Asia Pacific Digital Oilfield Market Size & Outlook
Asia Pacific digital oilfield market, 2018-2030 (US$M)
Related Markets
Asia Pacific digital oilfield market highlights
- The Asia Pacific digital oilfield market generated a revenue of USD 6,406.9 million in 2024.
- The market is expected to grow at a CAGR of 7.1% from 2025 to 2030.
- In terms of segment, product optimization was the largest revenue generating process in 2024.
- Product Optimization is the most lucrative process segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 6,406.9 million |
| Market revenue in 2030 | USD 9,642.9 million |
| Growth rate | 7.1% (CAGR from 2025 to 2030) |
| Largest segment | Product optimization |
| Fastest growing segment | Product Optimization |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product Optimization, Drilling Optimization, Reservoir Optimization, Safety Management, Asset Management |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.1% of the global digital oilfield market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,642.9 million by 2030.
Product optimization was the largest segment with a revenue share of 35.65% in 2024. Horizon Databook has segmented the Asia Pacific digital oilfield market based on product optimization, drilling optimization, reservoir optimization, safety management, asset management covering the revenue growth of each sub-segment from 2018 to 2030.
A key driving factor for the Asia Pacific digital oilfield market is the increasing demand for advanced infrastructure in the oil and gas sector. As companies in the region strive to enhance production capacity, optimize operations, and address the global energy demand, adopting digital solutions is becoming crucial.
These technologies, such as real-time data analytics, automation, and IoT, enable operators to improve efficiency, reduce costs, and ensure sustainability. The need for these innovations to streamline operations and boost exploration, production, and distribution performance is driving significant growth in the digital oilfield market across Asia Pacific.
In August 2024, COOEC completed the construction of an oil and gas platform for Saudi Aramco, which was expected to be installed in the Marjan field offshore Saudi Arabia. The platform is designed to enhance the region's oil production capacity. The project highlighted the growing demand for large-scale infrastructure in the oil and gas sector to support energy production and meet global demand.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Digital Oilfield Market Scope
Digital Oilfield Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific digital oilfield market size, by country, 2018-2030 (US$M)
Asia Pacific Digital Oilfield Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
