What is Connected Solutions for Oil & Gas?
Oil & Gas market is being transformed by digitization. Linked devices play a vital role in everything from oil exploration and drilling equipment to robotics, remote control, computer protection, and logistics. Oil & gas firms are looking at Internet of Things (IoT) to help ensure the protection and security of their precious oil and gas properties during exploration and distribution. Carbon extraction and transportation from the source to the refinery to the end-user is as difficult as it is crucial. The oil & gas industry is in the spotlight as petroleum and oil organizations strive for market share in a market, owing to shrink in demand as a result of the global Covid pandemic. Oil & gas systems will cover a wide range of applications using IoT components, tools, and platforms, from measuring container levels to sensing equipment status to deciding when to perform maintenance. These integrated technologies lead to a more effective and responsive system, as well as a more efficient and cleaner oil and gas supply chain.
The market study is broken down, by Application (Asset Tracking and Monitoring, Supply Chain Management, Leak Detection, Fleet Management, Predictive and Preventive Maintenance and Others) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that Manufacturers from United States will contribute to the maximum growth of Global Connected Solutions for Oil & Gas market throughout the predicted period.
Cisco Systems Inc. (United States), Intel Corporation (United States), Sierra Wireless (Canada), General Electric (United States), Honeywell International (United States), Telit (United Kingdom), Schneider Electric (France), Siemens AG (Germany), Robert Bosch GmbH (Germany) and Cognizant (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SOURIAU SAS (France) and WAGO Kontakttechnik (Germany).
AdvanceMarketAnalytics has segmented the market of Global Connected Solutions for Oil & Gas market by Type, Application and Region.
On the basis of geography, the market of Connected Solutions for Oil & Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Value Chain, the sub-segment i.e. Downstream will boost the Connected Solutions for Oil & Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware (Sensors, Beacons, IoT Gateways) will boost the Connected Solutions for Oil & Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 3rd July, 2017 – General Electric (GE) Combined Its GE Oil & Gas Segment with Baker Hughes (GE Owned Company that Specializes in Industry-Leading Equipment, Services and Digital Solutions). This Combination is Set to Enhance GE’s Oil & Gas Portfolio by Implementing IoT.
On 12th January, 2021 - Sierra Wireless Chose Zenoss (Leading Intelligent Application and Service Monitoring Solution Provider), to Develop Intelligent Monitoring Platform for its Complex IoT Systems.
- Global Pandemic Facilitated Digitization
- Prevalence of Remote Monitoring Techniques across Business Verticals
- Remote Monitoring Reduces Complications and Downtime
- Cost Efficiency and Minimal On-Site Presence and Less Delay
- Less Impact Environment with Real-Time Updates
- Fast Pace Technical Progress in Oil and Gas Sector
- Shift from Traditional Approach to Software
- Technical Issues
Key Target AudienceOil & Gas Refineries, New Entrants and Investors, Software Service Providers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase