Global Oil field Communications Market – Industry Trends and Forecast to 2024
Market Analysis: Global Oil field Communications Market
The Global Oil field Communications Market accounted for USD 2.9billion in 2016 growing at a CAGR of 7.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Oil field Communications Market
The oilfield communications is a technique of implementing the digital technology to improve oilfield recovery, productivity and communications which increases the productivity and communication in these areas. The data communication at field locations is essential for operation control, equipment monitoring and crew coordination. The data communication is also desirable between oil field locations and applications on the internet or inside an enterprise network infrastructure. The improved communication solutions, high bandwidth capabilities are some of the factors boosting the growth of this market
Major Market Drivers & Restraints:
- Improved Communication Solutions
- Improvements In Higher Bandwidth Capabilities
- Low Latency Issues
- Focus on Shale Gas Development
Market Segmentation: Global Oil field Communications Market
The global oilfield communications market is segmented on the basis of solution into M2M communication, asset performance communications, unified communications, VoIP (Voice over Internet Protocol) solutions, video conferencing, pipeline supervisory control and data acquisition (SCADA), fleet management communication, oilfield to control center data communication and Wi-Fi hotspot.
On the basis of communication network technology, the oilfield communications market is segmented into cellular communication network, VSAT (Very Small Aperture Terminal) communication network, fiber optic-based communication network, microwave communication network and tetra network.
By field site, the oilfield communications market is segmented into onshore communications and offshore communications.
By service, the oilfield communications market is segmented into professional services and managed services.
On the basis of geography, the global oilfield communications market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Oil field Communications Market
The report for global oilfield communications market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Oil field Communications Market
Some of the major players of the global oilfield communications market are Hughes Network Systems LLC., ITC Global, Huawei Technologies Co., Ltd., RigNet, Redline Communications, ERF Wireless, Inmarsat plc., Hermes Datacommunications International Ltd, Hughes Network Systems LLC, Halliburton , Harris CapRock, among others.