Oilfield Communications Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Oilfield Communications Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Technology & Media | PPT format

Report Digest


Global Oilfield Communications Market: Snapshot

Oilfield communications need seamless wireless networks that can offer connectivity across long distances and in difficult conditions. They provide speedy broadband connectivity that helps to run numerous applications simultaneously. In this manner they help to achieve operational efficiency. The market for oilfield communications has made impressive strides over the past few decades due to improving technologies and large number of oilfields being discovered.

The billion dollar market is expected to make healthy progress over the next couple of years too because of the discovery and development of offshore subsea oilfields and continued progress in technology. The mounting cybersecurity threats and addition of various departments to the industry is also expected to offer avenues of growth to the market.

Among the various geographic regions across which the market for oilfield communications is spread, North America is contributing the most to its growth. This is because the continent is a major producer of oil and gas and is a technology leader too. Many of the big companies focused on improving digital communication are domiciled in the region and hence are driving the market considerably.

The developing economies across the world too are playing a key role in generating demand. Many of the savvy players, as a result, have now shifted their gaze to towards them in order to make a killing.

Overall the market for oilfield communication is highly competitive owing to the surging number of players pulling out all stops to progress. They are seen focusing on cutting edge research and development to build more sophisticated technologies. To that end they are pouring money into building state-of-the-art research facilities and hiring high-skilled employees to come up with effective communication and cyber-security solutions. This will enable the market to clock steady growth over the course of next few years.

Global Oilfield Communications Market: Overview

The global market for oilfield communication is expected to grow at a strong pace in the next few years. A substantial rise in the number of oil fields across the globe is projected to encourage the growth of the overall market in the next few years. Moreover, the rising emphasis on development and adoption of new and effective communication techniques are anticipated to benefit the key players in the market across the globe.

Global Oilfield Communications Market: Key Trends

The increasing vulnerabilities to cybersecurity threats for the oil and gas industry are anticipated to augment global oilfield communications market in the coming years. Moreover, the integration of several departments in the industry is likely to offer potential opportunities for growth in the next few years. On the flip side, the stringent regulatory framework and the rising risk of inadequate data security and asset security are projected to curtail the growth of the global oilfield communications market in the near future.

Global Oilfield Communications Market: Market Potential

The discovery and development of new subsea oilfields are the key factors that are anticipated to encourage the growth of the global oilfield communications market throughout the forecast period. In addition, the growing demand for advanced and cost-effective solutions in the overall oil and gas industry is predicted to supplement the growth of the market in the coming years. The research and development activities and the emergence of new techniques are some of the other aspects that are projected to fuel the growth of the market in the near future. However, the security of information is expected to act as a key challenge for the key players in the global market.

Global Oilfield Communications Market: Regional Outlook

The global oilfield communications market has been classified on the basis of geography in order to provide a clear understanding for readers and market players. Among the regional segmentation, North America is anticipated to witness a high level of growth in the next few years. This region is considered as one of the major oil and gas producers across the globe, owing to which the market is estimated to encourage the growth of the market in the coming years. In addition, the rising focus of key players on enhancing their digital communication solutions is predicted to supplement the development of the market in the near future.

Furthermore, the oilfield communications market is estimated to experience a healthy growth in several emerging nations across the globe. The rising focus of the leading players on untapped markets is predicted to generate promising opportunities for key players operating in the oilfield communications market over the forecast period.

Global Oilfield Communications Market: Competitive Analysis

The global market for oilfield communications is fairly competitive in nature and is predicted to witness substantial growth throughout the forecast period. The increasing number of players in the market is estimated to enhance the competitive landscape of the market over the next few years. In addition, the growing focus on research and development activities and innovations are predicted to contribute towards the overall development of the market in the near future.

Some of the prominent players operating in the oilfield communications market across the globe are Siemens AG, Rad Data Communications, Inc., Airspan Networks, Inc., Commtel Networks Pvt. Ltd., Inmarsat PLC, Baker Hughes Incorporated, Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., Rignet, Inc., Speedcast International Limited, Tait Communications, Hughes Network Systems LLC, Commscope, Inc., ABB Ltd., and Ceragon Networks Ltd. Detailed profiles of the mentioned players have been included in the scope of the research report.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.