Press release
Global Internet of Things (IoT) in Energy Sector Market is Envisioned to Mark a CAGR of 15.5% in Near Future till 2023, According to Research Nester
Global internet of things (IoT) in energy sector market is segmented into hardware such as devices, routers, sensors and actuators. Among these segments, devices segment is expected to occupy the top position in the market. Further, the market of internet of things (IoT) in energy sector is riding on the back of factors such as advancements in electronics components, decreasing prices of electronic devices and technological advancement in semiconductors offers the advantage to develop lightweight and efficient devices. Further, the demand for IoT devices is increasing due to their high end connectivity and multiple options of connection via wireless services.The global internet of things (IoT) in energy sector market is expected to register a CAGR of 15.5% over the forecast period. Moreover, the global internet of things (IoT) in energy sector is expected to reach USD 26.5 Billion by 2023. The market is expected to expand on the back of rising adoption of internet of things in the industrial sector.
The data management segment by software is estimated to register a considerable CAGR during the forecast period. Moreover, there are various types of software available in the market which secures and manages the data being generated or transferred by internet of things (IoT) devices. The major demand for security software is due to rising concern towards safety of data.
Growth in IT Industry
Positive growth in IT industry across the globe further increasing their research & development activities to develop products based on advanced and latest technology. The internet of things (IoT) technology for the transformation of public and private sector organizations is the major reason behind the positive growth of IoT market. On the other hand, mining and petroleum industries are also looking forwards to real-time monitoring systems to manage the mobile workforce. The growing concern towards energy management is one of the major factors which are fuelling the demand for internet of things (IoT) devices and software.
For Sample Pages please go through link below: https://www.researchnester.com/sample-request/2/rep-id-256
Technological Advancement in energy Sector
Rapid pace development in energy sector including the power and oil & gas sector is changing the ecosystem of these sectors. In addition to this, the robust expansion of smart cities and smart infrastructure in various developed countries such as U.S. and others are encouraging the energy sector to adopt advanced technology such as internet of things (IoT). Moreover, the setting up of smart cities along with growing concern towards optimization of resources is bolstering the growth of IoT in energy sector. However, privacy and safety factors are some of the major factors which are restraining the market of internet of things (IoT) in energy sector globally.
The report titled “Global Internet of Things (IoT) in Energy Sector Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global internet of things market in terms of market segmentation by hardware, by software, by application by end-use and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global internet of things (IoT) in energy sector market which includes company profiling of Intel Corporation, Alcatel-Lucent, Accenture PLC, Cisco Systems Inc., Google Inc., Hewlett-Packard and IBM. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global internet of things (IoT) in energy sector market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Request For TOC Here: - https://www.researchnester.com/toc-request/1/rep-id-256
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Request Ask The Analyst: https://www.researchnester.com/ask-the-analyst/rep-id-256
To Know More About This Research, Kindly Visit:
https://www.researchnester.com/reports/global-internet-of-things-iot-in-energy-sector-market-global-demand-analysis-opportunity-outlook-2023/256
Research Nester, a market research and consulting company, is currently serving clients from 120+ countries across the globe ranging from healthcare, ICT & Electronics, FMCG, retail, oil & gas, energy & power to niche markets like chemicals. We assess the market for existing and new product in sync with demand arising from the market and its counterparts. Analysts at Research Nester provide the best-fit actionable insights by calculating the market size, estimating the y-o-y growth and anticipated demand for a particular product or service. View all posts by Research Nester
For Table of Content & Free Sample Report Contact:
Name:-Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
Website:-www.researchnester.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Internet of Things (IoT) in Energy Sector Market is Envisioned to Mark a CAGR of 15.5% in Near Future till 2023, According to Research Nester here
News-ID: 784600 • Views: …
More Releases from Research Nester Pvt Ltd
Vegan Food Market: Size is Expected to Surpass USD 91.83 billion by 2035
Research Nester, the global vegan food market size is predicted to expand at a CAGR of 11.8% between 2026 and 2035, on account of the rising awareness of people about fitness globally.
Request Free Sample Report @ https://www.researchnester.com/sample-request-6172
The Increasing Demand for Vegan Food Globally Will Increase the Global Market Share of Vegan Food Market
By the end of 2035, the vegan food sector will have grown significantly and appear extremely promising. Several…
U.S. Cogeneration Equipment Market Forecast to Exhibit Robust Growth During 2026 …
The U.S. cogeneration equipment market is poised for robust advancement throughout the forecast period from 2026 to 2035, driven primarily by the nation's growing focus on energy efficiency and decarbonization. Increasing regulatory emphasis on sustainable energy use, coupled with corporate commitments to reduce carbon footprints, is stimulating widespread adoption of combined heat and power (CHP) systems across industrial, commercial, and institutional sectors. The integration of cogeneration technologies aligns with the…
U.S. Coal Gasification Market Size is Expected to Witness Accelerated Expansion …
The U.S. coal gasification market is expected to witness robust expansion during the forecast period from 2026 to 2035, driven primarily by the nation's push toward cleaner energy conversion technologies and carbon utilization strategies. The growing emphasis on decarbonizing heavy industries and enhancing domestic energy security has positioned coal gasification as a pivotal pathway for transforming coal into cleaner synthesis gas, hydrogen, and chemical feedstocks. Advancements in carbon capture and…
U.S. Nuclear Fusion Market Size is Projected to Record Sustained Growth Through …
The U.S. nuclear fusion market is expected to experience strong growth throughout the forecast period from 2026 to 2035, driven primarily by technological breakthroughs in plasma confinement and increasing public-private investment in next-generation energy systems. As the country accelerates its transition toward low-carbon and sustainable power solutions, fusion energy has emerged as a promising alternative to traditional nuclear fission. Innovations in superconducting magnets, laser systems, and artificial intelligence-driven plasma control…
More Releases for IoT
2025 IoT Solutions World Congress Highlights IoT Innovations
Barcelona, Spain - The 2025 IoT Solutions World Congress, held May 13-15 in Barcelona, concluded successfully, reinforcing its role as a leading platform for IoT advancements. The event attracted global industry leaders to explore technologies like Industrial router [https://www.waveteliot.com/] switches, industrial cellular routers, and industrial 5G routers.
Image: https://www.abnewswire.com/upload/2025/10/926ea6e064576338c31876d9971814c3.jpg
Event HighlightsIndustry Solutions Awards
The awards honored transformative solutions, spotlighting innovations in industrial 4G/LTE routers and mobile router industrial applications.
STEM Women Congress
A dedicated day…
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
