HOME Top Market Reports Internet of Things (IoT) in Energy Market by Systems & Solutions (Predictive Asset Maintenance, Connected Logistics, Security, Energy Analytics, IoT Platform, Energy Management), by Application (Oil & Gas, Mining), by Services & by Regions - Global Forecast to 2020

Internet of Things (IoT) in Energy Market by Systems & Solutions (Predictive Asset Maintenance, Connected Logistics, Security, Energy Analytics, IoT Platform, Energy Management), by Application (Oil & Gas, Mining), by Services & by Regions - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: TC 3815

 

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The global IoT Energy market is estimated to grow from USD 7.59 Billion in 2015 to USD 22.34 Billion by 2020, at a CAGR of 24.1% during the forecast period of 2015-2020. Deployment of IoT based smart energy solutions results in better field communication, reduce cost of maintenance, real-time monitoring, digital oil field infrastructure, reduced power consumption, mine automation, greater safety and security of assets, and thus higher productivity.

IoT Energy market is segmented on the basis of system and solution, network technology, service, application, and regions. The years considered for the study are:

  • Estimated Year – 2015
  • Projected Year – 2020
  • Forecast Period – 2015 to 2020

For company profiles in the report, 2014 has been considered. Where information is unavailable for the base year, the prior year has been considered.

Research Methodology

This research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial aspects of the IoT Energy market. The below explain the research methodology.

  • Analysis data on key vendor’s revenues through secondary research
  • Analysis of vendors offering to determine the market segmentation
  • Estimation of overall market size of the IoT in Energy market through bottom-up procedure
  • Analyzing IoT Energy market trends in various regions and countries for the oil & gas and mining industries
  • After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, Directors, and Executives.
  • The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments.

The breakdown of profiles of primary is depicted in the below figure:

Internet of Things (IoT) in Energy Market

IoT Energy market is driven due to rising demand for increased operational efficiency and security against rising cyber-attacks and is expected to grow from USD 7,598.6 Million in 2015 to USD 22,347.0 Million by 2020. North America is expected to lead the IoT in Energy market in terms of market size during the forecast period. MEA is expected to witness growth at the highest CAGR during the forecast period.

Stakeholders

The stakeholder’s for the report includes:

  • IoT in Energy Platform Vendors
  • IoT Service Providers
  • Energy Platform & Analytics Vendors
  • System Design & Development Vendors
  • System Integrators/Migration Service Providers
  • Consultants/Consultancies/Advisory Firms
  • Training & Education Service Providers
  • Support & Maintenance Service Providers
  • Smart Energy Technology Solution Vendors
  • Resource Mining Technology Solution Vendors
  • Network Service Providers

“Study answers several questions for the stakeholders, primarily which market energy segments to focus in next two to five years for prioritizing their efforts and investments”.

Scope of the Report

The research report categorizes the IoT Energy market to forecast the market size and analyse the trends in each of the following sub-markets:

  • Systems and Solutions:
    • Predictive Maintenance
    • Platform
    • Security
    • Connected Logistic
    • Compliance and Risk Management
    • Energy Analytics
    • Intelligent Energy Management
    • Mobile Workforce Management
    • Field Surveillance and Monitoring
  • Network Technologies
    • Cellular
    • Satellite
    • Radio
    • Others
  • Service
    • System Integration
    • Professional Service
    • Support and Maintenance
  • Applications
    • Oil and Gas
    • Mining
  • Region
    • North America
    • Europe
    • Middle East and Africa (MEA)
    • Asia-Pacific (APAC)
    • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North America IoT in Energy market into U.S. and Canada
  • Further breakdown of the Asia Pacific market into India, China, Australia, and others

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
  • Competitive Benchmarking
  • Vendor Landscaping

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Report
    1.2 IoT Energy Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
           1.3.3 Currency and Pricing
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 IoT Energy Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption and Limitation
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insight (Page No. - 33)
    4.1 Attractive Market Opportunities in the IoT Energy Market
    4.2 IoT in Energy Market, By Regions
    4.3 Lifecycle Analysis, By Region
    4.4 IoT in Energy System and Solution Market Snapshot
    4.5 Network Technology Market Snapshot
    4.6 IoT Energy Market By Application Snapshot, 2015

5 IoT Energy Market: Overview (Page No. - 37)
    5.1 Introduction
           5.1.1 By System and Solution
           5.1.2 By Network Technology
           5.1.3 By Service
           5.1.4 By Application
           5.1.5 By Region
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Cyber Attacks
                    5.2.1.2 Increase in Operational Efficiency
                    5.2.1.3 Next-Generation Sensors
                    5.2.1.4 Increasing Ict Spending in the Oil & Gas and Mining Sector
                    5.2.1.5 Fluctuation in Resource Prices is Driving the IoT Application
           5.2.2 Restraints
                    5.2.2.1 Increasing Concern for Privacy and Security
                    5.2.2.2 Lack of Qualified Skilled Labor
           5.2.3 Opportunities
                    5.2.3.1 Potential Growth Opportunity for the Niche IoT Analytics Market Players
                    5.2.3.2 Massive Opportunities for System Integrators
           5.2.4 Challenges
                    5.2.4.1 Struggle With Huge Data Deluge
                    5.2.4.2 Lack of Interoperability Standard
    5.3 Regulatory Bodies in the IoT Market
           5.3.1 CEN/ISO
           5.3.2 Cenelec/IEC
           5.3.3 ISO/IEC JTC 1
                    5.3.3.1 So/IEC JTC 1/SWG 5
                    5.3.3.2 ISO/IEC JTC 1/SC 31
                    5.3.3.3 ISO/IEC JTC 1/SC 27
                    5.3.3.4 ISO/IEC JTC 1/WG 7 Sensors
           5.3.4 ETSI
           5.3.5 IEEE
           5.3.6 ITU-T

6 IoT Energy Market: Industry Trends (Page No. - 49)
    6.1 Value Chain Analysis
    6.2 Strategic Benchmarking
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Rivalry

7 Market Analysis, By System and Solution (Page No. - 54)
    7.1 Introduction
    7.2 Predictive Maintenance
           7.2.1 Asset Performance Management (APM)
           7.2.2 Asset Condition Monitoring
    7.3 Platform
           7.3.1 Application Management Platform
           7.3.2 Device Management Platform
           7.3.3 Network Management Platform
    7.4 Security
           7.4.1 Physical Security
           7.4.2 Network Security
    7.5 Connected Logistics
           7.5.1 Fleet Management
           7.5.2 Freight Management
           7.5.3 Port Management
    7.6 Compliance and Risk Management
           7.6.1 Sustainability Monitoring
           7.6.2 Emission Monitoring and Control
    7.7 Energy Analytics
           7.7.1 Asset Performance Analytics
           7.7.2 Exploration and Drilling Analytics
           7.7.3 Pipeline Scada Analytics
           7.7.4 Refinery Analytics
           7.7.5 Others
    7.8 Intelligent Energy Management
           7.8.1 Smart Power Load and Distribution System
           7.8.2 Heating, Ventilating and Air-Conditioning
    7.9 Mobile Workforce Management
    7.10 Field Surveillance and Monitoring

8 Market Analysis, By Network Technology (Page No. - 77)
    8.1 Introduction
    8.2 Cellular Network
    8.3 Satellite Network
    8.4 Radio Network
    8.5 Others

9 IoT Energy Market: Analysis, By Service (Page No. - 83)
    9.1 Introduction
    9.2 System Integration Service
    9.3 Professional Service
    9.4 Support and Maintenance Service

10 Market Analysis, By Application (Page No. - 88)
     10.1 Introduction
     10.2 Oil and Gas
             10.2.1 Upstream Operations
             10.2.2 Midstream Operations
             10.2.3 Downstream Operations
     10.3 Mining
             10.3.1 Open-Pit Mining
             10.3.2 Underground Mining

11 Geographic Analysis (Page No. - 96)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Latin America
     11.6 Middle-East and Africa

12 Competitive Landscape (Page No. - 125)
     12.1 Overview
     12.2 Competitive Situation and Trends
     12.3 Partnerships, Agreements, Joint Ventures, and Collaborations, 2013–2015
     12.4 New Product Launches, 2013–2015
     12.5 Business Expansions, 2013–2015
     12.6 Mergers and Acquisitions, 2013–2015
     12.7 Venture Funding, 2013–2015

13 Key Innovator Profiles (Page No. - 131)
     13.1 Agt International
     13.2 Carriots S.L.
     13.3 Cisco Systems, Inc.
     13.4 Davra Networks
     13.5 Flutura Business Solutions LLC
     13.6 International Business Machine (IBM) Corporation
     13.7 ILS Technolgy LLC
     13.8 Maven Systems Private Limited
     13.9 Northwest Analytics, Inc.
     13.10 SAP SE
     13.11 Symboticware, Inc.
     13.12 Wind River Systems, Inc.

14 Appendix (Page No. - 160)
     14.1 Excerpts From Industry Experts
     14.2 Other Developments
             14.2.1 New Product Launches, 2013-2015
             14.2.2 Partnerships, Agreements, Collaborations, and Joint Ventures
             14.2.3 Venture Funding, 2013-2014
     14.3 Discussion Guide
     14.4 Introducing RT : Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports

List of Tables (130 Tables)

Table 1 IoT Energy Market Size and Growth Rate, 2015–2020 (USD Million, Y-O-Y %)
Table 2 Drivers: Impact Analysis
Table 3 Restraints: Impact Analysis
Table 4 Opportunities: Impact Analysis
Table 5 Challenges: Impact Analysis
Table 6 Market Size, By System and Solution, 2015-2020 ( USD Million)
Table 7 IoT Energy Market : System and Solution Market Size By Region, 2015–2020 (USD Million)
Table 8 Predictive Maintenance Market : IoT Energy Market Size, By Type, 2015–2020 (USD Million)
Table 9 Asset Performance Management: Market Size, By Region, 2015–2020 (USD Million)
Table 10 Asset Condition Monitoring: Market Size, By Region, 2015–2020 (USD Million)
Table 11 Platform: Market Size, By Type, 2015–2020 (USD Million)
Table 12 Application Management Platform: Market Size, By Region, 2015–2020 (USD Million)
Table 13 Device Management Platform: Market Size, By Region, 2015–2020 (USD Million)
Table 14 Network Management Platform: Market Size, By Region, 2015–2020 (USD Million)
Table 15 Security : Market Size, By Type, 2015–2020 (USD Million)
Table 16 Physical Security: Market Size, By Region, 2015–2020 (USD Million)
Table 17 Network Security: Market Size, By Region, 2015–2020 (USD Million)
Table 18 Connected Logistic: Market Size, By Types, 2015–2020 (USD Million)
Table 19 Fleet Management: Market Size, By Region, 2015–2020 (USD Million)
Table 20 Freight Management: Market Size, By Region, 2015–2020 (USD Million)
Table 21 Port Management: Market Size, By Region, 2015–2020 (USD Million)
Table 22 Compliance and Risk Management: IoT Energy Market Size, By Types, 2015–2020 (USD Million)
Table 23 Sustainability Monitoring: Market Size, By Types, 2015–2020 (USD Million)
Table 24 Emission Monitoring and Control: Market Size, By Types, 2015–2020 (USD Million)
Table 25 Energy Analytics: Market Size, By Types, 2015–2020 (USD Million)
Table 26 Asset Performance Analytics: Market Size, By Region, 2015–2020 (USD Million)
Table 27 Exploration and Drilling Analytics: Market Size, By Region, 2015–2020 (USD Million)
Table 28 Pipeline Scada Analytics: Market Size, By Region, 2015–2020 (USD Million)
Table 29 Refinery Analytics: Market Size, By Region, 2015–2020 (USD Million)
Table 30 Others: Market Size, By Region, 2015–2020 (USD Million)
Table 31 Intelligent Energy Management: Market Size, By Types, 2015–2020 (USD Million)
Table 32 Smart Power Load and Distribution System: Market Size, By Region, 2015–2020 (USD Million)
Table 33 Heating, Ventilating and Air-Conditioning: Market Size, By Region, 2015–2020 (USD Million)
Table 34 Mobile Workforce Management: Market Size, By Region, 2015–2020 (USD Million)
Table 35 Field Surveillance and Monitoring: Market Size, By Region, 2015–2020 (USD Million)
Table 36 IoT Energy Market Size, By Network Technology, 2015–2020 (USD Million)
Table 37 Cellular Network : Market Size, By Region, 2015–2020 (USD Million)
Table 38 Satellite Network : Market Size, By Region, 2015–2020 (USD Million)
Table 39 Radio Network : Market Size, By Region, 2015–2020 (USD Million)
Table 40 Others : Market Size, By Region, 2015–2020 (USD Million)
Table 41 IoT Energy Market Size, By Services, 2015-2020 (USD Million)
Table 42 System Integration Service : Market Size, By Region, 2015–2020 (USD Million)
Table 43 Professional Service : Market Size, By Region, 2015–2020 (USD Million)
Table 44 Support and Maintenance Service : Market Size, By Region, 2015–2020 (USD Million)
Table 45 Market Size, By Application, 2015–2020 (USD Million)
Table 46 Oil and Gas: Market Size, By Type, 2015–2020 (USD Million)
Table 47 Oil and Gas: Market Size, By Region, 2015–2020 (USD Million)
Table 48 Upstream Operations: Market Size, By Region, 2015–2020 (USD Million)
Table 49 Midstream Operations: Market Size, By Region, 2015–2020 (USD Million)
Table 50 Downstream Operations: Market Size, By Region, 2015–2020 (USD Million)
Table 51 Mining: Market Size, By Type, 2015–2020 (USD Million)
Table 52 Mining: Market Size, By Region, 2015–2020 (USD Million)
Table 53 Open-Pit Mining: Market Size, By Region, 2015–2020 (USD Million)
Table 54 Underground Mining: Market Size, By Region, 2015–2020 (USD Million)
Table 55 IoT Energy Market Size, By Region, 2015–2020 (USD Million)
Table 56 North America: IoT Energy Market Size, By Type, 2015–2020 (USD Million)
Table 57 North America: System and Solution Market Size, By Type, 2015–2020 (USD Million)
Table 58 North America: Predictive Maintenance Market Size, By Type, 2015–2020 (USD Million)
Table 59 North America: Platform Market Size, By Type, 2015–2020 (USD Million)
Table 60 North America: Security Market Size, By Type, 2015–2020 (USD Million)
Table 61 North America: Connected Logistic Market Size, By Type, 2015–2020 (USD Million)
Table 62 North America: Compliance and Risk Management Market Size, By Type, 2015–2020 (USD Million)
Table 63 North America: Energy Analytics Market Size, By Type, 2015–2020 (USD Million)
Table 64 North America: Intelligent Energy Management Market Size, By Type, 2015–2020 (USD Million)
Table 65 North America: Network Technology Market Size, By Type, 2015–2020 (USD Million)
Table 66 North America: Service Market Size, By Type, 2015–2020 (USD Million)
Table 67 North America: Application Market Size, By Type, 2015–2020 (USD Million)
Table 68 North America: Oil and Gas Market Size, By Type, 2015–2020 (USD Million)
Table 69 North America: Mining Market Size, By Type, 2015–2020 (USD Million)
Table 70 Europe: IoT Energy Market Size, By Type, 2015–2020 (USD Million)
Table 71 Europe: System and Solution Market Size, By Type, 2015–2020 (USD Million)
Table 72 Europe: Predictive Maintenance Market Size, By Type, 2015–2020 (USD Million)
Table 73 Europe: Platform Market Size, By Type, 2015–2020 (USD Million)
Table 74 Europe: Security Market Size, By Type, 2015–2020 (USD Million)
Table 75 Europe: Connected Logistic Market Size, By Type, 2015–2020 (USD Million)
Table 76 Europe: Compliance and Risk Management Market Size, By Type, 2015–2020 (USD Million)
Table 77 Europe: Energy Analytics Market Size, By Type, 2015–2020 (USD Million)
Table 78 Europe: Intelligent Energy Management Market Size, By Type, 2015–2020 (USD Million)
Table 79 Europe: Network Technology Market Size, By Type, 2015–2020 (USD Million)
Table 80 Europe: Service Market Size, By Type, 2015–2020 (USD Million)
Table 81 Europe: Application Market Size, By Type, 2015–2020 (USD Million)
Table 82 Europe: Oil and Gas Market Size, By Type, 2015–2020 (USD Million)
Table 83 Europe: Mining Market Size, By Type, 2015–2020 (USD Million)
Table 84 Asia-Pacific: IoT Energy Market Size, By Type, 2015–2020 (USD Million)
Table 85 Asia-Pacific: System and Solution Market Size, By Type, 2015–2020 (USD Million)
Table 86 Asia-Pacific: Predictive Maintenance Market Size, By Type, 2015–2020 (USD Million)
Table 87 Asia-Pacific: Platform Market Size, By Type, 2015–2020 (USD Million)
Table 88 Asia-Pacific: Security Market Size, By Type, 2015–2020 (USD Million)
Table 89 Asia-Pacific: Connected Logistic Market Size, By Type, 2015–2020 (USD Million)
Table 90 Asia-Pacific: Compliance and Risk Management Market Size, By Type, 2015–2020 (USD Million)
Table 91 Asia-Pacific: Energy Analytics Market Size, By Type, 2015–2020 (USD Million)
Table 92 Asia-Pacific: Intelligent Energy Management Market Size, By Type, 2015–2020 (USD Million)
Table 93 Asia-Pacific: Network Technology Market Size, By Type, 2015–2020 (USD Million)
Table 94 Asia-Pacific: Service Market Size, By Type, 2015–2020 (USD Million)
Table 95 Asia-Pacific: Application Market Size, By Type, 2015–2020 (USD Million)
Table 96 Asia-Pacific: Oil and Gas Market Size, By Type, 2015–2020 (USD Million)
Table 97 Asia-Pacific: Mining Market Size, By Type, 2015–2020 (USD Million)
Table 98 Latin America: IoT Energy Market Size, By Type, 2015–2020 (USD Million)
Table 99 Latin America: System and Solution Market Size, By Type, 2015–2020 (USD Million)
Table 100 Latin America: Predictive Maintenance Market Size, By Type, 2015–2020 (USD Million)
Table 101 Latin America: Platform Market Size, By Type, 2015–2020 (USD Million)
Table 102 Latin America: Security Market Size, By Type, 2015–2020 (USD Million)
Table 103 Latin America: Connected Logistic Market Size, By Type, 2015–2020 (USD Million)
Table 104 Latin America: Compliance and Risk Management Market Size, By Type, 2015–2020 (USD Million)
Table 105 Latin America: Energy Analytics Market Size, By Type, 2015–2020 (USD Million)
Table 106 Latin America: Intelligent Energy Management Market Size, By Type, 2015–2020 (USD Million)
Table 107 Latin America: Network Technology Market Size, By Type, 2015–2020 (USD Million)
Table 108 Latin America: Service Market Size, By Type, 2015–2020 (USD Million)
Table 109 Latin America: Application Market Size, By Type, 2015–2020 (USD Million)
Table 110 Latin America: Oil and Gas Market Size, By Type, 2015–2020 (USD Million)
Table 111 Latin America: Mining Market Size, By Type, 2015–2020 (USD Million)
Table 112 Middle-East and Africa: IoT Energy Market Size, By Type, 2015–2020 (USD Million)
Table 113 Middle-East and Africa: System and Solution Market Size, By Type, 2015–2020 (USD Million)
Table 114 Middle-East and Africa: Predictive Maintenance Market Size, By Type, 2015–2020 (USD Million)
Table 115 Middle-East and Africa: Platform Market Size, By Type, 2015–2020 (USD Million)
Table 116 Middle-East and Africa: Security Market Size, By Type, 2015–2020 (USD Million)
Table 117 Middle-East and Africa: Connected Logistic Market Size, By Type, 2015–2020 (USD Million)
Table 118 Middle-East and Africa: Compliance and Risk Management Market Size, By Type, 2015–2020 (USD Million)
Table 119 Middle-East and Africa: Energy Analytics Market Size, By Type, 2015–2020 (USD Million)
Table 120 Middle-East and Africa: Intelligent Energy Management Market Size, By Type, 2015–2020 (USD Million)
Table 121 Middle-East and Africa: Network Technology Market Size, By Type, 2015–2020 (USD Million)
Table 122 Middle-East and Africa: Service Market Size, By Type, 2015–2020 (USD Million)
Table 123 Middle-East and Africa: Application Market Size, By Type, 2015–2020 (USD Million)
Table 124 Middle-East and Africa: Oil and Gas Market Size, By Type, 2015–2020 (USD Million)
Table 125 Middle-East and Africa: Mining Market Size, By Type, 2015–2020 (USD Million)
Table 126 Partnerships, Agreements, Joint Ventures, and Collaborations, 2013–2015
Table 127 New Product Launches, 2013–2015
Table 128 Business Expansions, 2013–2015
Table 129 Mergers and Acquisitions, 2012–2015
Table 130 Venture Funding, 2013–2015

List of Figures (41 Figures)

Figure 1 Global IoT Energy Market : Research Design
Figure 2 Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 IoT Energy Market Size and Growth Rate, 2015–2020 (USD Million, Y-O-Y %)
Figure 7 North America Holds the Largest Market Share for 2015
Figure 8 Fastest Growing Segments of the Market
Figure 9 Growing Inclination Toward Achieving Operational Efficiency is Driving the Market Growth
Figure 10 North America Would Dominate Market During the Forecast Period
Figure 11 IoT in Energy Regional Lifecycle: Middle-East and Africa is Expected to Exhibit Growth Potential During the Forecast Period
Figure 12 Platform Segment Holds the Largest Market Share During the Forecast
Figure 13 Satellite Network is the Most Adopted Network Technology Among the IoT Energy Market
Figure 14 Oil and Gas Market is Leading the IoT Energy Market, By Application, in 2015
Figure 15 IoT Energy Pyramid
Figure 16 IoT Energy Market Segmentation: By System and Solution
Figure 17 Market Segmentation: By Network Technology
Figure 18 Market Segmentation: By Service
Figure 19 Market Segmentation: By Application
Figure 20 Market Segmentation: By Region
Figure 21 IoT Energy Market : Drivers, Restrains, Opportunities, and Challenges
Figure 22 IoT in Energy: Value Chain Analysis
Figure 23 IoT Energy Market: Porter’s Five Forces Analysis
Figure 24 Platform is the Highest Revenue Generating Segment From 2015-2020
Figure 25 Satellite Communication Network Technology is Expected to Grow at the Highest CAGR Rate
Figure 26 Majority of the Market Dominated By System Integration Service From 2015-2020
Figure 27 Oil and Gas Sector Dominants the IoT Energy Market During the Forecast Period
Figure 28 North America Holds the Highest Revenue Share During the Forecast Period
Figure 29 Companies Adopted Growth Strategies Such as New Product Launches and Partnerships and Agreements
Figure 30 IoT Energy Market Evaluation Framework
Figure 31 Battle for Market Share: Venture Funding is the Key Strategy
Figure 32 SWOT Analysis: AGT International
Figure 33 Carriots S.L.: Company Snapshot
Figure 34 Cisco Systems, Inc.: Company Snapshot
Figure 35 Cisco Systems, Inc.: SWOT Analysis
Figure 36 Davra Networks: Company Snapshot
Figure 37 IBM Corporation: Company Snapshot
Figure 38 IBM Corporation: SWOT Analysis
Figure 39 SAP SE: Company Snapshot
Figure 40 SAP SE: SWOT Analysis
Figure 41 Symboticware, Inc.: Company Snapshot

MarketsandMarkets forecast the IoT Energy market size to grow from USD 7.59 Billion in 2015 to USD 22.34 Billion by 2020, at a CAGR of 24.1%. The risk factors for the energy companies are high when it comes to forestalling the cyber-attacks which leads to an operational downtime. The energy companies have started considering the IoT-based proactive energy solutions, which have strong defense grid technology that continuously monitor and control the physical and digital assets and automated malware exclusion. In addition, the strict regulation of the energy industry over the safety of the assets and workers, increase in operational efficiency, application of next-generation sensors are driving the IoT in energy market toward high-growth phase.

The IoT Energy market shows a positive growth as most of the energy exploration companies are penetrating to automation systems to lower the operation and maintenance costs. The market thus shows a growing trend with many energy companies transforming their conventional practices into an analytical performance-powered approach. The oil and gas application is estimated to have the largest market share during the forecast for the IoT in Energy market’s application segment and is expected to grow at the highest CAGR during the forecast period.

The IoT platform for the oil & gas and mining is expected to have largest market size rise because of the customers increasing inclination toward highly customized solution which allows development of specialized application for monitoring, controlling, visualizing, simulating, scheduling, and analyzing the overall operations. The market for wireless communication is considered to be the fastest growing area in integrated circuit industry due to emerging needs and innovations. Several factors such as the increasing need for interoperability and popularity of wireless connectivity are accelerating the growth of the networking technology market.

Internet of Things (IoT) in Energy Market

The IoT energy market is segmented across five broad classifications, namely, North America, APAC, Europe, MEA, and Latin America. The analysis shows that the spending on IoT in energy is increasing globally due to the recovery of the global economy. The IoT in energy market in the MEA region is expected to be the highest in terms of revenue and also estimated to have highest growth rate during the forecast period. However, lack of qualified skilled labor and increasing concern for privacy and security of critical infrastructure the organizations are the major restraining factors for the market.

The key innovators profiled in the report are AGT International, Cisco System Inc., IBM Corporation, SAP SE, Carriots S.L., Davra Networks, Flutura Business Solutions LLC, ILS Technology LLC, Maven Systems Pvt Ltd., Northwest Analytics Inc., Symboticware Inc., and Wind River Systems Inc.

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