North America IoT in Oil & Gas Market to Grow at 12% through 2025
Increasing availability of wireless networks to drive North
America IoT in oil & gas market
According to
TechSci Research report, “North America IoT in Oil & Gas Market By Industry Stream, By
Solution, By Application, By Country, Competition, Forecast &
Opportunities, 2025”, North America IoT in oil & gas market
is projected to grow at a CAGR of around 12% during 2021-2025 owing to the higher
efficiency, digitization and automation achieved in the oil & gas sector
through IoT adoption. In terms of industry stream, North America IoT in oil
& gas industry is segmented into Upstream, Downstream, and Midstream
segments. The Upstream segment accounted for the highest market share of over
40% in 2019, followed by Downstream and Midstream segments, and this trend is
expected to continue through 2025.
Browse more than 21 market data Figures spread through 70 Pages and an in-depth TOC on "North America IoT in
Oil & Gas Market"
https://www.techsciresearch.com/report/north-america-iot-in-oil-and-gas-market/4339.html
By Solution segmentation, the market is
categorized into sensor system, communication network, data management, and
others. The sensor system and communication network segments dominate the
market, with both cumulatively
accounting for more than 70% of the market share in 2019. The data management solution
is foreseen to grow at the fastest pace
during the forecast years owing to the increasing use of data analysis. By
Application, the market is bifurcated into fleet & asset management,
preventive maintenance, pipeline monitoring, security monitoring, and others. The
fleet & asset management system helps the Oil and Gas industry to increase
overall efficiency and prevent accidental mishaps.
C3 IoT, Inc., Cisco
Systems, Inc., Equinor US Holding Inc, ABB Ltd., General Electric Company,
Honeywell International Inc., Intel Corporation, International Business
Machines Corporation (IBM), Microsoft Corporation, Rockwell Automation Inc. and
others are some of the leading players operating in North America IoT in oil
& gas market. “The IoT in oil & gas market in North America is expected
to witness steady growth in the coming years on account of increasing adoption of
modern technologies and high government support prevalent in the region that
boost IoT adoption.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
Download Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=4339
Customers can
also request for 10% free customization on this report.
“North America IoT in Oil & Gas Market By Industry
Stream, By Solution, By Application, By Country, Competition, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of North America IoT in oil & gas market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in North America IoT in oil & gas market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]