Advanced Drill Data Management Solutions Market Share

North American Market Forecast

North America industry is poised to account for largest revenue share of 35% by 2037. The market is anticipated to benefit greatly from the rise in shale gas and oil production. Shale gas and oil wells tend to run out far more quickly than conventional wells. Therefore, in order to keep output levels at current levels, new wells must be drilled. This requires the help of drill data management systems, which expands the market in the region. The Marcellus shale field is the country's greatest producer of shale gas, with projected production of 23.13 billion cubic feet in April 2020, according to the U.S. Energy Information Administration. More unconventional resources are anticipated to fuel the drill data management industry.

Middle East & Africa Market Statistics

The advanced drill data management solutions market in middle east & Africa region is projected to hold the second largest market share of about 27% during the projected period.  Middle East and Africa are expected to become a major player in the global market for advanced drill data management solutions because of the rise in E&P operations, particularly in African nations like Mozambique and Nigeria.