+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

North America IoT in Oil & Gas Market, By Industry Stream (Upstream, Downstream, Midstream), By Solution (Sensor System, Communication & Networks, Data Management, Others), By Application, By Country, Competition Forecast & Opportunities, 2017-2027

  • PDF Icon

    Report

  • 80 Pages
  • February 2022
  • Region: North America
  • TechSci Research
  • ID: 5129155
Free Webex Call
10% Free customization
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

FEATURED COMPANIES

  • ABB Ltd.
  • Adobe Inc.
  • C3.ai, Inc.
  • Cisco Systems Inc.
  • Equinor ASA
  • IBM Corporation
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

North America IoT in oil and gas market value in the base year 2021 was USD7.30 billion, and it is anticipated to further grow with 12.16% CAGR during the forecast period, 2023-2027, to achieve a market value of USD14.72 billion by 2027F. Surging demand for sensor-based tank monitoring, decreasing the safety risks related to the oil and gas industry and its working, is driving the growth of the North America IoT in Oil and Gas market in the upcoming five years. Also, the increased incorporation of internet and cloud-based services for the functioning of equipment, devices, and recording data, is also supporting the growth of the North America IoT in oil and gas market in the next five years. Additionally, the growing trend of smart industries and efficient functioning demands technological advancements. Increasing research and development of smart technologies and their incorporation in technically sound devices are also major reasons for the growth of the North America IoT in Oil & Gas market in the future five years. Moreover, developed countries like the United States have a large number of oil wells and reservoirs. The rapidly growing number of oil reservoirs is also aiding the market's growth. Furthermore, advantages like better field communication, reduced costs of maintenance, real-time monitoring, digital oil-field infrastructure, reduced power consumption, mine automation, greater safety and security of assets to increase the productivity of each oil reservoir, further substantiates the growth of the North America IoT in Oil and Gas Market in the forecast years.





The North America IoT in oil & gas market segmentation is based on industry stream, solution, application, country, and by company. Based on industry stream, the market is further fragmented into the upstream, downstream, and midstream. Upstream industries are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of increasing number of companies involved in identifying, extracting, or producing raw materials. Moreover, increasing demand for the oil and gas from various end use industries and higher demand for the internet-based services to explore potential reservoirs of oil, are also driving the growth of the North America IoT in oil and gas market in the next five years.

IBM Corporation, Microsoft Corporation, Honeywell International Inc., Rockwell Automation Inc., Intel Corporation, C3.ai, Inc., Adobe Inc., Cisco Systems Inc., Equinor ASA, ABB Ltd., Siemens USA are among the major market players in the North America IoT in Oil & Gas Market.

Years considered for this report:

  • Historical Years: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2022
  • Forecast Period: 2023-2027

Objective of the Study:

  • To analyze the historical growth in the market size of North America IoT in oil & gas market from 2017 to 2021.
  • To estimate and forecast the market size of North America IoT in oil & gas market from 2022 to 2027 and growth rate until 2027.
  • To classify and forecast North America IoT in oil & gas market based on industry stream, solution, application, country, and by company.
  • To identify dominant country or segment in the North America IoT in oil & gas market.
  • To identify drivers and challenges for North America IoT in oil & gas market.
  • To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in North America IoT in oil & gas market.
  • To identify and analyze the profile of leading players operating in North America IoT in oil & gas market.
  • To identify key sustainable strategies adopted by market players in North America IoT in oil & gas market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of companies across North America. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the companies which could not be identified due to the limitations of secondary research. The publisher analyzed the service providers, and presence of all major players across North America.

The publisher calculated the market size of North America IoT in oil & gas market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

  • Service providers, and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to IoT services in oil & gas industry
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as companies, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:


In this report, North America IoT in oil & gas market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

North America IoT in Oil & Gas Market, By Industry Stream:

  • Upstream
  • Midstream
  • Downstream

North America IoT in Oil & Gas Market, By Solution:

  • Sensor System
  • Communication & Networks
  • Data Management
  • Others

North America IoT in Oil & Gas Market, By Application:

  • Fleet & Asset Management
  • Preventive Maintenance
  • Pipeline Monitoring
  • Security Monitoring
  • Others

North America IoT in Oil & Gas Market, By Country:

  • United States
  • Canada
  • Mexico

Competitive Landscape


Company Profiles: Detailed analysis of the major companies present in North America IoT in Oil & Gas Market

Available Customizations:


With the given market data, the publisher offers customizations according to a company’s specific needs.

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.

Frequently Asked Questions about the North American IoT in Oil & Gas Market

What is the estimated value of the North American IoT in Oil & Gas Market?

The North American IoT in Oil & Gas Market was estimated to be valued at $5.5 Billion in 2017.

What is the growth rate of the North American IoT in Oil & Gas Market?

The growth rate of the North American IoT in Oil & Gas Market is 10.4%, with an estimated value of $14.7 Billion by 2027.

What is the forecasted size of the North American IoT in Oil & Gas Market?

The North American IoT in Oil & Gas Market is estimated to be worth $14.7 Billion by 2027.

Who are the key companies in the North American IoT in Oil & Gas Market?

Key companies in the North American IoT in Oil & Gas Market include IBM Corporation, Microsoft Corporation, Honeywell International Inc., Rockwell Automation Inc., Intel Corporation, C3.ai, Inc., Adobe Inc., Cisco Systems Inc. and ABB Ltd..

FEATURED COMPANIES

  • ABB Ltd.
  • Adobe Inc.
  • C3.ai, Inc.
  • Cisco Systems Inc.
  • Equinor ASA
  • IBM Corporation

1. Service Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on North America IoT in Oil & Gas Market
5. Voice of Customer
5.1. Brand Awareness & Brand Recall
5.2. Reasons for Adopting IoT in Oil & Gas Industry
5.3. Factors Considered while Selecting a Vendor
5.4. Satisfaction Level
5.5. Major Challenges/Issues while Adopting IoT in Oil & Gas Industry
6. North America IoT in Oil & Gas Market Outlook, 2017-2027F
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Industry Stream (Upstream, Downstream, Midstream)
6.2.2. By Solution (Sensor System, Communication & Networks, Data Management, Others)
6.2.3. By Application (Fleet & Asset Management, Preventive Maintenance, Pipeline Monitoring, Security Monitoring, Others)
6.2.4. By Country (United States, Canada, Mexico)
6.2.5. By Company (2021)
6.3. Market Map (By Industry Stream, By Solution, By Application, By Country)
7. United States IoT in Oil & Gas Market Outlook, 2017-2027F
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Industry Stream
7.2.2. By Solution
7.2.3. By Application
8. Canada IoT in Oil & Gas Market Outlook, 2017-2027F
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Industry Stream
8.2.2. By Solution
8.2.3. By Application
9. Mexico IoT in Oil & Gas Market Outlook, 2017-2027F
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Industry Stream
9.2.2. By Solution
9.2.3. By Application
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends and Developments12. Policy and Regulatory Landscape
13. Company Profiles
13.1. IBM Corporation
13.2. Microsoft Corporation
13.3. Honeywell International Inc.
13.4. Rockwell Automation Inc.
13.5. Intel Corporation
13.6. C3.ai, Inc.
13.7. Adobe Inc.
13.8. Cisco Systems Inc.
13.9. Equinor ASA
13.10. ABB Ltd.
13.11. Siemens USA
14. Strategic Recommendations

List of Figures

Figure 1: North America IoT in Oil & Gas Market Size, By Value (USD Billion), 2017-2027F
Figure 2: North America IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2017-2027F
Figure 3: North America IoT in Oil & Gas Market Share, By Solution, By Value, 2017-2027F
Figure 4: North America IoT in Oil & Gas Market Share, By Application, By Value, 2017-2027F
Figure 5: North America IoT in Oil & Gas Market Share, By Country, By Value, 2017-2027F
Figure 6: North America IoT in Oil & Gas Market Share, By Company, By Value, 2021
Figure 7: North America IoT in Oil & Gas Market Map, By Industry Stream, Market Size (USD Billion) & Growth Rate (%), 2021
Figure 8: North America IoT in Oil & Gas Market Map, By Solution, Market Size (USD Billion) & Growth Rate (%), 2021
Figure 9: North America IoT in Oil & Gas Market Map, By Application, Market Size (USD Billion) & Growth Rate (%), 2021
Figure 10: North America IoT in Oil & Gas Market Map, By Country, Market Size (USD Billion) & Growth Rate (%), 2021
Figure 11: United States IoT in Oil & Gas Market Size, By Value (USD Billion), 2017-2027F
Figure 12: United States IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2017-2027F
Figure 13: United States IoT in Oil & Gas Market Share, By Solution, By Value, 2017-2027F
Figure 14: United States IoT in Oil & Gas Market Share, By Application, By Value, 2017-2027F
Figure 15: Canada IoT in Oil & Gas Market Size, By Value (USD Billion), 2017-2027F
Figure 16: Canada IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2017-2027F
Figure 17: Canada IoT in Oil & Gas Market Share, By Solution, By Value, 2017-2027F
Figure 18: Canada IoT in Oil & Gas Market Share, By Application, By Value, 2017-2027F
Figure 19: Mexico IoT in Oil & Gas Market Size, By Value (USD Billion), 2017-2027F
Figure 20: Mexico IoT in Oil & Gas Market Share, By Industry Stream, By Value, 2017-2027F
Figure 21: Mexico IoT in Oil & Gas Market Share, By Solution, By Value, 2017-2027F
Figure 22: Mexico IoT in Oil & Gas Market Share, By Application, By Value, 2017-2027F

A selection of companies mentioned in this report includes:

  • IBM Corporation
  • Microsoft Corporation
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Intel Corporation
  • C3.ai, Inc.
  • Adobe Inc.
  • Cisco Systems Inc.
  • Equinor ASA
  • ABB Ltd.
  • Siemens USA