As per the latest report by IMARC Group, titled “Digital Oilfield Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global digital oilfield market size reached US$ 24.3 Billion in 2019. Digital oilfield is an emerging concept that enhances the operations and workflows of oil and gas exploration through a combination of technologies. Some of these include artificial intelligence (AI), augmented reality (AR), the Internet of Things (IoT), mobile connectivity and the cloud, which enable operators to gather, analyze and interact with production-related information in the field. This helps in obtaining actionable insights in real-time that help in driving calculated business decisions. As a result...

As per the latest report by IMARC Group, titled “Hyperspectral Imaging Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global hyperspectral imaging systems market size is expanding at a robust rate. Hyperspectral imaging systems (HIS) are tools that are utilized for diverse applications, such as target discrimination, terrain and vegetation characterization and non-invasive medical-imaging spectroscopy. They combine two-dimensional object visualization for capturing and processing radiation of a broadband source (like the sun) and analyzing hundreds of spectral bands from the ultraviolet through mid-wave infrared regions. They assist in classifying and identifying different elements...