Oilfield Communications Market Analysis Report 2024 to 2031
Oilfield Communications Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 3.28 Billion |
Market Size by 2031 | US$ 5.04 Billion |
Global CAGR (2023 - 2031) | 5.5 % |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Service
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Oilfield Communications Market News and Recent Developments
The oilfield communications market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In May 2022, Ericsson and Tampnet collaborated to handle IoT connections for offshore businesses. Modern sensors and remote monitoring technologies may be installed on people and objects in a variety of remote offshore use cases and connected in real-time thanks to the Ericsson IoT Accelerator's management capabilities.
(Source: Ericsson, Company Website, 2022)
- In December 2022, DeepOcean and Akvaplan-Niva worked together to assess the environmental impact of offshore wind and oil and gas developments using remotely operated vehicles (ROVs) and uncrewed glider vehicles (USVs).
(Source: DeepOcean, Company Website, 2023)
Oilfield Communications Market Report Coverage and Deliverables
The "Oilfield Communications Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles