North America Oilfield Communication Market is Expected to Reach $933.2 Million in 2019 - New Report by MicroMarket Monitor - WICU12 HD WSEE Erie, PA News, Sports, Weather, Events

North America Oilfield Communication Market is Expected to Reach $933.2 Million in 2019 - New Report by MicroMarket Monitor

Posted:

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE:

The market is primarily driven by the increased demand for aviation fuel and diesels for locomotive have made great impact on oil consumption. http://www.micromarketmonitor.com/market/north-america-oilfield-communication-1041883871.html

(PRWEB) August 15, 2014

In recent years, there has been enormous development in various regional economies worldwide. This progress has led to more investments in infrastructure and higher deployment of technology. Due to this, the overall demand for oil has surged globally. Thus, the need for a higher number of oilfields and efficient communications with them has increased. This trend is expected to continue in the near future; therefore, the demand for the oilfield communication market is poised to remain high.

The overall revenue of the global oilfield communications market is estimated at $2,366.5 million as of 2014 and this market is poised to be worth $3,183.9 million by the end of the year 2019, at a CAGR of 6.1% between 2014 and 2019.
http://www.micromarketmonitor.com/market-report/oilfield-communication-reports-9289063833.html

North America consists of some of the most developed nations. This has led to a greater need for oilfield communication solutions. Also, oil companies require real-time data. This has fueled the demand for efficient oilfield communication solutions.

Early buyers will receive 10% customization on this report.
http://www.micromarketmonitor.com/contact/1041883871-request_for_customization.html

The overall revenue of the North American oilfield communications market is estimated at $658.8 million as of 2014, and this market is poised to be worth $933.2 million by the end of the year 2019, at a CAGR of 7.2% during the forecast period.

Get a copy of PDF Brochure @ http://www.micromarketmonitor.com/contact/1041883871-download_pdf_brochure.html.

The top players that lead the North American market are Harris CapRock communications with 34% followed by RigNet with a market share of 27%. Other enterprises providing services in the North American oilfield communication market are ITC Global, Hughes Network Systems, and others.

Browse through the market data tables, figures and detailed ToC on the North America Oilfield Communication Market.
http://www.micromarketmonitor.com/market/north-america-oilfield-communication-1041883871.html    

Related Reports:

Europe Oilfield Communication Market
The oilfield communications market in the European region is has currently been valued at $454.1. This market is projected to reach a value of $545.7 million by the end of 2019, at a CAGR of 3.7% between the 2014 and 2019. Hermes Datacommunications International Ltd., Harris CapRock Communications, and RigNet are some of the prominent companies delivering oilfield communication services in this region. The driving force behind the rising demand of this market is the growing exploration and extraction of crude oil, thus requiring higher-quality oilfield communication solutions. Also, the economic growth in the region has fueled this demand in the region.
http://www.micromarketmonitor.com/market/europe-oilfield-communication-1342630266.html

Asia-Pacific Oilfield Communication Market
The Asia-Pacific region is closer to water bodies. Hence, persisting rough weather conditions make communication difficult. Also, there is a tremendous requirement of oil. These factors in turn boost the demand in the oilfield communications market. The oilfield communications market in the Asia-Pacific region has been estimated at $349.8 million as of 2014 and is poised to reach $448.0 million by the end of the year 2019, at a CAGR of 5.1% from 2014 to 2019. Major vendors in the APAC market are RigNet, Huawei Technologies, Hughes Network Systems, Harris CapRock Communications, and others.
http://www.micromarketmonitor.com/market/asia-pacific-oilfield-communication-6135143134.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

Contact:
Mr. Chandrasekhar K.
5601 Bridge Street
Suite 300
Fort Worth, TX 76112
Tel: +1-888-502-0539
Email: sales(at)micromarketmonitor(dot)com
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.

For the original version on PRWeb visit: http://www.prweb.com/releases/oilfield-communication/market/prweb12085615.htm

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

Powered by WorldNow
3514 State St. Erie, PA 16508
Newsroom: (814)454-8812
Toll Free: 1(800)454-8812
Business offices: (814)454-5201
WICU FCC Filing
WSEE FCC Filing
Share:
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
Mobile:
Mobile Site
Be sure to stay constantly updated with the power of WICU12 and WSEE at your fingertips
Free Android App
Free iPhone App
Free iPad App
Storm Tracker App
Droid
iPhone
iPad
All content © Copyright 2000 - 2014 WorldNow and WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 - info@wicu12.com