Oilfield Communications Market 2026 Comprehensive Analysis By Top Key Players Are ABB, Airspan Networks, Baker Hughes, Ceragon Networks, CommScope

According to the new research report published by The Insight Partners, titled "Oilfield communications - Global Analysis and Forecast to 2026", the global oilfield communications market is expected to reach US$ 6812.7 million in 2026, registering a CAGR of 8.74% during the forecast period 2019-2026.This Oilfield Communications Market report provides with an actionable market insight to the clients with which they can make out the sustainable and profitable business strategies. This report highlights the company profile, product specifications, capacity, production value, and market shares for each company for the forecast period. Information and data provided in this Oilfield Communications report can be very important for Oilfield Communications industry when it comes to dominate the market or generate a mark in the market as a new emergent. Moreover, the prerequisites of Oilfield Communications industry have been understood at the fullest to endow them with the premium market research report.

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Global Oilfield Communications Market Insight:

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.

In the recent few years, oilfield communications market has noticed noteworthy M&A and partnership activity. Some of the significant deals include, in 2019 Airspan Networks Inc. and CTIconnect collaborated to Help Wisp's and Rural Carriers. This partnership is expected to give their clienteles access to the leading edge and entire range of the Airspan portfolio of products and services, while leveraging the strong market position of CTIconnect. In the similar year, another initaitaive is taken by CertifiedSafety and RigNet Inc. In this, both the companies has signed a partnership agreement to introduce a new, state-of-the-art solution that integrates CertifiedSafety's "SmartConnect" connected worker solution with RigNet's IntelieLive platform. Another initiative in respect to acquisition is undertaken by CommScope completed its acquisition of ARRIS International plc. Through this acquisition, CommScope is anticipated to drive profitable growth in new markets and shape the future of wired and wireless communications in 2019.

The Key Players In The Global Oilfield Communications Market Are: ABB, Airspan Networks, Baker Hughes, Ceragon Networks, CommScope, Commtel Networks , Huawei Technologies, Nessco, a RigNet Company

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Based on communication network technologies, the VSAT communication network is expected to dominate the oilfield communications market during the forecast period followed by fiber optic-based communication network and tetra network. The VSAT communication network captures a significant share of the oilfield communications network market and is growing continuously due to plenty of VSAT solutions are provided for oil industry such as telephony, Internet, SCADA/M2M services, file transfer, and VPN services. These services are used by exploration teams, drilling crews, production teams, oil refineries, tanker fleets, pipeline operators, remote offices, and various offshore applications.

Key findings of the study:

The US holds the largest oilfield communications market share in the North America region. The US is witnessing a drastic boom in the energy and oil sector and has raised the production of oil and gas in North America. The strong productivity in oilfield has also increased the demand for digital oilfield to face complex challenges faced by support staff, field personnel, accounting personnel, and more. Digital oilfield facilitates oil & gas companies to improve their business processes quickly and increase overall productivity. This factor would help the US market to sustain its share in the oilfield communications market.

In APAC region, India is expected to be the fastest growing country. the region is witnessing a massive demand in oil & gas industry driven by industrialization and urbanization. High demand from the users has propelled the entire oil & gas industry towards growth and has resulted in more oil & gas projects. Few steps are undertaken for development purpose of the offshore oilfields. The government of India allowed 100% of FDI in many of the areas including petroleum products, natural gas, refineries, and others. The increasing investments, building new gas terminals, and growth in strategic contracts with the developed markets is expected to drive the market in India.

The report segments the global Oilfield Communications Market as follows:

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);

By Field Sit (Onshore Communications and Offshore Communications)

By Solution (Midstream Communication Solutions, Downstream Communication Solutions, and Upstream Communication Solutions)

Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Oilfield Communications Market
• Key market trends cracking up the growth of the Oilfield Communications Market
• Challenges to market growth.
• Key vendors of Oilfield Communications Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Oilfield Communications Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region

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Contact Us:

If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.