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Increased applications in oil and gas exploration activities in emerging countries due to the increasing demand from the oil and gas industry are expected to drive innovation in geophysical data sales manufacturing, thus driving the market during the forecast period.

The global geophysical data sales market is expected to grow from $2.81 billion in 2022 to $2.91 billion in 2023 at a compound annual growth rate (CAGR) of 3.4%. The global geophysical data sales market size is expected to grow to $3.22 billion in 2027 at a CAGR of 2.6%.

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Global Geophysical Data Sales Market Segments Include:

• By Technology: Seismic, Magnetic, Gravity, Electromagnetics, LIDAR, Ground Penetrating, Other Technologies
• By Type: Aerial-based Survey, Land-based Survey
• By Services: Data Processing, Data Interpretation, Data Acquisition
• By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, and Water Exploration
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global geophysical data sales market in 2021.

Major Market Players in the geophysical data sales market include Dawson Geophysical Company, EON Geosciences, Geotech Surveys, TGS Geophysical Company, Geophysical Survey Systems, Inc., CGG SA.

The launch of seismic technology has created immense demand in the geophysical data sales market. Seismic technology is used by oil and gas researchers to map and interpret potential hydrocarbon reserves. But by adding the time dimension, 4D seismic technology shows how a reservoir will change over time. In April 2021, QuakeLogic and SignaGuard, launched seismic sensor-enabled with Edge AI, a structural health monitoring technology for earthquake-prone region. With its advanced IoT features, it is capable of automatically shutting down electrical lines based on seismic levels, triggering automated SMS/email alerts of damage, and uses an open-source technical platform to integrate algorithms from third parties.

The Geophysical Data Sales Global Market Report 2023 provides a geophysical data sales market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The geophysical data sales market forecast analyzes geophysical data sales market size, geophysical data sales market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Geophysical data sales are used to obtain quick access to seismic data, cutting-edge data center services, and robust networks, and to collect or evaluate core samples or cuttings. Geophysical data can help locate hydrocarbons, minerals, aggregate, and other natural resources.

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