Internet of Things (IoT) in Oil and Gas Market to Grasp Excellent Growth by 2028

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The latest report by MarkNtel Advisors, titled Internet of Things (IoT) in Oil and Gas Market Size study report 2023-28 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. Internet of Things (IoT) in Oil and Gas Market Share, Size, and Industry 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). 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.

Key Highlights of the Market Report:

  • Detailed overview of the market share
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Internet of Things (IoT) in Oil and Gas Market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising market growth

“If you haven’t caught it, our reports are undergoing an update. Hit the “request sample” button to access the most up-to-date sample research data and forecasts, covering a forecast for 2024  to 2030. This report would have insights on market size, industry trends, and a competitive analysis along with all the market information required for market analysis. So quickly grab a sample of our report and decide whether it would help you or not in your strategic decision making”.

Growth Opportunities: 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

By Solution



-Data Management

-Cloud and Edge Computing

By Industry Stream




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


-Asia Pacific

-Middle East and Africa

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Major Key Players in Internet of Things (IoT) in Oil and Gas Market research report:

-Intel Corporation

-Amazon Web Services, Inc.

-IBM Corporation

-Microsoft Corporation

-Alphabet Inc.


-Siemens AG

-Rockwell Automation Inc.

-General Electric Company

-Wipro Limited


-Cisco Systems, Inc.

-HCL Technologies Ltd.

-Telit Communications PLC

-PTC Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About MarkNtel Advisors

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

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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