HOME Press Releases Oilfield Communications Market worth 4.46 Billion USD by 2022



Oilfield Communications Market worth 4.46 Billion USD by 2022


The report "Oilfield Communications Market by Solution, Communication Network Technology (Cellular Communication, VSAT, Fiber Optic, Microwave, and Tetra Network), Field Site, Service, and Region - Global Forecast to 2022", The global oilfield communications market size is estimated to grow from USD 3.05 Billion in 2017 to USD 4.46 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.9%. Integration of departments in the oil and gas industry and increasing significance of cyber security are some of the driving factors of the oilfield communications market.

     Download PDF Brochure     Speak to Analyst     Inquiry Before Buying

Browse 66 market data tables and 68 figures spread through 145 pages and in-depth TOC on "Oilfield Communications Market by Solution, Communication Network Technology (Cellular Communication, VSAT, Fiber Optic, Microwave, and Tetra Network), Field Site, Service, and Region - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/oilfield-communications-market-247995454.html
Early buyers will receive 10% customization on reports.

Fleet management communication to play a key role in the oilfield communications market by 2022

The fleet management communication and pipeline Supervisory Control and Data Acquisition (SCADA) segments have the largest market share in the oilfield communications solution market during the forecast period. The market share is expected to grow due to the adoption of advanced communication solutions and increasing investment in cost-effective digital oilfield solutions by the oil and gas industry. M2M communication has the highest market growth rate during the forecast period.

Microwave communication network is expect to have the highest growth rate

Among oilfield communications network technology market, the microwave communication network segment is expected to grow at the highest rate as it provides uninterrupted and secured communication services, whereas VSAT communication network is the second fastest growing market during the forecast period.

The North American region is expected to contribute the largest market share in the oilfield communications market

North America is expected to hold the largest market share in the oilfield communications market during the forecast period. North America is the pioneer in this market and is expected to grow at a highest rate as it is the largest oil and gas producer with companies seeking advanced digital communication solutions for their onshore and offshore field operations.

Major vendors in the oilfield communications market are Huawei Technologies Co. Ltd (Guangdong, China), Siemens AG (Munich, Germany), SpeedCast International Limited (Hong Kong, China), ABB Ltd. (Zurich, Switzerland), CommScope (North Carolina, US), Inmarsat Plc (London, UK), Tait Communications (Christchurch, New Zealand), Baker Hughes Incorporated (Texas, US), Alcatel-Lucent S.A. ( Boulogne-Billancourt, France), Ceragon Networks Ltd. (New Jersey, US), RAD Data Communications, Inc. (Tel Aviv, Israel), RigNet Incorporated (Texas, US), Hughes Network Systems (Maryland, US), Airspan Networks (Florida, US), and Commtel Networks, Inc, (Mumbai, India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports