Global Oilfield Communications Market is growing
rapidly owing to the increasing demand for cloud-based services in oilfield infrastructure.
Cloud capability has become one of the significant factors offering cutting
edge services for better efficiency, scalability, and customers’ experience. Many
enterprises are adopting oilfield communication technology as a cost-effective
solution to bolster business operations and supply-chain productivity. The high
usage of energy coupled with increasing offshore oil production and ultra-deep
water drilling discoveries are enabling the oilfield communications market. Moreover,
the growth of the market is also on account of the increasing demand to reduce
operational costs and rising investments in enhancing network infrastructure across
the globe during the forecast period. Technology has become the key enabler of
excellence and businesses are gradually changing the business process with the
integration of 5G infrastructure as digitalization emerges, which is expected
to boost the global oilfield communications market during the forecast period.
Oilfield communications refers to the
technology used to gather information and data from onshore and offshore
facilities and transmit it through communication networks. It helps with data manipulation,
transmitting data between programs, eliciting responses and transaction
processing. Technology integrates and transforms oilfield operations by
bridging the gap between supply and demand. Oilfield communications businesses
streamline the workflows, by enabling organizations to be more flexible,
profitable, and responsive.
Network communication plays a vital part
in this process while the reliable and fast network empowers oil & gas
companies for streamlining business operations and to discover new remote
offshore and onshore oilfields. Modern communications technology such as satellites,
cellular networks and fiber optics have further streamlined mission-critical
communications. With the integration of effective and reliable communication
technologies, offshore workers can easily share oil drilling data with an
onshore team. Oilfield communications are utilized to increase the efficiency
of equipment, enhance infrastructure operations, and keep employees safe.
Oilfield communication networks such as VSAT, fiber optic platform, cellular
and microwave communication network are enabling
businesses to automate more sophisticated data sharing, data security, and
application performance management.
Increasing Investment in Enhancing Network Infrastructure
The exponential growth and the massive
adoption of advanced technologies such as machine learning, artificial
intelligence, cognitive intelligence, cloud is driving the oilfield communication
market globally as due to the increasing investment in enhancing network
infrastructure. As steadfast communication is required for supporting mission
critical operations in the oilfields which requires reliable hardware. Over the
years, many countries including GCC have invested heavily in improving their
telecommunication infrastructure. Enterprises
are rapidly combining Artificial Intelligence (AI) and cognitive technologies
with automation to extend the horizons of business processes. The
infrastructure supports enhancement of health and safety policies, resource
management, network connectivity and welfare of the crew. These benefits are leading
to an increase in investment toward network communicationto meet their ambitious digital
transformation plans that are creating the demand for oilfield communications
solution and has anticipated the growth of oilfield communications in the market.
Increasing Adoption of Cloud-based
Services in Oil & Gas Industry
The increasing adoption for modern cloud-based
technologies in the oil & gas companies are driving the growth of global
oilfield communication market across the world as the cloud services offer
improved real-time data, greater flexibility in infrastructure costs and adaptability
to scale the data management and storage.Cloud-based technology such as computing
services have become an attractive option to maintain and monitor production
units, wells, and oilfields. The enterprises are transitioning and utilizing
edge and cloud services to digitalize their assets, decentralize data
processing and implementing SaaS solutions for operations. Cloud solutions have
the potential to revolutionize with cutting-edge breakthrough technology, many
new and exciting opportunities are being created for the oilfields. For
instance, in March 2021, Notable Health, a leading provider of intelligent
automation solutions for healthcare, partnered with the North Kansas City
Hospital (NKCH) to accelerate the distribution of COVID-19 vaccines to Missouri-based
residents. Moreover, the high computing power delivered via cloud platforms
supports the adoption of other technologies such as the intelligent management
of physical assets, which facilitates greater operational efficiency are enabling
the massive use of cloud-based service capabilities in the energy sector. Thus,
this increasing adoption for modern cloud-based technologies in the oil &
gas industry is expected to drive the demand for oilfield communications in the
market.
Growing
Demand from Oil and Gas Operators to Scale the Production of Mature Oilfields
and Reservoirs
The ever-changing consumer demand has enabled
the rising need from oil & gas operators to scale the production of mature
oilfields across various regions. Many enterprises are establishing new oil
production plants in many areas as companies are investing heavily in exploring
new oil fields, particularly in Asia Pacific. Additionally, the major oil exploration
enterprises that are establishing their operations in harsh and remote areas
are demanding the oilfield communications solution to advance their
technologies in response to the increasing demand for high bandwidth
communication. The global population is increasing which has raised the demand for
energy consumption. For instance,in 2023, according to the Energy
Information Administration (EIA), a US Department of Energy statistical agency,
the global consumption of petroleum and liquid fuels is predicted to be 100.48
million b/d, an increase of 1.1 million b/d from 2022. The establishment of
oil fields production has enabled the awareness of security and production
efficiency. The offshore oilfield communication interoperability platform helps
reduce the risk of downtime by integrating and transporting real-time voice and
data securely over any network with connectivity. Thus, the growing demand of
oil production to accommodate consumer demands are propelling the growth of oilfield
communications market during the forecast period.
Download Free Sample Report
Market Segmentation
The oilfield communications market is
segmented on the service, communication network, field site, solution, and
region. On the basis of service, the market is bifurcated into professional
service and managed service. Based on communication networks, the market is
segmented into cellular communication network, VSAT communication network,
fibre optic-based communication network, microwave communication network and
tetra communication network. Based on the field site, the market is bifurcated
into onshore communications and offshore communications. The solution segment
is further categorized into M2M communication, asset performance communication,
unified communication, VoIP solutions, video conferencing, pipeline supervisory
control and data acquisition, fleet management communication, oilfield to
control center data communication,and Wi-Fi hotspot.
Market Player
Major
market players in the global oilfield communications market are Siemens AG, Huawei
Technologies Co. Ltd, Baker Hughes Incorporated, Inmarsat PLC, Speedcast
International Limited, ABB Ltd, RigNet Inc., Alcatel-Lucent International, Tait
Communication, and ALE International.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 –
2021 |
Estimated Year | 2023 |
Forecast Period | 2024
– 2028 |
Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
Report coverage | Revenue
forecast, company share, growth factors, and trends |
Segments covered | By Component By Communication Network By Field Site By Solution |
Regional scope | North
America, Asia-Pacific, Europe, South America, Middle East |
Country scope | United States, Canada, Mexico, China, India, Japan, South
Korea, Singapore, Malaysia, Germany, United Kingdom, France, Italy, Spain, Brazil,
Argentina, Colombia, Saudi Arabia, South Africa, UAE |
Key companies profiled | Siemens
AG, Huawei Technologies Co. Ltd, Baker Hughes Incorporated, Inmarsat PLC, Speedcast
International Limited, ABB Ltd, RigNet Inc., Alcatel-Lucent International,
Tait Communication, ALE International |
Customization scope | 10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
Pricing and purchase options | Avail
customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
Report Scope:
In this report, the global oilfield communications
markethas been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
Oilfield Communications Market, By Service
o Professional Service
o Managed Service
·
Oilfield Communications Market, By Communication Network
o Cellular
Communication Network
o VSAT
Communication Network
o Fibre Optic-based
Communication Network
o Microwave Communication
Network
o Tetra Communication
Network
·
Oilfield Communications Market,By Field Site
o Onshore Communication
o Offshore Communication
·
Oilfield Communications Market,By Solution
o M2M Communication
o Asset Performance Communication
o Unified Communication
o VoIP Solutions
o Video Conferencing
o Pipeline Supervisory Control and
Data Acquisition
o Fleet Management Communication
o Oilfield to Control Centre Data Communication
about Wi-Fi hotspot
·
Oilfield Communications Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Asia-Pacific
§ China
§ Japan
§ South Korea
§ India
§ Singapore
§ Malaysia
o Europe
§ United Kingdom
§ Germany
§ France
§ Italy
§ Spain
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East
§ UAE
§ Saudi Arabia
§ South Africa
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the globaloilfield
communications market.
Available Customizations:
With the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
The global oilfield
communications marketis an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com