What Factors Increased the Demand of Oilfield Communication Market Here's the Answer!
Global Oilfield Communication Market is expected to grow at a CAGR of around 8% from 2017 to 2025. Oilfield communication refers to communication solutions that provide support to the oil & gas companies that need continuous information about production processes, advanced monitoring, oil exploration, automation, and reporting technology.
Portland, OR -- (SBWire) -- 12/27/2017 --Global Oilfield Communication Market is expected to grow at a CAGR of around 8% from 2017 to 2025. Oilfield communication refers to communication solutions that provide support to the oil & gas companies that need continuous information about production processes, advanced monitoring, oil exploration, automation, and reporting technology.
Based on solutions, the Oilfield Communication Market is divided into upstream communication solutions, mid-stream communication solutions, and downstream communication solutions. By services, it is classified into professional services, cloud hosting services, and system integration services. Based on communication network technologies, market is segmented into cellular communication network, very small aperture terminal network, fiber optic based communication network, microwave communication network and TETRA network. On the basis of field site, the market is segmented into onshore communication network and offshore communication network. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
Rise in need for advanced communication technologies that empower oil companies to get, transfer, and process information with high accuracy
TVWS networks that enable oil and gas companies to reduce their overall costs significantly
Rapid consumption of gas and petroleum resources
Restraints:
Stringent regulations and compliances over the oil and gas industry
Market Players:
The top players in the global oilfield communication market include Alcatel-Lucent International, ERF Wireless Inc., Harris Caprock Communications Inc., Hermes Data Communications International Ltd., Huawei Technologies Co Ltd., Hughes Network Systems Llc, Inmarsat PLC, ITC Global, Rignet Inc., and Redline Communications Inc.
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MARKET LANDSCAPE
By Solutions
Upstream communication
Operational data communication solutions
Integrated communication technology solutions
On-Site network connectivity solutions
Midstream communication
Pipeline Supervisory Control and Data Acquisition (SCADA)
Fleet management communication
Unified communication for pipeline transportation
Downstream communication
Oilfield to Control Centre Data Communication
Wireless communication for intelligent refineries
By Services
Professional services
Cloud hosting services
System integration services
By communication network technologies
Cellular communication network
Very Small Aperture Terminal (VSAT) Network [Managed, fixed and mobile VSAT]
Fiber optic based communication network
Microwave communication network
TETRA network
By field site
Onshore communication market
Offshore communication market
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
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