Press release
Oilfield Communication Market would grow at a CAGR of 8% from 2017 to 2025
Oilfield Communications
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Executive summary of the global oilfield communication market is offered to help market players and investors to quantify opportunities and save time to make decisions for the future. Market attractiveness and trend analysis are outlined in the research. Competitive landscape is highlighted in the study along with recent industry development status. Moreover, definitions of significant methodologies are offered in the research. Research methodology is outlined in the study based on primary and secondary research methodologies.
Competitive landscape of the global oilfield communication market is outlined in the research based on drivers and challenges. Rise in need for advanced communication technologies that empower oil companies to get, transfer, and process information with high accuracy, TVWS networks that enable oil and gas companies to reduce their overall costs significantly, and rapid consumption of gas and petroleum resources are factors drive growth in the industry. However, stringent regulations and compliances over the oil and gas industry hinders growth in the market. The impact of these factors are outlined in the study to help market players devise strategies based on them. Porter’s Five Forces Analysis is offered in the study based on bargaining power of buyers, bargaining power of suppliers, threat of substitutes, industry rivalry, and threat of new entrants.
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Detailed segmentation of the global oilfield communication market is provided based on solutions, services, communication network technologies, field site, and geography. Based on solutions, the market is classified into upstream communication solutions, mid-stream communication solutions, and downstream communication solutions. By services, it is divided into cloud hosting services, professional services, and system integration services. Based on communication network technologies, it is segmented into cellular communication network, fiber optic based communication network, very small aperture terminal network, microwave communication network, and TETRA network. Field site segment is divided into onshore communication network and offshore communication network. Geographic analysis of each aforementioned segments is offered for regions including North America, Europe, Asia-Pacific, and LAMEA. Market size for the historic period and the forecast period are provided to assist market players take necessary decisions.
The report offers insights on major market players operating in the global oilfield communication industry. An overview of each players is mentioned along with recent developments. Moreover, financial and business segments are elaborated for each player. Major players include Alcatel-Lucent International, Harris Caprock Communications Inc., ERF Wireless Inc., Huawei Technologies Co. Ltd., Hermes Data Communications International Ltd., Inmarsat PLC, Hughes Network Systems Llc, Rignet Inc., ITC Global, and Redline Communications Inc. These insights are helpful to gain thorough understanding of competitive scenario.
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