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Digital Oilfield Market Soars to USD 54.22 Billion by 2031 with Digitalization Adoption | SkyQuest Technology

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WESTFORD, Mass., July 24, 2024 /PRNewswire/ — According to SkyQuest, the global Digital Oilfield Market size was valued at USD 35.25 billion in 2022 and is poised to grow from USD 36.98 billion in 2023 to USD 54.22 billion by 2031, at a CAGR of 4.9% during the forecast period (2024-2031).

In the last few years, the demand for digitalization in the oilfields have increased extensively. This is primarily because of the rising portion of unusual oil and gas deposits and reducing production of the current wells. Digital oilfield technologies also provide remote monitoring and automated operations from a centralized location, resulting in the reduction of operational expense. Nowadays, there is a huge inclination for using advanced technologies like IoT sensors, analytics, and automation in the oilfield. These solutions can help in initiating real-time monitoring so that it becomes easy to make decisions based on data and accomplish better performance. Oil and gas companies are increasingly investing in digital services to increase the production. It has also helped in enhancing the recovery of hydrocarbon deposits, minimize downtime, and improve operations. Digitalization will also assist the oil firms to improve the operations in the reservoirs, maintain cost-efficient drilling, and rise the safety from drilling issues.

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Digital Oilfield Market Overview:

Report Coverage 

Details 

Market Revenue in 2023 

$ 36.98 Billion 

Estimated Value by 2031 

$ 54.22 Billion 

Growth Rate 

Poised to grow at a CAGR of 4.9% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Process, Solution, Technology, Application, and Region

Geographies Covered 

North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Report Highlights 

Integration of improved technologies to streamline productions

Key Market Opportunities 

Increased investment shale exploration and production for high demand of energy

Key Market Drivers 

Implementing digitalization to augment market growth and automate maintenance

Segments covered in Digital Oilfield Market are as follows:

ProcessProduction Optimization, Drilling Optimization, Reservoir Optimization, Safety management, and Asset managementSolutionHardware Solutions, Software & Service Solutions, and Data Storage SolutionsProcessProduction Optimization, Drilling Optimization, Reservoir Optimization, Safety management and OthersTechnologyInternet of things, Artificial Intelligence, Robotics and Automation, Big data and analytics, Cloud Computing, and OthersApplicationOnshore, and Offshore

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Digitalization Optimizing the Supply Chain with Process Management Boosts the Market Growth

Innovations such as real-time data, virtual worlds, and cloud computing with the help of digitalization are augmenting the transformation of the oil and gas sector. In recent times, digital oilfields were able to restructure the oil and gas systems and allow complete optimization in the supply chain by implementing process management combined with digital technologies. Moreover, digital oilfields also aid the sector to move towards greener practices. AI and predictive analytics can help companies to discover oil leaks before they even happen, reducing various damages. The oil and gas organizations can also automate maintenance and control equipment more efficiently.

Increasing Demand for Mature Oil and Gas Reserves to Extract and Profit from these Assets Drive the Digital Oilfield Market

The rising demand for mature oil and gas reserves is boosting the digital oilfield market as operators are trying to increase the extraction and profits of these ageing assets. The mature fields that have reducing production rates and increasing operational problems immensely benefit from the digital oilfield technologies with their improved monitoring and optimizing abilities. The operators can enhance the performance of the reservoir with the help of real-time data analytics, predictive maintenance, and automated control systems. These innovative technologies help in extending the productive life of the wells and lower downtime, resulting in better recovery rates with continuous use of the aged fields. The digital oilfield technologies also help in precise and efficient enhanced oil recovery process that are vital for gathering the remaining reserves in the mature field. The advanced data analytics and simulation models assist in designing and integration of EOR technologies. It includes features like water flooding, chemical flooding, gas injection, and improved oil recovery. All these can be performed with accuracy and efficiency, augmenting the demand for the digital oilfield market.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/digital-oilfield-market

Improvement in Production by Optimizing Operational Functions with Digital Technologies to Augment Growth

The improvement of production is increasing the demand for digitalization in the oilfield market. The operator’s efforts to improve the efficiency of production and result due to which they are depending on digital oilfield technologies to optimize the operational functions. Such technologies include advanced data and analytics, real-time monitoring systems, predictive maintenance, and automation. These solutions help in streamlining and improving the manufacturing workflows. Integrating such digital technologies also helps the providers in minimizing downtime, enhance resource allocation, and improve operational performance, boosting the growth of the market. The use of digital oilfield technologies also enhances decision making process and better manage the production operations.

Related Report:

Digital Twin Market

Industry 5.0 Market

Industry 4.0 Market

Oilfield Equipment Market

Oilfield Service Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Unanet GrowthStudio Named Winner of 2026 CUSTOMER Magazine CRM Excellence Award

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Award recognizes Unanet’s AI-first innovation empowering project-based businesses to win more work and grow more predictably

DULLES, Va., July 23, 2026 /PRNewswire/ — Unanet, the leader in AI-first ERP and growth software for project-based businesses, has been recognized by CUSTOMER Magazine with the prestigious CRM Excellence Award for its GrowthStudio platform. The honor is Unanet’s fourth recognition in the last year acknowledging the impact of the company’s AI-first innovation that powers thousands of businesses nationwide.

By investing in AI-first innovation Unanet is continuing to empower its customers with purpose-built AI to predict, profit from and manage projects, all with compliance and growth at the forefront. This strategy is exemplified by CUSTOMER Magazine’s recognition of GrowthStudio, Unanet’s growth automation platform architected to help small and mid-sized GovCons focus on the opportunities they are best positioned to win using the teams they already have.

“Our AI-first strategy isn’t about adding AI to existing workflows—it’s about fundamentally reimagining how GovCons identify opportunities, make smarter decisions, and grow their business,” said Craig Halliday, CEO of Unanet. “We’re honored that CUSTOMER Magazine recognized GrowthStudio because it reflects our commitment to delivering practical AI that helps businesses grow more predictably, compete more effectively, and maximize the potential of every pursuit.”

The value of an AI-first approach is reflected in the results customers are achieving. Unanet’s recently released 10th annual GAUGE Report, which identifies the characteristics of high-performing GovCons, found that firms using AI in their business operations are winning more than 50% of the opportunities they pursue.

The 2026 CRM Excellence Awards, recognized companies whose products and services go beyond traditional customer relationship management—encompassing the full enterprise and every phase of the customer journey. Each winner demonstrated through data, outcomes, and real-world performance how their innovations have tangibly transformed client organizations by streamlining processes, deepening engagement, and strengthening long-term customer loyalty.

“One of the most respected, and longest-running awards in the contact center tech space, the CRM Excellence Awards have celebrated the visionaries driving true progress in customer relationship strategies since 2000,” said Rich Tehrani, CEO of TMC. “This year’s recipients stand out not just for their technology, but for the proven results they deliver—helping businesses retain their most valuable asset: their customers.”

To learn more about Unanet’s AI-first ERP, CRM, and growth solutions visit www.unanet.com.

About Unanet
Unanet is the leader in AI-first ERP and growth software for project-based businesses. Trusted by more than 4,200 government contractors, architecture, engineering, and construction firms, Unanet unifies financials, projects, and pursuits with built-in automation and compliance—all supported by a dedicated customer success team. This empowers leaders to make confident, real-time decisions that drive growth from pipeline to profit. Learn more at unanet.com.

About CUSTOMER Magazine
TMC’s CUSTOMER magazine, originally launched in 1982 as Telemarketing magazine, remains the go-to resource for news, insights, and strategies that elevate customer engagement across all channels. Each issue explores the latest advancements in AI-powered CX, omnichannel communication, agent enablement, customer journey analytics, conversational AI, automation, mobile and cloud-based solutions, workforce optimization, and more. For additional information, please visit https://www.customerzone360.com.

View original content:https://www.prnewswire.com/news-releases/unanet-growthstudio-named-winner-of-2026-customer-magazine-crm-excellence-award-302832725.html

SOURCE Unanet

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Theodore Roosevelt Presidential Library Announces Leadership Transition Following Landmark Opening; Founding CEO Edward F. O’Keefe Named President & CEO of The WNET Group

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MEDORA, N.D., July 23, 2026 /PRNewswire/ — Following the historic July 4 grand opening of the Theodore Roosevelt Presidential Library, the institution’s Board of Trustees today announced that O’Keefe, its founding chief executive, has been named President & CEO of The WNET Group, the parent of New York’s flagship PBS station and one of the most respected independent public media organizations in the country. O’Keefe will remain CEO of the Library through September 18, 2026.

“The successful opening of the Theodore Roosevelt Presidential Library marks the beginning of an exciting new chapter and the timing is right for this transition,” said Hilary Hamm, Chair of the Board of Trustees. “The Board is deeply grateful to Ed for seven years of leadership in bringing this vision to life and equally confident in the exceptional team leading the institution every day. We have launched a national search for the Library’s next leader and are committed to ensuring the organization continues to grow, inspire, and thrive for generations to come.”

The leadership transition comes at a moment of extraordinary momentum for the institution. Since its July 4 debut, the Theodore Roosevelt Presidential Library has welcomed more than 40,000 participants and counting, enrolled almost 3,500 members, and attracted more than 1 million website visitors, reflecting tremendous national interest in Theodore Roosevelt’s enduring legacy and the Library’s immersive participant experience.

“This Library was never intended simply to tell the story of Theodore Roosevelt. It is about our shared responsibility to carry forward the principles he championed: leadership, citizenship, and conservation,” said Theodore Roosevelt V, the President’s great-great-grandson and a member of the Board of Trustees. “Ed O’Keefe understood that from the very first day. He built a place that does more than honor Theodore Roosevelt; it asks every person who walks through its doors what kind of citizen they intend to be. The Roosevelt family is proud of what he has built and confident that the institution he leaves behind will continue to embody his boldness, ambition, and sense of possibility. We are thrilled to see him bring that same visionary energy back to public media.”

When Edward F. O’Keefe took the helm of the Theodore Roosevelt Presidential Library, there was no land, no architect, and no museum to design — only the conviction, shared by the Roosevelt family, former Governor Doug Burgum and the North Dakota Legislature, that Theodore Roosevelt’s story deserved a home in the Badlands that shaped him.

“Building this Library alongside the people of North Dakota and our partners across the state has been the honor of my career,” said O’Keefe. “What we set out to do is now real, thriving, and welcoming thousands of participants, and I leave day-to-day leadership with complete confidence. Public media has a vital role to play in American life, and I’m eager to take up that work.”

The Theodore Roosevelt Presidential Library’s Board of Trustees has launched an Executive Search Committee and is actively working to identify the Library’s next leader. During this process, the Library’s leadership team will continue to ensure continuity in operations, programming, and the world-class experience that has defined the institution.

About the Theodore Roosevelt Presidential Library
The Theodore Roosevelt Presidential Library opened in Medora, North Dakota, on July 4, 2026. Designed by Snøhetta and organized around the pillars of Leadership, Citizenship, and Conservation, the Library is an independently operated institution supported through a public-private partnership, including a State of North Dakota operating endowment. It is governed by the Theodore Roosevelt Presidential Library Foundation, a 501(c)(3) nonprofit. Learn more at trlibrary.com.

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SOURCE Theodore Roosevelt Presidential Library

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Percent’s Private Credit Infrastructure Enables Trillium Technologies to Launch Compute Credit Investment Marketplace

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Percent’s institutional-grade infrastructure powers deal structuring, investor onboarding, compliance framework and marketplace mechanics to bring private credit products to market

NEW YORK, July 23, 2026 /PRNewswire/ — Percent, the platform powering modern private credit markets through access, liquidity and data, today announced that Trillium Technologies, a diversified investment company, has built its own branded investment marketplace on Percent’s institutional-grade infrastructure. The marketplace introduces Trillium Technologies’ compute credit, convertible note offering, demonstrating Percent’s ability to help companies turn emerging asset classes into investable private credit offerings without building the capital markets stack from scratch.

Compute credits, a unit of prepaid or allocated computing capacity, are one of the most novel structured credit products in the market today. These credits are often used in cloud platforms, AI services, or infrastructure providers that convert monetary value into a fixed pool of usable resources with a specific redemption rate and an expiration window. Yet, they are an emerging, trillion dollar asset class based on the capacity of data centers. The launch comes as demand for AI infrastructure financing is outpacing what traditional capital markets were built to support. Cloud computing companies require new ways to finance capacity and private credit is increasingly becoming a bridge between technological innovation and financial markets. Percent gives companies like Trillium Technologies the capital markets foundation to structure, distribute, and manage these products seamlessly.

“Compute credits represent exactly the kind of emerging asset class that private credit infrastructure should be able to support,” said Prath Reddy, CFA, Co-Founder and CEO of Percent. “Trillium saw an opportunity to bring a novel, real-world asset to investors and needed the capital markets foundation to do it with speed, compliance and operational rigor. That is what Percent was designed to do. Our platform has structured and distributed over $2 billion in private credit, and that infrastructure works whether the underlying asset is a consumer loan portfolio or compute capacity backing AI workloads. We’re building the rails for private credit’s next chapter.”

Percent’s infrastructure supports private credit products across asset classes, giving companies the core systems needed to administer and scale investment products. For a first-of-its-kind asset like compute credits, that foundation helps reduce the time, cost and complexity of building a marketplace while allowing Trillium Technologies to stay focused on its market, investors and long-term growth.

“Compute credits have become one of the defining resources of the digital economy. Trillium is focused on turning that resource into a transparent, liquid, investable asset,” said J. Christopher Mizer, Co-Founder and Chief Executive Officer of Trillium Technologies. “With Percent providing the capital markets foundation behind our marketplace, we can move faster, operate with greater confidence, and leverage our team to build the compute credit economy for investors and innovators.”

As demand for compute power accelerates, driven by AI, data analytics, scientific computing, and large-scale cloud workloads, Trillium bridges technology infrastructure and capital markets by enabling compute to behave like traditional commodities or financial securities.

Trillium Technologies closed its first round on July 10, with subsequent capital raises expected to follow. As the company continues to grow its marketplace, the relationship also expands the Percent ecosystem into a category expected to generate significant deal flow as compute capacity becomes a more important financial asset.

About Percent

Percent is unlocking private credit by enabling efficient access, liquidity optionality, and data for all market participants. Through its digital primary issuance and secondary markets platform, Percent provides all deal counterparties with a unified environment to source, structure, distribute, service and trade private credit assets. Founded in 2018, Percent has facilitated billions in private credit transaction volume across primary issuance and secondary markets — bringing transparency and standardization to a historically fragmented asset class. For additional information, please visit www.percent.com.

About Trillium Technologies, Inc.

Founded in 2025, Trillium Technologies bridges the gap between technology innovation and institutional capital. The company develops and monetizes the emerging asset class of Compute Credits through strategic investment, securitization, and marketplace development for the Archeo Futurus cloud computing platform. Trillium’s mission is to power the future of intelligence by making compute a liquid, tradable, and investable asset.

Disclaimer: Unsecured Notes may involve high risk and are speculative investments. The Unsecured Notes are not secured. In the event of a default, investors may not receive any payments. There is no public market for Unsecured Notes, and none is expected to develop. There is no guarantee that an investment will be profitable or that an investor in Unsecured Notes will receive any payments of principal or interest.

Risks associated with compute credits include expiration, utilization, lock-in, pricing change, non-transferability, opportunity cost, valuation ambiguity, and counterparty risks.

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SOURCE Percent

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