A recent study published by MarkNtel Advisors on the Global Internet of Things (IoT) in Oil and Gas Market Share, Size, Trends, Growth, Report and Forecast 2023-28 brings together an in-depth understanding of all aspects influencing the industry's expansion both in the present and during the historical period 2018-21. This analysis comprises unbiased, accurate, & reliable market intelligence, shedding light on key parameters like the market growth drivers, challenges, restraints, and opportunities, among others. The stakeholders can attain data on the key trends, recent developments, investments & strategies, among other elements shaping the market dynamics.

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Internet of Things (IoT) in Oil and Gas Market Dynamics

“Internet of Things (IoT) in Oil and Gas Market Analysis, 2023” research report entails a detail-oriented analysis of aspects like the Covid-19 impact, segmentation analysis, country/regional landscape, recent developments, demand & supply chain, and product/service pricing, among others, driving the market expansion across different segments & geographies. This section aims solely to enlighten the stakeholders & the leading players to plan & lay out new strategies for expanding their visibility, product portfolio, & customer base and generating significant revenues in the coming years.

Growth Opportunities: Introduction of DDS (Data Distribution Service) For Remote Access

Companies working with IoT devices are required to choose a storage solution for remote access. The proposed DDS (Data Distribution Service) is capable of handling massive amounts of data from many sources. It can be used to store data from a remote location and has the ability to deal with historical data. The storage can be designed to support various data kinds and offer various storage levels. Additionally, it manages high-rate data streams from a variety of IoT objects. By calling particular data flow processing within the DDS, it may adjust to this high-velocity input. Thus, organizations must develop their data management plan in order to fully benefit from cloud-based data storage. While some data may need to be preserved for regulatory considerations, some data needs to be kept locally. Backed by the unparalleled benefits, the industry players are largely leaning towards these solutions.

Impact of Covid-19 on the Internet of Things (IoT) in Oil and Gas Market

The advent of Covid-19 in 2020 had a consequential effect on most industries worldwide that instigated our analysts to rigorously examine the ground reality of situations in the Internet of Things (IoT) in Oil and Gas Market by constantly interacting with the industry experts. The Covid-19 impact analysis section compiles all attributes of relevant events that happened during & after the outbreak, alongside the strategies adopted by the industry players to overcome the damages & sustain amidst the crisis.

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Internet of Things (IoT) in Oil and Gas Market Major Segments

The Internet of Things (IoT) in Oil and Gas Market bifurcates into the following segmentations:

-By Solution

  • Communication
  • Sensing
  • Data Management
  • Cloud and Edge Computing

-By Industry Stream

  • Upstream
  • Downstream
  • Midstream

-By Application

  • Preventive Maintenance
  • Pipeline & Equipment Monitoring
  • Fleet and Asset Management
  • Security Management
  • Asset Management
  • Others (Data Management and Hazardous Management)

Internet of Things (IoT) in Oil and Gas Market Geographical Landscape

On the geographical front, the market expands across:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Competitive Analysis

The study on Internet of Things (IoT) in Oil and Gas Market brings together extensive research on the prominent companies participating in the industry by rigorously profiling their operations, product/service portfolio, mergers & acquisitions, expansion plans, recent developments, key strategies, and opportunities to attain higher profit margins. The leading industry players, as profiled in the report, include the following:

  • 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.

ABOUT US:

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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