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. The Oil field Communications market report also brings together insightful overview of product specification, technology, applications, product type and production analysis by taking into account major factors such as revenue, cost, gross and gross margin. With this report, businesses can achieve current and future technical and financial details of the industry to 2025. All the studies carried out in this Oil field Communications report are based on large group sizes at global level. Thus, it is the confirmed source to get valuable market insights and make better decisions about the important business strategies. This market report is an important manuscript for every market enthusiast, policymaker, investor, and market player.
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.
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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
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.
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
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.
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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.
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