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A report publishes by MarketsandMarkets has highlighted the growth potential in the oil and gas industry’s communications technology sector

28th March 2014

The report analyses the implementation of digital technology in the oil and gas industries to improve efficiency.

pc oil field computers communication gas
Communication in the field requires robust and efficient technology

 

The logistical problems faced by oil and gas firms working over long distances and harsh environments means that a reliable system of communication technology is needed to ensure un uninterrupted process of exploration and production.

The report states that this sector will experience a 6.1 per cent compound growth rate over the next five years to reach a value of USD 3.18bn by 2019.

The report says that: “As per the estimates of Digital Oilfields World Summit, by 2015, the digital oilfield market would grow by 40per cent. 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.”

The oilfield communications market research report is segmented into oilfield communication solutions, services, communication network technologies, and field site communication market. 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 acquisition (SCADA) system, and unified communications.

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