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AI Redefining Drilling Data Management Systems, Market to Grow by USD 12.6 Billion (2023-2027) with Enhanced Productivity and Transparency – Technavio Report

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NEW YORK, Sept. 17, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global drilling data management systems market  size is estimated to grow by USD 12.6 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  9.19%  during the forecast period.  Drilling data management system to improve productivity and transparency is driving market growth, with a trend towards advent of big data analytics. However, fluctuations in crude oil prices  poses a challenge. Key market players include Baker Hughes Co., Halliburton Co., Honeywell International Inc., International Business Machines Corp., NOV Inc., Oracle Corp., Pason Systems Inc., Schlumberger Ltd., Dell Technologies Inc., SAP SE, SAS Institute Inc., Accenture Plc, Capgemini Service SAS, Wipro Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Trackem, and Teradata Corp..

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Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

Component (Services, Software, and Hardware ), Application (Oil, gas, Energy, and power ), and Geography (North America, Middle East and Africa, Europe, APAC, and South America)

Region Covered

North America, Middle East and Africa, Europe, APAC, and South America

Key companies profiled

Baker Hughes Co., Halliburton Co., Honeywell International Inc., International Business Machines Corp., NOV Inc., Oracle Corp., Pason Systems Inc., Schlumberger Ltd., Dell Technologies Inc., SAP SE, SAS Institute Inc., Accenture Plc, Capgemini Service SAS, Wipro Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Trackem, and Teradata Corp.

Key Market Trends Fueling Growth

The oil and gas industry faces challenges such as the depletion of oil wells, the need for accurate information on new drilling locations, and the requirement to comply with regulations regarding pollution and waste reduction. To address these issues, the industry employs various technologies for efficient drilling operations. Consequently, vast amounts of data are generated, which, when effectively utilized, can revolutionize the sector. Big data analytics, initially popularized by tech giants like Yahoo, Google, and Facebook, is now being adopted in the oil and gas, chemical and petrochemical, and power industries for process analysis. The fusion of SCADA and big data analytics is a burgeoning trend, enabling prompt decision-making, minimizing errors, and identifying problem origins. Big data analytics enables oil and gas companies to analyze historical data and trends to make future predictions. Companies gather data from various processes, including drill tip pressure and oil and energy consumption, to predict optimal drilling locations and minimize expenses. Big data analytics provides actionable insights, enhancing process reliability and improving company efficiency and production. Vendors, such as Emerson Electric Co., are integrating big data analytics into their drilling data management systems and solutions, like the partnership with Microsoft’s Azure platform in September 2019. Though still in its growth phase, the implementation of big data analytics in the oil and gas industry holds the potential to significantly increase productivity, driving the expansion of the global Drilling Data Management Systems market. 

In today’s volatile oil and gas industry, effective drilling data management is crucial for optimizing drilling operations and ensuring safety. With states of emergency and lockdowns disrupting traditional data exchange methods, real-time data management systems have gained popularity. Engineering and geoscience systems are essential for drilling engineering parameters, asset team members, and wellbore location tracking. Oil rigs rely on wireless data transfer and software systems for drilling data management. EMC, SAP, Mineral Resource, and Revel Ridge are leading providers. Real-time data exchange formats enable efficient data sharing between rig sites and distribution industry partners. Advanced drilling technologies like horizontal, multilateral wells, and shale oil/gas require data management systems. Cybersecurity concerns are paramount, with conventional reservoir investigation, energy consumption, and asset optimization all depending on secure data exchange. Well control, gas hydrates, and economically viable production are critical drilling management parameters. Drilling data management systems facilitate data exchange between drilling management teams, enabling effective investigation and optimization of drilling operations. In summary, advanced drilling data management systems are vital for the oil and gas industry’s success, providing real-time data exchange, asset optimization, and cybersecurity. 

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Market Challenges

The oil and gas industry’s recovery from the 2016 oil price slump continues to influence the Drilling Data Management Systems (DDMS) market. Crude oil production in the US reached an all-time high of 10.07 million barrels per day (b/d) in November 2017. However, various factors, including global supply and demand imbalances, geopolitical tensions, and technological advancements, impact crude oil prices, which in turn affect the DDMS market. A surplus of oil supply or decreased demand can lead to lower crude oil prices, potentially reducing investments in the energy sector and decreasing demand for DDMS. Conversely, higher crude oil prices can increase investments in oil exploration and production, expanding the market for DDMS technologies. Additionally, rising crude oil prices can also boost demand for alternative energy sources, offering opportunities for the DDMS market in the renewable energy sector. Overall, the DDMS market’s growth is closely tied to crude oil price fluctuations during the forecast period.In the Oil and Gas industry, managing drilling data effectively is crucial for asset optimization, well control, and production efficiency. With the rise of advanced drilling techniques like horizontal and multilateral wells, handling data from unconventional resources such as shale oil and shale gas becomes increasingly complex. Cybersecurity concerns are also a major challenge, as drilling data is valuable and sensitive. Drilling management systems must handle data from various sources, including conventional reservoirs and exploration wells. Database administration is essential for real-time analysis and predictive analytics to improve operational efficiency. The requirement for data management extends to coal, crude oil, and gas hydrates. Investments in drilling management systems should focus on economically viable solutions that can handle data from oil rigs in remote areas and account for formation characteristics. Hardware and software solutions must ensure data handling and provide advanced features like rig count monitoring and production rate analysis. The energy demand and tourism industry rely on the Oil and Gas sector’s production, making data management systems a critical component of the financial industry’s internet market. BP Statistical Review of World Energy provides insights into the importance of data management in the industry.

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Segment Overview 

This drilling data management systems market report extensively covers market segmentation by

Component 1.1 Services1.2 Software1.3 HardwareApplication 2.1 Oil2.2 gas2.3 Energy2.4 powerGeography 3.1 North America3.2 Middle East and Africa3.3 Europe3.4 APAC3.5 South America

1.1 Services-  Drilling data management systems (DDMS) are essential tools for oil and gas companies to optimize drilling operations. These systems collect, store, and analyze data in real-time, enabling better decision-making and improved drilling performance. DDMS help reduce costs by minimizing non-productive time, enhancing drilling efficiency, and ensuring regulatory compliance. Companies investing in DDMS can gain a competitive edge by gaining valuable insights into drilling operations and predicting potential issues before they become major problems.

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Research Analysis

Drilling Data Management Systems (DDMS) are essential for optimizing drilling operations in the oil and gas industry. These systems enable real-time data collection, analysis, and management of drilling parameters such as well control, asset optimization, and production rate. DDMS plays a crucial role in horizontal, multilateral well drilling and shale oil and gas exploration and production. Conventional reservoirs and unconventional resources like gas hydrates also benefit from DDMS. Advanced drill engineering systems, geoscience systems, and engineering team members rely on these systems for database administration, wellbore location tracking, and rig site management. Cybersecurity concerns are a growing issue in DDMS, as the systems handle sensitive data. States of emergency, lockdowns, and distribution industry disruptions necessitate data management solutions. Wireless data transmission is increasingly common, enhancing the need for reliable and secure DDMS. DDMS supports various drilling activities, including drilling engineering, asset optimization, well control, and production management. It facilitates collaboration among team members and ensures economically viable drilling operations. DDMS parameters include drilling engineering data, production data, and well control data.

Market Research Overview

The Drilling Data Management Systems market encompasses advanced software and hardware solutions designed to optimize drilling operations in the oil and gas industry. These systems facilitate data handling, real-time analysis, and predictive analytics for asset optimization, well control, and production rate monitoring. They cater to both conventional and unconventional resources, including conventional reservoirs, shale oil, and shale gas. Drilling data management systems are essential for managing drilling parameters, wellbore location, and rig site operations. They enable remote data exchange, wireless data transfer, and data storage in various formats, ensuring compatibility with engineering and geoscience systems. Cybersecurity concerns are a significant consideration in the drilling data management market, as the industry deals with sensitive information. The market also caters to various sectors, such as energy demand, financial industry, tourist industry, distribution industry, and states of emergency, offering solutions for data management during lockdowns and distribution of resources. The market includes various software systems, such as EMC, SAP, Mineral Resource, Revel Ridge, and others, which cater to the requirement of asset team members for investigation, optimization, and energy consumption analysis. The market is driven by the increasing rig count, exploration and production activities, and the need for operational efficiency in drilling engineering. The drilling data management systems market also caters to the exploration and production of coal, crude oil, gas hydrates, and other conventional and unconventional resources. The market offers solutions for managing drilling data from oil rigs, handling data from advanced drills, and monitoring multilateral wells and horizontal wells. The market for drilling data management systems is expected to grow significantly due to the increasing demand for data management solutions in the oil and gas industry, the need for real-time data analysis, and the requirement for optimization of drilling operations to make them economically viable. The market is expected to witness significant investments in the coming years, driven by the increasing number of drilling activities and the need for advanced drilling technologies. In conclusion, the drilling data management systems market plays a crucial role in the oil and gas industry by providing advanced software and hardware solutions for managing drilling data, optimizing drilling operations, and ensuring operational efficiency. The market caters to various sectors and offers solutions for managing data from conventional and unconventional resources, ensuring data security, and facilitating real-time data analysis and predictive analytics. The market is expected to grow significantly in the coming years, driven by the increasing demand for data management solutions in the oil and gas industry and the need for optimization of drilling operations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentServicesSoftwareHardwareApplicationOilGasEnergyPowerGeographyNorth AmericaMiddle East And AfricaEuropeAPACSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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July 24, 2026

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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July 24, 2026

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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July 24, 2026

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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