Oilfield Communications Market Size : Technological Advancement and Growth Analysis with Forecast to 2027
Category: #business  By Partha Ray  Date: 2019-09-11
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Oilfield Communications Market Size : Technological Advancement and Growth Analysis with Forecast to 2027 The 'Oilfield Communications market' research added by Market Study Report, LLC, is essentially an exhaustive review of present and future trends of this business sphere. The report also collates a concise outline of industry share contenders, market share, market size in terms of value and volume, distribution channel, and geographical spectrum along with revenue predictions of the industry landscape.

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The global oilfield communications market was valued at US$ 3.50 Bn in 2018 and is expected to reach US$ 6.81 Bn by 2026 with a CAGR growth rate of 8.74% in the forecast period from 2019 to 2026.

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. 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. Oilfield communications require a consistent and competent wireless network that can function over long distances and under harsh weather conditions, and this is driving the growth for Oilfield communications. 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.

Key Points Covered in The Oilfield Communications Market Research Reports:

  • Industry Overview:Definition, Brief Introduction of Major Classifications, Applications, Major Regions.
  • Production Market Analysis: Oilfield Communications Market Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis, Major Manufacturers Performance and Market Share, Regional Market Performance and Market Share.
  • Sales Market Analysis: Sales Volume, Sales Price and Sales Revenue Analysis, Regional Sales Market Analysis.
  • Consumption Market Analysis: Consumption Volume Analysis, Regional Consumption Market Analysis, Regional Market Performance and Market Share.
  • Production, Sales and Consumption Market Comparison Analysis:By Regional Oilfield Communications Market Performance and Market Share.
  • Major Manufacturers Production and Sales Market Comparison Analysis: and Regional Major Manufacturers Production and Sales Market Comparison Analysis.

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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 oilfield communications market growth. However, factors such as strict government regulatory norms and probable risk in data and asset security are hindering the growth of oilfield communications market. Growing demand for cost-effective solutions in the oil and gas industry provides ample of opportunities for oilfield communications market growth. In addition to this, increasing the need for cybersecurity in the oil & gas industry is influencing the market growth. In the global oilfield communications market, Asia Pacific is anticipated to grow with the highest CAGR during the forecast period majorly due to the rising investments in R&D activities and rapidly increasing oilfield excavation activities in this region.

The oilfield communications market globally is segmented by services into managed services and professional services; by communication network technology into tetra network, fiber-optic based communication network, microwave communication network, cellular communication network, and VSAT communication network; by field site into onshore communications and offshore communications; and by solution into midstream communication solutions, downstream communication solutions, and upstream communication solutions. Geographically, the oilfield communications market is divided into five regions including North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The overall oilfield communications market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the oilfield communications market. Also, multiple primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the oilfield communications technologies.

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY
1.1 GLOBAL OILFIELD COMMUNICATIONS MARKET FORECAST AND ANALYSIS
1.2 MARKET SEGMENTATION
1.2.1 Services Covered
1.2.2 Communication Network Technologies Covered
1.2.3 Field Site Covered
1.2.4 Solution Covered
1.2.5 Regions Covered
2. PREFACE
2.1 ABSTRACT
2.2 STAKEHOLDERS
2.3 RESEARCH SCOPE
2.4 RESEARCH METHODOLOGY
2.5 DATA MINING
2.6 DATA ANALYSIS
2.7 DATA VALIDATION
2.8 RESEARCH APPROCH
2.9 SECONDARY RESEARCH
2.10 PRIMARY RESEARCH
3. OILFIELD COMMUNICATIONS MARKET - MARKET TREND ANALYSIS
3.1 DRIVERS
3.1.1 Increasing demand for reliable technologies
3.1.2 Proliferation of digital infrastructure
3.2 RESTRAINTS
3.2.1 Instability in the oil & gas industry leading to lesser investments in the communication technologies
3.3 OPPORTUNITIES
3.3.1 Large number of ongoing projects

3.4 THREAT
3.4.1 Increasing concerns related to cyber security
3.5 EMERGING MARKETS
3.6 FUTURISTIC MARKET SCENARIO
3.6.1 Technological advancements
4. PORTERS FIVE FORCE ANALYSIS
4.1 PORTERS FIVE FORCE OVERVIEW
4.2 BARGAINING POWER OF BUYERS
4.3 BARGAINING POWER OF SUPPLIERS
4.4 THREATS TO SUBSTITUTES
4.5 THREATS TO NEW ENTRANTS
4.6 COMPETITIVE RIVALRY
5. OILFIELD COMMUNICATIONS MARKET REVENUE AND FORECASTS TO 2026 -
BY SERVICE
5.1 INTRODUCTION
5.2 OILFIELD COMMUNICATIONS MARKET BREAKDOWN, BY SERVICE, 2018 & 2026
5.3 MANAGED SERVICES MARKET
5.3.1 Overview
5.3.2 Managed Services Market Revenue and Forecasts to 2026 (US$ Mn)
5.4 PROFESSIONAL SERVICES MARKET
5.4.1 Overview
5.4.2 Professional Services Market Revenue and Forecasts to 2026 (US$ Mn)
6. OILFIELD COMMUNICATIONS MARKET- BY FIELD SITE
6.1 INTRODUCTION
6.2 OILFIELD COMMUNICATIONS MARKET BREAKDOWN, BY FIELD SITE,
2018 & 2026
6.3 ONSHORE COMMUNICATIONS MARKET
6.3.1 Overview
6.3.2 Onshore Communications Market Revenue and Forecasts to 2026 (US$ Mn)
6.4 OFFSHORE COMMUNICATIONS MARKET
6.4.1 Overview
6.4.2 Offshore Communications Market Revenue and Forecasts to 2026 (US$ Mn)

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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