In the mining and oil and gas sectors, the market for geomechanics software and services is expected to continue growing at a high rate. With an estimated 6.7% annual growth rate, the market is expected to reach US$ 3,561.9 million by 2033 from its estimated US$ 1,856.5 million valuation in 2023. Global oil and gas …
Tag Archives: Geomechanics Software and Services
Geomechanics Software and Services Market: Steady Growth Forecasted to Reach US$ 3,561.9 Million by 2033
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 …