The global offshore oil and gas communication market is expected to grow at a significant CAGR during the forecast period. Improved communication technologies have changed offshore industrial operations, allowing for completely subsea projects and distant unmanned operations. Several communication technologies are currently available that may be used individually or as part of a system to address offshore communication problems. Not only do real-time communication networks enable personal mobile phone usage and Wi-Fi access, however, they also allow for real-time data transmission from offshore to onshore workplaces.
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The only means of communication between offshore facilities and onshore sites was a two-way radio channel and daily reports. Offshore oilfield employees were practically shut off from the rest of the world. The offshore sector, on the other hand, has been changed by technical improvements in communication technology. Improved communication technologies have enabled entire subsea developments and remote unmanned offshore sector operations. With more oil and gas projects being developed throughout the globe, the global offshore oil and gas communications market is expected to grow.
In April 2018, Siemens collaborated with Aker Solutions, a multinational engineering firm located in Norway, the partnership was anticipated to strengthen Siemens’ offshore communication product offerings by combining Aker Solutions’ extensive expertise of upstream oil and gas projects with its domain-specific digitalization services.
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Market Coverage
- Segment Covered-
o By Component
o By Communication Network
o By Application
- Competitive Landscape- ABB Ltd., Alcatel Lucent SA, AT&T Inc., Huawei Technologies Co. Ltd, and Siemens AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Offshore Oil and Gas Communication Market by Segments
- By component
- Solutions
- Services
- Professional Services
- Managed Services
- By communication network
- VSAT Communication Network
- TETRA Communication Network
- Cellular Communication Network
- Fibre Optic-based Communication Network
- Microwave Communication Network
- By application
- Upstream
- Midstream
- Downstream
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