The international oilfield communications market size is likely to grow from USD 3.3 billion in 2017 to USD 4.8 billion by 2022, at a CAGR of 7.9%. Developing digital oilfields is the main driving factor for the oilfield communications market. Though, the incorporation of departments in the oil and gas industry and rising susceptibility to cybersecurity fears are some of the major factors quickening the growth of the oilfield communications market.
Oilfield Communications Solutions is the technology that is used to gather data and information from field sites and transmit it through communication networks, as required by the oil and gas industry. Oilfield communications technologies and solutions enable communications between oilfield sites and offices with reduced time and cost. The solutions are primarily aimed at achieving the operational efficiency targets set by the oil and gas companies and the services are aimed at enabling smarter and coordinated decision making, and mitigating the risks and vulnerabilities of the market, by using efficient tools and techniques, along with meeting the end-to-end needs of all the allied industries spanning the entire oil and gas industry value chain.
Top 10 Oilfield Communication Solutions Providers
- Huawei Technologies
- ABB Ltd
- Tait Communications
- Siemens AG
- Speedcast International Limited
- Commscope Holding Company
- Alcatel Lucent
- Hughes Network Systems
- Ceragon Networks
- Baker Hughes
Oilfield Communications Solutions Market Segmentation
The market is classified on the basis of Communication solutions by:
- Communication Network Technologies
- Field Site Communication
Top New Entrants
These new entrants are the firms that have a great understanding of the latest technologies and trends, right from their inception. These companies may not be so widespread geographically, but they have offerings. These vendors are generally the ones who are beginning to emerge in terms of product portfolio and geographical coverage, and will need some time to gain traction in the market. Some of the emerging new entrants are:
- Airspan Networks
- Commtel Networks
- Inmarsat Communications
- Novatel Inc
- Alvarion Technologies
- Dragonwave Inc
- IPX Communications
- Omega Engineering
- Redline Communications
The vendors are placed into four categories based on their performance in each criterion: “Vanguards,” “Innovators,” “Emerging,” and “Dynamic.” We have evaluated top 25 vendors, which includes Huawei Technologies, Siemens AG, SpeedCast International Ltd., ABB Ltd., Alcatel-Lucent S.A., Inmarsat Plc., Baker Hughes Inc., Hughes Network Systems LLC, Tait Communications, Ceragon Networks Ltd, RAD Data Communications, Inc., CommScope, Rignet, Inc., Airspan Networks, Inc., Commtel Networks, Inc., IPX Communications, Novatel, Juniper Networks, Omega, RADWIN, Redline Communications, Network Innovations, Dragonwave, Inc., and Alvarion Technologies.
Vendors who fall into this category receive high scores for most evaluation criteria. They have an established product portfolio and have a very strong market presence. They should provide mature and reputable oilfield communications solutions. They also have strong business strategies.
Dynamic are established vendors with very strong business strategies. However, they have a low product portfolio. They focus on a specific type of technology related to the product.
Innovators demonstrate substantial product innovations as compared to their competitors. They should have very focused product portfolio. However, they do not have very strong growth strategies for their overall business.
Emerging vendors have niche product offerings and are starting to gain their position in the market. They do not have much strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before getting significant traction in the market.