The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Internet of Things (IoT) in Oil and Gas Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Internet of Things (IoT) in Oil and Gas Industry (2023-2028):
According to the latest report, The Internet of Things (IoT) in Oil and Gas Market is projected to grow at a CAGR of around 23% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Internet of Things (IoT) in Oil and Gas industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
- CAGR: 23%
What are the major Driver the Internet of Things (IoT) in Oil and Gas industry?
Growth Opportunities: Introduction of DDS (Data Distribution Service) For Remote Access – Companies working with IoT devices are required to choose a storage solution for remote access. The proposed DDS (Data Distribution Service) is capable of handling massive amounts of data from many sources. It can be used to store data from a remote location and has the ability to deal with historical data. The storage can be designed to support various data kinds and offer various storage levels. Additionally, it manages high-rate data streams from a variety of IoT objects. By calling particular data flow processing within the DDS, it may adjust to this high-velocity input. Thus, organizations must develop their data management plan in order to fully benefit from cloud-based data storage. While some data may need to be preserved for regulatory considerations, some data needs to be kept locally. Backed by the unparalleled benefits, the industry players are largely leaning towards these solutions.
Download a sample PDF of this report to gain insights into the complete report structure – https://www.marknteladvisors.com/query/request-sample/global-iot-in-oil-and-gas-market.html
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2028, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Internet of Things (IoT) in Oil and Gas Market Segmentation
The Internet of Things (IoT) in Oil and Gas Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Solution
- Communication
- Sensing
- Data Management
- Cloud and Edge Computing
- By Industry Stream
- Upstream
- Downstream
- Midstream
- By Application
- Preventive Maintenance
- Pipeline & Equipment Monitoring
- Fleet and Asset Management
- Security Management
- Asset Management
- Others (Data Management and Hazardous Management)
- By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
As per the regional aspect, the Internet of Things (IoT) in Oil and Gas Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/global-iot-in-oil-and-gas-market.html
Top Companies in the Internet of Things (IoT) in Oil and Gas Market
Intel Corporation, Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, Alphabet Inc., Cognizant, Siemens AG, Rockwell Automation Inc., General Electric Company, Wipro Limited, SAP SE, Cisco Systems, Inc., HCL Technologies Ltd., Telit Communications PLC, PTC Inc.
Global Internet of Things (IoT) in Oil and Gas Market Recent Development
In November 2022, Telit, a global leader in the Internet of Things (IoT), collaborated with Lantech Intelligent Network Connection (LINC) to facilitate Intelligent Stretch Wrapper Solutions Designed to Improve Serviceability, Shipment Costs, and Load Quality.
In October 2022, Huawei launched two scenario-based oil and gas solutions i.e. Integrated Oil & Gas Field Network and Smart Gas Station at HUAWEI CONNECT 2022 Dubai.
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/global-iot-in-oil-and-gas-market.html
For Further Queries:
Contact Us
MarkNtel Advisors
+1 628 895 8081, +91 120 4278433
Corporate Office: Office No.109,
H-159, Sector 63, Noida, Uttar Pradesh – 201281, India
