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Oil Fuel Mobility Market - Global Industry Analysis Forecast 2015 - 2023

12-16-2016 01:05 PM CET | Energy & Environment

Press release from: TMR-Research Reports

Oil Fuel Mobility Market - Global Industry Analysis Forecast

Globally, the rising demand for energy is expected to drive the consumption of fossil fuels in coming years. Companies operating in oil and gas sector have to maintain balance in production in order to meet the growing demand for fuel. The price of fuel also depends upon global supply and demand. Companies supply raw crude oil to oil refineries and petrochemical plants for production of different byproducts such as petrol, diesel and hydrocarbons. Oil companies find different ways to optimize their supply in order to cater the demand for fuel. Companies try to utilize their resources at optimum level in order to reduce operational cost and increase profit.

Application of mobility in oil and gas companies is expected to boost the organization’s flexibility in performing task from any location and sharing data within the enterprise. Mobility focuses on using mobile computing through adoption of smart devices such as smartphones and tablets. Adoption of mobility technologies is helping the organization to take quick decision and reduce demand-supply gap of delivering fuel in market. Organizations produce a large amount of data related to sales and operation. Utilization of these data through mobility services helps the company to reduce demand-supply gap and optimize the plant efficiency.

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Adoption of enterprise resource planning (ERP) and business intelligence software in mobile computing helps to integrate different organizational functions and use the data for optimization of daily operation. Mobility provides on-demand information to organization which is used in making decision in production, vendor management, maintenance, on-time customer delivery and asset management. Mobility can be deployed in organizations through on-premise or cloud solution. Mobility involves use of data management, material management, risk and regulatory compliance, mobile analytics and asset management. Mobility is used in performing core operations such as executing daily production order, schedule maintenance and prepare operator logs.

Mobility can be used to sell fuel to refineries and petrochemical plants across different countries. Mobility is also used in coordinating shipping of fuel and managing contracts in less time. It can be used to trade fuel faster through real-time price negotiation and shorten billing cycle. It also helps in inventory management and monitoring of equipment by continuously taking measurements and reading.

Use of mobility in oil and gas sector is expected to increase in coming years due to real-time operability with smart devices in streamlining data and increasing economic benefits. Integration of vendors and customers is expected to boost mobility services in oil and gas sector. The demand for machine-to-machine (M2M) communication is also expected to increase the adoption of mobility in oil and gas refineries and petrochemical industries. The information security is a major concern for adoption of mobility in oil and gas sector.

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Mobility service providers provide hosted services depending upon the customer’s requirement. With the emergence of several new players, the competition in oil fuel mobility market is expected to increase in coming years. Some of the key mobility service providers for oil and gas sector are Accenture PLC, Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Hewlett-Packard Development Company L.P., Wipro Limited and Infosys Limited.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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