Global oilfield communications market is estimated to grow from USD 2.6 Billion in 2015 to USD 3.7 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 7.4%. On geographical grounds, North America (NA) is forecast to be the biggest market for oilfield communications market, followed by Middle East and Africa (MEA).
The oil and gas companies have undertaken exploration drives to discover new oil reserves in order to supply greater production volumes to meet the global demand. These production and operational expansions of the oil and gas industry have led to the discovery of new offshore and shale oil reserves in the regions of South America and Amazon basin. The major concern with oil companies these days is to establish a robust communication network and sustain the harsh conditions and environment in deserts and deep ocean waters. As major oil exploration companies are setting their operations in remote and harsh fields, the demand for high bandwidth communication solutions is on the rise. Due to these growing requirements, most of the largest oil exploration companies are upgrading their exploration and production, and downstream process on the oilfields. Browse 79 market data tables & 52 figures spread through 176 pages and in-depth TOC on "Oilfield Communications Market" at http://www.rnrmarketresearch.com/oilfield-communications-market-by-communication-technologies-cellular-network-voip-unified-communications-m2m-microwave-communication-wimax-vsat-tetra-fiber-optics-wan-lan-band-type-l-band-ku-band-hts-global-forecast-to-2020-market-report.html .
The deployment of advanced oilfield communication technologies and solutions such as VSAT, WiMax, TETRA networks enable oil and gas companies to reduce their overall costs significantly. Various other factors such as increasing demand for offshore oilfield communication solutions, increasing ICT expenditure, and telecom-based technological growth are catalyzing the overall growth of the oilfield communications market globally.
Companies profiled in this research report are Alcatel-Lucent International, ERF Wireless Inc., Harris Caprock Communications Inc., Hermes Datacommunications International Ltd., Huawei Technologies Co. Ltd., Hughes Network Systems LLC, Inmarsat PLC, ITC Global, Redline Communications Inc., and Rignet Inc. Order a copy of ‘Oilfield Communications Market’ research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=401005 .
Key Points Covered in “Oilfield Communications Market by Communication Technologies (Cellular Network, VoIP, Unified Communications, M2M, Microwave Communication, WiMax, VSAT, TETRA, Fiber Optics, WAN, LAN), Band Type (L Band, Ku Band, HTS) - Global Forecast to 2020” research report are:
- Market Definition
- Market Scope
- Market Breakdown and Data Triangulation
- Attractive Market Opportunities in the Oilfield Communications Market
- Life Cycle Analysis
- Market Segmentation
- Market Dynamics
- Value Chain Analysis
- Porter’s Five Forces Analysis
- Competitive Situation and Trends
- Key Companies Profile
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