Global Internet of things (IoT) in Oil and Gas Market

Global IoT in Oil and Gas Market Focus on Solutions (Sensing, Communication, Cloud Computing, Data Management), Applications (Fleet and Asset Management, Pipeline Monitoring, Preventive Maintenance), Industry Stream- Analysis and Forecast (2019-2024) May 2020

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Internet of Things (IoT) in Oil and Gas Market

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Internet of Things (IoT) in Oil and Gas Market

Preface With certain technological advancements taking place in the field of digitalization, Internet of Things (IoT) has significantly revolutionized the operational activities of the oil and gas industry. The oil and gas industry are highly capital-intensive, hence, there is an increasing demand from the companies to enhance their overall operational efficiency. IoT revolves around the extraction and analyzation of the digital data from the oil and gas assets to provide actionable insights to the oil and gas companies about the health and working condition of such assets. Some of the critical assets across the supply chain include oil rigs and wells, drilling equipment, offshore upstream platform, oil and gas transmission pipelines, pumping stations, and oil refineries, among others. Therefore, IoT platforms using sensing systems and asset monitoring software ensure the safety of the equipment, workforce, and protection against physical threats. IoT also removes physical barriers so that the companies can reach toward remote locations, as majority of the applications in the oil and industry are at distant locations. The advantages of IoT technology for oil and gas are wide-ranging, from equipment manufacturers to internet service providers.

The research study offers a wide perspective of IoT in oil and gas market and analyzes its impact on the end users by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

This study has been designed to answer some of the most crucial questions about the IoT in oil and gas market: ▪

What is the estimated global IoT in oil and gas market size during 2018-2024, in terms of revenue, and what is the expected growth rate during the forecast period 2019-2024?

▪

What is the expected future outlook and revenue generated by the different types of IoT solutions, including sensing systems, communication infrastructure, cloud and edge computing, and data management?

▪

What is the revenue generated by IoT in oil and gas market in different industry streams such as upstream, midstream, and downstream?

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Internet of Things (IoT) in Oil and Gas Market

▪

What is the revenue generated by different applications of IoT in oil and gas, including fleet and asset management, preventive maintenance, pipeline monitoring, and security management?

▪

What is the market size and growth opportunities of IoT in oil and gas market?

▪

What are the major driving forces that are expected to increase the demand for the IoT in oil and gas market during the forecast period?

▪

What are the key trends and opportunities in the market pertaining to IoT in oil and gas market?

▪

What are the major challenges inhibiting the growth of the IoT in oil and gas market?

▪

What kind of new strategies are being adopted by the existing market players to expand their market position in the industry?

▪

What is the competitive strength of the key players in the IoT in oil and gas market on the basis of analysis of their recent developments, product offerings, and their regional presence?

▪

How is the funding and investment landscape in the IoT in oil and gas market?

▪

Which are the leading consortiums and associations in the IoT in oil and gas market and what is their role in the market?

▪

Which type of players and stakeholders operate in the market ecosystem of IoT in oil and gas, and what are their significance in the global market?

▪

What is the regulatory landscape in different regions for IoT in oil and gas?

The report is a compilation of various segmentations including market breakdown by solutions, industry streams, and applications. The report highlights the key driving and restraining forces for this market as well as the market opportunities in different applications such as fleet and asset management, preventive maintenance, pipeline monitoring, security management, safety management and others. In the extensive primary research process undertaken for this study, the primary sources further include industry experts and key executives from prominent companies and organizations in the IoT in oil and gas industry.

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Internet of Things (IoT) in Oil and Gas Market

Moreover, the report consists of a comprehensive analysis of IoT in oil and gas market for different geographical regions. The IoT in oil and gas market holds a prominent share in various countries of North America, South America, Europe, Asia-Pacific and Japan, and Middle East and Africa. Each geographical region analysis details individual driving and restraining force acting in the market in addition to the key players from that particular region. The report also provides a country-based analysis for all the leading countries in every region, including the U.S., Canada, Mexico, Brazil, Argentina, Norway, the U.K., France, the Netherlands, Denmark, Germany, Sweden, China, Japan, South Korea, India, Thailand, Malaysia, Singapore, Vietnam, Saudi Arabia, U.A.E. and South Africa.

BIS Energy and Sustainability May 2020

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Internet of Things (IoT) in Oil and Gas Market

Table of Contents Executive Summary ........................................................................................................ 30 1.

Market Dynamics .................................................................................................. 40 1.1

1.2

1.3

2.

Market Drivers ................................................................................................. 40 1.1.1

Demand for Operational Efficiency to Fulfil Energy Requirement ......................................................................................... 41

1.1.2

Rising Cyber Attacks ........................................................................... 42

1.1.3

Scarcity of Skilled Expertise ............................................................... 43

Market Restraints ............................................................................................ 44 1.2.1

Lack of Communication Infrastructure ............................................... 44

1.2.2

High Initial Investment ......................................................................... 45

Market Opportunities ...................................................................................... 45 1.3.1

Introduction of Next Generation Sensors .......................................... 46

1.3.2

Rising Deployment of Data Analytics ................................................. 47

1.3.3

Advent of UAVs/Drones in Oil and Gas Industry ............................... 47

Competitive Landscape ....................................................................................... 49 2.1

2.2 3.

Key Market Developments and Strategies .................................................... 49 2.1.1

Partnerships, Collaborations, and Joint Ventures ............................ 51

2.1.2

Product Launches and Developments ............................................... 52

2.1.3

Mergers and Acquisitions .................................................................... 54

2.1.4

Business Expansions and Contracts ................................................. 55

2.1.5

Others (Awards and Recognitions)..................................................... 56

Competitive Benchmarking of Key Players in IoT in Oil and Gas Market............................................................................................................... 56 Industry Analysis .................................................................................................. 60

3.1

3.2

Stakeholder Analysis ...................................................................................... 60 3.1.1

IoT Impact Matrix and Analysis ........................................................... 61

3.1.2

Oil and Gas Companies ....................................................................... 63

3.1.3

Information and Communication Technology Providers .................. 65

3.1.4

Energy Management and Automation Companies ............................ 66

Emerging Trends in the Internet of Things in the Oil and Gas Market ....... 67

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Internet of Things (IoT) in Oil and Gas Market

3.2.1

Artificial Intelligence ............................................................................ 67

3.2.2

Blockchain ............................................................................................ 68

3.2.3

Market Consolidation ........................................................................... 69

3.3

Key Consortiums and Associations .............................................................. 71

3.4

Investment and Funding Landscape ............................................................. 73

4.

Global IoT in Oil and Gas Market (by Solution) .................................................. 76 4.1

Market Overview .............................................................................................. 76

4.2

Sensing ............................................................................................................ 79

4.3

Communication ............................................................................................... 83

4.4

Cloud and Edge Computing ........................................................................... 86

4.5

Data Management ........................................................................................... 88

5.

Global Internet of Things (IoT) in Oil and Gas Market (by Industry Stream) .................................................................................................................. 91 5.1

Market Overview .............................................................................................. 91

5.2

Upstream.......................................................................................................... 92

5.3

Midstream ........................................................................................................ 97

5.4

Downstream..................................................................................................... 98

6.

Global IoT in Oil and Gas Market (by Application) .......................................... 101 6.1

Market Overview ............................................................................................ 101

6.2

Fleet and Asset Management ....................................................................... 103

6.3

Preventive Maintenance ............................................................................... 105

6.4

Pipeline Monitoring ....................................................................................... 107

6.5

Security Management ................................................................................... 110

6.6

Others............................................................................................................. 112

7.

Global IoT in Oil and Gas Market (by Region) .................................................. 113 7.1

North America ............................................................................................... 115 7.1.1

North America (by Application) ......................................................... 118

7.1.2

North America (by Industry Stream) ................................................. 119

7.1.3

North America (by Country) .............................................................. 119

7.1.3.1

U.S. ...................................................................................................... 120

7.1.3.2

Canada ................................................................................................. 122

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Internet of Things (IoT) in Oil and Gas Market

7.2

7.3

7.4

7.5

7.6

7.1.3.3

Mexico .................................................................................................. 125

7.1.3.4

Rest-of-North America .......................................................................... 126

South America ............................................................................................... 127 7.2.1

South America (by Application) ........................................................ 128

7.2.2

South America (by Industry Stream) ................................................ 129

7.2.3

South America (by Country) .............................................................. 129

7.2.3.1

Brazil .................................................................................................... 130

7.2.3.2

Argentina .............................................................................................. 131

7.2.3.3

Rest-of-South America ......................................................................... 132

Europe ............................................................................................................ 133 7.3.1

Europe (by Application) ..................................................................... 135

7.3.2

Europe (by Industry Stream) ............................................................. 136

7.3.3

Europe (by Country) ........................................................................... 136

7.3.3.1

Norway ................................................................................................. 137

7.3.3.2

The Netherlands ................................................................................... 138

7.3.3.3

France .................................................................................................. 140

7.3.3.4

Germany............................................................................................... 141

7.3.3.5

Denmark ............................................................................................... 143

7.3.3.6

Sweden ................................................................................................ 144

7.3.3.7

Rest-of-Europe ..................................................................................... 145

U.K. ................................................................................................................. 146 7.4.1

U.K. (by Application) .......................................................................... 148

7.4.2

U.K. (by Industry Stream) .................................................................. 149

China .............................................................................................................. 149 7.5.1

China (by Application) ....................................................................... 151

7.5.2

China (by Industry Stream) ................................................................ 152

Asia-Pacific and Japan ................................................................................. 152 7.6.1

Asia-Pacific Japan (by Application) .................................................. 154

7.6.2

Asia-Pacific Japan (by Industry Stream) .......................................... 155

7.6.3

Asia-Pacific Japan (by Country)........................................................ 156

7.6.3.1

Japan.................................................................................................... 157

7.6.3.2

South Korea ......................................................................................... 158

7.6.3.3

India...................................................................................................... 159

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Internet of Things (IoT) in Oil and Gas Market

7.7

8.

7.6.3.4

Thailand................................................................................................ 160

7.6.3.5

Malaysia ............................................................................................... 161

7.6.3.6

Singapore ............................................................................................. 163

7.6.3.7

Vietnam ................................................................................................ 164

7.6.3.8

Rest of Asia-Pacific and Japan ............................................................. 165

Middle East and Africa .................................................................................. 166 7.7.1

Middle East Africa (by Application) .................................................. 167

7.7.2

Middle East Africa (by Industry Stream) ........................................... 168

7.7.3

Middle East Africa (by Country) ........................................................ 168

7.7.3.1

Saudi Arabia ......................................................................................... 169

7.7.3.2

United Arab Emirates (UAE) ................................................................. 170

7.7.3.3

South Africa .......................................................................................... 171

7.7.3.4

Rest-of-Middle East Africa .................................................................... 173

Company Profiles ............................................................................................... 174 8.1

Overview ........................................................................................................ 174

8.2

Intel Corporation ........................................................................................... 176

8.3

8.4

8.2.1

Company Overview ............................................................................ 176

8.2.2

Role of Intel Corporation in Internet of Things in Oil and Gas Market .................................................................................................. 176

8.2.3

Financials ............................................................................................ 178

8.2.4

Key Insights About the Financial Health of the Company .............. 180

8.2.5

SWOT Analysis ................................................................................... 181

Kellton Tech Solutions Ltd. .......................................................................... 182 8.3.1

Company Overview ............................................................................ 182

8.3.2

Role of Kellton Tech Solutions Ltd. in Internet of Things in Oil and Gas Market ................................................................................... 182

8.3.3

Financials ............................................................................................ 184

8.3.4

SWOT ANALYSIS................................................................................ 187

Telit Communications PLC........................................................................... 188 8.4.1

Company Overview ............................................................................ 188

8.4.2

Role of Telit Communications PLC in Internet of Things in Oil and Gas Market ................................................................................... 188

8.4.3

Product Portfolio ................................................................................ 189

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Internet of Things (IoT) in Oil and Gas Market

8.4.4

Financials ............................................................................................ 189

8.4.5

Key Insights About the Financial Health of the Company .............. 191

8.4.6

SWOT ANALYSIS................................................................................ 192

8.5

Amazon Web Services, Inc. .......................................................................... 193 8.5.1

Company Overview ............................................................................ 193

8.5.2

Role of Amazon Web Services, Inc. in Internet of Things in Oil and Gas Market ................................................................................... 193

8.5.3

Financials ............................................................................................ 194

8.5.4

SWOT Analysis ................................................................................... 195

8.6

Wipro Limited ................................................................................................ 196 8.6.1

Company Overview ............................................................................ 196

8.6.2

Role of Wipro Limited in Internet of Things in Oil and Gas Market .................................................................................................. 196

8.6.3

Financials ............................................................................................ 197

8.6.4

SWOT Analysis ................................................................................... 199

8.7

CISCO Systems Inc. ...................................................................................... 200 8.7.1

Company Overview ............................................................................ 200

8.7.2

Role of Cisco Systems Inc. in Internet of Things in Oil and Gas Market .......................................................................................... 200

8.7.3

Financials ............................................................................................ 202

8.7.4

SWOT Analysis ................................................................................... 204

8.8

C3 IoT, Inc. ..................................................................................................... 205 8.8.1

Company Overview ............................................................................ 205

8.8.2

Role of C3 IoT, Inc. in Internet of Things in Oil and Gas Market .... 205

8.8.3

SWOT ANALYSIS................................................................................ 207

8.9

IBM Corporation ............................................................................................ 208 8.9.1

Company Overview ............................................................................ 208

8.9.2

Role of IBM Corporation in Internet of Things in Oil and Gas Market .................................................................................................. 208

8.9.3

Financials ............................................................................................ 209

8.9.4

Key Insights About the Financial Health of the Company .............. 211

8.9.5

SWOT ANALYSIS................................................................................ 212

8.10

Microsoft Corporation................................................................................... 213

8.10.1

Company Overview ............................................................................ 213

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Internet of Things (IoT) in Oil and Gas Market

8.10.2

Role of Microsoft Corporation in Internet of Things in Oil and Gas Market .......................................................................................... 213

8.10.3

Financials ............................................................................................ 214

8.10.4

Key Insights About the Financial Health of the Company .............. 216

8.10.5

SWOT Analysis ................................................................................... 217

8.11

HCL Technologies Ltd. ................................................................................. 218

8.11.1

Company Overview ............................................................................ 218

8.11.2

Role of HCL Technologies Ltd. In Internet of Things in Oil and Gas Market .......................................................................................... 218

8.11.3

Financials ............................................................................................ 220

8.11.4

SWOT ANALYSIS................................................................................ 222

8.12

SAP SE ........................................................................................................... 223

8.12.1

Company Overview ............................................................................ 223

8.12.2

Role of SAP SE in Global IoT in Oil and Gas Market ....................... 223

8.12.3

Financials ............................................................................................ 224

8.12.4

SWOT Analysis ................................................................................... 226

8.13

Alphabet Inc................................................................................................... 227

8.13.1

Company Overview ............................................................................ 227

8.13.2

Role of Alphabet Inc. in Global IoT in Oil & Gas Market ................. 227

8.13.3

Product Portfolio ................................................................................ 228

8.13.4

Financials ............................................................................................ 228

8.13.5

SWOT Analysis ................................................................................... 231

8.14

Cognizant ....................................................................................................... 232

8.14.1

Company Overview ............................................................................ 232

8.14.2

Role of Cognizant in Global IoT in Oil & Gas Market ....................... 232

8.14.3

Product Portfolio ................................................................................ 233

8.14.4

Financials ............................................................................................ 234

8.14.5

SWOT ANALYSIS................................................................................ 237

8.15

PTC ................................................................................................................. 238

8.15.1

Company Overview ............................................................................ 238

8.15.2

Role of PTC in Global IoT Oil and Gas Market ................................. 238

8.15.3

Product Portfolio ................................................................................ 239

8.15.4

Financials ............................................................................................ 239

8.15.5

SWOT Analysis ................................................................................... 242

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Internet of Things (IoT) in Oil and Gas Market

8.16

Sierra Wireless .............................................................................................. 243

8.16.1

Company Overview ............................................................................ 243

8.16.2

Role of Sierra Wireless in Global IoT in Oil & Gas Market .............. 243

8.16.3

Product Portfolio ................................................................................ 244

8.16.4

Financials ............................................................................................ 244

8.16.5

SWOT Analysis ................................................................................... 247

8.17

General Electric ............................................................................................. 248

8.17.1

Company Overview ............................................................................ 248

8.17.2

Role of General Electric in Internet of Things in Oil and Gas Market .................................................................................................. 248

8.17.3

Financials ............................................................................................ 250

8.17.4

Key Insights About the Financial Health of the Company .............. 252

8.17.5

SWOT ANALYSIS................................................................................ 253

8.18

Rockwell Automation Inc.............................................................................. 254

8.18.1

Company Overview ............................................................................ 254

8.18.2

Role of Rockwell Automation Inc. in Internet of Things in Oil and Gas Market ................................................................................... 254

8.18.3

Financials ............................................................................................ 256

8.18.4

Key Insights About the Financial Health of the Company .............. 258

8.18.5

SWOT ANALYSIS................................................................................ 259

8.19

Siemens AG ................................................................................................... 260

8.19.1

Company Overview ............................................................................ 260

8.19.2

Role of Siemens AG in Internet of Things in Oil and Gas Market .................................................................................................. 260

8.19.3

Financials ............................................................................................ 262

8.19.4

SWOT ANALYSIS................................................................................ 263

8.20

Schneider Electric ......................................................................................... 264

8.20.1

Company Overview ............................................................................ 264

8.20.2

Role of Schneider Electric in Internet of Things in Oil and Gas Market .................................................................................................. 264

8.20.3

Financials ............................................................................................ 266

8.20.4

SWOT Analysis ................................................................................... 268

8.21

ABB Ltd. ......................................................................................................... 269

8.21.1

Company Overview ............................................................................ 269

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Internet of Things (IoT) in Oil and Gas Market

8.21.2

Role of ABB Ltd. In Internet of Things in Oil and Gas Market ........ 269

8.21.3

Financials ............................................................................................ 270

8.21.4

SWOT ANALYSIS................................................................................ 272

8.22

Eaton Corporation Plc .................................................................................. 273

8.22.1

Company Overview ............................................................................ 273

8.22.2

Role of Eaton Corporation Plc in Internet of Things in Oil and Gas Market .......................................................................................... 273

8.22.3

Financials ............................................................................................ 274

8.22.4

Key Insights About the Financials Health of the Company ............ 276

8.22.5

SWOT Analysis ................................................................................... 277

8.23

Emerson Electric Co. .................................................................................... 278

8.23.1

Company Overview ............................................................................ 278

8.23.2

Role of Emerson Electric in IoT in Oil and Gas Market ................... 278

8.23.3

Financials ............................................................................................ 279

8.23.4

Key Insights About the Financial Health of the Company .............. 281

8.23.5

SWOT Analysis ................................................................................... 282

8.24

Honeywell International Inc. ......................................................................... 283

8.24.1

Company Overview ............................................................................ 283

8.24.2

Role of Honeywell International Inc. in IoT in Oil and Gas Market .................................................................................................. 283

8.24.3

Financials ............................................................................................ 284

8.24.4

SWOT ANALYSIS................................................................................ 286

8.25

ENGIE ............................................................................................................. 287

8.25.1

Company Overview ............................................................................ 287

8.25.2

Role of Engie in Global IoT in Oil and Gas Market .......................... 287

8.25.3

Financials ............................................................................................ 288

8.25.4

SWOT ANALYSIS................................................................................ 291

8.26

Yokogawa Electric Corporation ................................................................... 292

8.26.1

Company Overview ............................................................................ 292

8.26.2

Role of Yokogawa Electric Corporation in Global IoT in Oil and Gas Market ................................................................................... 292

8.26.3

Financials ............................................................................................ 294

8.26.4

SWOT Analysis ................................................................................... 296

8.27

Equinor ASA .................................................................................................. 297

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8.27.1

Company Overview ............................................................................ 297

8.27.2

Role of Equinor ASA in IoT in Oil and Gas Market .......................... 297

8.27.3

Product Portfolio ................................................................................ 298

8.27.4

Financials ............................................................................................ 298

8.27.5

Key Insights About the Financial Health of the Company .............. 300

8.27.6

SWOT ANALYSIS................................................................................ 301

8.28

Royal Dutch Shell PLC.................................................................................. 302

8.28.1

Company Overview ............................................................................ 302

8.28.2

Role of Royal Dutch Shell PLC in IoT in Oil and Gas Market .......... 302

8.28.3

Product Portfolio ................................................................................ 303

8.28.4

Financials ............................................................................................ 303

8.28.5

Key Insights About the Financial Health of the Company .............. 305

8.28.6

SWOT ANALYSIS................................................................................ 306

8.29

Schlumberger Limited .................................................................................. 307

8.29.1

Company Overview ............................................................................ 307

8.29.2

Role of Schlumberger Limited in IoT in Oil and Gas Market........... 307

8.29.3

Product Portfolio ................................................................................ 308

8.29.4

Financials ........................................................................................... 308

8.29.5

SWOT ANALYSIS................................................................................ 311

8.30

BP p.l.c. .......................................................................................................... 312

8.30.1

Company Overview ............................................................................ 312

8.30.2

Role of BP p.l.c. in IoT in Oil and Gas Market .................................. 312

8.30.3

Financials ............................................................................................ 313

8.30.4

Key Insights About the Financial Health of the company ............... 314

8.30.5

SWOT ANALYSIS................................................................................ 315

8.31

Total S.A......................................................................................................... 316

8.31.1

Company Overview ............................................................................ 316

8.31.2

Role of Total S.A. in IoT in Oil and Gas Market ................................ 316

8.31.3

Product Portfolio ................................................................................ 317

8.31.4

Financials ............................................................................................ 317

8.31.5

SWOT ANALYSIS................................................................................ 319

8.32

Saudi Arabian Oil Co..................................................................................... 320

8.32.1

Company Overview ............................................................................ 320

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Internet of Things (IoT) in Oil and Gas Market

8.32.2

Role of Saudi Arabia Oil Co. in Global IoT in Oil & Gas Market...... 320

8.32.3

Financials ............................................................................................ 321

8.32.4

SWOT Analysis ................................................................................... 324

8.33

NXP Semiconductors N.V. ............................................................................ 325

8.33.1

Company Overview ............................................................................ 325

8.33.2

Role of NXP Semiconductors N.V. in IoT in Oil and Gas Market .... 325

8.34

Infineon Technologies AG ............................................................................ 326

8.34.1

Company Overview ............................................................................ 326

8.34.2

Role of Infineon Technologies AG in IoT in Oil and Gas Market .... 326

8.35

Analog Device, Inc. ....................................................................................... 327

8.35.1

Company Overview ............................................................................ 327

8.35.2

Role of Analog Devices, Inc. in IoT in Oil and Gas Market ............. 327

8.36

Robert Bosch GmbH ..................................................................................... 328

8.36.1

Company Overview ............................................................................ 328

8.36.2

Role of Robert Bosch GmbH in IoT in Oil and Gas Market ............. 328

8.37

Texas Instruments Incorporated .................................................................. 329

8.37.1

Company Overview ............................................................................ 329

8.37.2

Role of Texas Instruments in IoT in Oil and Gas Market ................. 329

8.38

Revvo Technologies Inc. .............................................................................. 330

8.38.1

Company Overview ............................................................................ 330

8.38.2

Role of Revvo Technologies Inc. in IoT in Oil and Gas Market ...... 330

8.39

STMicroelectronics ....................................................................................... 331

8.39.1

Company Overview ............................................................................ 331

8.39.2

Role of STMicroelectronics in Global IoT in Oil & Gas Market ....... 331

8.40

OMRON Corporation ..................................................................................... 333

8.40.1

Company Overview ............................................................................ 333

8.40.2

Role of Omron Corporation in Global IoT in Oil & Gas Market ....... 333

8.41

Broadcom Inc. ............................................................................................... 335

8.41.1

Company Overview ............................................................................ 335

8.41.2

Role of Broadcom Inc. in Global IoT in Oil & Gas Market ............... 335

8.42

TE connectivity Ltd. ...................................................................................... 336

8.42.1

Company Overview ............................................................................ 336

8.42.2

Role of TE Connectivity Ltd. in Global IoT in Oil & Gas Market ..... 336

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Internet of Things (IoT) in Oil and Gas Market

8.43

8.43.1

Company Overview ............................................................................ 338

8.43.2

Role of TDK Corporation in Global IoT in Oil & Gas Market ........... 338

8.44

9.

10.

TDK Corporation ........................................................................................... 338

Sensirion AG ................................................................................................. 339

8.44.1

Company Overview ............................................................................ 339

8.44.2

Role of Sensirion AG in Global IoT in Oil & Gas Market ................. 339

Report Scope and Methodology........................................................................ 340 9.1

Report Scope ................................................................................................. 340

9.2

Market Research Methodology .................................................................... 341 9.2.1

Assumptions ....................................................................................... 342

9.2.2

Limitations .......................................................................................... 343

9.2.3

Primary Data Sources ........................................................................ 343

9.2.4

Secondary Data Sources ................................................................... 344

9.2.5

Data Triangulation .............................................................................. 345

9.2.6

Market Estimation and Forecast ....................................................... 345

Annexure ............................................................................................................. 347 10.1

Annexure A: List of Key Strategies and Developments in IoT in Oil and Gas Market (Jan 2017- Dec 2019) ......................................................... 347

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List of Tables Table 1.1: Impact Analysis of Drivers ..................................................................................................... 41 Table 1.2: Impact Analysis of Restraints ................................................................................................ 44 Table 3.1: Recent Developments by the Oil and Gas Companies in the IoT in Oil and Gas Market .......................................................................................................................................... 64 Table 3.2: Recent Developments by the ICT Solution Providers in the IoT in Oil and Gas Market .......................................................................................................................................... 65 Table 3.3: Recent Developments by the Energy Management and Automation Companies in IoT in Oil and Gas Market ........................................................................................................... 66 Table 3.4: Recent Consolidations/Partnerships in the IoT in Oil and Gas Market ................................ 69 Table 3.5: Key Consortiums and Associations in Global IoT in Oil and Gas Market ............................ 71 Table 4.1: Global IoT in Oil and Gas Market (by Solutions), 2018-2024 ($Billion) ............................... 78 Table 4.2: Key Players Offerings Sensing System in IoT in Oil and Gas Market ................................. 82 Table 4.3: Key Players Offerings Communication System in IoT in Oil and Gas Market ..................... 85 Table 4.4: Key Players Offerings Cloud and Edge Computing Solutions in IoT in Oil and Gas Market .......................................................................................................................................... 88 Table 4.5: Key Players Offerings Data Management Solutions in IoT in Oil and Gas Market ............. 90 Table 5.1: Global IoT in Oil and Gas Market (by Industry Stream), 2018-2024, ($Billion) ................... 92 Table 5.2: Key IoT Solution Providers in the Upstream Sector ............................................................. 96 Table 5.3: Some of the IoT Solution Providers in the Downstream Sector ........................................... 99 Table 6.1: Global IoT in Oil and Gas Market (by Application), 2018-2024 ($Billion) .......................... 102 Table 6.2: Key Companies providing IoT Solutions for Fleet and Asset Management in Global IoT in Oil and Gas Market ......................................................................................................... 105 Table 6.3: Key Companies providing IoT Solutions for Preventive Maintenance in Global IoT in Oil and Gas Market ................................................................................................................... 107 Table 6.4: Key Companies Providing IoT Solutions for Pipeline Monitoring in Global IoT in Oil and Gas Market ......................................................................................................................... 109 Table 6.5: Key Companies providing IoT Solutions for Security Management in Global IoT in Oil and Gas Market ................................................................................................................... 111 All rights reserved at BIS Research

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Internet of Things (IoT) in Oil and Gas Market

Table 7.1: Global IoT in Oil and Gas Market (by Region), $Million, 2018-2024.................................. 114 Table 7.2: Recent Developments in the North America IoT in Oil and Gas Industry .......................... 116 Table 7.3: North America IoT in Oil and Gas Market (by Application), 2018-2024 ............................. 118 Table 7.4: North America IoT in Oil and Gas Market (by Industry Stream), 2018-2024 ..................... 119 Table 7.5: North America in IoT in Oil and Gas Market (by Country), 2018-2024, $Billion ................ 119 Table 7.6: Recent Developments in the Canadian IoT in Oil and Gas Industry.................................. 123 Table 7.7: Capital Expenditure Spending by Leading Oil and Gas Companies in Canada, $Billion ....................................................................................................................................... 124 Table 7.8: South America IoT in Oil and Gas Market (by Application), 2018-2024 ............................ 128 Table 7.9: South America IoT in Oil and Gas Market (by Industry Stream), 2018-2024 .................... 129 Table 7.10: South America in IoT in Oil and Gas Market (by Country), 2018-2024, $Billion ............. 129 Table 7.11: Europe IoT in Oil and Gas Market (by Application), 2018-2024 ...................................... 135 Table 7.12: Europe IoT in Oil and Gas Market (by Industry Stream), 2018-2024 .............................. 136 Table 7.13: Europe IoT in Oil and Gas Market (by Country), 2018-2024............................................ 136 Table 7.14: U.K. IoT in Oil and Gas Market (by Application), 2018-2024 ........................................... 148 Table 7.15: U.K. IoT in Oil and Gas Market (by Industry Stream), 2018-2024 ................................... 149 Table 7.16: China IoT in Oil and Gas Market (by Application), 2018-2024 ......................................... 151 Table 7.17: China IoT in Oil and Gas Market (by Industry Stream), 2018-2024 ................................. 152 Table 7.18: Asia-Pacific Japan IoT in Oil and Gas Market (by Application), 2018-2024 .................... 154 Table 7.19: Asia-Pacific Japan IoT in Oil and Gas Market (by Industry Stream), 2018-2024 ............ 155 Table 7.20: Asia-Pacific and Japan IoT in Oil and Gas Market (by Country), 2018-2024 .................. 156 Table 7.21: Middle East Africa IoT in Oil and Gas Market (by Application), 2018-2024 ..................... 167 Table 7.22: Middle East Africa IoT in Oil and Gas Market (by Industry Stream), 2018-2024............. 168 Table 7.23: Middle East Africa IoT in Oil and Gas Market (by Country), 2018-2024 .......................... 168 Table 8.1: Intel Corporation: Product Portfolio ..................................................................................... 177 Table 8.2: Kellton Tech Solutions Ltd: Product Portfolio ...................................................................... 183 Table 8.3: Telit Communications PLC: Product Portfolio ..................................................................... 189 Table 8.4: Amazon Web Services, Inc.: Product Portfolio ................................................................... 194 Table 8.5: Wipro Limited: Product Portfolio .......................................................................................... 197 All rights reserved at BIS Research

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Internet of Things (IoT) in Oil and Gas Market

Table 8.6: Cisco Systems Inc.: Product Portfolio ................................................................................. 201 Table 8.7: C3IoT: Product Portfolio....................................................................................................... 206 Table 8.8: IBM Corporation: Product Portfolio ...................................................................................... 209 Table 8.9: Microsoft Corporation: Product Portfolio ............................................................................. 214 Table 8.10: HCL Technologies Ltd.: Product Portfolio ......................................................................... 219 Table 8.11: SAP SE: Product Portfolio ................................................................................................. 224 Table 8.12: Alphabet Inc. Product Portfolio .......................................................................................... 228 Table 8.13: Cognizant Product Portfolio ............................................................................................... 233 Table 8.14: PTC: Product Portfolio ....................................................................................................... 239 Table 8.15: Sierra Wireless Product Portfolio....................................................................................... 244 Table 8.16: General Electric: Product Portfolio .................................................................................... 249 Table 8.17: Rockwell Automation Inc.: Product Portfolio ..................................................................... 255 Table 8.18: Siemens AG: Product Portfolio .......................................................................................... 261 Table 8.19: Schneider Electric: Product Portfolio ................................................................................. 265 Table 8.20: ABB Ltd.: Product Portfolio ................................................................................................ 270 Table 8.21: Eaton Corporation Plc: Product Portfolio .......................................................................... 274 Table 8.22: Emerson Electric: Product Portfolio ................................................................................... 279 Table 8.23: Honeywell International: Product Portfolio ........................................................................ 284 Table 8.24: ENGIE: Product Portfolio ................................................................................................... 288 Table 8.25: Yokogawa Electric Corporation: Product Portfolio ............................................................ 293 Table 8.26: Equinor ASA: Product Portfolio ......................................................................................... 298 Table 8.28: Royal Dutch Shell PLC: Product Portfolio ......................................................................... 303 Table 8.29: Schlumberger Limited: Product Portfolio........................................................................... 308 Table 8.30: Saudi Arabia Oil Co.: Product Portfolio ............................................................................. 321

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Internet of Things (IoT) in Oil and Gas Market

List of Figures Figure 1: IoT Building Block .................................................................................................................... 30 Figure 2: Factors Affecting the Global IoT in Oil and Gas Market ......................................................... 32 Figure 3: Global IoT in Oil and Gas Market Snapshot ........................................................................... 32 Figure 4: Global IoT in Oil and Gas Market (by Solutions), 2019 and 2024.......................................... 34 Figure 5: Global IoT in Oil and Gas Market (by Application), $Billion, 2019 and 2024 ......................... 35 Figure 6: Global IoT in Oil and Gas Market (by Industry Stream), 2019-2024 ...................................... 36 Figure 7: Regional IoT in Oil and Gas Market Snapshot ....................................................................... 37 Figure 1.1: Market Dynamics .................................................................................................................. 40 Figure 1.2: U.S. Oil and Gas Industry Workforce: Facts ........................................................................ 43 Figure 2.1: Strategies Adopted by the Key Players (January 2017-December 2019) .......................... 49 Figure 2.2: Share of Key Market Strategies and Developments (January 2017- December 2019)............................................................................................................................................ 50 Figure 2.3: Partnerships, Collaborations, and Joint Venture Shares (by Company) ............................ 52 Figure 2.4: Product Launches and Developments Share (by Company).............................................. 53 Figure 2.5: Mergers and Acquisitions Share (by Company) .................................................................. 54 Figure 2.6: Business Expansion and Contract Share (by Company) .................................................... 55 Figure 2.7: Competitive Benchmarking Matrix ....................................................................................... 57 Figure 3.1: IoT in Oil and Gas Ecosystem Stakeholders ....................................................................... 60 Figure 3.2: Impact Analysis Matrix – IoT in Oil and Gas ........................................................................ 61 Figure 3.3: IoT in Oil and Gas, Investment and Funding, January 2017- December 2019 .................. 74 Figure 3.4: Investment and Funding Landscape Share (by Round), $Million ....................................... 74 Figure 4.1: IoT Solutions for Oil and Gas Industry ................................................................................. 77 Figure 4.2: Sensing Systems in IoT in Oil and Gas Market, 2018-2024 ............................................... 80 Figure 4.3: Major Applications of Wireless Sensors in Oil and Gas Industry ........................................ 81 Figure 4.4: Communication in IoT in Oil and Gas Market, 2018-2024 .................................................. 84 Figure 4.5: Cloud and Edge Computing Systems in IoT in Oil and Gas Market, 2018-2024 ............... 86 Figure 4.6: Data Management in IoT in Oil and Gas Market, 2018-2024 ............................................. 89 All rights reserved at BIS Research

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Internet of Things (IoT) in Oil and Gas Market

Figure 5.1: Industry Streams in Global IoT in Oil and Gas Market ........................................................ 91 Figure 5.2: Sub-Segments of Upstream Segment of Oil and Gas Industry .......................................... 93 Figure 5.3: Product Offering of PTC Inc. and Rockwell Automation ..................................................... 94 Figure 5.4: Upstream Segment in IoT in Oil and Gas Market, 2018-2024 ............................................ 95 Figure 5.5: Major Activities in the Midstream Sector .............................................................................. 97 Figure 5.6: Midstream Segment in IoT in Oil and Gas Market, 2018-2024 ........................................... 98 Figure 5.7: Major Activities in the Downstream Sector .......................................................................... 99 Figure 5.8: Downstream Segment in IoT in Oil and Gas Market, 2018-2024 ..................................... 100 Figure 6.1: Key Application Areas of IoT in Oil and Gas Industry ....................................................... 101 Figure 6.2: Fleet and Asset Management in IoT in Oil and Gas Market, 2018-2024 ......................... 104 Figure 6.3: Preventive Maintenance in IoT in Oil and Gas Market, 2018-2024 .................................. 106 Figure 6.4: Pipeline Monitoring in IoT in Oil and Gas Market, 2018-2024 .......................................... 108 Figure 6.5: Security Management in IoT in Oil and Gas Market, 2018-2024 ...................................... 110 Figure 6.6: Others in IoT in Oil and Gas Market, 2018-2024 ............................................................... 112 Figure 7.1: Global IoT in Oil and Gas: Regional Market Snapshot...................................................... 113 Figure 7.2: North America IoT in Oil and Gas Market, 2018-2024, $Billion ........................................ 117 Figure 7.3: Expected Percentage Share of Oil and Natural Gas Production, 2020-2029 .................. 120 Figure 7.4: The U.S. IoT in Oil and Gas Market, 2018-2024 ............................................................... 121 Figure 7.5: Canada IoT in Oil and Gas Market, 2018-2024 ................................................................. 124 Figure 7.6: Mexico IoT in Oil and Gas Market, 2018-2024 .................................................................. 125 Figure 7.7: Rest-of-North America IoT in Oil and Gas Market, $Billion, 2018-2024 ........................... 126 Figure 7.8: South America IoT in Oil and Gas Market, 2018-2024, $Billion........................................ 127 Figure 7.9: Brazil IoT in Oil and Gas Market, 2018-2024..................................................................... 130 Figure 7.10: Argentina IoT in Oil and Gas Market, 2018-2024 ............................................................ 132 Figure 7.11: Rest-of-South America IoT in Oil and Gas Market, $Million, 2018-2024 ........................ 133 Figure 7.12: Europe IoT in Oil and Gas Market, 2018-2024 ................................................................ 134 Figure 7.13: Norway IoT in Oil and Gas Market, 2018-2024, $Billion ................................................. 138 Figure 7.14: The Netherlands IoT in Oil and Gas Market, 2018-2024 ................................................ 139

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Internet of Things (IoT) in Oil and Gas Market

Figure 7.15: France IoT in Oil and Gas Market, 2018-2024 ................................................................ 141 Figure 7.16: Germany IoT in Oil and Gas Market, 2018-2024 ............................................................ 142 Figure 7.17: Denmark IoT in Oil and Gas Market, 2018-2024............................................................. 143 Figure 7.18: Sweden IoT in Oil and Gas Market, 2018-2024 .............................................................. 145 Figure 7.19: Rest-of-Europe IoT in Oil and Gas Market, 2018-2024................................................... 146 Figure 7.20: The U.K. IoT in Oil and Gas Market, 2018-2024 ............................................................. 147 Figure 7.21: China IoT in Oil and Gas Market, 2018-2024 .................................................................. 150 Figure 7.22: Asia-Pacific Japan IoT in Oil and Gas Market, 2018-2024 ............................................. 153 Figure 7.26: Thailand IoT in Oil and Gas Market, 2018-2024.............................................................. 161 Figure 7.27: Malaysia IoT in Oil and Gas Market, 2018-2024 ............................................................. 162 Figure 7.28: Singapore IoT in Oil and Gas Market, 2018-2024 ........................................................... 163 Figure 7.29: Vietnam IoT in Oil and Gas Market, 2018-2024 .............................................................. 164 Figure 7.30: Rest of Asia-Pacific IoT in Oil and Gas Market, 2018-2024 ............................................ 165 Figure 7.31: Middle East Africa IoT in Oil and Gas Market, 2018-2024 .............................................. 166 Figure 7.32: Saudi Arabia IoT in Oil and Gas Market, 2018-2024 ...................................................... 169 Figure 7.33: UAE IoT in Oil and Gas Market, 2018-2024 .................................................................... 170 Figure 7.34: South Africa Crude Oil Imports, 2018 .............................................................................. 171 Figure 7.35: South Africa IoT in Oil and Gas Market, 2018-2024........................................................ 172 Figure 7.36: Rest-of-Middle East Africa IoT in Oil and Gas Market, 2018-2024, $Billion ................... 173 Figure 8.1: Segmentation of Key Companies Profiled by Type of Company ...................................... 174 Figure 8.2: Intel Corporation: Overall Financials, 2016-2018 .............................................................. 178 Figure 8.3: Intel Corporation: Net Revenue (by Business Segment), 2016-2018............................... 179 Figure 8.4: Intel Corporation: Net Revenue (by Regional Segment), 2016-2018 ............................... 179 Figure 8.5: Research and Development: Intel Corporation – 2016 to 2018........................................ 180 Figure 8.6: Intel Corporation: SWOT Analysis ..................................................................................... 181 Figure 8.7: Kellton Tech Solutions Ltd: Overall Financials, 2017-2019............................................... 184 Figure 8.8: Kellton Tech Solutions Ltd: Net Revenue (by Business Segment), 2017-2019 ............... 185 Figure 8.9: Kellton Tech: Net Revenue (by Region), 2017 and 2019 ................................................. 186

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Internet of Things (IoT) in Oil and Gas Market

Figure 8.10: Kellton Tech: SWOT Analysis .......................................................................................... 187 Figure 8.11: Telit Communications PLC: Overall Financials, 2016-2018............................................ 189 Figure 8.12: Telit: Net Revenue (by Business Segment), 2017-2018 ................................................. 190 Figure 8.13: Telit Communications PLC: Net Revenue (by Regional Segment), 2016-2018 ............ 190 Figure 8.14: Research and Development: Telit Communications PLC – 2016 to 2018 ..................... 191 Figure 8.15: Telit Communications PLC: SWOT Analysis ................................................................... 192 Figure 8.16: Amazon.com, Inc.: Net Revenue (by Business Segment), 2016-2018 .......................... 194 Figure 8.17: Amazon.com, Inc.: SWOT Analysis ................................................................................. 195 Figure 8.18: Wipro Limited: Overall Financials, 2017-2019 ................................................................. 197 Figure 8.19: Wipro Limited: Net Revenue (by Business Segment), 2018-2019 ................................. 198 Figure 8.20: Wipro Limited: Net Revenue by Regional Segment, 2018-2019 .................................... 198 Figure 8.21: Wipro Limited: SWOT Analysis ........................................................................................ 199 Figure 8.22: Cisco Systems Inc.: Overall Financials, 2016-2018 ........................................................ 202 Figure 8.23: Cisco Systems Inc.: Net Revenue (by Business Segment), 2016-2018 ........................ 202 Figure 8.24: Cisco Systems: Net Revenue (by Region), 2016-2018 .................................................. 203 Figure 8.25: Cisco Systems Inc.: SWOT Analysis ............................................................................... 204 Figure 8.26: C3 IoT: SWOT Analysis.................................................................................................... 207 Figure 8.27: IBM Corporation: Overall Financials, 2017-2019 ............................................................ 209 Figure 8.28: IBM Corporation: Net Revenue (by Business Segment), 2017-2019 ............................. 210 Figure 8.29: IBM Corporation: Net Revenue (by Regional Segment), 2016-2018 ............................. 211 Figure 8.30: IBM Corporation: R&D Expenditure, 2017-2019 ............................................................. 211 Figure 8.31: IBM Corporation: SWOT Analysis .................................................................................... 212 Figure 8.32: Microsoft Corporation: Overall Financials, 2017-2019 .................................................... 214 Figure 8.33: Microsoft Corporation: Net Revenue (by Business Segment), 2017-2019 .................... 215 Figure 8.34: Microsoft Corporation: Net Revenue (by Regional Segment), 2017-2019 ..................... 216 Figure 8.35: Research and Development: Microsoft Corporation – 2017 to 2019 ............................. 216 Figure 8.36: Microsoft Corporation: SWOT Analysis ........................................................................... 217 Figure 8.37: HCL Technologies Ltd.: Overall Financials, 2017-2019 .................................................. 220

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Internet of Things (IoT) in Oil and Gas Market

Figure 8.38: HCL Technologies Ltd.: Net Revenue (by Business Segment), 2017-2019 .................. 220 Figure 8.39: HCL Technologies Ltd.: Net Revenue (by Regional Segment), 2017-2019 .................. 221 Figure 8.40: HCL Technologies Ltd.: SWOT Analysis ......................................................................... 222 Figure 8.41: SAP SE: Overall Financials, 2016-2018 .......................................................................... 224 Figure 8.42: SAP SE: Net Revenue by Business Segment, 2016-2018 ............................................. 225 Figure 8.43: SAP SE: Net Revenue by Regional Segment, 2016-2018 ............................................. 225 Figure 8.44: SAP SE: SWOT Analysis ................................................................................................. 226 Figure 8.45: Alphabet Inc. Overall Financials, 2017-2019 ................................................................... 228 Figure 8.46: Alphabet Inc. Net Revenue by Business Segment, 2017-2019...................................... 229 Figure 8.47: Alphabet Inc.: Net Revenue by Regional Segment, 2018-2019 ..................................... 230 Figure 8.48: Alphabet Inc. SWOT Analysis .......................................................................................... 231 Figure 8.49: Cognizant: Overall Financials, 2016-2018 ....................................................................... 234 Figure 8.50: Cognizant: Net Revenue by Business Segment, 2016-2018.......................................... 235 Figure 8.51: Cognizant: Net Revenue by Regional Segment, 2016-2018 .......................................... 236 Figure 8.52: Cognizant: SWOT Analysis .............................................................................................. 237 Figure 8.53: PTC: Overall Financials, 2017-2019 ................................................................................ 239 Figure 8.54: PTC: Net Revenue by Business Segment, 2017-2019 ................................................... 240 Figure 8.55: PTC: Net Revenue by Regional Segment, 2016-2018 ................................................... 241 Figure 8.56: PTC: SWOT Analysis ....................................................................................................... 242 Figure 8.57: Sierra Wireless: Overall Financials, 2017-2019 .............................................................. 244 Figure 8.58: Sierra Wireless: Net Revenue by Business Segment, 2017-2019 ................................. 245 Figure 8.59: Sierra Wireless: Net Revenue by Regional Segment, 2016-2018.................................. 246 Figure 8.61: General Electric: Overall Financials, 2016-2018 ............................................................. 250 Figure 8.62: General Electric: Net Revenue (by Business Segment), 2016-2018 ............................. 251 Figure 8.63: General Electric: Net Revenue (by Regional Segment), 2016-2018 .............................. 252 Figure 8.64: General Electric: Research and Development: 2016-2018............................................. 252 Figure 8.65: General Electric: SWOT Analysis .................................................................................... 253 Figure 8.66: Rockwell Automation Inc.: Overall Financials, 2017-2019 .............................................. 256

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Internet of Things (IoT) in Oil and Gas Market

Figure 8.67: Rockwell Automation Inc.: Net Revenue (by Business Segment), 2017-2019 .............. 256 Figure 8.68: Rockwell Automation Inc.: Net Revenue (by Regional Segment), 2018-2019............... 257 Figure 8.69: Research and Development: Rockwell Automation – 2017-2019 .................................. 258 Figure 8.70: Rockwell Automation Inc.: SWOT Analysis ..................................................................... 259 Figure 8.71: Siemens AG: Overall Financials, 2016-2018................................................................... 262 Figure 8.72: Siemens AG: SWOT Analysis .......................................................................................... 263 Figure 8.73: Schneider Electric: Overall Financials, 2016-2018.......................................................... 266 Figure 8.74: Schneider Electric: Net Revenue (by Business Segment), 2016-2018 .......................... 267 Figure 8.75: Schneider Electric: Net Revenue by Regional Segment, 2016-2018 ............................. 267 Figure 8.76: Schneider Electric: SWOT Analysis ................................................................................. 268 Figure 8.77: ABB Ltd.: Overall Financials, 2017-2019 ......................................................................... 270 Figure 8.78: ABB Ltd.: Net Revenue (by Operating Segment), 2016-2018 ........................................ 271 Figure 8.79: ABB Ltd.: Net Revenue (by Regional Segment), 2017-2019.......................................... 271 Figure 8.80: ABB Ltd.: SWOT Analysis ................................................................................................ 272 Figure 8.81: Eaton Corporation Plc: Overall Financials, 2017-2019 ................................................... 274 Figure 8.82: Eaton Corporation Plc: Net Revenue by Business Segment 2016-2018 ....................... 275 Figure 8.83: Eaton Corporation Plc: Net Revenue by Regional Segment 2016-2018 ....................... 276 Figure 8.84: Research and Development Investment -2016 to 2018.................................................. 276 Figure 8.85: Eaton Corporation Plc: SWOT Analysis .......................................................................... 277 Figure 8.86: Emerson Electric: Overall Financials, 2017-2019 ........................................................... 279 Figure 8.87: Emerson Electric: Net Revenue by Business Segment, 2017-2019 .............................. 280 Figure 8.88: Emerson Electric: Net Revenue by Regional Segment, 2017-2019............................... 280 Figure 8.89: Emerson Electric: Research and Development: 2017-2019 ........................................... 281 Figure 8.90: Emerson Electric: SWOT Analysis ................................................................................... 282 Figure 8.91: Honeywell International: Overall Financials, 2017-2019 ................................................. 284 Figure 8.92: Honeywell International: Net Revenue (by Business Segment), 2017-2019 ................. 285 Figure 8.93: Honeywell International: SWOT Analysis ........................................................................ 286 Figure 8.94: ENGIE: Overall Financials, 2016-2018 ............................................................................ 288

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Internet of Things (IoT) in Oil and Gas Market

Figure 8.95: ENGIE: Net Revenue by Regional Segment, 2016-2018 ............................................... 289 Figure 8.96: ENGIE: SWOT Analysis ................................................................................................... 291 Figure 8.97: Yokogawa Electric Corporation: Overall Financials, 2016-2018..................................... 294 Figure 8.98: Yokogawa Electric Corporation: Net Revenue by Business Segment, 2017-2019 ...... 294 Figure 8.99: Yokogawa Electric Corporation: Net Revenue by Regional Segment, 2018-2019 ....... 295 Figure 8.100: Microsoft Corporation: SWOT Analysis ......................................................................... 296 Figure 8.101: Equinor ASA: Overall Financials, 2017-2019 ................................................................ 298 Figure 8.102: Equinor ASA: Net Revenue by Business Segment, 2017-2019 ................................... 299 Figure 8.103: Research and Development: Equinor ASA – 2017 to 2019.......................................... 300 Figure 8.104: Equinor ASA: SWOT Analysis ....................................................................................... 301 Figure 8.105: Royal Dutch Shell PLC: Overall Financials, 2016-2018 ................................................ 303 Figure 8.106: Royal Dutch Shell PLC: Net Revenue (by Business Segment), 2016-2018 ................ 304 Figure 8.107: Royal Dutch Shell PLC: Net Revenue (by Regional Segment), 2016-2018 ................ 305 Figure 8.108: Research and Development: Royal Dutch Shell PLC – 2016 to 2018 ......................... 305 Figure 8.109: Royal Dutch Shell PLC: SWOT Analysis ....................................................................... 306 Figure 8.110: Schlumberger Limited: Overall Financials, 2017-2019 ................................................. 308 Figure 8.111: Schlumberger Limited: Net Revenue (by Business Segment), 2017-2019 .................. 309 Figure 8.112: Schlumberger Limited: Net Revenue (by Regional Segment), 2017-2019 .................. 310 Figure 8.113: Schlumberger Limited: SWOT Analysis......................................................................... 311 Figure 8.114: BP p.l.c.: Overall Financials, 2017-2019 ........................................................................ 313 Figure 8.115: BP p.l.c.: Net Revenue by Business Segment, 2017-2019 .......................................... 313 Figure 8.116: Research and Development: BP p.l.c.– 2017 to 2019 .................................................. 314 Figure 8.117: 10.5: BP p.l.c.: SWOT Analysis ...................................................................................... 315 Figure 8.118: Total S.A.: Overall Financials, 2017-2019 ..................................................................... 317 Figure 8.119: Total S.A.: Net Revenue by Business Segment, 2017-2019 ........................................ 318 Figure 8.120: Total S.A.: SWOT Analysis ............................................................................................ 319 Figure 8.121: Saudi Arabia Oil Co. Overall Financials, 2017-2019 ..................................................... 321 Figure 8.122: Saudi Arabian Oil Co. Net Revenue by Business Segment, 2018-2019...................... 322

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Internet of Things (IoT) in Oil and Gas Market

Figure 8.123: Saudi Arabian Oil Co.: Net Revenue by Regional Segment, 2017-2019 ..................... 323 Figure 8.124: Saudi Arabian oil Co.: SWOT Analysis .......................................................................... 324 Figure 9.1: IoT in Oil and Gas Market Scope ....................................................................................... 340 Figure 9.2: Report Methodology ........................................................................................................... 341 Figure 9.3: Primary Interviews Breakdown, by Company, Designation, and Region ......................... 343 Figure 9.4: Sources of Secondary Research ....................................................................................... 344 Figure 9.5: Data Triangulation............................................................................................................... 345 Figure 9.6: Top Down-Bottom-Up Approach for Market Estimation .................................................... 346

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Internet of Things (IoT) in Oil and Gas Market

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Internet of Things (IoT) in Oil and Gas Market

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