Press release
Internet of Things (IoT) Oil & Gas Market will reach a value of USD 55.48 billion by 2029, exhibiting a CAGR of around 23% during the forecast period.
Internet of Things (IoT) Oil & Gas Market
Titled "Internet of Things (IoT) Oil & Gas Market: Report Scope, Research Methodology, Drivers, Restraints, and Regional Insights," the report provides in-depth analysis and insights into the market dynamics, including the impact of the COVID-19 pandemic on market leaders, followers, and disrupters. With varying lockdown measures implemented across different regions and countries, the report highlights the differential impacts and offers a comprehensive assessment of the short-term and long-term effects on the market. This valuable information will aid decision-makers in formulating strategies for both the immediate and future growth of their companies within specific regions.
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The Internet of Things (IoT) Oil & Gas Market report provides a comprehensive analysis of the market, covering various aspects such as market size, growth rate, trends, challenges, and opportunities
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What are Internet of Things (IoT) Oil & Gas Market Dynamics?
The Internet of Things (IoT) has gained significant traction in the oil and gas industry, with companies leveraging IoT, machine learning, and cloud technologies to enhance the management of remote facilities and tank collection sites. Real-time monitoring enables prompt actions in response to safety and regulatory issues. Furthermore, IoT implementation allows for safer repairs in the oil and gas sector, as connected systems can send alerts to other devices in case of malfunctions, high-pressure situations, or any potential dangers.
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Increasing Adoption of IoT Technologies: The oil and gas industry is witnessing a growing adoption of IoT technologies to enhance operational efficiency, safety, and regulatory compliance. IoT enables real-time monitoring, remote management, predictive maintenance, and data-driven decision-making, thereby improving overall productivity and reducing costs.
Need for Asset Management and Optimization: The oil and gas industry relies heavily on complex and critical assets such as rigs, pipelines, and refineries. IoT solutions provide asset tracking, condition monitoring, and predictive maintenance capabilities, allowing companies to optimize asset utilization, extend equipment lifespan, and reduce downtime.
What is Internet of Things (IoT) Oil & Gas Market Regional Insight?
Geographically, North America dominated the global Internet of Things (IoT) Oil & Gas Market in 2021. The region's strong market share is attributed to the increased production of shale oil and tight oil. Furthermore, recent announcements regarding pipeline expansions and offshore shipping for oil transportation are expected to drive the midstream market in the United States.
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What is Internet of Things (IoT) Oil & Gas Market Segmentation?
by Solution
• Platforms
• Analytics
by Application
• Upstream,
• Midstream,
• Downstream
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Who are Internet of Things (IoT) Oil & Gas Market Key Players?
• ABB Ltd
• AGT INTERNATIONAL
• CARRIOTS S.L
• C3 IoT
• CISCO SYSTEMS
• PARAMETRIC TECHNOLOGY (PTC)
• SAP SE
• DAVRA NETWORKS
• EUROTECH SPA
• GENERAL ELECTRIC COMPANY
• HONEYWELL INTERNATIONAL INC
• INTEL CORPORATION
• INTERNATIONAL BUSINESS MACHINES CORPORATION
• KORE TELEMATICS
• MICROSOFT CORPORATION
• SIEMENS AG
• TELIT
• WIND RIVER
• PERTEX MANAGEMENT AND TECHNOLOGY CONSULTING LLC
• SCHNEIDER ELECTRIC
• EMBITEL TECHNOLOGIES INC
• SIGFOX
• TOTAL ENERGY VENTURES INTERNATIONAL'S
• PELOTON Technology
Table of content for the Internet of Things (IoT) Oil & Gas Market includes:
1. Global Internet of Things (IoT) Oil & Gas Market: Research Methodology
2. Global Internet of Things (IoT) Oil & Gas Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Internet of Things (IoT) Oil & Gas Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Internet of Things (IoT) Oil & Gas Market Segmentation
• Global Market, by Solution(2021-2029)
• Global Market, by Application (2021-2029)
5. Regional Internet of Things (IoT) Oil & Gas Market(2021-2029)
• Regional Market, by Solution(2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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