North America IoT in oil & gas market is forecast to grow at a CAGR of around 12% during 2021-2025. IoT adoption in oil & gas allows in improving safety and while increasing profits at the same time. IoT will allow the industry to digitize, optimize, and automate processes that were previously disconnected, which would save time, money, besides increasing safety. Fluctuations in the oil prices and the digitization boom in the oil & gas industry are anticipated to drive North America IoT in oil & gas market over the coming years. Additionally, widespread implementation of the cloud-based software systems is further forecast to fuel the market on account of reduced security risks and increasing production capabilities.

North America IoT in oil & gas market is segmented based on industry stream, solution, application, company, and country. Based on application, the market can be segmented into fleet & asset management, preventive maintenance, pipeline monitoring, security monitoring and others. The preventive maintenance segment is expected to witness significant growth during the forecast period since by utilizing IoT and creating a maintenance strategy, oil & gas companies can track deteriorated parts and equipment with higher possibility of diagnosing a problem remotely through preventive maintenance.

Major players operating in the North America IoT in oil & gas market include 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. Market players are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

Years considered for this report:

  • Historical Years: 2015-2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of North America IoT in oil & gas market.
  • To classify and forecast North America IoT in oil & gas market based on industry stream, solution, application, company and country distribution.
  • To identify drivers and challenges for North America IoT in oil & gas market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in North America IoT in oil & gas market.
  • To conduct pricing analysis for North America IoT in oil & gas market.
  • To identify and analyze the profile of leading players operating in North America IoT in oil & gas market.


Key Target Audience:

  • IoT in oil & gas service providers, vendors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to IoT in oil & gas
  • Market research and consulting firms


The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:
In this report, North America IoT in oil & gas market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Industry Stream:
  • Upstream
  • Downstream
  • Midstream
Market, By Solution:
  • Sensor System
  • Communication Networks
  • Data Management
  • Others
Market, By Application:
  • Fleet & Asset Management
  • Preventive Maintenance
  • Pipeline Monitoring
  • Security Monitoring
  • Others
Market, By Country:
  • United States
  • Canada
  • Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in North America IoT in oil & gas market.