Press release
IoT Solutions for Connected Oil and Gas Market Operations: Advancements and Future Trends 2023 To 2030 | Emerson Electric, General Electric, IBM Corporation
The Connected Oil and Gas Market was valued at USD 7.81 billion in 2022, and it is anticipated to reach USD 55.61 billion by 2030, expanding at a CAGR of 23.45% from 2023 to 2030. The term "Connected Oil and Gas market" describes how different parts of the oil and gas value chain, from exploration and production to refining and distribution, are connected via technology and data analytics. Real-time monitoring and analysis of processes is made possible by this technology, which boosts productivity, lowers expenses, and boosts safety.
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The Key companies profiled in the Connected Oil and Gas Market:
The study examines the Connected Oil and Gas Market's competitive landscape and includes data on Emerson Electric, General Electric, IBM Corporation, Intel Corporation, Microsoft, Cisco Systems, Oracle Corporation, Honeywell International Inc., Robert Bosch, Siemens AG, Schneider Electric, Dassault Systemes, ABB Group, Rockwell Automation & Others.
Global Connected Oil and Gas Market Split by Product Type and Applications
This report segments the Connected Oil and Gas Market on the basis of Types:
Software
Services
On the basis of Application, the Connected Oil and Gas Market is segmented into:
Exploration
Development
Production
The connected oil and gas industry offers a range of products, including platforms for data analytics, automation systems, and smart sensors that can gather, store, and process data from diverse sources. Along with services for setting up and maintaining these solutions, the market also offers software for managing and optimising operations. As the connected oil and gas industry continues to adopt new technologies and embrace digital transformation, a major increase in the market for connected oil and gas is anticipated in the upcoming years.
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North America is predicted to lead the worldwide connected oil and gas market due to the region's abundance of oil and gas firms and its early adoption of technology. However, the Asia Pacific area is anticipated to experience the largest growth rate in the upcoming years because of the region's rapidly expanding oil and gas industry, rising need for energy, and rising investments by oil and gas businesses in digital transformation projects.
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Market Segmentation:
Connected Oil and Gas market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The Connected Oil and Gas market encompasses both the service and software industries, each with its own scope and potential for growth. The service sector offers products including intelligent sensors, automated systems, and platforms for data analytics that gather, store, and process data from multiple sources. These services assist oil and gas industries in enhancing operations, cutting costs, and raising safety. Implementation, upkeep, and support of these solutions are all included in the service industry's scope in the Connected Oil and Gas sector. On the other hand, the software industry includes services for installing and sustaining these solutions in addition to software for managing and optimising operations. Solutions for data management, process optimisation, and decision-making are all under the purview of the software sector in the Connected Oil and Gas market.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Connected Oil and Gas Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Connected Oil and Gas Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Connected Oil and Gas Market Analysis
Chapter 6 East Asia Connected Oil and Gas Market Analysis
Chapter 7 Europe Connected Oil and Gas Market Analysis
Chapter 8 South Asia Connected Oil and Gas Market Analysis
Chapter 9 Southeast Asia Connected Oil and Gas Market Analysis
Chapter 10 Middle East Connected Oil and Gas Market Analysis
Chapter 11 Africa Connected Oil and Gas Market Analysis
Chapter 12 Oceania Connected Oil and Gas Market Analysis
Chapter 13 South America Connected Oil and Gas Market Analysis
Chapter 14 Company Profiles and Key Figures in Connected Oil and Gas Business
Chapter 15 Global Connected Oil and Gas Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology..
Global Connected Oil and Gas Market Research FAQs
1. What is the study period of this Connected Oil and Gas Market?
2. What is the growth rate of this Market?
3. Which region has the highest growth rate in this Market?
4. Which region has the largest share in this Market?
5. What are the key contributing factors to the market growth?
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