09-15-2018 06:09 AM CET - IT, New Media & Software

Future Outlook of Offshore Oil & Gas Communications Market Poised to Achieve CAGR of 7.2% by 2023 – ABB, Alcatel Lucent S.A., CommScope, Rignet, AT&T, ERF Wireless, ITC Global

Press release from: Market Prognosis
Offshore Oil & Gas Communications Market
Offshore Oil & Gas Communications Market

Marketprognosis.com Publish a New Market Research Report On “Global Offshore Oil & Gas Communications Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Offshore Oil & Gas Communications Market:

The Global Offshore Oil & Gas Communications Market is projected to grow at a CAGR of 7.2% over the forecast period (2018 - 2023). The scope of the report includes solutions & communication network technology. The regions included in this study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Communications between offshore facilities and onshore locations some time back were limited to a two-way radio and daily reports. Oilfield workers stationed offshore were cut off from the rest of the world virtually. However, with advancements in communication technologies, the way the offshore industry works has been transformed.

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Offshore communications have come a long way. Now the real-time communication networks not only allow for personal cell phone use and Wi-Fi connectivity, but also provide real-time transfer of offshore data to onshore offices. Allowing for totally subsea developments and remote unmanned, offshore industry works have been transformed by improved communication systems. There are several communication technologies that can now work singly or in a system to solve offshore communications challenges. The most commonly chosen solution for offshore communications are satellite communications, which require a VSAT at the offshore site and are used many times for vessels that may be in extremely remote locations or on the move.

With the help of microwave telecommunications technology, data is transported via wavelengths that measure less than one meter in length. These microwave solutions are chosen for locations that are within proximity to each other. Fiber optical telecommunications are chosen for locations that are in high traffic areas, such as the North Sea or US Gulf of Mexico. Even cellular telecommunications services can be accessible at some places offshore. US Gulf of Mexico has cellular towers installed offshore that allow these cellular communications from rigs and platforms near the coast to onshore locations. All these technologies will lead to the growth of the offshore oil & gas communications market.

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North America is expected to be most attractive region and will hold largest market share in the offshore oil & gas communications market over the forecast period. This region is said to be the pioneer in this market as it is also the largest oil & gas producer, with companies seeking advanced digital solutions for offshore field operations. The US accounts for largest market share in this region. Besides, capital spending on the oil & gas industry will increase in 2018, which will trigger the growth of the offshore oil & gas communications market.

Major Key Players:

1 ABB Ltd.

2 Alcatel Lucent S.A.

3 Baker Hughes Incorporated

4 CommScope Inc.

5 Rignet Inc.

6 AT&T Inc.

7 ERF Wireless Inc.

8 Redline Communications Inc.

9 ITC Global Inc.

10 Harris CapRock Communications Inc. and More……………

Any Query? Ask to our Expert @ marketprognosis.com/enquiry/16487 .

What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Offshore Oil & Gas Communications Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Offshore Oil & Gas Communication Market

6 Competitive Intelligence - Company Profiles

7 Investment Analysis

8 Outlook of Offshore Oil & Gas Communication Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.
Thane – 421501

+1 973 241 5193

This release was published on openPR.
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