IoT in Oil & Gas Industry Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The "Global IoT in Oil & Gas Industry Market Analysis to 2031" is a specialized and in-depth study of the IoT in Oil & Gas Industry with a focus on the global IoT in Oil & Gas Industry market trend. The report aims to provide an overview of the global IoT in Oil & Gas Industry market with detailed market segmentation by component, connectivity, deployment type, application, and geography. The global IoT in Oil & Gas Industry market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It also provides market size and forecast till 2031 for overall IoT in Oil & Gas Industry market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting IoT in Oil & Gas Industry market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global IoT in Oil & Gas Industry Market report.
Also, key IoT in Oil & Gas Industry market players influencing the market is profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, a key development in the past five years. Some of the key players influencing the market are ABB Ltd., AGT International, Carriots S.L., Cisco Systems, Eurotech SpA, General Electric Company, Honeywell International Inc., IBM Corporation, Kore Telematics, and Telit among others.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
o IoT in Oil & Gas Industry Market - By Component
o IoT in Oil & Gas Industry Market - By Connectivity
o IoT in Oil & Gas Industry Market - By Deployment Type
o IoT in Oil & Gas Industry Market - By Application
o IoT in Oil & Gas Industry Market - By Region
- By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IOT IN OIL & GAS INDUSTRY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. IOT IN OIL & GAS INDUSTRY MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
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6. IOT IN OIL & GAS INDUSTRY MARKET - GLOBAL MARKET ANALYSIS
6.1. IOT IN OIL & GAS INDUSTRY - GLOBAL MARKET OVERVIEW
6.2. IOT IN OIL & GAS INDUSTRY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
6. IOT IN OIL & GAS INDUSTRY MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT
6.4. OVERVIEW
6.5. COMPONENT MARKET FORECASTS AND ANALYSIS
6.6. SOLUTION
6.6.1. Overview
6.6.2. Solution Market Forecast and Analysis
6.7. SERVICE
6.7.1. Overview
6.7.2. Service Market Forecast and Analysis
6.7.2.1. Professional Service
6.7.2.1.1. Overview
6.7.2.1.2. Professional Service Market Forecast and Analysis
6.7.2.2. Managed Service
6.7.2.2.1. Overview
6.7.2.2.2. Managed Service Market Forecast and Analysis
7. IOT IN OIL & GAS INDUSTRY MARKET REVENUE AND FORECASTS TO 2028 - CONNECTIVITY
7.1. OVERVIEW
7.2. CONNECTIVITY MARKET FORECASTS AND ANALYSIS
7.3. WIFI
7.3.1. Overview
7.3.2. WiFi Market Forecast and Analysis
7.4. BLUETOOTH
7.4.1. Overview
7.4.2. Bluetooth Market Forecast and Analysis
7.5. LORA
7.5.1. Overview
7.5.2. LoRa Market Forecast and Analysis
7.6. SIGFOX
7.6.1. Overview
7.6.2. SigFox Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. IOT IN OIL & GAS INDUSTRY MARKET REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
8.1. OVERVIEW
8.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISES
8.3.1. Overview
8.3.2. On-Premises Market Forecast and Analysis
8.4. CLOUD BASED
8.4.1. Overview
8.4.2. Cloud Based Market Forecast and Analysis
8.4.2.1. Private Cloud
8.4.2.1.1. Overview
8.4.2.1.2. Private Cloud Market Forecast and Analysis
8.4.2.2. Public Cloud
8.4.2.2.1. Overview
8.4.2.2.2. Public Cloud Market Forecast and Analysis
9. IOT IN OIL & GAS INDUSTRY MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. UPSTREAM
9.3.1. Overview
9.3.2. Upstream Market Forecast and Analysis
9.4. MIDSTREAM
9.4.1. Overview
9.4.2. Midstream Market Forecast and Analysis
9.5. DOWNSTREAM
9.5.1. Overview
9.5.2. Downstream Market Forecast and Analysis
10. IOT IN OIL & GAS INDUSTRY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America IoT in Oil & Gas Industry Market Overview
10.1.2. North America IoT in Oil & Gas Industry Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Component
10.1.4. North America Market Forecasts and Analysis - By Connectivity
10.1.5. North America Market Forecasts and Analysis - By Deployment Type
10.1.6. North America Market Forecasts and Analysis - By Application
10.1.7. North America Market Forecasts and Analysis - By Countries
10.1.7.1. US market
10.1.7.1.1. US Market by Component
10.1.7.1.2. US Market by Connectivity
10.1.7.1.3. US Market by Deployment Type
10.1.7.1.4. US Market by Application
10.1.7.2. Canada market
10.1.7.2.1. Canada Market by Component
10.1.7.2.2. Canada Market by Connectivity
10.1.7.2.3. Canada Market by Deployment Type
10.1.7.2.4. Canada Market by Application
10.1.7.3. Mexico market
10.1.7.3.1. Mexico Market by Component
10.1.7.3.2. Mexico Market by Connectivity
10.1.7.3.3. Mexico Market by Deployment Type
10.1.7.3.4. Mexico Market by Application
10.2. EUROPE
10.2.1. Europe IoT in Oil & Gas Industry Market Overview
10.2.2. Europe IoT in Oil & Gas Industry Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Component
10.2.4. Europe Market Forecasts and Analysis - By Connectivity
10.2.5. Europe Market Forecasts and Analysis - By Deployment Type
10.2.6. Europe Market Forecasts and Analysis - By Application
10.2.7. Europe Market Forecasts and Analysis - By Countries
10.2.7.1. France market
10.2.7.1.1. France Market by Component
10.2.7.1.2. France Market by Connectivity
10.2.7.1.3. France Market by Deployment Type
10.2.7.1.4. France Market by Application
10.2.7.2. Germany market
10.2.7.2.1. Germany Market by Component
10.2.7.2.2. Germany Market by Connectivity
10.2.7.2.3. Germany Market by Deployment Type
10.2.7.2.4. Germany Market by Application
10.2.7.3. Italy market
10.2.7.3.1. Italy Market by Component
10.2.7.3.2. Italy Market by Connectivity
10.2.7.3.3. Italy Market by Deployment Type
10.2.7.3.4. Italy Market by Application
10.2.7.4. Russia market
10.2.7.4.1. Russia Market by Component
10.2.7.4.2. Russia Market by Connectivity
10.2.7.4.3. Russia Market by Deployment Type
10.2.7.4.4. Russia Market by Application
10.2.7.5. UK market
10.2.7.5.1. UK Market by Component
10.2.7.5.2. UK Market by Connectivity
10.2.7.5.3. UK Market by Deployment Type
10.2.7.5.4. UK Market by Application
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific IoT in Oil & Gas Industry Market Overview
10.3.2. Asia Pacific IoT in Oil & Gas Industry Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Component
10.3.4. Asia Pacific Market Forecasts and Analysis - By Connectivity
10.3.5. Asia Pacific Market Forecasts and Analysis - By Deployment Type
10.3.6. Asia Pacific Market Forecasts and Analysis - By Application
10.3.7. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.7.1. South Korea
10.3.7.1.1. South Korea Market by Component
10.3.7.1.2. South Korea Market by Connectivity
10.3.7.1.3. South Korea Market by Deployment Type
10.3.7.1.4. South Korea Market by Application
10.3.7.2. China market
10.3.7.2.1. China Market by Component
10.3.7.2.2. China Market by Connectivity
10.3.7.2.3. China Market by Deployment Type
10.3.7.2.4. China Market by Application
10.3.7.3. India market
10.3.7.3.1. India Market by Component
10.3.7.3.2. India Market by Connectivity
10.3.7.3.3. India Market by Deployment Type
10.3.7.3.4. India Market by Application
10.3.7.4. Japan market
10.3.7.4.1. Japan Market by Component
10.3.7.4.2. Japan Market by Connectivity
10.3.7.4.3. Japan Market by Deployment Type
10.3.7.4.4. Japan Market by Application
10.3.7.5. Australia market
10.3.7.5.1. Australia Market by Component
10.3.7.5.2. Australia Market by Connectivity
10.3.7.5.3. Australia Market by Deployment Type
10.3.7.5.4. Australia Market by Application
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa IoT in Oil & Gas Industry Market Overview
10.4.2. Middle East and Africa IoT in Oil & Gas Industry Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Component
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Connectivity
10.4.5. Middle East and Africa Market Forecasts and Analysis - By Deployment Type
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Application
10.4.7. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.7.1. South Africa market
10.4.7.1.1. South Africa Market by Component
10.4.7.1.2. South Africa Market by Connectivity
10.4.7.1.3. South Africa Market by Deployment Type
10.4.7.1.4. South Africa Market by Application
10.4.7.2. Saudi Arabia market
10.4.7.2.1. Saudi Arabia Market by Component
10.4.7.2.2. Saudi Arabia Market by Connectivity
10.4.7.2.3. Saudi Arabia Market by Deployment Type
10.4.7.2.4. Saudi Arabia Market by Application
10.4.7.3. UAE market
10.4.7.3.1. UAE Market by Component
10.4.7.3.2. UAE Market by Connectivity
10.4.7.3.3. UAE Market by Deployment Type
10.4.7.3.4. UAE Market by Application
10.5. SOUTH AMERICA (SAM)
10.5.1. South America IoT in Oil & Gas Industry Market Overview
10.5.2. South America IoT in Oil & Gas Industry Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Component
10.5.4. South America Market Forecasts and Analysis - By Connectivity
10.5.5. South America Market Forecasts and Analysis - By Deployment Type
10.5.6. South America Market Forecasts and Analysis - By Application
10.5.7. South America Market Forecasts and Analysis - By Countries
10.5.7.1. Brazil market
10.5.7.1.1. Brazil Market by Component
10.5.7.1.2. Brazil Market by Connectivity
10.5.7.1.3. Brazil Market by Deployment Type
10.5.7.1.4. Brazil Market by Application
10.5.7.2. Argentina market
10.5.7.2.1. Argentina Market by Component
10.5.7.2.2. Argentina Market by Connectivity
10.5.7.2.3. Argentina Market by Deployment Type
10.5.7.2.4. Argentina Market by Application
10.5.7.3. Rest of SAM market
10.5.7.3.1. Rest of SAM Market by Component
10.5.7.3.2. Rest of SAM Market by Connectivity
10.5.7.3.3. Rest of SAM Market by Deployment Type
10.5.7.3.4. Rest of SAM Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
11.4. COMPETITIVE PRODUCT MAPPING
12. IOT IN OIL & GAS INDUSTRY MARKET, KEY COMPANY PROFILES
12.1. ABB LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AGT INTERNATIONAL
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CARRIOTS S.L.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CISCO SYSTEMS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. EUROTECH SPA
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. GENERAL ELECTRIC COMPANY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. HONEYWELL INTERNATIONAL INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. IBM CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. KORE TELEMATICS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TELIT
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
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1. ABB Ltd.
2. AGT International
3. Carriots S.L.
4. Cisco Systems
5. Eurotech SpA
6. General Electric Company
7. Honeywell International Inc.
8. IBM Corporation
9. Kore Telematics
10. Telit.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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