Oil and Gas Engineering Software Market

Oil and gas companies need engineering software to develop and deplete mineral deposits. Oil and gas engineering software is used after exploration has been performed and before production begins in order to best plan how to recover hydrocarbons at optimal cost and highest level of safety. This type of software is used by drilling, production, or reservoir engineers to estimate and simulate extraction processes. By using it, engineers help oil and gas decision makers to prioritize and implement production strategies.
Oil and Gas Engineering Software Market contains market size and forecasts of Oil and Gas Engineering Software in Global, including the following market information:
Global Oil and Gas Engineering Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Oil and Gas Engineering Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Oil and Gas Engineering Software include Surfer, Aspen Technology, Bentley Systems, SAP, AVEVA, Quorum, LMKR, Oracle and Golden Software, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Oil and Gas Engineering Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oil and Gas Engineering Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Oil and Gas Engineering Software Market Segment Percentages, by Type, 2021 (%)
Cloud Based
Web Based
Global Oil and Gas Engineering Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Oil and Gas Engineering Software Market Segment Percentages, by Application, 2021 (%)
Large Enterprises
SMEs
Global Oil and Gas Engineering Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Oil and Gas Engineering Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oil and Gas Engineering Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Oil and Gas Engineering Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Surfer
Aspen Technology
Bentley Systems
SAP
AVEVA
Quorum
LMKR
Oracle
Golden Software
Pegasus Vertex
Skynet Labs
ProjecTools.com
Gensym
Elsevier
Schlumberger
Thermoflow
Optimization Petroleum Technologies
Technical Toolboxes