BIS Research - Emerging Technology Market Intelligence

Emerging Economies Offer Immense Opportunities for the IoT in Oil & Gas Market to Grow

Jan 7, 2019 2:07:43 AM / by BIS Research posted in Emerging Trends inIoT in Oil and Gas Market, Oil and Gas automation market, oil and gas industry future, oil and gas market intelligence, oil & gas market size, Oil and Gas market share, Oil and Gas market value, oil & gas market trends, IoT in Gas Market, IoT in Oil and Gas Market, IoT in Gas Industry, IOT in Oil and Gas, IoT in Oil and Gas Industry, IoT in Oil and Gas Market by Application, IoT in Oil and Gas Market by Industry Stream, IoT in Oil and Gas Market by Solutions, IOT in oil and gas Market Forecast, IOT in oil and gas market growth, IoT in Oil Industry, IoT in Oil Market, IoT Oil and Gas Market by Region, Market Research Report


Over the last decade, the oil and gas industry has been facing a number of challenges, including decreasing oil prices, reducing cash flows, and the difficulty in adopting digital solutions for addressing the fluctuation of pricing and demand in the market. Further, the increasing demand for clean energy and sustainability is also affecting the growth of the market. The Internet of Things (IoT) technology offers solutions to the industry that can help overcome these challenges. One of the major requirements of oil and gas companies is the access to real time information across remote locations which is made possible with the use of IoT sensor data technology.

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