Internet of things (IoT) is the technology-based solution offered to various applications such as mining sector, energy, oil & gas, healthcare, and others.
Sarasota, FL -- (SBWIRE) -- 01/09/2017 -- Global Internet of Things in Energy Market: Overview
Internet of things (IoT) is the technology-based solution offered to various applications such as mining sector, energy, oil & gas, healthcare, and others. These solutions implement to enhance operational efficiency along with machines integration and intellectual data analysis. It reduces chances of vulnerabilities associated with the hacking of data by using efficient tools and techniques and resulting improved decision-making. Malicious activities on the Internet are restricted with the help of digital network infrastructure of things and critical infrastructure protection (CIP) can be automated. Internet of things enables energy industries to operate efficiently on the real-time basis. Internet of things in energy also provides optimization of supply chain, increase operational efficiency, diminishing the energy trading risk, and cost cutting in productivity.
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Global Internet of Things in Energy Market: Growth Factors
Major drivers of the global internet of things in the energy market are rising demand for proactive security against increasing cyber-attacks and improved operational efficiency. However, strict regulations on the workers regarding safety and asset in the energy sector may drive the global market in the near future. Moreover, the emergence of the next generation sensors is expected to fuel the global market growth. Conversely, lack of skilled workers may hinder the global internet of things market growth in the next few years.
Global Internet of Things in Energy Market: Segmentation
The global internet of things in the energy market is categorized based on network technologies, applications, systems and solutions, and regions. Based on the network technologies, the global market is bifurcated as radio, cellular, satellite, and others. The applications segment is further segmented as mining, and oil & gas. Moreover, based on systems and solutions, the global internet of things in the energy market is further classified as energy analytic, predictive maintenance, compliance and risk management, field surveillance and monitoring, intelligent energy management, platform, mobile workforce management, security, and connected logistic. Furthermore, the global market is fragmented on the basis of geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Internet of Things in Energy Market: Regional Analysis
North America is expanding its market owing to technological advancements. It contributes for the largest share in the global internet of things market. The increasing use of the internet of things in the energy industries may fuel the global market growth.
Global Internet of Things in Energy Market: Competitive Players
Major key players dominating the global internet of things market are Northwest Analytics, Inc., Flutura Business Solutions Llc, International Business Machine (IBM) Corporation, Carriots S.L., and Symboticware, Inc. Other key players influencing the global market are Davra Networks, Maven Systems Private Limited, Wind River Systems, Inc., AGT International, Ils Technolgy Llc, Cisco Systems, Inc., and Sap Se.
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Global Internet of Things in Energy Market: Regional Segment Analysis
The Middle East and Africa
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