The potential uses for this big data are so vast that satellite analytics will be worth $18.1bn by 2027, according to Northern Sky Research.
As digitalization continues to move across the O&G sector, new sources and production capacity continues to come online. “Big Data” and real-time data are fundamentally transforming the how of Oil & Gas exploration & production – pushing more bi-directional transfer of information from well to HQ. With all of this data information, VSAT Broadband connectivity.
The mining industry, which has so far remained the smallest addressable market for the energy satcom providers, is gradually morphing into a growth opportunity for satellite connectivity. On the heels of the last commodities downswing, globally diversified miners are focused on increasing productivity and maximizing the value of their existing assets, while newer mining juniors.
With global Oil & Gas markets still showing signs of instability, can the satellite communications industry continue to cite Energy markets as a ‘key vertical?’ Even in this ‘downturn’ there are opportunities, right? Regardless of oil pricing trends, there are clear needs for communications, and data-driven innovation across the Energy market value-chain – from ‘big.
NSR’s ongoing coverage of the energy market moves beyond deep-water, and explores some of the easy to overlook trends in the onshore sector, the mining industry, and electrical utilities. From pipelines to smart grids, mining and onshore O&G, opportunities exist across the energy vertical in all corners of the world – more than just deeper.