Oilfield Communications Market to Reach US$ 6812.8 Million by 2026 - Exclusive Report by The Insight Partners

Oilfield Communications Market to 2026 - Global Analysis and Forecasts by Service (Managed Services and Professional Services); Communication Network Technology (Tetra Network, Fiber-Optic based Communication Network, Microwave Communication Network, Cellular Communication Network, and VSAT Communication Network); Field Sit (Onshore Communications and Offshore Communications); and Solution (Midstream Communication Solutions, Downstream Communication Solutions, and Upstream Communication Solutions)

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The oil and gas industry is accelerating rapidly in terms of technology adoption as well as better user expectations for reliable, high-performance connectivity. The network users working at offshore/onshore expect fast and uninterrupted internet connectivity across the area. Although IoT is not new to the oil & gas industry, the firms associated with the energy sector are always looking for new techniques to increase efficiency and create competitive advantages through automation and real-time data analysis. Satellite communications technology is highly available, providing coverage ubiquitously. 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 Oilfield Communications market growth. 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.

Major vendors covered in this report:
• ABB Ltd.
• Airspan Networks Inc.
• BAKER HUGES INCORPORated
• Ceragon Networks Ltd.
• CommScope Holding Company, Inc.
• Commtel Networks Pvt. Ltd.
• Huawei Technologies Co. Ltd.
• Hughes Network Systems LLC
• Inmarsat plc
• RAD Data Communications
• Rignet, Inc.

Oilfield communications Market Insights
Increasing demand for reliable technologies
There is a rising necessity for reliable and high-speed communications technology in both onshore as well as offshore locations. Steadfast communication is required for supporting mission critical operations in the oilfields. It is also required that the infrastructure supports the welfare of the crew, thereby enabling the workers in accessing the desired internet services. Further it also aids in the enhancement of health and safety policies. Satellite connectivity plays a vital role in remote environments. It is used both as a primary communication source and as an independent link for back-up for the sites that are deploy terrestrial connectivity. The emergence of satellites with high throughput help in extending automation to all the operations in the filed including supply, remote maintenance, live data processing, and decision making.

Oilfield communications Market - by Services
• Managed Services
• Professional Services

Oilfield communications Market - by Communication Network Technologies
• Tetra Network
• Fiber Optic-Based Communication Network
• Microwave Communication Network
• Cellular Communication Network
• VSAT Communication Network

Oilfield communications Market - by Field Site
• Onshore Communications
• Offshore Communications

Oilfield communications Market - by Solution
• Midstream Communication Solutions
• Downstream Communication Solutions
• Upstream Communication Solutions

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Major Features of Oilfield Communications Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Oilfield Communications market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Oilfield Communications market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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