South Africa Digital Oilfield Market Size & Outlook
The digital oilfield market in South Africa is expected to reach a projected revenue of US$ 737.8 million by 2030. A compound annual growth rate of 6.6% is expected of South Africa digital oilfield market from 2025 to 2030.
Revenue, 2024 (US$M)
$503.9
Forecast, 2030 (US$M)
$737.8
CAGR, 2025 - 2030
6.6%
Report Coverage
South Africa
South Africa digital oilfield market, 2018-2030 (US$M)
Related Markets
South Africa digital oilfield market highlights
- The South Africa digital oilfield market generated a revenue of USD 503.9 million in 2024 and is expected to reach USD 737.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.6% 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.
Digital oilfield market data book summary
| Market revenue in 2024 | USD 503.9 million |
| Market revenue in 2030 | USD 737.8 million |
| Growth rate | 6.6% (CAGR from 2025 to 2030) |
| Largest segment | Product optimization |
| Fastest growing segment | Product Optimization |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, South Africa accounted for 1.7% of the global digital oilfield market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia digital oilfield market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 737.8 million by 2030.
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Digital Oilfield Market Scope
Digital oilfield market segmentation & scope
Digital Oilfield Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa digital oilfield market size, by solution, 2018-2030 (US$M)
South Africa Digital Oilfield Market Outlook Share, 2024 & 2030 (US$M)
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