According to Stratistics MRC, the Global IoT Solutions Market is expected to grow at a CAGR of 28.1% during the forecast period. Rising production of shale oil in the U.S, growth in electric vehicles, are some key factors fuelling the market growth. However, fluctuating prices of oil and gas, strict government regulations on IoT Industry are hindering the growth of the market.
By End-User, Oil & Gas industry (O&G) has a significant growth in the market. Iot Oil & Gas industries (O&G) are highly automated and connected. Internet of things has touched nearly every area of O&G process and consumer engagement. IoT is generating new opportunities for O&G companies to achieve safety, efficiency and visibility across the enterprise. North America is leading the market due to the technological advancements and rising production of unconventional energy sources such as shale oil and tight oil in this region.
Some of the key players in the Global IoT Solutions Market are SAP SE, Accenture, AGT International, Cisco Systems, Inc., Davra Networks, Flutura Business Solutions LLC., Intel Corporation, International Business Machine (IBM) Corporation, Maven Systems Pvt. Ltd., Symboticware Inc and Telit.
- Grid Control
- Digital Oilfield
- Other Applications
- Hardware Platform
- Analytic Software
- Oil & Gas
- Other End Users
- North America
- ·Rest of Europe
- Asia Pacific
- ·New Zealand
- ·South Korea
- ·Rest of Asia Pacific
- South America
- ·Rest of South America
- Middle East & Africa
- ·Saudi Arabia
- ·South Africa
- ·Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players.
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements