Portland, OR -- (SBWire) -- 07/06/2018 --IoT in energy integrates IoT-based energy solutions for sectors such as oil & gas, utilities, coal, and mining. This implementation aims to improve operational efficiency, enhance production, and provide analytical-based decisions. Enhanced security, better reliability, and proper management of assets in the industry are added benefits of IoT in energy solutions. Advance analytics and effective system integration are the key opportunities for the market. Unavailability of interoperability standards and increase in data generated in the energy industry are prominent challenges for the market.
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The IoT in energy market is segmented based on solution, network technology, service, application, and region. On the basis of solution, the market is categorized into predictive maintenance, security, connected logistics, compliance & risk management, energy analytics, intelligent energy management, mobile workforce management, and others. By network technology, it is classified into cellular, satellite, radio, and others. Applications covered in the study include network security, web security, email security, database & cloud security, and others. The service segment is bifurcated into professional and managed service. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
IoT in Energy Market Key Segments:
By Solution
Predictive Maintenance
Security
Connected Logistics
Compliance & Risk Management
Energy Analytics
Intelligent Energy Management
Mobile Workforce Management
Others
By Network Technology
Cellular Network
Satellite Network
Radio Network
Others
By Service
Professional Service
Managed Service
By Application
Network Security
Web Security
Email Security
Database & Cloud Security
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
Australia
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
IoT in Energy Market Gets a Boom in the Energy Industry
Increase in cyber-attacks in the energy sector, need for improved efficiency, advancement in powerful sensors, and increased expenditure in ICT by energy companies are key factors that drive the growth of the IoT in energy market.