Oilfield Communications Market Prospects Outlook 2019-2025 and Top Key Players - Siemens AG, ABB, Huawei Technologies, Speedcast International Limited, Commtel Networks,

Global Oilfield Communications Market is accounted for $2.95 billion in 2017 and is expected to reach $6.25 billion by 2026 growing at a CAGR of 8.7% during the forecast period. Rising demand for offshore oil field communication solutions, new projects in drilling for oil in extreme conditions and rising implication of cyber security are some of the key factors fuelling the market growth. However, factors such as strict government regulatory norms and probable risk in data and asset security are hindering the market. Growing demand for cost-effective solutions in the oil and gas industry provides ample of opportunities for the market growth.

Oilfield communications require a consistent and competent wireless network that is able to function over long distances and under harsh weather conditions. Oilfield communication networks and technologies supply lightning broadband speeds, thereby sustaining several applications that ultimately develop the operational efficiency and safety of the oilfield operations in a cost-effective manner.

Some of the key players in the Oilfield Communications market include:
Siemens AG, ABB, Huawei Technologies, Speedcast International Limited, Commtel Networks, Rad Data Communications, Rignet, Baker Hughes Incorporated, Ceragon Networks, Alcatel-Lucent S.A., Tait Communications, Commscope, Inmarsat, Airspan Networks, and Hughes Network Systems.

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Amongst Communication Network Technology, Very Small Aperture Terminal (VSAT) is a satellite communications system that serves home and business users. A VSAT requires a box that interfaces between the user's computer and an exterior antenna with a transceiver. The transceiver receives or sends a signal to a satellite transponder in the sky. The satellite sends and receives signals from an earth station computer that acts as a hub for the system. The growth is due to the need for cyber security in the oil & gas industry. Asia Pacific is anticipated to grow highest CAGR during the forecast period due to the high investing R&D activities and rapidly increasing oilfield excavation activities in this region.

Services Covered:
- Managed Services
- Professional Services

Communication Network Technologies Covered:
- Tetra Network
- Fiber Optic-Based Communication Network
- Microwave Communication Network
- Cellular Communication Network
- VSAT Communication Network

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Table of Contents

1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Oilfield Communications Market, By Service
6 Global Oilfield Communications Market, By Communication Network Technology
7 Global Oilfield Communications Market, By Field Sit
8 Global Oilfield Communications Market, By Solution
9 Global Oilfield Communications Market, By Geography
10 Key Developments
11 Company Profiling

Field Sits Covered:
- Onshore Communications
- Offshore Communications

Solutions Covered:
- Midstream Communication Solutions
- Downstream Communication Solutions
- Upstream Communication Solutions

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Important Features that are under offering & key highlights of the report:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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This release was published on openPR.