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Demand from the oil and petrol industry is expected to drive innovation in oilfield integrity management manufacturing, driving the market during the forecast period.

The global oilfield integrity management market is expected to grow from $14.79 billion in 2022 to $16.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.56%. The oilfield integrity management market is expected to reach $20.90 billion in 2027 at a CAGR of 6.82%.

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Global Oilfield Integrity Management Market Segments Include:

• By Type: Planning, Predictive Maintenance And Inspection, Data Management, Corrosion Management, Monitoring System, Other Types
• By Component: Hardware, Software, Services
• By Application: Onshore, Offshore
• 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 oilfield integrity management market in 2021.

Major Market Players in the oilfield integrity management market include Schlumberger Limited, Halliburton Company, Baker Hughes Company, Siemens AG, Emerson Electric Co., International Business Machines Corporation.

In the oilfield integrity management market, digitalization is a key trend that is gaining traction. The automation of workflow through the integration of digital technologies and business process management is referred to as digitalization. It is used in the oilfield sector to increase productivity, reduce costs, and significantly reduce risks associated with oil and gas operations. To maintain their market position, major oilfield integrity management companies focused on digitalization in the oilfield. For example, mCloud Technologies Corp, a Canadian company specialising in AI-powered asset management and environmental solutions, launched AssetCare Mobile in May 2022. AssetCare Mobile is a connected worker solution for oilfield companies that helps to increase productivity while also ensuring worker safety. Connected workers in the field can use AssetCare Mobile to remotely interact and coordinate with experts and other coworkers, quickly access critical asset information in real time, quickly share images and videos of damaged equipment, and digitise procedures and processes.

The Oilfield Integrity Management Global Market Report 2023  provides a oilfield integrity management market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The oilfield integrity management market forecast analyzes oilfield integrity management market size, oilfield integrity management 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.

Oilfield integrity management is the process of keeping an asset, such as a plant, oil rig, or refinery, capable of performing its intended function effectively and efficiently. Oilfield integrity management is used to investigate failures, ensure inspection intervals are not exceeded, and conduct life extension research.

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