- The key vendors in the Global Oilfield Communications Market 2015-2019 are Alcatel-Lucent International, ERF Wireless, Inc., Harris CapRock Communications, Inc., Hermes Datacommunications International Ltd. and Huawei Technologies Co. Ltd.
London, 11 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Oilfield Communications Market 2015-2019. Increased investments in oilfield communication technologies such as VSAT, fiber optic communications, and cloud services by market vendors will 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. The Global Oilfield Communications market is expected to grow at a CAGR of 5.7 percent during the period 2014-2019.
“With the implementation of VSATs, WiMAX, M2M, and unified communications, the operational efficiency of the oilfields is expected to rise,” says Faisal Ghaus, Vice President of TechNavio Research.
“The offshore and onshore oil and gas markets are expected to witness a steady growth in North America and Europe, while Latin American countries such as Argentina and Brazil are huge markets for oilfield communication systems.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
