Oilfield Communications Market to cross $3.18 Billion by 2019

Topics: Petroleum, Communication, Natural gas Pages: 2 (419 words) Published: March 20, 2014
The operational efficiency of oil exploration companies largely depends upon the ability of the oilfield operator, engaged in exploration and production process, to communicate field operational data to the control center and other facilities. As per the estimates of Digital Oilfields World Summit, by 2015, the digital oilfield market would grow by 40%. The adoption of digital oilfield technology must be supported by robust and effective communication network infrastructure. Intelligent use and integration of telecommunication networks are critical factors for establishing and developing efficient and dynamic communication network infrastructure.Reliable and robust communication infrastructure in remote and harsh oilfields enables better-informed decision making between offshore and onshore operations. It creates a virtual environment where effective communication and collaboration among experts can occur, regardless of where the experts are physically located.

The oilfield communications market research report is segmented into oilfield communication solutions, services, communication network technologies, and field site communication market.

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The oilfield communications market research report analyzes global adoption trends, future growth potential, key drivers, competitive outlook, restraints, opportunities, oilfield communications market ecosystem, and emerging technologies in this market.The report further presents regional opportunity plot analyses along with expected market size and forecast analyses for various subsegments of oilfield communications market, such as upstream, midstream, and downstream communications market. It also presents market forecast for emerging solutions in oilfield communications market, such as asset performance, machine-to-machine (M2M) communication, voice over Internet protocol (VoIP), WiMAX, pipeline supervisory control and data...
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