Global Oil field Communications Market research report backings to characterize the framework of all items progressed in granular detail, with the basic impression of most recent advancements and defining moments like associations right now performing on the planet over the market. With latest 5 years income figure, the report additionally depicts a colossal recommendation for people and relationship about present-day business theory odds of Oilfield Communication advertise before surveying its likelihood.
The Global Oil field Communications Market accounted for USD 2.9 billion 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.
Global Oil field Communications Market By Geography, Solution, Communication Network Technology (Cellular Communication, VSAT, Fiber Optic, Microwave, and Tetra Network), Field Site (Onshore, Offshore), Service(Professional, Managed)- Industry Trends and Forecast to 2024
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The oil field 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
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The report for Global oil field 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 Drivers and Restraints:
- Improved Communication Solutions
- Improvements In Higher Bandwidth Capabilities
- Low Latency Issues
- Focus on Shale Gas Development
On the basis of solution:- 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:- cellular communication network, VSAT (Very Small Aperture Terminal) communication network, fiber optic-based communication network, microwave communication network and tetra network.
By field site: – Onshore communications and offshore communications.
By service: – Professional services and managed services.
On the basis of geography:-
- North America,
- South America,
- Asia-Pacific and Middle East & Africa.
- South Korea,
- Saudi Arabia,
- South Africa,
- among others.
In 2017, North America is expected to dominate the market.
Major Market Competitors:
- Hughes Network Systems LLC.,
- ITC Global,
- Huawei Technologies Co., Ltd.,
- Redline Communications,
- ERF Wireless,
- Inmarsat plc.,
- Hermes Datacommunications International Ltd,
- Hughes Network Systems LLC,
- Halliburton ,
- Harris CapRock,
- among others.
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