The statistic shows the distribution of the workforce across economic sectors in Russia from 2012 to 2022. In 2022, 5.66 percent of the workforce in Russia was employed in agriculture, 26.57 percent in industry and 67.77 percent in services. Russia’s economy The majority of Russia’s labor force works in the services sector, which accounts for more than half of the jobs in the country. About 30 percent work in the industry sector and the rest in agriculture. Interestingly, Russia is among the leading export countries worldwide and agricultural products, as well as meat, are among the main exported goods. Russia’s economy also profits significantly from selling and exporting fish and sea food. Due to large oil resources, Russia is also among the largest economies and the countries with the largest gross domestic product / GDP worldwide. Subsequently, living and working conditions in Russia should be above average, but for a long time, many Russians have struggled to get by. While conditions seem to improve nowadays, many Russians still live below the poverty line. One suggested reason for this is corruption, which has been cited as a severe problem for the country for a long time, and continues to pose difficulties for Russia’s economy. Illicit employment and the so-called “shadow economy”, which does not officially contribute to the fiscal system, yields amounts worth almost half of Russia’s gross domestic product. This can be seen on a ranking of the untaxed economy in selected countries as a share of GDP. In addition to oil, fish and agricultural products, Russia also manufactures and exports arms and weapons. It is ranked third among the countries with the highest military spending, and second among the countries, in which military spending accounts for a significant percentage of the gross domestic product.

Beauty and health services held the highest orders share in the Russian service market in 2021, at nearly 27 percent. Next was transportation and courier sector, which accounted for 17.9 percent of the total volume of orders in the service industry.

Services providers had the highest average income in Moscow and Saint Petersburg compared to other regions in Russia in 2020, at approximately 200 thousand Russian rubles. The country average for the services sector amounted to around 112,000 Russian rubles per month.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Russia from 2013 to 2023. In 2023, agriculture contributed around 3.35 percent to the GDP of Russia, 30.65 percent came from the industry and 56.88 percent from the service sector. Russia's struggling economy Russia is one of the so-called BRIC countries, the four major emerging markets. It is also considered to be one of the fastest growing economies, being one of the world’s leading producers and exporters of oil, natural gas, metals, wood, chemicals, and a wide variety of civilian and military manufactures. In 2015, Russia reported an estimated gross domestic product of about 1.18 billion U.S. dollars, making it one of the countries with the largest gross domestic product in the world. Due to its fast economic expansion, it is also predicted that Russia will have the sixth largest gross domestic product in the world by 2030. Despite a growing economy, Russia's unemployment rate has remained high in recent years. In 2010, the unemployment rate in Russia was at 7.3 percent, and after a slight plunge, it is expected to reach similar heights in the next few years again. Inflation has also increased rapidly in recent years, in 2015, it is expected to double in comparison to 2014, reaching approximately 18 percent - the highest inflation rate of the decade. 2015 is also marked by a large decline of Russia's gross domestic product: Between 2014 and 2015, GDP decreased by almost 5 thousand U.S. dollars. It is, however, expected to recover until 2020. Despite a trade deficit in the services sector from 2003 to 2013, the services sector in Russia has employed yearly over 55 percent of the workforce since 1999.

The Russia Satellite Imagery Services Market is segmented by Application (Geospatial Data Acquisition and Mapping, Natural Resource Management, Surveillance & Security, Conservation & Research, Disaster Management, Intelligence), End-User (Government, Construction, Transportation and Logistics, Military & Defense, Forestry & Agriculture). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

The Russia Food Service Market is Segmented by Type (Full-Service Restaurants, Quick-Service Restaurants, Street Stalls and Kiosks, Cafs and Bars, and 100% Home Delivery Restaurants) and Structure (Independent Consumer Foodservice and Chained Consumer Foodservice). The Market Size and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

Construction and improvement sector held the largest share of employees in the service market in Russia as of March 2022, at nearly 18 percent. Next were home improvement services, which employed 11.5 percent of the total number of service workers.

Russia Gross Value Added: Other Community, Social & Personal Services data was reported at 1,147,005.264 RUB mn in 2016. This records an increase from the previous number of 1,057,391.146 RUB mn for 2015. Russia Gross Value Added: Other Community, Social & Personal Services data is updated yearly, averaging 552,424.609 RUB mn from Dec 2004 (Median) to 2016, with 13 observations. The data reached an all-time high of 1,147,005.264 RUB mn in 2016 and a record low of 221,002.328 RUB mn in 2004. Russia Gross Value Added: Other Community, Social & Personal Services data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s National Accounts – Table RU.AC003: Gross Value Added: by Industry: OKVED. Changed from OKVED to OKVED2 Replacement series ID: 417825707

The Russia Courier, Express, and Parcel (CEP) Market is segmented by Destination (Domestic, International), by Speed Of Delivery (Express, Non-Express), by Model (Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)), by Shipment Weight (Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments), by Mode Of Transport (Air, Road, Others) and by End User Industry (E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others). Key Data Points observed include Number of Parcels; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD).

Russia GDP: 2016p: OKVED2: GVA: Administrative And Support Service Activities data was reported at 530.642 RUB bn in Dec 2018. This records an increase from the previous number of 498.299 RUB bn for Sep 2018. Russia GDP: 2016p: OKVED2: GVA: Administrative And Support Service Activities data is updated quarterly, averaging 475.623 RUB bn from Mar 2014 (Median) to Dec 2018, with 20 observations. The data reached an all-time high of 530.642 RUB bn in Dec 2018 and a record low of 408.925 RUB bn in Mar 2014. Russia GDP: 2016p: OKVED2: GVA: Administrative And Support Service Activities data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.AA017: GDP: by Industry: SNA 2008: 2016 Price.

Russia RU: BERD: % of Value Added data was reported at 0.940 % in 2020. This records an increase from the previous number of 0.930 % for 2019. Russia RU: BERD: % of Value Added data is updated yearly, averaging 0.967 % from Dec 1989 (Median) to 2020, with 32 observations. The data reached an all-time high of 2.065 % in 1990 and a record low of 0.649 % in 1992. Russia RU: BERD: % of Value Added data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Russian Federation – Table RU.OECD.MSTI: Business Enterprise Investment on Research and Development: Non OECD Member: Annual. In response to Russia's large-scale aggression against Ukraine, the OECD Council decided on 8 March 2022 to immediately suspend the participation of Russia and Belarus in OECD bodies. In view of this decision, the OECD suspended its solicitation of official statistics on R&D from Russian authorities, leading to the absence of more recent R&D statistics for this country in the OECD database, while previously compiled data are still available.The business enterprise sector includes all organisations and enterprises whose main activity is connected with the production of goods and services for sale, including those owned by the state, and private non-profit institutions serving the above-mentioned organisations. In practice however, R&D performed in this sector is carried out mostly by industrial research institutes other than enterprises. This particularity reflects the traditional organisation of Russian R&D.Headcount data include full-time personnel only, and hence are underestimated, while data in full-time equivalents (FTE) are calculated on the basis of both full-time and part-time personnel. This explains why the FTE data are greater than the headcount data.New budgetary procedures introduced in 2005 have resulted in items previously classified as GBARD being attributed to other headings and have affected the coverage and breakdown by socio-economic objective.;

Definition of MSTI variables 'Value Added of Industry' and 'Industrial Employment':

R&D data are typically expressed as a percentage of GDP to allow cross-country comparisons. When compiling such indicators for the business enterprise sector, one may wish to exclude, from GDP measures, economic activities for which the Business R&D (BERD) is null or negligible by definition. By doing so, the adjusted denominator (GDP, or Value Added, excluding non-relevant industries) better correspond to the numerator (BERD) with which it is compared to.

The MSTI variable 'Value added in industry' is used to this end:

It is calculated as the total Gross Value Added (GVA) excluding 'real estate activities' (ISIC rev.4 68) where the 'imputed rent of owner-occupied dwellings', specific to the framework of the System of National Accounts, represents a significant share of total GVA and has no R&D counterpart. Moreover, the R&D performed by the community, social and personal services is mainly driven by R&D performers other than businesses.

Consequently, the following service industries are also excluded: ISIC rev.4 84 to 88 and 97 to 98. GVA data are presented at basic prices except for the People's Republic of China, Japan and New Zealand (expressed at producers' prices).In the same way, some indicators on R&D personnel in the business sector are expressed as a percentage of industrial employment. The latter corresponds to total employment excluding ISIC rev.4 68, 84 to 88 and 97 to 98.

The transportation industry occupied the largest portion of exports of services from Russia, measuring at over 36 percent of the total in 2023. Telecommunications, computer, and information services were the third leading group had an export share of seven percent.

The Russian market of HR tech, which included human resource management (HRM) and human capital management (HCM) systems as well as staff recruiting, assessment, and development instruments, was forecast to reach over 32 billion Russian rubles in 2023, up 10 percent from the previous year. In general, the revenue of the HR tech market has gradually increased in the country since 2017.

The Russia Satellite Communications market is segmented based on the type (Equipment and Services), platform (Portable, Land, Maritime, and Airborne), and end user vertical (Maritime, Defense & Government, Enterprises, Media & Entertainment, and other end user verticals). Common satellite communication services include voice calling and internet access for different applications. The market sizes and forecasts are provided in terms of value (USD) for all the above segments

Abstract

This research was conducted in Russian Federation between August 2011 and June 2012, as part of the fifth round of the Business Environment and Enterprise Performance Survey. The objective of the study is to obtain feedback from enterprises in client countries on the state of the private sector. The research is also used to build a panel of enterprise data that will make it possible to track changes in the business environment over time, thus allowing, for example, impact assessments of reforms. Through face-to-face interviews with firms in the manufacturing and services sectors, the survey assesses the constraints to private sector growth and creates statistically significant business environment indicators that are comparable across countries.

In Russia, data from 4,220 establishments was analyzed. Stratified random sampling was used to select the surveyed businesses.

The survey topics include firm characteristics, information about sales and suppliers, competition, infrastructure services, judiciary and law enforcement collaboration, security, government policies, laws and regulations, financing, overall business environment, bribery, capacity utilization, performance and investment activities, and workforce composition.

In 2011, the innovation module was added to the standard set of Enterprise Surveys questionnaires to examine in detail how introduction of new products and practices influence firms' performance and management.

Geographic coverage

National

Analysis unit

The primary sampling unit of the study is the establishment. An establishment is a physical location where business is carried out and where industrial operations take place or services are provided. A firm may be composed of one or more establishments. For example, a brewery may have several bottling plants and several establishments for distribution. For the purposes of this survey an establishment must make its own financial decisions and have its own financial statements separate from those of the firm. An establishment must also have its own management and control over its payroll.

Universe

The manufacturing and services sectors are the primary business sectors of interest. This corresponds to firms classified with International Standard Industrial Classification of All Economic Activities (ISIC) codes 15-37, 45, 50-52, 55, 60-64, and 72 (ISIC Rev.3.1). Formal (registered) companies with five or more employees are targeted for interview. Services firms include construction, retail, wholesale, hotels, restaurants, transport, storage, communications, and IT. Firms with 100% government/state ownership are not eligible to participate in Enterprise Surveys.

Kind of data

Sample survey data [ssd]

Sampling procedure

The sample for Russian Federation was selected using stratified random sampling technique. Three levels of stratification were used in Russia: industry, establishment size, and region.

Industry stratification was designed in the way that follows: the universe was stratified into eight manufacturing industries (food, wood and furniture, chemicals and plastics and rubber, non-metallic mineral products, fabricated metal products, machinery and equipment, electronics and precision instruments, and other manufacturing), and seven service industries (construction, wholesale, retail, hotels and restaurants, supporting transport activities, IT, and other services).

Size stratification was defined following the standardized definition for the rollout: small (5 to 19 employees), medium (20 to 99 employees), and large (more than 99 employees). For stratification purposes, the number of employees was defined on the basis of reported permanent full-time workers. This seems to be an appropriate definition of the labor force since seasonal/casual/part-time employment is not a common practice, except in the sectors of construction and agriculture.

Regional stratification was defined in 37 regions (city and the surrounding business area) throughout Russia.

Given the stratified design, sample frames containing a complete and updated list of establishments for the selected regions were required. Great efforts were made to obtain the best source for these listings. However, the quality of the sample frames was not optimal and, therefore, some adjustments were needed to correct for the presence of ineligible units. These adjustments are reflected in the weights computation.

The Centre for Economic and Financial Research (CEFIR) at New Economic School was hired to implement the Russia 2012 Enterprise Survey. There were local subcontractors in each of the 37 regions surveyed. The sample frame used for the survey in Russia was from the Ruslana database.

The enumerated establishments were then used as the frame for the selection of a sample with the aim of obtaining interviews at 4,200 establishments with five or more employees.

The quality of the frame was assessed at the onset of the project. The frame proved to be useful though it showed positive rates of non-eligibility, repetition, non-existent units, etc. These problems are typical of establishment surveys, but given the impact these inaccuracies may have on the results, adjustments were needed when computing the appropriate weights for individual observations. The percentage of confirmed non-eligible units as a proportion of the total number of sampled establishments contacted for the survey was 38.16% (9,191 out of 24,083 establishments).

Mode of data collection

Face-to-face [f2f]

Research instrument

The following survey instruments are available: - Core Questionnaire + Manufacturing Module [ISIC Rev.3.1: 15-37] - Core Questionnaire + Retail Module [ISIC Rev.3.1: 52] - Core Questionnaire [ISIC Rev.3.1: 45, 50, 51, 55, 60-64, 72] - Innovation Module - Retail and Core - Innovation Module - Manufacturing
- Screener Questionnaire.

The "Core Questionnaire" is the heart of the Enterprise Survey and contains the survey questions asked of all firms across the world. There are also two other survey instruments - the "Core Questionnaire + Manufacturing Module" and the "Core Questionnaire + Retail Module." The survey is fielded via three instruments in order to not ask questions that are irrelevant to specific types of firms, e.g. a question that relates to production and nonproduction workers should not be asked of a retail firm. In addition to questions that are asked across countries, all surveys are customized and contain country-specific questions. An example of customization would be including tourism-related questions that are asked in certain countries when tourism is an existing or potential sector of economic growth.

The standard Enterprise Survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, and performance measures. Over 90% of the questions objectively ascertain characteristics of a country's business environment. The remaining questions assess the survey respondents' opinions on what are the obstacles to firm growth and performance.

The innovation module questionnaires were introduced in 2011. They cover such topics as product, process, marketing and organization innovations, research and development, acquisition of external knowledge and use of computers, protection of innovation, management practices, and interaction with the state and public-private partnerships.

Cleaning operations

Data entry and quality controls are implemented by the contractor and data is delivered to the World Bank in batches (typically 10%, 50% and 100%). These data deliveries are checked for logical consistency, out of range values, skip patterns, and duplicate entries. Problems are flagged by the World Bank and corrected by the implementing contractor through data checks, callbacks, and revisiting establishments.

Response rate

The number of realized interviews per contacted establishments was 0.56. This number is the result of two factors: explicit refusals to participate in the survey, as reflected by the rate of rejection (which includes rejections of the screener and the main survey) and the quality of the sample frame, as represented by the presence of ineligible units. The number of rejections per contact was 0.56.

Complete information regarding the sampling methodology, sample frame, weights, response rates, and implementation can be found in "Description of Russia ES Implementation 2012" in Technical Documents.

The Russia Courier, Express, And Parcel Market size was valued at USD 7.8 Billion in 2024 and is projected to reach USD 12.43 Billion by 2032, growing at a CAGR of 8.9% from 2025 to 2032.

Key Market Drivers:

E-commerce Market Growth: Russia’s e-commerce sector has experienced explosive growth, driving increased demand for delivery services. Russia’s e-commerce market reached 5.7 trillion rubles (approximately $63 billion) in 2023, representing a 35% year-over-year growth. According to the Russian Association of Internet Trade Companies (AKIT), the domestic e-commerce market has shown remarkable resilience and growth, with over 1.6 billion parcels delivered in 2023, making Russia one of the fastest-growing e-commerce markets.

The majority of employees in the service industry in Russia had a university degree as of March 2022. Approximately one third of service employees received technical or vocational education prior to working in the sector.

Abstract

This research was conducted in Russian Federation from June 19 to July 31, 2002, as part of the second round of the Business Environment and Enterprise Performance Survey. The objective of the survey is to obtain feedback from enterprises on the state of the private sector as well as to help in building a panel of enterprise data that will make it possible to track changes in the business environment over time, thus allowing, for example, impact assessments of reforms. Through face-to-face interviews with firms in the manufacturing and services sectors, the survey assesses the constraints to private sector growth and creates statistically significant business environment indicators that are comparable across countries.

The survey topics include company's characteristics, information about sales and suppliers, competition, infrastructure services, judiciary and law enforcement, security, government policies and regulations, bribery, sources of financing, overall business environment, performance and investment activities, and workforce composition.

Geographic coverage

National

Analysis unit

The primary sampling unit of the study is the establishment.

Universe

The manufacturing and services sectors are the primary business sectors of interest.

Kind of data

Sample survey data [ssd]

Sampling procedure

The information below is taken from "The Business Environment and Enterprise Performance Survey - 2002. A brief report on observations, experiences and methodology from the survey" prepared by MEMRB Custom Research Worldwide (now part of Synovate), a research company that implemented BEEPS II instrument.

The general targeted distributional criteria of the sample in BEEPS II countries were to be as follows:

1) Coverage of countries: The BEEPS II instrument was to be administered to approximately 6,500 enterprises in 28 transition economies: 16 from CEE (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, FR Yugoslavia, FYROM, Hungary, Latvia, Lithuania, Poland, Romania, Slovak Republic, Slovenia and Turkey) and 12 from the CIS (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan).

2) In each country, the sector composition of the total sample in terms of manufacturing versus services (including commerce) was to be determined by the relative contribution of GDP, subject to a 15% minimum for each category. Firms that operated in sectors subject to government price regulations and prudential supervision, such as banking, electric power, rail transport, and water and wastewater were excluded.

Eligible enterprise activities were as follows (ISIC sections): - Mining and quarrying (Section C: 10-14), Construction (Section F: 45), Manufacturing (Section D: 15-37) - Transportation, storage and communications (Section I: 60-64), Wholesale, retail, repairs (Section G: 50-52), Real estate, business services (Section K: 70-74), Hotels and restaurants (Section H: 55), Other community, social and personal activities (Section O: selected groups).

3) Size: At least 10% of the sample was to be in the small and 10% in the large size categories. A small firm was defined as an establishment with 2-49 employees, medium - with 50-249 workers, and large - with 250 - 9,999 employees. Companies with only one employee or more than 10,000 employees were excluded.

4) Ownership: At least 10% of the firms were to have foreign control (more than 50% shareholding) and 10% of companies - state control.

5) Exporters: At least 10% of the firms were to be exporters. A firm should be regarded as an exporter if it exported 20% or more of its total sales.

6) Location: At least 10% of firms were to be in the category "small city/countryside" (population under 50,000).

7) Year of establishment: Enterprises which were established later than 2000 should be excluded.

The sample structure for BEEPS II was designed to be as representative (self-weighted) as possible to the population of firms within the industry and service sectors subject to the various minimum quotas for the total sample. This approach ensured that there was sufficient weight in the tails of the distribution of firms by the various relevant controlled parameters (sector, size, location and ownership).

As pertinent data on the actual population or data which would have allowed the estimation of the population of foreign-owned and exporting enterprises were not available, it was not feasible to build these two parameters into the design of the sample guidelines from the onset. The primary parameters used for the design of the sample were: - Total population of enterprises; - Ownership: private and state; - Size of enterprise: Small, medium and large; - Geographic location: Capital, over 1 million, 1 million-250,000, 250-50,000 and under 50,000; - Sub-sectors (e.g. mining, construction, wholesale, etc).

For certain parameters where statistical information was not available, enterprise populations and distributions were estimated from other accessible demographic (e.g. human population concentrations in rural and urban areas) and socio-economic (e.g. employment levels) data.

Sampling deviation

The survey was discontinued in Turkmenistan due to concerns about Turkmen government interference with implementation of the study.

Mode of data collection

Face-to-face [f2f]

Research instrument

The current survey instruments are available: - Screener and Main Questionnaires.

The survey topics include company's characteristics, information about sales and suppliers, competition, infrastructure services, judiciary and law enforcement, security, government policies and regulations, bribery, sources of financing, overall business environment, performance and investment activities, and workforce composition.

Cleaning operations

Data entry and first checking and validation of the results were undertaken locally. Final checking and validation of the results were made at MEMRB Custom Research Worldwide headquarters.

Response rate

Overall, in all BEEPS II countries, the implementing agency contacted 18,052 enterprises and achieved an interview completion rate of 36.93%.

Respondents who either refused outright (i.e. not interested) or were unavailable to be interviewed (i.e. on holiday, etc) accounted for 38.34% of all contacts. Enterprises which were contacted but were non-eligible (i.e. business activity, year of establishment, etc) or quotas were already met (i.e. size, ownership etc) or to which “blind calls” were made to meet quotas (i.e. foreign ownership, exporters, etc) accounted for 24.73% of the total number of enterprises contacted.

The Russia Satellite-Based Earth Observation Market is Segmented by Type (Earth Observation Data and Value Added Services), Satellite Orbit (Low Earth Orbit, Medium Earth Orbit, and Geostationary Orbit), and End-Use (Urban Development and Cultural Heritage, Agriculture, Climate Services, Energy and Raw Materials, Infrastructure, and Other End-Use). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Snapshot img

Oilfield Services Market Size 2025-2029

The oilfield services market size is forecast to increase by USD 42.5 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for crude oil and natural gas worldwide. The global consumption of hydrocarbons continues to rise, leading to a rise in demand for OFS companies' services. Technological innovations, such as advanced drilling technologies and the Internet of Things (IoT), are being adopted to improve productivity and efficiency in offshore drilling and well intervention services. Hydrocarbon solvents and shale gas are also gaining popularity, requiring specialized services from OFS companies. However, fluctuations in crude oil prices pose a challenge to market growth. The market is expected to remain dynamic, with logistics and supply chain management playing a crucial role in ensuring the smooth delivery of services to clients. Overall, the market is poised for growth, driven by technological advancements and the ongoing demand for hydrocarbons.

What will be the Size of the Oilfield Services Market During the Forecast Period?

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The market encompasses a diverse range of activities, from hydrocarbon exploration and drilling to production and transportation. With significant gas reserves worldwide, the market's size and direction remain influenced by various factors. Oil prices, as a primary driver, impact demand for oilfield services, with price fluctuations influencing exploration and production activities. Advanced technologies continue to shape the market, introducing new tools and fluids for drilling, completion, and remedial applications. The supply-demand gap, influenced by geopolitics and OPEC countries' production policies, further impacts market dynamics. New technologies, such as offshore sector advancements and transportation of water and materials, contribute to increasing production efficiency.
Manufacturing, maintenance, equipment repair, and transportation of oilfield equipment are essential components of the market's ecosystem. The International Energy Agency forecasts continued growth in the oilfield services sector, driven by the need for cost-effective hydrocarbon extraction and the ongoing energy transition.

How is the Oilfield Services Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Onshore
  Offshore


Type

  Field operations
  Analytical and consulting services
  Equipment rental


Geography

  North America

    Canada
    Mexico
    US


  Middle East and Africa



  APAC

    China
    India
    Japan


  Europe



  South America

By Application Insights

The onshore segment is estimated to witness significant growth during the forecast period. The global onshore market held a significant share in 2024, driven by the high volume of drilling and production activities and lower capital requirements compared to offshore fields. The onshore market is populated by numerous oilfield service companies due to the reduced investment needed for onshore operations. The market expansion is fueled by the increasing upstream activities, including new drilling and advanced technologies, in response to the global energy demand rise. Oil and gas exploration and production (E&P) companies in North America and the Middle East are prioritizing the development of new projects as mature fields reach the end of their lifecycle.
Advanced technologies, such as directional drilling, hydraulic fracturing, and high-pressure well intervention services, are essential for maximizing hydrocarbon reserves in shale fields and conventional fields. The oilfield services sector encompasses upstream service companies, including Schlumberger Limited, Baker Hughes Company, Halliburton Company, and Weatherford International Plc, which offer drilling services, exploration, hydraulic fracturing, stimulation techniques, shale gas extraction, service, equipment rental, field operation, analytical services, pressure pumping services, wireline services, and well intervention services. The offshore sector also contributes significantly to the market, with offshore contract drilling, drilling costs, shale plays, horizontal drilling, and fracking being key focus areas. The energy cost, well productivity, reservoir performance, low-stress environment, safety and security, and offshore greenfield investment are crucial factors influencing the market's growth.

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The Onshore segment was valued at USD 131.00 billion in 2019 and showed a gradual increase during