Internet of Things (IoT) in Energy Market Surge Valuation Of USD 35.2 billion

1. Downloaded from: justpaste.it/758lm Internet of Things (IoT) in Energy Market Surge Valuation Of $ USD 35.2 Billion By 2025: Report by MarketsandMarkets™ Internet of Things (IoT) in Energy Market According to a research report "Internet of Things (IoT) in Energy Market by Solution (Asset Management, Data Management and Analytics, SCADA, Energy Management), Service, Platform, Application (Oil and Gas, Smart Grid, Coal Mining), and Region - Global Forecast to 2025" published by MarketsandMarkets, The global Internet of Things (IoT) in energy market size is expected to grow from USD 20.2 billion in 2020 to USD 35.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. Major factors expected to drive the growth of the IoT in energy market include IoT in energy boost business productivity, advantage of IoT-based agile systems, rising instances of cyberattacks, and enhancing the health and safety of employees Browse 166 market data Tables and 38 Figures spread through 205 Pages and in-depth TOC on "Internet of Things (IoT) in Energy Market by Solution (Asset Management, Data Management and Analytics, SCADA, Energy Management), Service, Platform, Application (Oil and Gas, Smart Grid, Coal Mining), and Region - Global Forecast to 2025" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=251659593 Based on solution, the asset management segment to account for the largest market size during the forecast period IoT-enabled asset management solutions are a combination of all processes, assets, workflows, and analytics into a single solution, which offer centrally consolidated tracking, monitoring, and analytics system for asset-intensive energy sector. Asset management solutions include the management of energy meters, predictive asset maintenance, and control operations of assets. In order to achieve the organizational strategic plan, the associated performance, risks, and expenditures over the lifecycle of assets are taken care of by asset management solutions. Asset management solution offers many advantages such as improved capacity and utilization, operational visibility and analysis, proactive solutions for asset failure situations, safety assurance, and management of all assets from a single platform, extension of asset’s life, and improved return on assets. Based on application, the oil and gas segment to account for the largest market size in 2020 The oil and gas application segment is leading the IoT in energy market in 2020; the segment is the most capital-intensive industry. Companies operating in the areas of oil and gas exploration and refining require large capital to meet their day-to-day operational costs. Energy companies are continuously carrying out technological developments and process

2. improvements to sustain in the market. The adoption of IoT solutions is expected to improve the operational efficiency of the oil and gas segment, thus helping companies operating in this industry to sustain the drop in oil prices. IoT solutions can be deployed for remote monitoring of oil rigs and maintaining pipeline integrity. Thus, the IoT solutions help detect potential accidents, thus averting them. IoT-enabled sensors and devices allow remote monitoring of operations and improved end-to-end processes in oil and gas facilities. The major IoT in energy market vendors IBM (US), Actility (France), ABB (Switzerland), SAP (Germany), Cisco Systems (US), Siemens (Germany), Intel (US), AGT International (Switzerland), Altair Engineering (US), Flutura (US), Davra Networks (US), Wind River (US), Schneider Electric (France), HCL Technologies (India), Aclara (US), Rockwell Automation (US), Bosch (Germany), smartGAS (Germany), Trimble (US), and Infosys (India). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model —GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062

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