“Geophysical Software Service Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on geophysical software service 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 geophysical software service? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The geophysical software service 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, competitive landscape, market shares, 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.
- 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 impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- 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. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- 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 trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Software Type: On-premises; Software as a Service (Saas)
- 2) By Survey Type: Land-based; Marine-based; Aerial-based
- 3) By Application: Oil & Gas; Mineral & Mining; Water Exploration; Agriculture
- Companies Mentioned: CGG SA; TGS-NOPEC Geophysical Company; Earth Science Analytics AS; SGS SA; Emerson Geophysical LLC
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; 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.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the geophysical software service market are: CGG SA, TGS-NOPEC Geophysical Company, Earth Science Analytics AS, SGS SA, Emerson Geophysical LLC, Fugro, PGS Geophysical AS, Schlumberger Limited, Geophysical Software Solutions Pty. Limited, New Resolution Geophysics (NRG), Dawson Geophysical, Inc., EON Geosciences, Geophysical Survey Systems, Inc., Geotech Surveys, and Ion Geophysical Corporation.
The global geophysical software service market is expected to grow from $10.32 billion in 2022 to $1.86 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The geophysical software service market is expected to grow to $22.14 billion in 2027 at a CAGR of 16.9%.
The geophysical software services market includes revenues earned by entities by providing services such as electron tomography, seismotomography, GPR, magnetic survey, ERT, and VES. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Geophysical software services refer to a complete software solution with sonar, seismic, and magnetometer modules covering all survey needs from data acquisition to processing and data interpretation.
North America was the largest region in the geophysical software service market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eophysical software service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of software in geophysical software service are on-premises and software as a service (SaaS). On-premises refers to on-site-hosted hardware and software for the IT infrastructure, telecommunications, and electronics to provide unique technology. The types of surveys include land-based, marine-based, and aerial-based applied for oil and gas, mineral and mining, water exploration, and agriculture.
An increase in oil and gas exploration is expected to propel the growth of the geophysical software services market. Oil and gas exploration includes the procedures and techniques for identifying potential locations for drilling and extracting oil and gas. Oil and gas companies use geophysical software services to assess the seismic hazard of their fields and deposits. For instance, according to the India Brand Equity Foundation, an India-based export promotion agency, the Indian Government has invested USD 2.86 billion to double the oil and gas production by drilling is expected to reach more than 120 exploration wells in 2022. Further, the U.S. Energy Information Administration Federal government has discovered new oil reserves in Texas, North Dakota, and New Mexico with a capacity of 3.5 billion barrels, 0.7 billion barrels, and 1.1 billion barrels. Therefore, an increase in oil and gas exploration is driving the growth of the geophysical software services market.
Technological advancement is a key trend in the geophysical software services market. Major geophysical software service providers are concentrating on creating cutting-edge technical solutions that are adaptable to different factors, which is causing technologies like Geo Software 11.0 to advance. For instance, in June 2021, CGG SA, a France-based geoscience technology services company, enables geoscientists to harness the full potential of cloud computing to investigate more scenarios with more model complexity and create tens to hundreds of geostatistical inversion realizations concurrently. The new cloud-enabled Jason Multi-Realization technology benefits E&P firms by lowering project cycle time considerably and cost-effectively, while geoscientists may use the additional geostatistical simulation data to better reservoir characterization and risk assessment.
In September 2022, Sercel SA, a France-based seismic acquisition industry, acquired ION Geophysical Corporation for an undisclosed amount. This acquisition allows Sercel to expand its software and service offerings while opening up new prospects for diversification in simultaneous maritime operations. This deal enables Sercel to enhance its portfolio and diversify further with value-proven items such as Marlin. ION Geophysical Corporation is a US-based company operating in the geophysical software services market.
The countries covered in the geophysical software service market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The geophysical software service market research report is one of a series of new reports from The Business Research Company that provides geophysical software service market statistics, including geophysical software service industry global market size, regional shares, competitors with a geophysical software service market share, detailed geophysical software service market segments, market trends and opportunities, and any further data you may need to thrive in the geophysical software service industry. This geophysical software service 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.
Table of Contents
1. Executive Summary
2. Geophysical Software Service Market Characteristics
3. Geophysical Software Service Market Trends And Strategies
4. Geophysical Software Service Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Geophysical Software Service Market
- 4.2. Ukraine-Russia War Impact On Geophysical Software Service Market
- 4.3. Impact Of High Inflation On Geophysical Software Service Market
5. Geophysical Software Service Market Size And Growth
- 5.1. Global Geophysical Software Service Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Geophysical Software Service Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Geophysical Software Service Market Segmentation
- 6.1. Global Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- On-premises
- Software as a Service (Saas)
- 6.2. Global Geophysical Software Service Market, Segmentation By Survey Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Land-based
- Marine-based
- Aerial-based
- 6.3. Global Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Oil and Gas
- Mineral and Mining
- Water Exploration
- Agriculture
7. Geophysical Software Service Market Regional And Country Analysis
- 7.1. Global Geophysical Software Service Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Geophysical Software Service Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Geophysical Software Service Market
- 8.1. Asia-Pacific Geophysical Software Service Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Geophysical Software Service Market
- 9.1. China Geophysical Software Service Market Overview
- 9.2. China Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Geophysical Software Service Market
- 10.1. India Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Geophysical Software Service Market
- 11.1. Japan Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Geophysical Software Service Market
- 12.1. Australia Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Geophysical Software Service Market
- 13.1. Indonesia Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Geophysical Software Service Market
- 14.1. South Korea Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Geophysical Software Service Market
- 15.1. Western Europe Geophysical Software Service Market Overview
- 15.2. Western Europe Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Geophysical Software Service Market
- 16.1. UK Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Geophysical Software Service Market
- 17.1. Germany Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Geophysical Software Service Market
- 18.1. France Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Geophysical Software Service Market
- 19.1. Eastern Europe Geophysical Software Service Market Overview
- 19.2. Eastern Europe Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Geophysical Software Service Market
- 20.1. Russia Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Geophysical Software Service Market
- 21.1. North America Geophysical Software Service Market Overview
- 21.2. North America Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Geophysical Software Service Market
- 22.1. USA Geophysical Software Service Market Overview
- 22.2. USA Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Geophysical Software Service Market
- 23.1. South America Geophysical Software Service Market Overview
- 23.2. South America Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Geophysical Software Service Market
- 24.1. Brazil Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Geophysical Software Service Market
- 25.1. Middle East Geophysical Software Service Market Overview
- 25.2. Middle East Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Geophysical Software Service Market
- 26.1. Africa Geophysical Software Service Market Overview
- 26.2. Africa Geophysical Software Service Market, Segmentation By Software Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Geophysical Software Service Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Geophysical Software Service Market Competitive Landscape And Company Profiles
- 27.1. Geophysical Software Service Market Competitive Landscape
- 27.2. Geophysical Software Service Market Company Profiles
- 27.2.1. CGG SA
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. TGS-NOPEC Geophysical Company
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Earth Science Analytics AS
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. SGS SA
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Emerson Geophysical LLC
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Geophysical Software Service Market
29. Geophysical Software Service Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer