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

  • Single User License $3500

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

Status : August, 2021 | Technology & Media

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?