem
Market Dynamics in Automation Ecosystem
Integrated Asset Management and Optimization
Utilization of Cloud Services Optimizes Upstream Recovery Operations
Digital Transformation in Oil and Gas
Strategic Partnerships in Connectivity and Convergence Market Key to an Integrated Platform
Managed Oilfield Services

5. CONCLUSIONS AND FUTURE OUTLOOK

Conclusions and Future Outlook
The Last Word—3 Big Predictions
Legal Disclaimer

6. THE FROST and SULLIVAN STORY

The Frost and Sullivan Story
Value Proposition—Future of Your Company and Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

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