The market for geomechanics software and services is experiencing significant growth and is projected to continue expanding in the oil & gas and mining industries. The market is predicted to be valued at US$ 1,856.5 million in 2023 and is projected to reach US$ 3,561.9 million by 2033, with an annual growth rate of 6.7%. Factors driving …
Tag Archives: Geomechanics Software and Service Market size
Geomechanics Software and Service Market to grow at 6.9% annually to reach US$ 3,437 Mn by 2032
The global geomechanics software and service market is calculated at US$ 1526 Mn in 2021 and is projected to reach US$ 1766 Mn by 2022. The market is anticipated to reach US$ 3437.2 Mn by 2032 while recording a CAGR of 6.9% during the forecast period from 2022 to 2032. A government initiative that combines safety concerns …