Add to Favourites
To login click here
The Europe Digital Oilfield Market was valued at USD 6.7 billion in 2022 and is predicted to witness more than 6.4% CAGR from 2023 to 2032. The region’s continuous emphasis on optimizing operational efficiency and reducing production costs has led to the widespread adoption of digital technologies in the oil and gas sector. The COVID-19 pandemic disrupted the European digital oilfield market, but it also accelerated digital adoption, with companies investing in technology to enhance operational efficiency and reduce costs. There is a growing focus on data analytics and artificial intelligence, which are being used to optimize production, predict equipment failures, and enhance safety.
