Global Geomechanics Software and Services Market 2020-2028: Focus on Nuclear Waste Disposable, Civil Construction, Mining, Oil & Gas Solutiona
DUBLIN, Oct. 19, 2020 /PRNewswire/ -- The "Geomechanics Software And Services Market By Component, By Solution, By Application - Growth, Future Prospects And Competitive Analysis, 2020 - 2028" report has been added to ResearchAndMarkets.com's offering.
Globally, the geomechanics software & services market is expected to grow with a CAGR of 15.7% during the forecast period from 2020 to 2028.
The market is driven by the growing demand among the oil & gas industry to enhance the performance of the drilling, reduce non productive time, and optimize wellbore contact. Due to the uncertain prices of the oil & gas commodities and increasing competition, the oil & gas companies are looking for more advance ways to reduce the cost of operation and gain operational efficiency. This is augmenting the demand of geomechanics software and services among the organizations to provide advance tools and service for optimizing the operational performance.
The geomechanics software and services enables organization to analyze the subsurface pressure, optimize refinement of fluids, and casing of fracture design. Furthermore, the solutions allow the geoscientists and engineers to enhance the operational safety, increase drilling efficiency and complete the design. These are the major factors that are augmenting the demand for geomechanics software and solutions among the organizations. However, the lack of skilled professionals in the oil & gas industry is acting as a major inhibitor for the growth of the market.
Services is Estimated to Grow Significantly During the Forecast Period
The geomechanics software & services market is categorized based on the component into software and services. The software segment accounted for more than 65% share in the revenue in 2019. The growth of the market is attributed to the wide-scale adoption of the standalone software solution among the oil & gas industry. Furthermore, the growing demand among the oil & gas industry for real-time analytics is also accelerating the adoption of the software solutions. On the other hand, services are estimated to grow significantly during the forecast period. The growing demand of third party service provider is driving the services market.
North America is Leading the Geomechanics Software & Services Market
North America led the global geomechanics software & services market in 2019 with a market share of more than 35%. The growth of the market is driven by the growing shale gas exploration activities in the region. Furthermore, the growing adoption of the advance technologies among the oil & gas industry is further accelerating the market growth. Additionally, the presence of the major market player in the region is also fostering the market growth.
The major vendors in the geomechanics software & services market are CGG, Baker Hughes, Geosteering Technologies, Ikon Science Ltd., HXR Drilling Services, Itasca Consulting Group, Schlumberger Limited, Landmark Solutions (Halliburton), and Rockfield Global Technologies.
Key questions answered in this report
- What was the market size of geomechanics software & services in 2019 and forecast up to 2028?
- Which is the largest regional market for geomechanics software & services?
- What are the major trends followed in geomechanics software & services market across different regions?
- Who are the key companies in the geomechanics software & services market?
- What are the key strategies adopted by the leading geomechanics software & services companies in market?
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2019
3.4 Market Positioning of Key GSS Vendors, 2019
Chapter 4 Global Geomechanics Software & Service (GSS) Market, By Component
4.1 Overview
4.1.1 Global Geomechanics Software and Services Market Value Share, by Component, 2019 & 2028 (Value, %)
4.2 Software
4.2.1 Global Geomechanics Software and Services Market Value from Software, 2018 - 2028 (US$ Mn)
4.2.2 Standalone
4.2.3 Integrated
4.3 Service
4.3.1 Global Geomechanics Software and Services Market Value from Service, 2018 - 2028 (US$ Mn)
4.3.2 Integration & Implementation
4.3.3 Consulting
4.3.4 Support & Maintenance
Chapter 5 Global Geomechanics Software & Service (GSS) Market, by Solution
5.1 Overview
5.1.1 Global Geomechanics Software and Services Market Value Share, by Solution, 2019 & 2028 (Value, %)
5.2 Oil & Gas Solution
5.2.1 Global Geomechanics Software and Services Market Value from Oil & Gas Solution, 2018 - 2028(US$ Mn)
5.2.2 Reservoir Characterization
5.2.3 Reservoir Simulation
5.2.4 Drilling
5.2.5 Production
5.3 Mining
5.3.1 Global Geomechanics Software and Services Market Value from Mining, 2018 - 2028(US$ Mn)
5.3.2 Subsidence Prediction
5.3.3 Mine DeWatering Pore Pressure Analysis
5.3.4 Excavation Design and Analysis
5.3.5 Slope Stability
5.3.6 Others
5.4 Civil Construction
5.4.1 Global Geomechanics Software and Services Market Value from Civil Construction, 2018 - 2028(US$ Mn)
5.4.2 Rock Mechanics
5.4.3 Tunnel Design and Support Analysis
5.4.4 Soil & Rock Structure Interaction
5.4.5 Slope Stability
5.4.6 Others
5.5 Nuclear Waste Disposable
5.5.1 Global Geomechanics Software and Services Market Value from Nuclear Waste Disposable, 2018 - 2028(US$ Mn)
5.5.2 Rock Characterization
5.5.3 Acoustic Emission Monitoring
5.5.4 Geomechanical Modeling
5.5.5 Ultrasonic Surveys
5.5.6 Others
Chapter 6 Global Geomechanics Software & Service (GSS) Market, by Application
6.1 Overview
6.1.1 Global Geomechanics Software and Services Market Value Share, by Application, 2019 & 2028 (Value, %)
6.2 Oil & Gas
6.3 Mining
6.4 Civil Construction
6.5 Nuclear Waste Disposable
Chapter 7 North America Geomechanics Software & Service (GSS) Market Analysis, 2018 - 2028 (US$ Mn)
Chapter 8 Europe Geomechanics Software & Service (GSS) Market Analysis, 2018 - 2028 (US$ Mn)
Chapter 9 Asia Pacific Geomechanics Software & Service (GSS) Market Analysis, 2018 - 2028 (US$ Mn)
Chapter 10 Rest of the World (RoW) Geomechanics Software & Service (GSS) Market Analysis, 2018 - 2028 (US$ Mn)
Chapter 11 Company Profiles
- CGG
- Baker Hughes
- Geosteering Technologies
- Ikon Science Ltd.
- HXR Drilling Services
- Itasca Consulting Group
- Schlumberger Limited
- Landmark Solutions (Halliburton)
- Rockfield Global Technologies.
For more information about this report visit https://www.researchandmarkets.com/r/pe92c1
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article