Global IoT In Oil And Overview
IoT in Oil and gas market has been facing various challenges over the past few years. Decreasing oil prices have forced companies to examine their exploration and production strategy and have reduced the cash flows. Oil and gas companies are also experiencing a major challenge on how to use digital solutions to address the fluctuation in demand and pricing. Even if oil and gas companies have been slow to adopt new technologies, they also recognize that to compete in the digital era they should transform their business processes, models, and IT operations.
Drivers and Restraints:
IoT is booming the oil and gas companies in achieving global presence. Embedded automation, sensors, and connectivity with data communications can provide and gather operational data from remote locations. This benefits the sensor manufactures understand the operations in a detailed and accurate manner. Further, IoT also helps to eliminate physical barriers so that the companies can reach remote locations. The benefits of IoT technology for oil and gas are extensive from internet service providers to equipment manufacturers. Implementation of IoT technology in the oil and gas industry results in increased sustainability and productivity. Moreover, the shift towards the use of IoT in the oil and gas industry has been stimulated owing to lowering the cost of the sensors and the increasing availability of the wireless network. Growing cyber-attacks leveraging the spending on IoT in the oil and gas industry is the major factor driving the growth of the IoT in oil and gas market. Also, the need for increased operational efficiency and scarcity of skilled labor is boosting the growth of the target market. However, privacy and security concern issues and obsolete communication infrastructure may restrain the growth of the global market. Nevertheless, the introduction of next-generation sensors, edge computing and software in the oil and gas industry along with IoT based smart automation using drones in oil and gas industry is expected to create lucrative growth opportunities for the target market.
Segmentation:
IoT in oil and gas market is segmented based on industry stream, solution, application, and region.
Based on industry stream, the IoT in oil and gas market is segmented into upstream, midstream, and downstream. Based on the solution, the target market is classified into sensing systems, communication, cloud and edge computing, and data management. Based on application, the global market is bifurcated into fleet and asset management, preventive maintenance, pipeline monitoring, security management, and others
On the region, the IoT in oil and gas market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2016, North America dominated the global IoT oil & gas market and is expected to maintain its dominance throughout the forecast period. This is mainly attributed due to growth in a production rate of shale oil and tight oil, among others. A recent announcement for expansion of offshore shipping and pipelines to transport oil is projected to boost the midway market in the U.S.
Key Players:
The key players operating the IoT in oil and gas market include ABB Ltd., C3 IoT, Cisco Systems, Equinor, General Electric, Microsoft Corporation, Honeywell International Inc., Intel Corporation, International Business Machines Corporation (IBM), Rockwell Automation Inc., and Royal Dutch Shell. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.
Detailed Segmentation:
IoT in Oil and Gas Market, By Industry Stream:
- Upstream
- Midstream
- Downstream
IoT in Oil and Gas Market, By Solution:
- Sensing Systems
- Communication
- Cloud and Edge Computing
- Data Management
IoT in Oil and Gas Market, By Application:
- Fleet and Asset Management
- Preventive Maintenance
- Pipeline Monitoring
- Security Management
- Others
IoT in Oil and Gas Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa IoT in Oil and Gas Market, By Industry Stream
- Middle East & Africa IoT in Oil and Gas Market, By Solution
- Middle East & Africa IoT in Oil and Gas Market, By Application
- Middle East & Africa IoT in Oil and Gas Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America IoT in Oil and Gas Market, By Industry Stream
- Latin America IoT in Oil and Gas Market, By Solution
- Latin America IoT in Oil and Gas Market, By Application
- Latin America IoT in Oil and Gas Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific IoT in Oil and Gas Market, By Industry Stream
- Asia Pacific IoT in Oil and Gas Market, By Solution
- Asia Pacific IoT in Oil and Gas Market, By Application
- Asia Pacific IoT in Oil and Gas Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe IoT in Oil and Gas Market, By Industry Stream
- Europe IoT in Oil and Gas Market, By Solution
- Europe IoT in Oil and Gas Market, By Application
- Europe IoT in Oil and Gas Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America IoT in Oil and Gas Market, By Industry Stream
- North America IoT in Oil and Gas Market, By Solution
- North America IoT in Oil and Gas Market, By Application
- North America IoT in Oil and Gas Market, By Country
- U.S.
- Canada
- Middle East & Africa
Company Profile:
- ABB Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- C3 IoT
- Cisco Systems
- Equinor
- General Electric
- Honeywell International Inc.
- Intel Corporation
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Rockwell Automation Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global IoT In Oil And Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for IoT in Oil and Gas Strategies
- Key Questions this Study will Answer
- Market Snippet, By Industry Stream
- Market Snippet, By Solution
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Industry Stream, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Upstream
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Midstream
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Downstream
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Solution, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Sensing Systems
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Communication
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Cloud and Edge Computing
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Data Management
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Fleet and Asset Management
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Preventive Maintenance
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Pipeline Monitoring
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Security Management
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market IoT in Oil and Gas and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Industry Stream, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Solution, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Application, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Industry Stream, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Solution, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Application, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Industry Stream, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Solution, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Application, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Industry Stream, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Solution, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Application, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Industry Stream, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Solution, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Application, 2020 – 2030
- Market IoT in Oil and Gas and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- ABB Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- C3 IoT
- Cisco Systems
- Equinor
- General Electric
- Honeywell International Inc.
- Intel Corporation
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Rockwell Automation Inc.
- ABB Ltd.
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The market report has been segmented based on industry stream, solution, application, and region.
The Industrial Automation Software Market is witnessing trends such as the increasing adoption of edge computing, the integration of artificial intelligence and machine learning for predictive maintenance, and the rise of cloud-based solutions.
Key factors driving the Industrial Automation Software Market include the growing demand for operational efficiency, the need for real-time data analytics, and the push towards Industry 4.0 initiatives.
The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the Industrial Automation Software Market, fueled by the rapid industrialization in countries like China and India, increased manufacturing activities, and the adoption of advanced technologies across industries.
The prominent player operating in the IoT in Oil and Gas market includes ABB Ltd., C3 IoT, Cisco Systems, Equinor, General Electric, Microsoft Corporation, Honeywell International Inc., Intel Corporation, International Business Machines Corporation (IBM), Rockwell Automation Inc., and Royal Dutch Shell.