The state of equilibrium of rock and soil is disturbed by activities such as drilling.To study the consequences of industrial activities on soil and rock formations, seismicity, soil load bearing, geomechanics software and services are helping industries identify risks and mitigate issues. Geomechanics software and services gives insights into geomechanical risks to optimize the performance of wells and reservoirs in petroleum engineering.
Need for enhanced geophysical and seismic understanding of minefields, oilfields, construction sites, and nuclear waste disposal sites for successful operations across industries such as oil and gas, mining, civil construction, and nuclear waste disposal is the key factor driving the geomechanical software and services market.
North America is expected to dominate the geomechanics software and services market due to increasing adoption of exploration technologies in oil and gas and mining industries. Asia Pacific is likely to observe strong growth opportunities during the forecast period dueto rising investments in oil and gas and mining industries.
In 2018, the global Geomechanics Software and Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Geomechanics Software and Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Geomechanics Software and Services development in United States, Europe and China.
The key players covered in this study
Rockfield Global Technologies
Itasca Consulting Group
Baker Hughes Global (a GE Company)
HXR Drilling Services
Market segment by Type, the product can be split into
Market segment by Application, split into
Oil and Gas
Nuclear Waste Disposal
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Geomechanics Software and Services status, future forecast, growth opportunity, key market and key players.
To present the Geomechanics Software and Services development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Geomechanics Software and Services are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.