Global Oilfield Communications Market
GLOBAL OILFIELD COMMUNICATIONS MARKET SIZE AND FORECAST TO 2025
Global Oilfield Communications Market Analysis
According to Verified Market Intelligence, The Global Oilfield Communications Market was valued at USD 3.24 billion in 2017 and is projected to reach USD 5.88 billion by 2025, growing at a CAGR of 8.2% from 2018 to 2025.
What is Oilfield Communications?
Oilfield communication is the term used to describe the communication systems that are implemented for the primary purpose of being able to provide support or assistance to the various oil and gas companies that may be in need of information for the oil exploration, production processes, reporting technology, automation and other processes that occur.
Global Oilfield Communications Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The implementation of oilfield communications in areas that are more remote or harsh enables there to be more informed decisions being made concerning the processes between the onshore and offshore operations. Factors such as the increase in effective communication as well as the enabling of more well informed decisions are driving the market for oilfield communications. Factors such as the cost to uphold this process are restraining the markets growth.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Oilfield Communications Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Oilfield Communications Market Competitive Landscape
The “Global Oilfield Communications Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such Siemens AG, Alcatel Lucent SA, Speedcast International Limited, Ceragon Networks Ltd., Huawei Technologies Co. Ltd., Rad Data Communications Inc., ABB Ltd., Rignet Inc., Commscope Inc., Hughes Network Systems LLC, Inmarsat PLC, Airspan Networks Inc., Tait Communications, Commtel Networks Pvt. Ltd., Baker Hughes Incorporated. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Oilfield Communications Market, By Communication Network Technology
• Microwave communication network
• Tetra Network
• Cellular Communication Network
• Fiber Optic Based Communication Network
• VSAT Communication Network
• Different Band Types (L-Band, HTS, KU Band, C Band)
Global Oilfield Communications Market, By Component
o Managed Services
o Professional Services
o Pipeline Supervisory Control and Data Acquisition
o Asset Performance Communications
o Unified Communications
o VoIP Solutions
o Oilfield to Control Center Data Communication
Global Oilfield Communications Market, By Field Site
• Onshore Communications
• Offshore Communication
Global Oilfield Communications Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Intelligence:
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Global Oilfield Communications Market
The Global Oilfield Communications Market was valued at USD 2.91 billion in 2016 and is projected to reach USD 5.87 billion by 2025, growing at a CAGR of 8.1% from 2017 to 2025.
Oilfield Communication refers to communication solutions that provide support to the oil and gas companies that need continuous information about production processes, advanced monitoring, oil exploration, ...