Pune, India -- (SBWIRE) -- 08/25/2018 -- The knowledge of market definition, classifications, applications and market trends can make a huge a difference in the Oil field Communications Market. The Oil field Communications Market is changing because of the key players and brands which make moves like developments, product launches, joint ventures, merges and accusations that in turns changes the view of the global face of Information and Communication Technology industry.
The Global Oil field Communications Market accounted for USD 2.9 billion in 2016 growing at a CAGR of 7.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Oil field Communications Market By Geography, Solution, Communication Network Technology (Cellular Communication, VSAT, Fiber Optic, Microwave, and Tetra Network), Field Site (Onshore, Offshore), Service(Professional, Managed)- Industry Trends and Forecast to 2024
Competitive Analysis:
The report for Global oil field Communications Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Major Market Competitors:
- Hughes Network Systems LLC.,
- ITC Global,
- Huawei Technologies Co., Ltd.,
- RigNet,
- Redline Communications,
- ERF Wireless,
- Inmarsat plc.,
- Hermes Datacommunications International Ltd,
- Hughes Network Systems LLC,
- Halliburton ,
- Harris CapRock,
- among others.
Major Market Drivers and Restraints:
- Improved Communication Solutions
- Improvements In Higher Bandwidth Capabilities
- Low Latency Issues
- Focus on Shale Gas Development
Market Segmentation:
On the basis of solution:- M2M communication, asset performance communications, unified communications, VoIP (Voice over Internet Protocol) solutions, video conferencing, pipeline supervisory control and data acquisition (SCADA), fleet management communication, oilfield to control center data communication and Wi-Fi hotspot.
On the basis of communication network technology:- cellular communication network, VSAT (Very Small Aperture Terminal) communication network, fiber optic-based communication network, microwave communication network and tetra network.
By field site: - Onshore communications and offshore communications.
By service: - Professional services and managed services.
On the basis of geography:-
- North America,
- South America,
- Europe,
- Asia-Pacific and Middle East & Africa.
Top Country:-
- US.,
- Canada,
- Germany,
- France,
- UK.,
- Netherlands,
- Switzerland,
- Turkey,
- Russia,
- China,
- India,
- South Korea,
- Japan,
- Australia,
- Singapore,
- Saudi Arabia,
- South Africa,
- Brazil
- among others.
In 2017, North America is expected to dominate the market.
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