“Smart well” or “Intelligent well” is used to signify that some degree of direct monitoring and remote control equipment is fitted within the oil well. An intelligent well has the following characteristics: It can analyze, collect, and transmit well-bore production and reservoir and completion integrity data. Such a system also allows operators to control reservoirs, wells, and production processes emotely.In this report, Technavio covers the present scenario and growth prospects of the global smart well market for 2017-2021. Also, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market. It also examines key emerging trends and their impact on current and future market scenarios.One of the integral components of any market estimate and analysis pertains to the definition of the estimates and the exclusions. The following section of the report enlists certain key estimates which we have considered for arriving at the market trends and certain exclusions which helped demarcate the market contours. The current report covers the present scenario and future growth prospects of the global smart well market for the period 2017-2021.