E&P software provides an integrated solution from exploration to production. This software allows the user to interpret seismic data, perform well interaction, builds reservoir models suitable for simulation. It also submits and visualizes simulation output, evaluate volumes, generate maps and design improvement strategies to expand reservoir exploitation. Exploration and production mainly deal with the oil and gas industry. It comprises different exploration stages such as testing, locating, and drilling for oil and gas. E&P software implementation make efficient transfer of data enabling easy productive function.
The E&P software market is mainly driven by the wide range of growth in energy expenditure in the emerging markets such as India and China. In addition, due to implementation of E&P software, repeatable workflows can be easily functionalized. Advancements in technology in E&P and increased use of E&P software in a large extent are expected boost the demand of the E&P software market. However, high investment cost and lack of technical skill are expected to hamper growth of E&P software industry.
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The global E&P software market is segmented on the basis of components, software type, deployment type and region. Based on components, market is segmented as software and services. Risk management mapping, seismic amplitude analysis, portfolio aggregation, performance tracking, navigation systems, resource valuation, and others are the software type segment of E&P software market. On the basis of deployment type E&P software segmented into on-premise software, cloud-based software and managed software.
The report provides a comprehensive view on the E&P software market we have included a detailed company market share analysis, product portfolio of the major industry participants. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the E&P software market has also been included. The study encompasses a market attractiveness analysis, wherein component, software type and deployment type segments are benchmarked based on their market size, growth rate and general attractiveness.
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil.
Some of the key players for global E&P software market include Schlumberger Limited, Paradigm B.V, ETL Solutions Ltd, ION Geophysical Corporation, Interactive Network Technologies, Inc., Hue AS and Aconex Ltd.
This report segments the global exploration and production (E&P) software market as follows:
Global Exploration and Production (E&P) Software Market: Component Segment Analysis
Global Exploration and Production (E&P) Software Market: Software Type Segment Analysis
- Risk management mapping
- Seismic amplitude analysis
- Portfolio aggregation
- Performance tracking
- Navigation systems
- Resource valuation
Global Exploration and Production (E&P) Software Market: Deployment Type Segment Analysis
- On-premise software
- Cloud-based software
- Managed software