Subsea system comprises subsea production, subsea processing system, and advanced subsea technology. Well access system & BOP are parts of advancing subsea technology which can be explained as: Well Access Systems: On the basis of technology, subsea well access system could be classified into: Rig-Based Well Access System: Rig-based well access system refers to a particular type of subsea well access system that employs a rig to access subsea wells. It enhances the efficiency of drilling and production activities of subsea wells. Vessel-Based Well Access System: The vessel-based well access system which is also known as Riser less Light Well Intervention (RLWI) system requires a subsea lubricator, which does the primary task of well accessing with the help of Remotely Operated Vehicles (ROVs). The operation is performed through a dynamically positioned vessel.

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.