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Internet of Things (IoT) in Oil and Gas Market Value, Scope & Growth Outlook 2028

  • Writer: Amit Kumar
    Amit Kumar
  • 2 days ago
  • 4 min read
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The Internet of Things (IoT) in Oil and Gas Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.

What will be the market size of Internet of Things (IoT) in Oil and Gas market 2028?

The Global Internet of Things (IoT) in Oil and Gas Market is projected to grow at a CAGR of around 23% during the forecast period, i.e., 2023-28.

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Who are the top companies operating in the Internet of Things (IoT) in Oil and Gas market?

The report features prominent companies operating in the Internet of Things (IoT) in Oil and Gas market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in Internet of Things (IoT) in Oil and Gas market: North America attained a sizable share of the Global IoT in the Oil and Gas Market in the historical period due to a rapid surge in the production rate of unconventional energy sources, including oil and gas.

What is the key factor projected to fuel growth in the Internet of Things (IoT) in Oil and Gas Market between 2023 and 2028?

Introduction of DDS (Data Distribution Service) For Remote Access - Companies working with IoT devices are required to choose a storage solution for remote access. The proposed DDS (Data Distribution Service) is capable of handling massive amounts of data from many sources. It can be used to store data from a remote location and has the ability to deal with historical data. The storage can be designed to support various data kinds and offer various storage levels. Additionally, it manages high-rate data streams from a variety of IoT objects. By calling particular data flow processing within the DDS, it may adjust to this high-velocity input. Thus, organizations must develop their data management plan in order to fully benefit from cloud-based data storage. While some data may need to be preserved for regulatory considerations, some data needs to be kept locally. Backed by the unparalleled benefits, the industry players are largely leaning towards these solutions.

Internet of Things (IoT) in Oil and Gas Market - Segmentation Analysis

  • By Solution (Communication, Sensing, Data Management, Cloud and Edge Computing),

  • By Industry Stream (Upstream, Downstream, Midstream),

  • By Application (Preventive Maintenance, Pipeline & Equipment Monitoring, Fleet and Asset Management, Security Management, Asset Management, Others (Data Management and Hazardous Management)),

  • By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa),

  • By Country (U.S, Canada, Brazil, Argentina, Mexico, Germany, France, The U.K, Spain, Italy, China, India, Japan, Australia, GCC, Africa),

  • By Competitors (Intel Corporation, Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, Alphabet Inc., Cognizant, Siemens AG, Rockwell Automation Inc., General Electric Company, Wipro Limited, SAP SE, Cisco Systems, Inc., HCL Technologies Ltd., Telit Communications PLC, PTC Inc.)

How does the Internet of Things (IoT) in Oil and Gas Market vary across different geography?

By Region

  • North America

  • South America

  • Europe

  • The Middle East & Africa

  • Asia-Pacific

Geographically, North America attained a sizable share of the Global IoT in the Oil and Gas Market in the historical period due to a rapid surge in the production rate of unconventional energy sources, including oil and gas.

This Section cover detailed analysis of revenue, market share and growth rate, historical data (2020-23) and forecast (2025-2028) of the following segmentation and geography.

Comprehensive Table of Contents – Internet of Things (IoT) in Oil and Gas Market Analysis and Forecast, 2028

  1. Table 1: Introduction

  2. Table 2: Executive Summary

  3. Table 3: Market Regulations, Policies & Standards

  4. Table 4: Internet of Things (IoT) in Oil and Gas Market Size, Share & Scope, 2020-2028F

  5. Table 5: Market Trends & Developments

  6. Table 6: Market Dynamics (Key Drivers, and Challenges)

  7. Table 7: Market Hotspots & Opportunities

  8. Table 8: Market Value Chain Analysis

  9. Table 9: Market Outlook, 2020-2028F

  10. Table 10: Market Size & Analysis by Revenues (USD Million): 

  11. Table 11: Market Size & Forecast 2020–2028 by Segmentation

  12. Table 12: Market Size & Forecast 2020–2028 by Geography

  13. Table 13: Key Strategic Imperatives for Success & Growth

  14. Table 14: Competitor Analysis of Internet of Things (IoT) in Oil and Gas Companies

Key Benefits for Industry Participants and Stakeholders

  • Insight into emerging market trends and investment opportunities

  • Understanding of regional market dynamics and competitive landscapes

  • Data-driven forecasts to support strategic decision-making

  • Access to industry benchmarks for performance evaluation

  • Identification of potential risks and growth challenges

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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