Global Oilfield Communications Market 2015-2019
About Oilfield Communications
Oilfield communication comprises all communication technologies used in oilfields. These communication technologies provide support to the oil and gas companies that require advanced automation, monitoring, and reporting technology. Oilfield communications need a reliable and efficient wireless network that is able to function over long distances and under harsh weather conditions. Oilfield communication networks and technologies provide lightning broadband speeds, thereby supporting multiple applications that ultimately improve the operational efficiency and safety of the oilfield operations in a cost-effective manner.
TechNavio's analysts forecast the Global Oilfield Communications market to grow at a CAGR of 5.7 percent over the period 2014-2019.
Covered in this Report
TechNavio's report, Global Oilfield Communications Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Oilfield Communications market landscape and its growth prospects over the coming years. The report also includes the segmentation of Global Oilfield Communications market on the basis of technology. The report also includes the geographical segmentation of the Global Oilfield Communications market. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Oilfield Communications Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Oilfield Communications Market: Alcatel-Lucent International, ERF Wireless, Inc., Harris CapRock Communications, Inc., Hermes Datacommunications International Ltd. and Huawei Technologies Co. Ltd.
Other Prominent Vendors in the market are: Hughes Network Systems, Inmarsat, Itc Global and Rignet.
Commenting on the report, an analyst from TechNavio’s team said: “Increased investments in oilfield communication technologies such as VSAT, fiber optic communications, and cloud services by market vendors are expected to improve the efficiency of oil and gas facilities. It is expected that with increased investments, technology will improve, thereby reducing the scope of challenges and problems.”
According to the report, the implementation of smart and efficient digital oilfields is one key factor driving market growth. There has been an increased focus on the implementation of smart digital oilfields, which is more robust and reliable compared to existing oilfields in communication infrastructures and in other operational areas.
Further, the report states that cyber security threats to oilfield communication networks are a serious concern. The oilfield is connected to various networks because of the need to integrate different technologies, which exposes it to virus attacks and potential mishandling of software or hardware by engineers or operators.
Alcatel-Lucent International, Erf Wireless, Harris Caprock Communications, Hermes Datacommunications International, Huawei Technologies, Hughes Network Systems, Inmarsat, Itc Global, Rignet