PUBLISHER: TechNavio | PRODUCT CODE: 1064413
PUBLISHER: TechNavio | PRODUCT CODE: 1064413
Technavio has been monitoring the offshore oil and gas communications market and it is poised to grow by $ 1.35 bn during 2022-2026, decelerating at a CAGR of 6.64% during the forecast period. Our report on the offshore oil and gas communications market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in enhancing network infrastructure, growth in shale oil production, and increasing complexities of refineries. In addition, increasing investments in enhancing network infrastructure are anticipated to boost the growth of the market as well.
The offshore oil and gas communications market analysis include the application segment and geographic landscape.
Technavio's offshore oil and gas communications market is segmented as below:
By Application
By Geographical Landscape
This study identifies the digitalization of oilfield communications as one of the prime reasons driving the offshore oil and gas communications market growth during the next few years. Also, telecom-based technological advancements and increasing demand for satellite communications will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the offshore oil and gas communications market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading offshore oil and gas communications market vendors that include ABB Ltd., AT and T Inc., Baker Hughes Co., Ceragon Networks Ltd., CommScope Holding Co. Inc., Commtel Networks, EchoStar Corp., General Electric Co., Hitachi Ltd., Honeywell International Inc., Mostar Communications, PTC Inc., Redline Communications Group Inc., Siemens AG, Speedcast International Ltd., Tait International Ltd., Viasat Inc., Weatherford International Plc, Curtiss Wright Corp., and Huawei Investment and Holding Co. Ltd. Also, the offshore oil and gas communications market analysis report include information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.