The International Energy Agency states, United States is expected to be the world’s biggest oil producer and exporter by 2030, and also achieve self-sufficiency by 2035. This huge possibility is a result of surge in exploration and drilling activities in next-to-inaccessible geographical locations.
The remote location brings about communication challenges which in turn will the much-needed impetus for the oilfield communications market. This challenge is the biggest opportunity for oilfield communications market to show its potential and encash on its profitability. The oilfield communications market plays a crucial role in transmission of large amounts of critical, time-sensitive exploratory and operational data.
Read More :- http://goo.gl/VwVDnL
The onsite and offshore complex filed operations and data requirements at multiple locations along with massive collaborative work, demands good network communications for smooth workflow. The rough terrains, underground explorations, drilling and digging activities and downstream operations often compounds the problems of oilfield communications. However, despite such a background, there continues to be a rising demand for oil. Owing to these reasons in the past few years, oilfield communications market solutions have witnessed a great demand. With innovative technologies such as cyber security, video conferencing, cloud services and desperate need for reliable and fast communication setup are also fueling the growth of oilfield communications market.
Innovative Technology Takes Over Manual Labor
The oilfield communications market operators are looking at developing innovative and advanced technologies so as to replace manual labor onsite. The other perspective of employing smart oilfield communications technology is to avoid chances of accidents too. The new applications in the process of research and development will be monitored by a simple remote working on a high bandwidth. For instance, while drilling on deep-water platforms, companies have to invest huge sums of money amounting in millions of dollars along with other equipment to enable remote control over systems that are miles away.
Fiber-optic communication networks and very small aperture terminal (VSAT) are commonly used in oilfield communications market, especially in the oil and gas value chain for data and voice communication. However, usage of systems such as video conferencing, cloud services, and cyber security add to the stress of communication infrastructure onsite. The other variable components that oilfield communications technology uses include integration, reliability, openness, security, scalability, and control.
Market Watch for Oilfield Communications Market
The global oilfield communications market is expected to at an approximate CAGR of over 3% in the next five years. Some of the key technologies and solutions in the global oilfield communications market are machine to machine (M2M) communication, video conferencing, WiMAX, and unified communication. Additionally, with adoption of advanced communication technologies in the entire oil and gas segment is going to add to the growth of oilfield communications market and improve the operational efficiency of most the oil and gas companies. Some of the key players impacting the growth of oilfield communications market are Hughes Network Systems LLC., Redline communications, Erf Wireless Inc., Inmarsat, Alcatel-Lucent International, Huawei Technologies Co. Ltd., Hermes Datacommunications International Ltd., Harris Caprock Communications Inc., and RigNet.
In the competitive oilfield communications market, data of extremely precious and time is a luxury that companies can barely afford. The reliable and fast networking enabled by oilfield communications market is going to transform and revolutionize the way onshore and offshore activities take place. The growth of oilfield communications market will improve productivity, safety, and security of those working in tough conditions. The availability of high-speed communications will also maximize work optimization, improve technical support, and help in delivering unequalled performances to end-users and clients.
Enquiry Before Downloading :- http://goo.gl/RmvYv0
For more information:
News From
Transparency Market Research Category: Industry Reports & Market Analysis Profile: TMR provides a range of marketing and business research solutions designed for your specific needs. From off-the-shelf syndicated business And market research to made-to-order custom research, we serve our clients to fulfill their immediate as well as ongoing research requirements. We specialize in the following areas: Syndicated Research Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverage ...
