(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 28, 2021, 01:22 /Comserve / -- The primary growth drivers for the IoT in Energy market include demand for proactive security solutions against rising cyber-attacks and increased operational efficiency.
Digital transformation helps enterprises to improve operational performance, efficiency, and business process. It involves the utilization of digital technologies, such as mobility, analytics, and social media. Currently, the IoT is at the center stage of the digital transformation. The IoT is capable of gathering data from multiple sources, allowing M2M communication and conveying appropriate data to the end users for efficient operations.
The primary growth drivers for the IoT in Energy market include demand for proactive security solutions against rising cyber-attacks and increased operational efficiency. The IoT enabled technology solutions are capable of protecting and detecting malicious activities over a digital network infrastructure and automate the Critical Infrastructure Protection (CIP). In addition, the strict regulations in energy industry over the safety of the assets and workers is also driving the shift towards IoT based solutions. The IoT-based technology solutions enable the energy sector to increase the operational efficiency through continued real-time monitoring. Advancement in next generation sensors also acts a driving factor in the IoT in Energy market. However, lack of skilled labors is a major growth restraint faced by the energy industry.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Internet of Things (IoT) in Energy Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2020
This report provides an in-depth analysis of the IoT in Energy market across the systems and solutions, network technologies, services, applications, and regions. IoT in Energy systems and solutions consist of predictive maintenance, platform, security, connected logistic, compliance and risk management, energy analytic, intelligent energy management, mobile workforce management, and field surveillance and monitoring. IoT in Energy report includes market analysis of network technologies, such as cellular, satellite, radio and others. The services have been segmented into system integration, professional service, and support and maintenance. Oil & Gas and Mining applications have been considered the report. The report also classifies the market into regions, such as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
The IoT in Energy market is expected to grow from USD 7.59 billion in 2015 to USD 22.34 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 24.1% from 2015 to 2020. Some of the key innovators of this market include AGT International, Carriots, Cisco, Davra Networks, Flutura, IBM, ILS Technology, Maven Systems, Northwest Analytics, SAP, Symboticware, and Wind River.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Internet of Things (IoT) in Energy Market Insights by Emerging Trends, Revenue Analysis, Demand Forecast till 2020
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise, which includes political, social, technological, and economic factors. It is assumed that the dollar fluctuations will not seriously affect the forecasts in the emerging regions.
TABLE OF CONTENTS
1 INTRODUCTION 17
1.1 OBJECTIVES OF THE REPORT 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 18
1.3.2 YEARS CONSIDERED IN THE REPORT 18
1.4 CURRENCY AND PRICING 18
1.5 LIMITATIONS 19
1.6 STAKEHOLDERS 19
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