Global Internet of Things (IoT) in Oil and Gas Market Trend, Size, Share, Trends, Growth, Report and Forecast 2023-2028

MarkNtel Advisors recently published a report, titled, ” Global Internet of Things (IoT) in Oil and Gas Market 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). As per as the report 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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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.

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

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.

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)

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By Region

-North America

-South America

-Europe

-Asia Pacific

-Middle East and Africa.

Key questions answered in the Global Internet of Things (IoT) in Oil and Gas Market are:

  • What is Global Internet of Things (IoT) in Oil and Gas Market?
  • What was the market size in 2022?
  • What is the growth rate of the Global Internet of Things (IoT) in Oil and Gas Market?
  • Which are the factors expected to drive the market growth?
  • What are the different segments of the Global Internet of Things (IoT) in Oil and Gas Market?
  • What segments are covered in the Market?
  • Who are the key players in the Global Internet of Things (IoT) in Oil and Gas Market?

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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.

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