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3D Modeling, 3D Visualization, and 3D Data Capture Market: Oil & Gas Industry Vies to Reap Benefit from Augmented Reality, Virtual Reality

Apr 30th 2019 at 11:39 PM

The dipping cost of digitalization, advancement in technologies and the widening connectivity of devices offer a competition-beating chance to upstream oil and gas companies.  The operational gains have offered an extra incentive, saving millions from operating costs. Upstream oil and gas companies have been slow to seize the opportunity, despite the deluge of digital advancements. As such, the oil and gas industry is taking cue from digitally capital-intensive industries influencing a robust change in their physical assets and capital models. Moreover, the oil and gas industry, which is grappling with plunging oil prices, embracing digitization could weather the downturn the O&G industry is vulnerable to. These introductory insights draw resemblance from the intelligence report, titled, “3D Modeling, 3D Visualization, and 3D Data Capture Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been of late added to Market Research Hub’s (MRH) growing repository.

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While sophisticated imaging technology and earth science understanding have assisted exploration, a complex ecosystem and a legacy asset base have limited the digital evolution of the drilling. Meanwhile, on the visualization aspect, the industry has made dynamic progress in developing 3D interpretation system capable of velocity and geological modeling, depth imaging and stratigraphic interpretation. A few of the companies are using virtual reality to seismic imaging for enhancing the spatial perception of 3D objects. Group of researchers at the University of Calgary is using augmented reality, virtual reality and advanced visualization techniques to assist Canadian producers in managing the complex reservoirs by interacting with simulations in real 3D world. Breaking data silos becomes imperative for the industry to observe efficiency and cost savings. Over the decade, development in operational technologies such as multi-well pad drilling has aided the industry in reducing the average drilling time. There has been growing traction to augment drilling operations through the development of linear or non-linear solutions such as automated weight on bit adjustments. As such, the industry is focusing on integrate and analyze stages. Having the advanced and integrated drilling analytics closer to operation could considerably lessen time over runs and cost and leverage complex data analytics to be functioned within the sensor array.

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3D Modeling, 3D Visualization, and 3D Data Capture Market: Report Content

The report provides a robust analysis on the 3D modeling, 3D visualization, and 3D data capture market for the assessment period 2019-2027. The report focuses on the segmentation of the market to offer a holistic approach of the market. Additionally, the report sheds light on the dynamics of the market that have considerable influence on the growth of the 3D modeling, 3D visualization, and 3D data capture market, namely, drivers, restraints, trends and opportunities.

The robust analysis of competitive scenario of the 3D modeling, 3D visualization, and 3D data capture market is backed up by the Porters’ Five Force Analysis. Subsequently, the Porters’ Five Force Analysis delves into coherent strategies used by pertinent companies in the 3D modeling, 3D visualization, and 3D data capture market. In addition, the report is propelled by the inclusion of company profile, SWOT analysis, recent development, company profile, annual revenue and strategic overview.

3d Modeling, 3d Visualization, and 3d Data Capture Market: Research Methodology

Primary research and secondary research provides a coherent analysis on 3D modeling, 3D visualization, and 3D data capture market. As such, the secondary research sheds light on Factiva, trade journals, EC filing, and resourceful database. Meanwhile, the report also encompasses absolute dollar opportunity analysis and Y-o-Y projections. The report is further propelled by primary research that prioritizes telephonic interview, veracious review from experts, unbiased and honest views from surveys and seasoned analyst.

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