The Global Oilfield Communication Market is expected to grow at a significant CAGR during the forecast period. The technology that is used to collect data and information required by the oil and gas sector, from field locations and send it over communication networks, is known as oilfield communications. These communication systems support major oil companies that require advanced technologies for tracking, reporting, and automation. Furthermore, oilfield communications require a strong and dependable wireless network that can function over long distances and in rough weather. Oilfield communications systems and techniques support different apps to deliver fast internet speed, enhancing the cost-effectiveness and security of oilfield services.
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Oil companies are compelled to use oil field communication as cloud-based services become more widely adopted. This keeps their offshore sites in contact with their inshore sites regarding production statistics, allowing for improved supply chain management. For oil companies, a smooth flow of materials is essential because their profitability is heavily dependent on turnover, and downtime should be avoided. The growing adoption of cloud-based services will drive the oilfield communication market growth globally.
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Market Coverage
- Segment Covered-
o By solution
o By Technology
o By Field site
- Region covered
o North America
o Europe
o Asia-pacific
o Rest of world
- Competitive Landscape- Alcatel Lucent SA, Huawei Technologies Co. Ltd., Siemens AG, Speedcast International Limited, and Rad Data Communications Inc., 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 Oilfield Communication Market by Segments
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
- Others
By Technology
- Cellular Communication Network
- VSAT Communication Network
- Fibre Optic-Based Communication Network
- Microwave Communication Network
- Tetra Network
By Field site
- On-shore Communication
- Off-shore Communication
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