Connected Oilfield Global Market Report 2026

A connected oilfield is a solution that utilizes information and communications technology (ICT), digital technologies, and communication networks within oilfield operations to enhance efficiency, productivity, safety, and decision-making processes. Its aim is to improve oil recovery from the seabed by employing advanced data analysis and software tools.

The primary types of solutions in connected oilfields include hardware, software, services, and data storage solutions. Hardware encompasses the physical components of computer systems or electronic devices involved in processes such as reservoir management, production optimization, drilling operations, and safety management. These solutions find applications in both onshore and offshore oilfield environments.

Tariffs have affected the connected oilfield market by increasing the cost of imported sensors, communication equipment, and advanced monitoring hardware. Higher duties have impacted offshore and remote onshore deployments, particularly in developing regions reliant on imported digital infrastructure. Integration and deployment costs have risen for operators. However, tariffs are driving local system integration, regional technology partnerships, and development of domestic digital oilfield ecosystems.

The connected oilfield market research report is one of a series of new reports from The Business Research Company that provides connected oilfield market statistics, including connected oilfield industry global market size, regional shares, competitors with a connected oilfield market share, detailed connected oilfield market segments, market trends and opportunities, and any further data you may need to thrive in the connected oilfield industry. This connected oilfield market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The connected oilfield market size has grown strongly in recent years. It will grow from $28.07 billion in 2025 to $29.54 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to need for production optimization, offshore field complexity, availability of digital communication networks, cost reduction initiatives, oilfield automation adoption.

The connected oilfield market size is expected to see strong growth in the next few years. It will grow to $36.06 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to smart oilfield investments, demand for real time decision making, aging oilfield infrastructure, increasing safety regulations, advancements in data analytics. Major trends in the forecast period include increased deployment of real time monitoring systems, growing use of predictive analytics, integration of cloud based oilfield platforms, expansion of remote and automated operations, rising focus on operational safety.

The increasing oil and gas exploration activities are expected to drive the growth of the connected oilfield market in the coming years. Oil and gas exploration activities involve the systematic process of identifying and assessing underground oil and natural gas reserves. These exploration efforts are essential for the connected oilfield market, as they generate the critical data needed to maximize oil recovery and improve operational efficiency. Enhanced exploration supports higher recovery rates from reservoirs through advanced data analytics, software, and digital technologies. For example, in December 2025, the U.S. Energy Information Administration (EIA) reported that U.S. oil and natural gas production both rose in 2024, with oil output averaging 13.4 million barrels per day and natural gas production averaging 128.8 billion cubic feet per day. Therefore, the surge in oil and gas exploration activities is fueling growth in the connected oilfield market.

Major companies operating in the connected oilfield market are concentrating on technological advancements such as agentic AI-powered digital workflow assistants to boost operational efficiency, enhance decision-making, and automate complex upstream activities. An agentic AI-powered digital workflow assistant leverages artificial intelligence, machine learning, and domain-specific data platforms to autonomously observe, plan, generate, act, and learn, functioning like an intelligent coordinator that enables dynamic workflow adaptation, conversational data interpretation, and independent execution of optimized actions. For example, in November 2025, SLB, a U.S.-based global energy technology company, introduced Tela, an agentic AI assistant developed for connected oilfield operations. This solution automates tasks including well log interpretation, drilling issue prediction, and equipment performance optimization, while supporting human decision-making and embedding AI directly into drilling, reservoir, and production workflows.

In April 2024, CNX Resources Corporation, a U.S.-based natural gas and energy technology company, partnered with Deep Well Services to launch AutoSep Technologies with the goal of developing and commercializing advanced automated flowback solutions for the oil and gas industry. Through this partnership, CNX Resources sought to integrate its proprietary technologies with Deep Well Services' operational expertise to accelerate innovation in flowback operations, while improving efficiency, safety, and environmental performance across both domestic and international markets. Deep Well Services is a U.S.-based oilfield service and technology company specializing in high-pressure, long-lateral, and multi-well completion and intervention operations, offering advanced completion services and training to upstream energy operators.

Major companies operating in the connected oilfield market are China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, Chevron Corporation, BP plc, GAZPROM PAO, Equinor ASA, Ente Nazionale Idrocarburi Societa per Azioni., ConocoPhillips, Repsol SA, Occidental Petroleum Corporation, PJSC Lukoil, Schlumberger Limited, Pioneer Natural Resources, Baker Hughes Company, Kinder Morgan Inc., Devon Energy, Woodside Petroleum, Enbridge Inc., Hess Corporation, TC Energy Corporation, Apache Corporation, Rosneft Oil Company, Marathon Oil Corporation

North America was the largest region in the connected oilfield market in 2025. The regions covered in the connected oilfield market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the connected oilfield market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The connected oilfields market consists of revenues earned by entities by providing services such as real-time monitoring, predictive maintenance, remote operations, data analytics, asset optimization, environmental monitoring, and safety management. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected oilfields market also includes sales of communication devices, remote monitoring systems, predictive maintenance tools, environmental monitoring equipment, safety management solutions, and integrated control systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Connected Oilfield Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses connected oilfield market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for connected oilfield ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The connected oilfield market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Solution: Hardware; Software And Service; Data Storage Solutions
• 2) By Processes: Reservoir; Production; Drilling Optimizations; Safety Management
• 3) By Application: On Shore; Off Shore
• Subsegments:
• 1) By Hardware: Sensors; Actuators; Communication Equipment; Remote Monitoring Devices
• 2) By Software And Service: Data Analytics Software; Asset Management Software; Visualization Software; Monitoring And Control Software; Other Software Solutions; Consulting Services; Integration Services; Maintenance And Support Services; Managed Services
• 3) By Data Storage Solutions: Cloud Storage; On-Premises Storage; Hybrid Storage Solutions
• Companies Mentioned: China Petroleum & Chemical Corporation; Exxon Mobil Corporation; Royal Dutch Shell plc; TotalEnergies SE; Chevron Corporation; BP plc; GAZPROM PAO; Equinor ASA; Ente Nazionale Idrocarburi Societa per Azioni.; ConocoPhillips; Repsol SA; Occidental Petroleum Corporation; PJSC Lukoil; Schlumberger Limited; Pioneer Natural Resources; Baker Hughes Company; Kinder Morgan Inc.; Devon Energy; Woodside Petroleum; Enbridge Inc.; Hess Corporation; TC Energy Corporation; Apache Corporation; Rosneft Oil Company; Marathon Oil Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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