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Global Oilfield Communications Market Worth USD 3.7 Billion by 2020 - Analysis, Technologies & Forecasts Report 2015-2020 - Key Vendors: ERF Wireless, ITC Global, Inmarsat - Research and Markets

[April 22, 2016]

Global Oilfield Communications Market Worth USD 3.7 Billion by 2020 - Analysis, Technologies & Forecasts Report 2015-2020 - Key Vendors: ERF Wireless, ITC Global, Inmarsat - Research and Markets

Research and Markets has announced the addition of the "Oilfield Communications Market by Communication Technologies (Cellular Network, VoIP, Unified Communications, M2M, Microwave Communication, WiMax, VSAT, TETRA, Fiber Optics, WAN, LAN), Band Type (L Band, Ku Band, HTS) - Global Forecast to 2020" report to their offering.

The global oilfield communications market is forecast to reach a value of USD 3.7 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period of 2015-2020.

The demand for oil and gas is increasing rapidly all over the world and the oil and gas companies are continuously investing to explore new oilfields. In this process, communication plays a very critical role, the fast and reliable networks enable the oil and gas companies to find new remote onshore and offshore oilfields. To meet the increasing demand of oil across the world, oil and gas companies are continuously searching for newoilfields in remote and harsh environments.

The oilfield communications research report outlines the key trends and market sizing and forecasting for emerging technologies for oilfield communications sector. The report also emphasizes on key global adoption trends, future growth potential sub markets, key drivers, competitive outlook, restraints, opportunities, and oilfield communications market ecosystem.

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