The growth of this market will be driven by factors such as increasing demand for oil, increasing use of internal sources of funding, and technological advancements. Moreover, factors such as discovery of new oilfields, mergers and acquisitions, and recent licenses and product launches are further expected to propel the growth of this market. However, strict government regulations on E&P activities, fluctuations in crude oil prices, and shortage of skilled labor are expected to hinder the growth of this market.

https://www.openpr.com/news/1710327/In-2025-Oilfield-Services-Market-reaches-171-7-billion.html

Oilfield Services Market by Type (Pressure Pumping, Oil Country Tubular Goods, Well Intervention and Coiled Tubing, Drilling and Completion Fluid, Well Completion, Seismic Testing), Location (Onshore and Offshore), and Geography - Global Forecast to 2025