Increased Adaption of Emerging Communications Technologies Boosting Growth in the Global Oilfield Communications Market

Reportstack has announced a new market research report on the Global Oilfield Communications Market 2015-2019.   Increased investments in oilfield communication technologies such as VSAT, fiber optic communications, and cloud services by market vendors will improve the efficiency of oil and gas facilities. It is expected that with increased investments, technology will improve, thereby reducing the scope of challenges and problems. The Global Oilfield Communications market is expected to grow at a CAGR of 5.7 percent during the period 2014-2019. 

“With the implementation of VSATs, WiMAX, M2M, and unified communications, the operational efficiency of the oilfields is expected to rise,”.

To view the table of contents and know more details please visit  Global Oilfield Communications Market 2015-2019.

“The offshore and onshore oil and gas markets are expected to witness a steady growth in North America and Europe, while Latin American countries such as Argentina and Brazil are huge markets for oilfield communication systems.” 

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.  

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