The MarkNtel Advisors has released its latest report titled "Global Internet of Things (IoT) in Oil and Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." This comprehensive analysis provides valuable insights into the market, including market share data. The report encompasses competitive analysis, geographical research, and recent advancements in the market. Whether you are an investor, researcher, consultant, marketing strategist, or planning to enter the industry in any capacity, this analysis can greatly benefit you.

Global Internet of Things (IoT) in Oil and Gas Market Definition:

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.

Global Internet of Things (IoT) in Oil and Gas Market Overview

The Global Internet of Things (IoT) in Oil and Gas Market is projected to grow at a CAGR of around 23% during the forecast period, i.e., 2023-28.

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What are the Growth Opportunities in the industry?

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.

Competitive Landscape With Leading Key Players:

The report's analysis of the Global Internet of Things (IoT) in Oil and Gas market's competitive environment includes thorough profiles of the major industry competitors.

Among these important figures 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

-PTC Inc.

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Important Global Internet of Things (IoT) in Oil and Gas Market Segmentation

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)

By Region

-North America

-South America

-Europe

-Asia Pacific

-Middle East and Africa

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Important Report Highlights:

• Historical Data (2018–2021)
• Base Year (2022)
• Market Prospects (2023–2028)
• Business Trends
• Drivers of the Market and Success Factors
• COVID-19's effects
• Value Chain Evaluation
• Comprehensive competitive landscape mapping

As part of the modification, we will give you any specific information you require that is not already covered by the report.

About MarkNtel Advisors

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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