Geophysical Data Sales Global Market Report 2021: COVID 19 Impact and Recovery to 2030

The Business Research Company’s Geophysical Data Sales Global Market Report 2021: COVID 19 Impact and Recovery to 2030

LONDON, GREATER LONDON, UK, September 10, 2021 /EINPresswire.com/ -- According to the new market research report ‘Geophysical Data Sales Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the global geophysical data sales market is expected to grow from $1.72 billion in 2020 to $1.86 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.93 billion in 2025 at a CAGR of 0.9%. Increased oil and gas exploration activities drove the demand for metals and minerals, which in turn propelled the revenues generated for the geophysical data sales market.

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The geophysical data sales market consists of the sales of geophysical data services and related goods by entities (organizations, sole traders, and partnerships) that locate and measure the extent of subsurface resources, such as oil, gas, and minerals, and also conduct surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. Only goods and services traded between entities or sold to end consumers are included.

Trends In The Global Geophysical Data Sales Market
The launch of seismic technology has created immense demand in the geophysical data sales market. Seismic technology is used by oil and gas researchers to map and interpret potential hydrocarbon reserves. But adding the time dimension, 4D seismic technology shows how a reservoir will change over time. As of 2019, the initial pre-interpretation processing of about 200 km2 of 3D seismic was completed in less than 24 hours. In 2019, The Rice University seismologists have made a breakthrough using NASA’s InSight Lander on Mars, creating the first direct measurements of three subsurface boundaries from the crust to the core of Mars using seismic technology. The land-based surveys are expected to dominate the geophysical data sales market which attributes to the increase in demand for seismic technology.

Global Geophysical Data Sales Market Segments:
The global geophysical data sales market is further segmented:
By Technology: Seismic, Magnetic, Gravity, Electromagnetics, LIDAR, Ground Penetrating, Others
By Type: Aerial-Based Survey, Land-Based Survey
By Services: Data Processing, Data Interpretation, Data Acquisition
By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, Water Exploration
By Geography: The global geophysical data sales market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Geophysical Data Sales Market At:
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Geophysical Data Sales Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides geophysical data sales global market overviews, analyzes and forecasts market size and growth for the global geophysical data sales market, geophysical data sales global market share, geophysical data sales global market players, geophysical data sales global market segments and geographies, geophysical data sales global market’s leading competitors’ revenues, profiles and market shares. The geophysical data sales global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Read Geophysical Data Sales Global Market Report 2021 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Geophysical Data Sales Market Organizations Covered: Dawson Geophysical Company, EON Geosciences, Geotech Surveys, TGS Geophysical Company, Geophysical Survey Systems Inc., CGG SA, Fugro NV, Petroleum Geo-Services ASA, Phoenix Geophysics, SEA GEO SURVEYS PVT LTD, SA Global, Ramboll
Group A/S, DMT, Schlumberger Limited BGP Inc., Spectrum Geo Inc., Sea Geo Surveys Pvt Ltd, ION Geophysical Corporation, Phoenix Geophysics Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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Here is a list of reports from The Business Research Company similar to the Geophysical Data Sales Global Market Report 2021:

Geophysical Services Global Market Report 2021: COVID-19 Impact And Recovery To 2030
https://www.thebusinessresearchcompany.com/report/geophysical-services-global-market-report

Integrated Geophysical Services Global Market Report 2021: COVID-19 Impact And Recovery To 2030
https://www.thebusinessresearchcompany.com/report/integrated-geophysical-services-global-market-report

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https://www.thebusinessresearchcompany.com/report/surveying-and-mapping-services-market

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