South Korea Digital Oilfield Market Size & Outlook
The digital oilfield market in South Korea is expected to reach a projected revenue of US$ 675.0 million by 2030. A compound annual growth rate of 5% is expected of South Korea digital oilfield market from 2025 to 2030.
Revenue, 2024 (US$M)
$502.9
Forecast, 2030 (US$M)
$675.0
CAGR, 2025 - 2030
5%
Report Coverage
South Korea
South Korea digital oilfield market, 2018-2030 (US$M)
Related Markets
South Korea digital oilfield market highlights
- The South Korea digital oilfield market generated a revenue of USD 502.9 million in 2024 and is expected to reach USD 675.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5% 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 502.9 million |
| Market revenue in 2030 | USD 675.0 million |
| Growth rate | 5% (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 Korea 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 Asia Pacific, China digital oilfield market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,410.7 million by 2030.
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 segmentation & scope
Digital Oilfield Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea digital oilfield market size, by process, 2018-2030 (US$M)
South Korea Digital Oilfield Market Outlook Share, 2024 & 2030 (US$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
