The global digital oilfield market size is projected to reach USD 32.0 billion by 2026, at a CAGR of 5.6%, from an estimated USD 24.3 billion in 2021.

The global digital oilfield market size is projected to reach a size of USD 28.5 billion by 2025, at a CAGR of 7.1%, from an estimated USD 20.2 billion in 2020.

The global digital oilfield market is projected to reach a size of USD 30.4 billion by 2024, at a CAGR of 4.77%, from an estimated USD 24.1 billion in 2019.

Digital Oilfield Market by Solutions (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations), Application (Onshore and Offshore), and Region - Global Forecast to 2022

The market is set to witness growth due to increasing focus on optimization through digitization majorly in mature fields.