New York City, NY, May 5, 2017/24 Market Reports: Oilfield communications technologies and solutions are defined and judged by the capability to reduce the time, cost and required expertise to enable communication between oilfields in harsh environments. The solutions are primarily responsible for achieving the high operational efficiency targets set by the oil and gas companies. This market considers revenue from communication network technologies, solutions, field sites, and services for oilfield communication.
Communication network technology serves as a communication linkage and performs interconnectivity across heterogeneous operation systems and telecommunication networks. The communication network technology market is subdivided into five segments, namely, cellular network, VSAT network, fibre opticbased communication network, microwave communication network and TETRA network. Services refer to the major services offered by oilfield communications vendors such as professional services, cloud hosting, and system integration services. Solutions comprise upstream communications solutions, midstream communications solutions, and downstream communications solutions. The oilfield communications market by field site consists of onshore and offshore markets.
Though the market is approaching a maturity stage, still it is evolving at a moderate pace with the discovery of new offshore oilfields in the South American and MEA regions. The major vendors such as Alcatel-Lucent, ERF Wireless, Harris CapRock, Hermes Data Communications, Huawei Technologies, and RigNet are looking for strategic partnerships and agreements along with mergers and acquisitions to expand their presence and gain a bigger market share. Recent developments such as multi-million dollar contracts signed by RigNet and Harris CapRock and acquisition of companies such as Octoplan by Alcatel-Lucent, PureWave Networks by RedLine Communication LLC. are the live testimonials of the expansion strategies adopted by companies.
Across the regions, North America already has a well-established oilfield communications market with extensive implications across its oil and gas industry. North America and MEA both are growing at a moderate rate; however, Europe and APAC are observing incremental growth and are significantly showcasing a rise in the adoption of oilfield communications technology.
The oilfield communications research report outlines the key trends and market sizing, and forecasting for emerging technologies for oilfield communications sector. The report also emphasizes on key global adoption trends, future growth potential submarkets, key drivers, competitive outlook, restraints, opportunities, and oilfield communications market ecosystem. Some of the potential and emerging technologies and solutions for oilfield communications include Machine to Machine (M2M) communication, unified communication, video conferencing, and WiMax.