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Energy Sector: Trends in Internet of Things (IoT) - Drivers, challenges and technology developments

Published By :

GlobalData

Published Date : Apr 2018

Category :

Energy

No. of Pages : 33 Pages

Advent of IoT in Energy Sector: Snapshot

Internet of Things help connecting different smart gadgets to facilitate the task and sharing of information between the peers. There are different brilliant gadgets, for example, cell phones, sensors, and wearables, which gather information from the gadgets that can be used to improve user experience. Also, the utilization of ecommerce platforms is increasing quickly owing to the simplicity of shopping and cell phone penetration in the market, which is probably going to help the market. The information produced from the energy sector is immense and requires a detailed  study. This offers surge to the integration of the Internet of Things (IoT) in energy sector, subsequently propelling the market development in the upcoming years. The increasing energy utilization over the globe is foreseen to drive information generation consequently, requiring the incorporation of IoT in the sector. 

The popularity of cloud platform is surging owing to simplicity of sharing and ability to store to impart to different set of individuals. Moreover, it offers high security from data loss and natural disaster, which is probably going to support the market development throughout the following years. The downtime in customary storage can increase owing to equipment maintenance. This is foreseen to support the use of cloud stage accordingly propelling the market development in coming years. Besides, the regualtions of different nations in the different regions are focusing significantly on Internet of Things (IoT) in order to improve the activities and to build up the country. This is anticipated to boost the market in the future years.

Summary

"Energy Sector: Trends in Internet of Things (IoT)", a vertical focused report by GlobalData, is one of the many products in the digital Industry product portfolio.

Scope

- Brief overview of the technology and its relevance in the verticals.
- Key challenges faced by the industry verticals (energy) pertinent to its technology (Internet of Things) implementation.
- Elaborate overview of supply side and demand side trends affecting the technology growth.
- Overview of the revenue opportunities in the internet of things market for the energy sector through to 2021 - highlighting the market size and growth by technology, geography, sectors, and size band. Moreover, the report also outlines enterprises investment priorities in the IoT segment for the energy sector.
- Future recommendation and market opportunities for IoT segment in the energy industry.

Reasons to buy

- It helps the reader to understand the internet of thing (IoT) market landscape in the energy industry, the recent trends, and challenges.
- The most exhaustive and up-to-date report providing revenue opportunity forecasts in the IoT market from 2016 to 2021, spanning four technology segments, six regions, and two size bands.
- Extensive technology growth predictions based on adoption indicators, end-user technology demand, GlobalDatas in-house ICT survey results, and macroeconomic factors.
- The report provides a detailed breakdown of the opportunities within the IoT segment and its sub categories.

Table of Contents
1 Introduction 3
2 Challenges impacting O&G companies in IoT deployment 4
3 Market Dynamics 8
3.1 Demand side trends 8
3.2 Supply side trends 13
4 IoT investment priorities in the energy sector 19
5 Market size and forecast 21
5.1 Geographic breakdown (based on IoT device revenues) 21
5.2 Connectivity breakdown (based on IoT device revenues) 23
5.3 Application breakdown (based on IoT device revenues) 24
5.4 Geographic breakdown (based on IoT software and service revenues) 25
5.5 Application breakdown (based on IoT software and service revenues) 27
6 Recommendations for ICT vendors 28
7 Future outlook 29
7.1 Digital oilfields and connected workforce are the future of IoT in the energy sector 29
8 Appendix 30
8.1 Definitions 30
8.2 Further reading 31
8.3 Contact the authors 31
8.4 Contact Us 32

List of Tables
Table 1: IoT - Energy companies current and future investment priorities 20
Table 2: Energy sector's IoT device market by region - global market opportunity, in US$ millions 22
Table 3: Energy sector's IoT device market by connectivity - global market opportunity, in US$ millions 23
Table 4: Energy sector's IoT device market by application - global market opportunity, in US$ millions 24
Table 5: Energy sector's IoT software and services market by region - global market opportunity, in US$ millions 25
Table 6: Energy sector's IoT software and services market by applications - global market opportunity, in US$ millions 27

List of Figures
Figure 1: Key challenges impacting O&G industry in deploying IoT solutions 4
Figure 2: IoT - Most significant IoT-related security risks in O&G industry 5
Figure 3: Key demand and supply side trends impacting O&G industry in deploying of IoT solutions 8
Figure 4: Leading O&G companies investment activities in IoT start-ups (2013-2017) 10
Figure 5: IoT - Location of IoT data analysis in the O&G industry 15
Figure 6: IoT - Types of connectivity technologies used by O&G industry 16
Figure 7: IoT - Energy companies current and future investment priorities 19
Figure 8: Energy sector's IoT device market by region - global market opportunity, in US$ millions 21
Figure 9: Energy sector's IoT device market by connectivity - global market opportunity, in US$ millions 23
Figure 10: Energy sector's IoT device market by application - global market opportunity, in US$ millions 24
Figure 11: Energy sector's IoT software and services market by region - global market opportunity, in US$ millions .25
Figure 12: Energy sector's IoT software and services market by applications - global market opportunity, in US$ millions 27

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