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Oilfield Communications Market Worth USD 3.7 Billion by 2020CHICAGO, August 4, 2015 /PRNewswire/ -- According to a new market research report, "Oilfield Communications Market by Communication Technologies (Cellular Network, VoIP, Unified Communications, M2M, Microwave Communication, WiMax, VSAT, TETRA, Fiber Optics, WAN, LAN), Band Type (L Band, Ku Band, HTS) - Global Forecast to 2020", published by MarketsandMarkets, Oilfield Communications Market is estimated to grow from USD 2.6 Billion in 2015 to USD 3.7 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 7.4%. Browse 79 Tables and 52 Figures spread through 176 Pages and in-depth TOC on "Oilfield Communications Market" http://www.marketsandmarkets.com/Market-Reports/oilfield-communications-market-247995454.html The market report defines and divides the oilfield communications market into several sub-segments along with a detailed analysis and forecasting of revenues generated from each division. It also provides a detailed insight into the drivers and restraints for the market and identifies the opportunities, challenges, and ongoing market trends. Ask for PDF @ http://www.marketsandmarkets.com/pdfdownload.asp?id=247995454 Communication solutions for the oil and gas industry help to gain a holistic view of the operations; help to keep pace with vibrant markets, customer needs, and regulations. Oilfield Communication services and solutions are defined and judged by possessing the capability to reduce the time, cost and required expertise to provide fast and reliable communication in harsh environments. 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, mitigating the risks and vulnerabilities of market by the use of 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. The drivers, restraints, and opportunities along with the time-impact analysis have been identified n the report. The drivers for this market are listed as increasing demand for offshore oilfield communication solutions, increasing ICT expenditure, and telecom-based technological growth. The restraint for this market is stringent regulations and compliances over the oil and gas industry, and resistant approach by oilfield operators. Evolution of digital oilfields, discovery of subsea oilfields, and predictive maintenance in wireless technology have been acknowledged as the opportunities in this market; whereas, insufficient hardware services for underwater communications, and aging workforce in the oil and gas industry are the major challenges. MarketsandMarkets has extensively divided the Oilfield Communications Market by communication network technology: cellular, VSAT, fiber optic, microwave, and TETRA communication networks; by solution: upstream, midstream, and downstream solutions; by field site: onshore and offshore; by service: professional services, integration services, and cloud hosted services; by region: North America (NA), Europe (EU), Asia-Pacific (APAC), Latin America (LA), and Middle East and Africa (MEA). MarketsandMarkets forecasts that the global Oilfield Communications Market is estimated to grow from USD 2.6 Billion in 2015 to USD 3.7 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 7.4%. On geographical grounds, North America (NA) is forecast to be the biggest market for oilfield communications market, followed by Middle East and Africa (MEA). Browse Related Reports Oil and Gas Data Management Market by Type (Information technology infrastructure, Data organization, and Service), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Global Forecast to 2020 Oil and Gas Mobility Market by Application (Asset Management, Data Management, Risk and Regulatory Compliance, Materials Management, Workforce Automation, Mobile Analytics, Others), by Service, by Deployment Type (Hosted, and On-Premises), by Users & by Region - Global Forecast to 2020 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. 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