Global Connected Solutions for Oil & Gas Market, By Component (Hardware, Software, Services), Value Chain (Upstream, Midstream, Downstream), Application (Asset Tracking and Monitoring, Predictive and Preventive Maintenance, Supply Chain Management, Leak Detection, Fleet Management, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Connected Solutions for Oil and Gas Market
The connected solutions for oil & gas market will reach at an estimated value of USD 14,084.4 million and grow at a CAGR of 16.20% in the forecast period of 2021 to 2028. Rising need for operational optimization in wobbling oil & gas sector is an essential factor driving the connected solutions for oil & gas market.
Connected pipeline solution is very helpful in solving challenge associated with damaging leaks leading to massive losses. Connected solution for oil & gas market is very helpful in enabling remote monitoring and also provides an appropriate solution to operational challenges due to COVID-19.
Rising availability of accurate data for making quick decisions is a crucial factor accelerating the market growth, also rising reduced equipment failure, and persistent plant automation have led to increased safety of workers, which in turn increases the product demand and rising oil and gas industries all over the globe are the major factors among others boosting the connected solutions for oil & gas market. Moreover, increasing research and development activities in the market and rising modernization in the technologies offered in the market will further create new opportunities for connected solutions for oil & gas market in the forecast period mentioned above.
However, rising issues faced due to rising Covid-19 impact is the vital factor among others restraining the market growth, and will further challenge the connected solutions for oil & gas market in the forecast period mentioned above.
This connected solutions for oil & gas market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on connected solutions for oil & gas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Connected Solutions for Oil and Gas Market Scope and Market Size
The connected solution for oil & gas market is segmented on the basis of component, value chain and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the connected solutions for oil & gas market is segmented into hardware, software and services. Hardware has been further segmented into sensors, beacons, IoT gateways and others. Software has been further segmented into oil & gas IoT platform, fleet management software and others. Services have been further segmented into professional services and managed services. Professional services have been further segmented into oil & gas consulting & advisory, integration & deployment services and support & maintenance.
- Based on value chain, the connected solutions for oil & gas market is segmented into upstream, midstream and downstream.
- The connected solutions for oil & gas market is also segmented on the basis of application into asset tracking and monitoring, predictive and preventive maintenance, supply chain management, leak detection, fleet management and others.
Connected Solutions for Oil & Gas Market Scope Country Level Analysis
Connected solutions for oil & gas market is analysed and market size, volume information is provided by country, component, value chain and application as referenced above.
The countries covered in the connected solutions for oil & gas market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the connected solutions for oil & gas market due to strong growth in oil and gas demand from countries such as China and India in this region. North America is the expected region in terms of growth in connected solutions for oil & gas market due to rising exploration and extraction activities in this region.
The country section of the connected solutions for oil & gas market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Connected Solutions for Oil & Gas Market Share Analysis
The connected solutions for oil & gas market competitive landscape provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to connected solutions for oil & gas market.
The major players covered in connected solutions for oil & gas market report are Cisco Systems, Intel Corporation, General Electric, Sierra Wireless, Honeywell International Inc., Telit, Schneider Electric, Robert Bosch GmbH and Siemens among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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