Global Oil Field Communications Market, By Solution (M2M Communication, Asset Performance Communication, Unified Communication, VoIP Solutions, Video Conferencing, Pipeline Supervisory Control and Data Acquisition, Fleet Management Communication, Oilfield to Control Centre Data Communication, Wi-Fi Hotspot and Others), Communication Network Technology (Cellular Communication Network, VSAT Communication Network, Fibre Optic-Based Communication Network, Microwave Communication Network and Tetra Network), Field Site (Onshore Communications and Offshore Communications), Service (Professional Services and Managed Services), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Increasing adoption of effective communication technologies and increased integration of departments in the oil and gas industry are the major factors attributable to the growth of oil field communications market. Data Bridge Market Research analyses that the oil field communications market will exhibit a CAGR of 7.16% for the forecast period of 2021-2028. This signifies that the oil field communications market value will rise up to USD 7.01 billion by the year 2028.
From the name itself, it is clear that oil field communication is a technology that is adopted and installed with a view to promote effective and smooth communication and to provide support or assistance to the various oil and gas companies. The oil field communication technology provides lightning broadband speed, enhance the cost-effectiveness of operations and security of oilfield activities.
Rising vulnerabilities to cyber security threats for oil and gas industry is a key oil field communications market growth driving factor. Increasing demand of cloud-based service coupled with rising focus on the adoption of effective communication technologies will further aggravate the demand for oil field communications. Rising investments in enhancing network infrastructure and growth and expansion of oil and gas industry will create more lucrative growth opportunities for the oil field communications market.
However, rising concerns related to inadequate data security, asset security, and cyber-attack issues will act as a growth restraint for the oil field communications market. Oil price instability will further dampen the growth rate of the oil field communications market. High costs to uphold this process will further challenge the oil field communications market growth.
This oil field communications market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on oil field communications market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Oil Field Communications Market Scope and Market Size
The oil field communications market is segmented on the basis of solution, communication network technology, field site and service. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of solution, the oil field communications market is segmented into M2M communication, asset performance communication, unified communication, VoIP solutions, video conferencing, pipeline supervisory control and data acquisition, fleet management communication, oilfield to control centre data communication, Wi-Fi hotspot and others.
- On the basis of communication network technology, the oil field communications market is segmented into cellular communication network, VSAT communication network, fibre optic-based communication network, microwave communication network and tetra network.
- On the basis of field site, the oil field communications market is segmented into onshore communications and offshore communications.
- On the basis of service, the oil field communications market is segmented into professional services and managed services.
Global Oil Field Communications Market Country Level Analysis
The oil field communications market is analysed and market size, volume information is provided by country, solution, communication network technology, field site and service as referenced above.
The countries covered in the oil field communications market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the oil field communications market and its market share will continue to expand during the forecast period owing to the rising adoption of advanced technologies and higher demand and usage of these technologies in large oilfields and offshore sites. Asia-Pacific on the other hand will project the highest growth rate during the forecast period. This is because of the rapidly expanding oilfield excavation activities in the region.
The country section of the oil field communications market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oil Field Communications Market Share Analysis
The oil field communications market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oil field communications market.
The major players covered in the oil field communications market report are Huawei Technologies Co., Ltd., Siemens, Inmarsat Global Limited, Tait Communications, Baker Hughes Company, ALE International, ALE USA Inc., RigNet, Inc. and Viasat Inc., Ceragon, RAD, Hughes Network Systems, LLC, Airspan Networks., Commtel Networks., ITC GLOBAL, Halliburton Energy Services, Inc., L3Harris Technologies, Inc., ERF Wireless, Inc., Redline, SENSIA and Ondaka among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.