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Global IoT in Oil and Gas Market Research Report: Forecast (2021-2026)

  • ID: 5439646
  • Report
  • June 2021
  • Region: Global
  • 254 Pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • Alphabet Inc.
  • Cisco Systems Inc.
  • General Electric Company
  • IBM Corporation
  • Microsoft Corporation
  • Rockwell Automation Inc.

Market Overview


The Internet of Things (IoT) in the oil & gas industry is beneficial for creating a network of physical objects connected to the Internet. With the help of IoT, these objects can communicate and manage data with other connected devices.

According to the publishers’ research report, “Global IoT in Oil and Gas Market Analysis, 2021,” the market is likely to grow at a CAGR of around 23% during 2021-26. The market growth attributes to the surging demand for enhancing the operational efficiency of the oil & gas industry to accomplish energy requirements. In addition to this, the increasing threat of cyber-attacks and the decline in the availability of skilled labor in the oil and gas industry are other major factors fueling the market growth. Further, the mounting requirement of oil and gas companies to access real-time information across all locations leads to an increase in the demand for integrating IoT in oil & gas industries, thereby boosting the market growth.

Impact of COVID-19


The sudden outbreak of the COVID-19 pandemic has aided the need for technological developments and new applications within different end-use verticals. Moreover, due to the spread of disease, the demand for integrating IoT in oil & gas industries witnessed tremendous growth to enhance operational efficiency. Further, the spread of the pandemic resulted in a declining number of working staff. Hence, the demand for IoT in oil and gas increased significantly to manage communication between physical objects of the industry and improve their efficiency.

Market Segmentation


Asset Management Accounted for the Largest Market Share


Based on the Application, the market bifurcates into Preventive Maintenance, Pipeline & Equipment Monitoring, Fleet and Asset Management, Security Management, Asset Management, and Others including Data Management and Hazardous Management. Among these segments, Asset Management acquired the largest share in the Global IoT in the Oil and Gas Market in the previous few years. IoT-enabled asset management solution is beneficial for integrating every asset with all process & workflows into a single platform, which, in turn, offer a central & consolidated tracking system. Asset management includes asset maintenance that further helps control operations of assets and achieves an organizational strategic plan. Thus, these factors lead to boost the segment growth, cites the authors in their research report, “Global IoT in Oil and Gas Market Analysis, 2021.”

Data Management Dominated the Market


Based on the Solution, the market segments into Communication, Sensing, Data Management, Cloud, and Edge Computing. Amongst these, Data Management captured a significant share in the Global IoT in the Oil and Gas Market in the previous few years. Data management through IoT enables users to refine massive data into essential information and helps the user track, monitor, and manage the devices efficiently, thereby augmenting the segment growth.

Regional Landscape


North America Attained the Highest Market Share


Geographically, the North American region held the largest share in the Global IoT in the Oil and Gas Market in the past few years due to a surging production rate of unconventional energy sources, including oil and gas. In addition to this, the rapid expansion of offshore shipping for oil transportation, increasing awareness, and technological advancements in the region further propel the market growth.

Market Driver


Surging Demand for Digital Solution in the Industry boost the Market Growth


The oil and gas companies face a significant challenge in addressing the fluctuation of demand and pricing in their industry. Therefore, there is an increasing demand for a digital solution in these sectors to help connect physical objects to the Internet and enhance communication & management of massive data among all connected devices.

Competitive Landscape


According to the publishers, the major leading players in the global IoT in Oil and Gas market are Intel Corporation, Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, Alphabet Inc., Cognizant, Siemens AG, Rockwell Automation Inc., General Electric Company, Wipro Limited, SAP SE, Cisco Systems, Inc., HCL Technologies Ltd., Telit Communications PLC, and PTC Inc.

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global IoT in the Oil and Gas Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in Global IoT in Oil and Gas Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in Global IoT in Oil and Gas market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global IoT in Oil and Gas Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alphabet Inc.
  • Cisco Systems Inc.
  • General Electric Company
  • IBM Corporation
  • Microsoft Corporation
  • Rockwell Automation Inc.
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Definition

2. Executive Summary

3. Impact of COVID-19 on Global IoT in Oil and Gas Market

4. Global IoT in Oil and Gas Market Regulations & Policy

5. Global IoT in Oil and Gas Market Trends & Insights

6. Global IoT in Oil and Gas Market Dynamics
6.1. Drivers
6.2. Challenges
6.3. Impact Analysis

7. Global IoT in Oil and Gas Market Hotspots & Opportunities

8. Global IoT in Oil and Gas Market Start-up Ecosystem, 2016-2021
8.1. Entrepreneurial Activity
8.2. Year on Year Funding Received
8.3. Funding Received by Top Companies
8.4. Key Investors Active in the Market
8.5. Series Wise Funding Received

9. Global IoT in Oil and Gas Market Outlook, 2016- 2026F
9.1. Market Size & Analysis
9.2. Market Share & Analysis

10. North America IoT in Oil and Gas Market Outlook, 2016-2026F
10.1. Market Size & Analysis
10.2. Market Share & Analysis
10.3. The U.S. IoT in Oil and Gas Market Outlook, 2016-2026F
10.4. Canada IoT in Oil and Gas Market Outlook, 2016-2026F
10.5. Mexico IoT in Oil and Gas Market Outlook, 2016-2026F

11. South America IoT in Oil and Gas Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.2. Market Share & Analysis
11.3. Brazil IoT in Oil and Gas Market Outlook, 2016-2026F
11.4. Argentina IoT in Oil and Gas Market Outlook, 2016-2026F

12. Europe IoT in Oil and Gas Market Outlook, 2016-2026F
12.1. Market Size & Analysis
12.2. Market Share & Analysis
12.3. The U.K. IoT in Oil and Gas Market Outlook, 2016-2026F
12.4. Germany IoT in Oil and Gas Market Outlook, 2016-2026F
12.5. France IoT in Oil and Gas Market Outlook, 2016-2026F
12.6. Spain IoT in Oil and Gas Market Outlook, 2016-2026F
12.7. Italy IoT in Oil and Gas Market Outlook, 2016-2026F

13. Asia-Pacific IoT in Oil and Gas Market Outlook, 2016-2026F
13.1. Market Size & Analysis
13.2. Market Share & Analysis
13.3. China IoT in Oil and Gas Market Outlook, 2016-2026F
13.4. India IoT in Oil and Gas Market Outlook, 2016-2026F
13.5. Japan IoT in Oil and Gas Market Outlook, 2016-2026F
13.6. South Korea IoT in Oil and Gas Market Outlook, 2016-2026F
13.7. Australia IoT in Oil and Gas Market Outlook, 2016-2026F

14. Middle East and Africa IoT in Oil and Gas Market Outlook, 2016-2026F
14.1. Market Size & Analysis
14.2. Market Share & Analysis
14.3. GCC IoT in Oil and Gas Market Outlook, 2016-2026F
14.4. Africa IoT in Oil and Gas Market Outlook, 2016-2026F

15. Global IoT in Oil and Gas Market Key Strategic Imperatives for Success and Growth

16. Competition Outlook (Whichever Applicable)
16.1. Competition Matrix
16.2. Company Profiles

17. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Intel Corporation
  • Amazon Web Services Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Alphabet Inc.
  • Cognizant
  • Siemens AG
  • Rockwell Automation Inc.
  • General Electric Company
  • Wipro Limited
  • SAP SE
  • Cisco Systems Inc.
  • HCL Technologies Ltd.
  • Telit Communications PLC
  • PTC Inc.
Note: Product cover images may vary from those shown
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