IoT in Oil and Gas Market

Global IoT in Oil and Gas Market Focus on Solutions (Sensing, Communication, Cloud Computing, Data Management), Applications (Fleet & Asset Management, Pipeline Monitoring, Preventive Maintenance), Industry Stream- Analysis and Forecast (2018-2023) December 2018

Global IoT in Oil and Gas Market

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Global IoT in Oil and Gas Market

Preface The oil and gas industry operates in a volatile environment. Fluctuations in the oil prices and the digitization boom in the industry has driven the demand for innovation and investment to meet the cost, ease the cost and optimize the industry’s operations. The use of IoT can help streamline operations and help companies to enhance workflow and provide useful data in making decisions.

Despite challenges in deploying IoT solutions, investment in innovation continues as oil and gas companies attempt to be more quick, efficient and productive while reducing costs.

IoT is helping the oil and gas companies in attaining global presence. Embedded sensors, automation and connectivity with data communications can gather and provide operational data from remote locations, which helps the sensor manufactures understand the operations in an accurate and detailed manner. IoT also removes physical barriers so that the companies can reach towards remote locations. The advantages of IoT technology for oil and gas are wide-ranging from equipment manufacturers to internet service providers. Adoption of IoT technology in the oil and gas industry results in increased productivity and sustainability. The shift towards the use of IoT in the oil and gas industry has been encouraged due to the decreasing cost of the sensors and the increasing availability of wireless network.

The market research study offers a wide perspective of the different types of solutions, industry stream and applications pertaining to IoT in oil and gas market and analyses its impact on the oil and gas sector by providing critical insights into the direction of its future expansion. The study provides a detailed analysis of the market dynamics, applications and regional growth of IoT in oil and gas technologies. 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 was designed to answer some of the most crucial questions about the IoT in oil and gas market: 

What is the global IoT in oil and gas market size in terms of revenue along with the growth rate during the forecast period 2018-2023?



What are the key solutions covered in the IoT in oil and gas market?



What are the major applications in the IoT in oil and gas market?



What are the different industry stream in the IoT in oil and gas market?



What is the market size and opportunities for IoT in oil and gas in different regions?



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

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Global IoT in Oil and Gas Market

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.

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, Europe, Asia-Pacific (APAC) and Rest-of-the-World (RoW). 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, the Netherlands, Norway, the U.K., France, the Netherlands, Denmark, China, Japan, South Korea, India, Thailand, Vietnam, Malaysia, Brazil, Saudi Arabia, U.A.E. and South Africa.

BIS Energy & Sustainability December 2018

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Global IoT in Oil and Gas Market

Table of Content Executive Summary………………………………..……………………………..17 1.

Market Dynamics ................................................................................................... 28

1.1

Market Drivers ........................................................................................................ 28

1.1.1

Increasing cyberattacks leveraging the spending on IoT in the oil and gas industry ................................................................................................... 29

1.1.2

Need of Increased Operational Efficiency ..................................................... 29

1.1.3

Scarcity of Skilled Labor ................................................................................ 30

1.2

Market Restraints ................................................................................................... 32

1.2.1

Privacy and Security Concern ....................................................................... 32

1.2.2

Obsolete Communication Infrastructure ........................................................ 32

1.3

Market Opportunities ............................................................................................. 33

1.3.1

Introduction of Next Generation Sensors, Edge Computing and Software in the Oil and Gas Industry ............................................................. 33

1.3.2

IoT based Smart Automation Using Drones in Oil and Gas Industry ............. 34

1.3.3

Growth Opportunity in IoT Analytics Market .................................................. 34

2.

Competitive Landscape ......................................................................................... 36

2.1

Key Market Developments and Strategies ........................................................... 36

2.1.1

Partnership, Collaboration and Joint Venture ................................................ 38

2.1.2

New Product Launch and Development ........................................................ 39

2.1.3

Business Expansion and Contract ................................................................ 40

2.1.4

Mergers and Acquisitions .............................................................................. 41

2.1.5

Others (Awards and Recognition) ................................................................. 42

2.2 2.2.1

Leading Player Analysis ........................................................................................ 42 Leading Player Analysis of IoT Solution Providers in IoT in Oil and Gas Market ........................................................................................................... 42

3.

Industry Analysis ................................................................................................... 44

3.1

Industry Attractiveness ......................................................................................... 44

3.1.1

Threat of New Entrant ................................................................................... 45

3.1.2

Bargaining Power of Buyers .......................................................................... 45

3.1.3

Bargaining Power of Suppliers ...................................................................... 46

3.1.4

Threat from Substitutes ................................................................................. 47

3.1.5

Intensity of Competitive Rivalry ..................................................................... 48

3.2

Key Venture Capital Investments ......................................................................... 49

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Global IoT in Oil and Gas Market

3.3

Emerging Trends in the IoT in Oil and Gas Market ............................................. 52

3.4

Opportunity Matrix ................................................................................................. 53

3.5

Regulatory Bodies/Acts ........................................................................................ 55

3.6

Associations/Consortiums/Alliances ................................................................... 56

3.7

Privacy Laws Across Different Countries ............................................................ 57

3.8

Patent Filed by Key Companies............................................................................ 58

4.

Global IoT in Oil and Gas Market, (by Industry Stream) ..................................... 60

4.1

Assumptions and Limitations for Analysis and Forecast of the Global IoT in Oil and Gas Market ...................................................................................... 60

4.2

Upstream ................................................................................................................ 62

4.3

Midstream ............................................................................................................... 64

4.4

Downstream ........................................................................................................... 66

5.

Global IoT in Oil and Gas Market, (by Solutions) ................................................ 68

5.1

Sensing Systems ................................................................................................... 70

5.2

Communication ...................................................................................................... 72

5.3

Cloud and Edge Computing .................................................................................. 73

5.4

Data Management .................................................................................................. 75

6.

Global IoT in Oil and Gas Market, (by Application) ............................................. 77

6.1

Fleet and Asset Management ............................................................................... 79

6.2

Preventive Maintenance ........................................................................................ 80

6.3

Pipeline Monitoring................................................................................................ 81

6.4

Security Management ............................................................................................ 83

6.5

Others ..................................................................................................................... 86

7.

Global IoT Oil and Gas Market (by Region) ......................................................... 87

7.1

North America ........................................................................................................ 89

7.1.1

North America (by Application)...................................................................... 90

7.1.2

North America (by Industry Stream) .............................................................. 91

7.1.3

North America (by Country)........................................................................... 92

7.1.3.1

The U.S. .................................................................................................................. 93

7.1.3.2

Canada .................................................................................................................... 95

7.1.3.3

Mexico ..................................................................................................................... 96

7.2

Europe .................................................................................................................... 97

7.2.1

Europe (by Application) ................................................................................. 99

7.2.2

Europe (by Industry Stream) ....................................................................... 100

7.2.3

Europe (by Country) .................................................................................... 101

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Global IoT in Oil and Gas Market

7.2.3.1

U.K. ....................................................................................................................... 102

7.2.3.2

Norway .................................................................................................................. 104

7.2.3.3

The Netherlands .................................................................................................... 105

7.2.3.4

France ................................................................................................................... 106

7.2.3.5

Germany................................................................................................................ 107

7.2.3.6

Denmark ................................................................................................................ 108

7.2.3.7

Rest of Europe....................................................................................................... 110

7.3

Asia-Pacific .......................................................................................................... 110

7.3.1

Asia-Pacific (by Application) ........................................................................ 112

7.3.2

Asia-Pacific (by Industry Stream) ................................................................ 113

7.3.3

Asia-Pacific (by Country) ............................................................................. 114

7.3.3.1

China ..................................................................................................................... 115

7.3.3.2

Japan..................................................................................................................... 117

7.3.3.3

South Korea........................................................................................................... 118

7.3.3.4

India ...................................................................................................................... 119

7.3.3.5

Malaysia ................................................................................................................ 120

7.3.3.6

Vietnam ................................................................................................................. 121

7.3.3.7

Rest of Asia-Pacific................................................................................................ 122

7.4

Rest of the world (RoW) ...................................................................................... 122

7.4.1

RoW (by Application) .................................................................................. 124

7.4.2

RoW (by Industry Stream) ........................................................................... 125

7.4.3

RoW (by Country) ....................................................................................... 126

7.4.3.1

Brazil ..................................................................................................................... 127

7.4.3.2

Saudi Arabia .......................................................................................................... 128

7.4.3.3

United Arab Emirates (UAE) .................................................................................. 129

7.4.3.4

Others.................................................................................................................... 130

8.

Company Profiles ................................................................................................ 131

8.1

Cisco Systems ..................................................................................................... 132

8.1.1

Company Overview ..................................................................................... 132

8.1.2

Product Portfolio .......................................................................................... 133

8.1.3

Financials .................................................................................................... 133

8.1.3.1

Financial Summary ................................................................................................ 135

8.1.4

SWOT ANALYSIS ....................................................................................... 136

8.2 8.2.1

C3 IoT .................................................................................................................... 137 Company Overview ..................................................................................... 137

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Global IoT in Oil and Gas Market

8.2.2

Product Portfolio .......................................................................................... 137

8.2.2.1

Corporate Summary .............................................................................................. 138

8.2.3

SWOT ANALYSIS ....................................................................................... 138

8.3

International Business Machines Corporation (IBM) ........................................ 139

8.3.1

Company Overview ..................................................................................... 139

8.3.2

Product Portfolio .......................................................................................... 140

8.3.3

Financials .................................................................................................... 140

8.3.3.1

Financial Summary ................................................................................................ 141

8.3.4

SWOT ANALYSIS ....................................................................................... 142

8.4

Intel Corporation .................................................................................................. 143

8.4.1

Company Overview ..................................................................................... 143

8.4.2

Product Portfolio .......................................................................................... 144

8.4.3

Financials .................................................................................................... 144

8.4.3.1

Financial Summary ................................................................................................ 145

8.4.4

SWOT ANALYSIS ....................................................................................... 146

8.5

Microsoft Corporation ......................................................................................... 147

8.5.1

Company Overview ..................................................................................... 147

8.5.2

Product Portfolio .......................................................................................... 148

8.5.3

Financials .................................................................................................... 148

8.5.3.1

Financial Summary ................................................................................................ 149

8.5.4

SWOT ANALYSIS ....................................................................................... 150

8.6

Telit ....................................................................................................................... 151

8.6.1

Company Overview ..................................................................................... 151

8.6.2

Product Portfolio .......................................................................................... 152

8.6.3

Financials .................................................................................................... 152

8.6.3.1

Financial Summary ................................................................................................ 153

8.6.4

SWOT ANALYSIS ....................................................................................... 154

8.7

PTC........................................................................................................................ 155

8.7.1

Company Overview ..................................................................................... 155

8.7.2

Product Portfolio .......................................................................................... 155

8.7.3

Financials .................................................................................................... 156

8.7.3.1

Financial Summary ................................................................................................ 157

8.7.4

SWOT ANALYSIS ....................................................................................... 158

8.8

SAP SE .................................................................................................................. 159

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Global IoT in Oil and Gas Market

8.8.1

Company Overview ..................................................................................... 159

8.8.2

Product Portfolio.......................................................................................... 159

8.8.3

Financials .................................................................................................... 160

8.8.3.1

Financial Summary ................................................................................................ 161

8.8.4

SWOT ANALYSIS ....................................................................................... 162

8.9

ABB Ltd. ............................................................................................................... 163

8.9.1

Company Overview ..................................................................................... 163

8.9.2

Product Portfolio .......................................................................................... 164

8.9.3

Financials .................................................................................................... 164

8.9.3.1

Financial Summary ................................................................................................ 165

8.9.4

SWOT ANALYSIS ....................................................................................... 166

8.10

General Electric.................................................................................................... 167

8.10.1

Company Overview ..................................................................................... 167

8.10.2

Product Portfolio .......................................................................................... 168

8.10.3

Financials .................................................................................................... 168

8.10.3.1

Financial Summary ................................................................................................ 169

8.10.4

SWOT ANALYSIS ....................................................................................... 170

8.11

Honeywell International Inc. ............................................................................... 171

8.11.1

Company Overview ..................................................................................... 171

8.11.2

Product Portfolio .......................................................................................... 172

8.11.3

Financials .................................................................................................... 172

8.11.3.1

Financial Summary ................................................................................................ 173

8.11.4

SWOT ANALYSIS ....................................................................................... 175

8.12

Schneider Electric................................................................................................ 176

8.12.1

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

8.12.2

Product Portfolio .......................................................................................... 177

8.12.3

Financials .................................................................................................... 177

8.12.3.1

Financial Summary ................................................................................................ 178

8.12.4

SWOT ANALYSIS ....................................................................................... 179

8.13

Siemens AG .......................................................................................................... 180

8.13.1

Company Overview ..................................................................................... 180

8.13.2

Product Portfolio .......................................................................................... 181

8.13.3

Financials .................................................................................................... 181

8.13.3.1

Financial Summary ................................................................................................ 182

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Global IoT in Oil and Gas Market

8.13.4 8.14

SWOT ANALYSIS ....................................................................................... 183 Rockwell Automation Inc. ................................................................................... 184

8.14.1

Company Overview ..................................................................................... 184

8.14.2

Product Portfolio .......................................................................................... 185

8.14.3

Financials .................................................................................................... 186

8.14.3.1

Financial Summary ................................................................................................ 187

8.14.4

SWOT ANALYSIS ....................................................................................... 188

8.15

Equinor ................................................................................................................. 189

8.15.1

Company Overview ..................................................................................... 189

8.15.2

Product Portfolio .......................................................................................... 190

8.15.3

Financials .................................................................................................... 190

8.15.3.1

Financial Summary ................................................................................................ 191

8.15.4

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

8.16

Royal Dutch Shell ................................................................................................ 193

8.16.1

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

8.16.2

Product Portfolio .......................................................................................... 194

8.16.3

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

8.16.3.1

Financial Summary ................................................................................................ 195

8.16.4

SWOT ANALYSIS ....................................................................................... 196

8.17

Schlumberger ....................................................................................................... 197

8.17.1

Company Overview ..................................................................................... 197

8.17.2

Product Portfolio .......................................................................................... 198

8.17.3

Financials .................................................................................................... 198

8.17.3.1

Financial Summary ................................................................................................ 199

8.17.4

SWOT ANALYSIS ....................................................................................... 200

8.18

Total S.A. .............................................................................................................. 201

8.18.1

Company Overview ..................................................................................... 201

8.18.2

Product Portfolio .......................................................................................... 202

8.18.3

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

8.18.3.1

Financial Summary ................................................................................................ 203

8.18.4

SWOT ANALYSIS ....................................................................................... 204

8.19

ENGIE.................................................................................................................... 205

8.19.1

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

8.19.2

Product Portfolio .......................................................................................... 205

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Global IoT in Oil and Gas Market

8.19.3

Financials .................................................................................................... 206

8.19.3.1

Financial Summary ................................................................................................ 207

8.19.4

SWOT ANALYSIS ....................................................................................... 208

8.20

Other Key IoT Platform Providers ...................................................................... 209

9.

Report Scope and Methodology ......................................................................... 212

9.1

Report Scope........................................................................................................ 212

9.2

IoT in Oil and Gas Market Research Methodology............................................ 213

9.2.1

Assumptions................................................................................................ 213

9.2.2

Limitations ................................................................................................... 214

9.2.3

Primary Data Sources ................................................................................. 214

9.2.4

Secondary Data Sources ............................................................................ 215

9.2.5

Data Triangulation ....................................................................................... 215

9.2.6

Market Estimation and Forecast.................................................................. 216

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Global IoT in Oil and Gas Market

List of Figures Figure 1: Global IoT in Oil and Gas Market Snapshot .....................................................................20 Figure 2: Global IoT in Oil and Gas Market (by Solutions), 2018 and 2023 .....................................22 Figure 3: Global IoT in Oil and Gas Market (by Application), $Billion, 2018 and 2023 .....................23 Figure 4: Global IoT in Oil and Gas Market (by Industry Stream), 2018-2023 .................................24 Figure 5: Global IoT in Oil and Gas Market (by Region), 2018-2023 ...............................................25 Figure 6: Global IoT in Oil and Gas Market (by Country), 2017 .......................................................26 Figure 1.1: Market Dynamics ..........................................................................................................28 Figure 1.2: Impact Analysis of Drivers .............................................................................................29 Figure 1.3: U.S. Oil and Gas Industry Workforce: Facts ..................................................................31 Figure 1.4: Impact Analysis of Restraints ........................................................................................32 Figure 2.1: Strategies Adopted by the Key Players (June 2015-November 2018) ...........................36 Figure 2.2: Share of Key Market Strategies and Developments (June2015- November 2018) ........37 Figure 2.3: Partnerships, Collaborations and Joint Venture Shares (by Companies) ......................38 Figure 2.4: New Product Launches and Development Share (by Companies) ................................39 Figure 2.5: Business Expansion and Contract Share (by Companies) ............................................40 Figure 2.6: Merger and Acquisition Share (by Companies) .............................................................41 Figure 2.7: Leading Player Analysis of IoT Solution Providers in IoT in Oil and Gas Market ...........42 Figure 2.8: Leading Player Analysis of Automation and Power Management Companies in IoT in Oil and Gas Market .....................................................................................................................43 Figure 2.9: Leading Player Analysis of Oil and Gas Companies in IoT in Oil and Gas Market.........43 Figure 3.1: Porter’s Five Forces Analysis for the IoT in Oil and Gas Market ....................................44 Figure 3.2: Global IoT in Oil and Gas Market Opportunity Matrix, (by Region), 2018 and 2023 .......54 Figure 4.1: Global IoT in Oil and Gas Market (by Industry Stream) .................................................61 Figure 4.2: Upstream Segment in IoT in Oil and Gas Market, 2017-2023 .......................................63 Figure 4.3: Midstream Segment in IoT in Oil and Gas Market, 2017-2 023 ....................................65 Figure 4.4: Downstream Segment in IoT in Oil and Gas Market, 2017-2023 ...................................67 Figure 5.1: IoT in Oil and Gas: By Solutions ...................................................................................68 Figure 5.2: Global IoT in Oil and Gas Market (by Solutions) ...........................................................69 Figure 5.3: Sensing Systems in IoT in Oil and Gas Market, 2017-2023 ..........................................70 Figure 5.4: Wireless Sensors: Application .......................................................................................71 Figure 5.5: Communication Systems in IoT in Oil and Gas Market, 2017-2023 ...............................72 Figure 5.6: Cloud and Edge Computing Systems in IoT in Oil and Gas Market, 2017-2023 ............73 Figure 5.7: Data Management Systems in IoT in Oil and Gas Market, 2017-2023 ..........................75 Figure 6.1: IoT in Oil and Gas: By Application .................................................................................77 Figure 6.2: Fleet and Asset Management in IoT in Oil and Gas Market, 2017-2023 ........................79 All rights reserved at BIS Research

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Global IoT in Oil and Gas Market

Figure 6.3: Preventive Maintenance in IoT in Oil and Gas Market, 2017-2023 ................................80 Figure 6.4: Pipeline Monitoring in IoT in Oil and Gas Market, 2017-2023 ........................................82 Figure 6.5: Increasing Number of Cyber- Crime Incidents in the U.S. .............................................83 Figure 6.6: Security Management in IoT in Oil and Gas Market, 2017-2023 ...................................85 Figure 6.7: Others in IoT in Oil and Gas Market, 2017-2023 ...........................................................86 Figure 7.1: Global IoT in Oil and Gas Regional Market Share and Growth Rate, 2018-2023 ..........87 Figure 7.2: North America IoT in Oil and Gas Market, 2017-2023 ...................................................90 Figure 7.3: North America IoT in Oil and Gas Market (by Application) ............................................91 Figure 7.4: North America IoT in Oil and Gas Market (by Industry Stream) .....................................92 Figure 7.5: North America IoT in Oil and Gas Market (by Country) .................................................92 Figure 7.6: The U.S. IoT in Oil and Gas Market, 2017-2023............................................................94 Figure 7.7: Canada IoT in Oil and Gas Market, 2017-2023 .............................................................95 Figure 7.8: Mexico IoT in Oil and Gas Market, 2017-2023 ..............................................................96 Figure 7.9: Europe IoT in Oil and Gas Market, 2017-2023 ..............................................................98 Figure 7.10: Europe IoT in Oil and Gas Market (by Application) ......................................................99 Figure 7.11: Europe IoT in Oil and Gas Market (by Industry Stream) ............................................100 Figure 7.12: Europe IoT in Oil and Gas Market (by Country).........................................................101 Figure 7.13: The U.K. IoT in Oil and Gas Market, 2017-2023........................................................103 Figure 7.14: Norway IoT in Oil and Gas Market, 2017-2023..........................................................104 Figure 7.15: The Netherlands IoT in Oil and Gas Market, 2017-2023 ...........................................106 Figure 7.16: France IoT in Oil and Gas Market, 2017-2023 ..........................................................107 Figure 7.17: Germany IoT in Oil and Gas Market, 2017-2023 .......................................................108 Figure 7.18: Denmark IoT in Oil and Gas Market, 2017-2023 .......................................................109 Figure 7.19: Rest of Europe IoT in Oil and Gas Market, 2017-2023 ..............................................110 Figure 7.20: Asia-Pacific IoT in Oil and Gas Market, 2017-2023 ...................................................111 Figure 7.21: Asia-Pacific IoT in Oil and Gas Market (by Application).............................................112 Figure 7.22: Asia-Pacific IoT in Oil and Gas Market (by Industry Stream) .....................................113 Figure 7.23: Asia-Pacific IoT in Oil and Gas Market (by Country) .................................................114 Figure 7.24: China IoT in Oil and Gas Market, 2017-2023 ............................................................116 Figure 7.25: Japan IoT in Oil and Gas Market, 2017-2023 ............................................................117 Figure 7.26: South Korea IoT in Oil and Gas Market, 2017-2023 ..................................................118 Figure 7.27: India IoT in Oil and Gas Market, 2017-2023 ..............................................................119 Figure 7.28: Malaysia IoT in Oil and Gas Market, 2017-2023........................................................120 Figure 7.29: Vietnam IoT in Oil and Gas Market, 2017-2023.........................................................121 Figure 7.30: Rest of Asia-Pacific IoT in Oil and Gas Market, 2017-2023 .......................................122 Figure 7.31: RoW IoT in Oil and Gas Market, 2017-2023..............................................................123

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Global IoT in Oil and Gas Market

Figure 7.32: RoW IoT in Oil and Gas Market (by Application) .......................................................124 Figure 7.33: RoW IoT in Oil and Gas Market (by Industry Stream)................................................125 Figure 7.34: RoW IoT in Oil and Gas Market (by Country) ............................................................126 Figure 7.35: Brazil IoT in Oil and Gas Market, 2017-2023.............................................................127 Figure 7.36 Saudi Arabia IoT in Oil and Gas Market, 2017-2023 ..................................................128 Figure 7.37: UAE IoT in Oil and Gas Market, 2017-2023 ..............................................................129 Figure 7.38: Others IoT in Oil and Gas Market, 2017-2023 ..........................................................130 Figure 8.1: Segmentation of Key Companies Profiled ...................................................................131 Figure 8.2: Cisco Systems: Overall Financials, 2015-2017 ...........................................................133 Figure 8.3: Cisco Systems: Net Revenue (by Region), 2015-2017 ...............................................135 Figure 8.4: Cisco Systems: Net Revenue by Business Segment, 2015-2017................................135 Figure 8.5: Cisco Systems: SWOT Analysis .................................................................................136 Figure 8.6: C3 IoT: SWOT Analysis ..............................................................................................138 Figure 8.7: IBM Corporation: Overall Financials, 2015-2017 .........................................................140 Figure 8.8: IBM Corporation: Net Revenue by Business Segment, 2015-2017 .............................141 Figure 8.9: IBM Corporation: Net Revenue by Regional Segment, 2015-2017 ..............................141 Figure 8.10: IBM Corporation: SWOT Analysis .............................................................................142 Figure 8.11: Intel Corporation: Overall Financials, 2015-2017.......................................................144 Figure 8.12: Intel Corporation: Net Revenue by Business Segment, 2015-2017 ...........................145 Figure 8.13: Intel Corporation: Net Revenue by Regional Segment, 2015-2017 ...........................145 Figure 8.14: Intel Corporation: SWOT Analysis .............................................................................146 Figure 8.15: Microsoft Corporation: Overall Financials, 2016-2018 ...............................................148 Figure 8.16: Microsoft Corporation: Net Revenue by Business Segment, 2016-2018 ...................149 Figure 8.17: Microsoft Corporation: Net Revenue by Regional Segment, 2016-2018 ....................149 Figure 8.18: Microsoft Corporation: SWOT Analysis .....................................................................150 Figure 8.19: Telit: Overall Financials, 2015-2017 ..........................................................................152 Figure 8.20: Telit: Net Revenue by Business Segment, 2015-2017 ..............................................153 Figure 8.21: Telit: Net Revenue by Regional Segment, 2015-2017 ...............................................153 Figure 8.22: Telit: SWOT Analysis ................................................................................................154 Figure 8.23: PTC: Overall Financials, 2016-2018..........................................................................156 Figure 8.24: PTC: Net Revenue by Business Segment, 2016-2018 ..............................................156 Figure 8.25: PTC: Net Revenue by Regional Segment, 2016-2018 ..............................................157 Figure 8.26: PTC: SWOT Analysis ................................................................................................158 Figure 8.27: SAP SE: Overall Financials, 2015-2017 ....................................................................160 Figure 8.28: SAP SE: Net Revenue by Business Segment, 2015-2017 ........................................160 Figure 8.29: SAP SE: Net Revenue by Regional Segment, 2015-2017.........................................161

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Global IoT in Oil and Gas Market

Figure 8.30: SAP SE: SWOT Analysis ..........................................................................................162 Figure 8.31: ABB Ltd.: Overall Financials, 2015-2017 ...................................................................164 Figure 8.32: ABB Ltd.: Net Revenue by Business Segment, 2015-2017 .......................................165 Figure 8.33: ABB Ltd.: Net Revenue by Regional Segment, 2015-2017 .......................................165 Figure 8.34: ABB Ltd.: SWOT Analysis .........................................................................................166 Figure 8.35: General Electric: Overall Financials, 2015-2017........................................................168 Figure 8.36: General Electric: Net Revenue by Business Segment, 2015-2017 ............................169 Figure 8.37: General Electric: Net Revenue by Regional Segment, 2015-2017 ............................169 Figure 8.38: General Electric: SWOT Analysis ..............................................................................170 Figure 8.39: Honeywell International: Overall Financials, 2015-2017 ............................................172 Figure 8.40: Honeywell International: Net Revenue by Business Segment, 2015-2017 ................173 Figure 8.41: Honeywell International: Net Revenue by Regional Segment, 2015-2017 .................173 Figure 8.42: Honeywell International: SWOT Analysis ..................................................................175 Figure 8.43: Schneider Electric: Overall Financials, 2015-2017 ....................................................177 Figure 8.44: Schneider Electric: Net Revenue by Business Segment, 2015-2017.........................178 Figure 8.45: Schneider Electric: Net Revenue by Regional Segment, 2015-2017 .........................178 Figure 8.46: Schneider Electric: SWOT Analysis ..........................................................................179 Figure 8.47: Siemens AG: Overall Financials, 2015-2017 .............................................................181 Figure 8.48 Siemens AG: Net Revenue by Business Segment, 2015-2017 ..................................182 Figure 8.49 Siemens AG: Net Revenue by Regional Segment, 2015-2017...................................182 Figure 8.50: Siemens AG: SWOT Analysis ...................................................................................183 Figure 8.51: Rockwell Automation Inc.: Overall Financials, 2016-2018 .........................................186 Figure 8.52: Rockwell Automation Inc.: Net Revenue by Business Segment, 2016-2018 .............186 Figure 8.53: Rockwell Automation Inc.: Net Revenue by Regional Segment, 2015-2017 ..............187 Figure 8.54: Rockwell Automation Inc.: SWOT Analysis ...............................................................188 Figure 8.55: Equinor: Overall Financials, 2015-2017 ....................................................................190 Figure 8.56: Equinor: Net Revenue by Business Segment, 2015-2017 .........................................191 Figure 8.57: Equinor: SWOT Analysis ...........................................................................................192 Figure 8.58: Royal Dutch Shell: Overall Financials, 2015-2017.....................................................194 Figure 8.59: Royal Dutch Shell: Net Revenue by Business Segment, 2015-2017 .........................195 Figure 8.60: Royal Dutch Shell: Net Revenue by Regional Segment, 2015-2017 .........................195 Figure 8.61: Royal Dutch Shell: SWOT Analysis ...........................................................................196 Figure 8.62: Schlumberger: Overall Financials, 2015-2017 ...........................................................198 Figure 8.63 Schlumberger: Net Revenue by Business Segment, 2015-2017 ................................199 Figure 8.64 Schlumberger: Net Revenue by Regional Segment, 2015-2017 ................................199 Figure 8.65: Schlumberger: SWOT Analysis .................................................................................200

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Global IoT in Oil and Gas Market

Figure 8.66: Total S.A.: Overall Financials, 2015-2017 .................................................................202 Figure 8.67 Total S.A.: Net Revenue by Business Segment, 2015-2017 ......................................203 Figure 8.68: Total S.A.: SWOT Analysis .......................................................................................204 Figure 8.69: ENGIE: Overall Financials, 2015-2017 ......................................................................206 Figure 8.70: ENGIE: Net Revenue by Operating Segment, 2015-2017 .........................................206 Figure 8.71: ENGIE: SWOT Analysis ............................................................................................208 Figure 9.1: IoT in Oil and Gas Market Scope ................................................................................212 Figure 9.2: Report Methodology ....................................................................................................213 Figure 9.3: Primary Interviews Breakdown, by Player, Designation, and Country .........................214 Figure 9.4: Sources of Secondary Research.................................................................................215 Figure 9.5: Data Triangulation.......................................................................................................216 Figure 9.6: Top Down-Bottom-Up Approach for Market Estimation ...............................................217

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Global IoT in Oil and Gas Market

List of Tables Table 1: Market Snapshot: Global IoT in Oil and Gas Market..........................................................21 Table 3.1: Analyzing Threat of New Entrants ..................................................................................45 Table 3.2: Analyzing Bargaining Power of Buyers...........................................................................46 Table 3.3: Analyzing Bargaining Power of Suppliers .......................................................................47 Table 3.4: Analyzing the Threat from Substitute..............................................................................48 Table 3.5: Analyzing the Intensity of Competitive Rivalry ................................................................48 Table 3.6: Recent Developments: IoT Investments (2015-2018).....................................................49 Table 3.7: Regulatory Bodies/Act in Global IoT in Oil and Gas Market ............................................55 Table 3.8: Associations/Consortiums in Global IoT in Oil and Gas Market ......................................56 Table 3.9: Privacy Laws followed by different Countries in Global IoT in Oil and Gas Market .........57 Table 3.10: Some of the Recently Filed Patent ...............................................................................58 Table 4.1: Global IoT in Oil and Gas Market (by Industry Stream), 2017-2023, ($Billion) ................62 Table 5.1: Global IoT in Oil and Gas Market (by Solutions), 2017-2023 ($Billion) ...........................69 Table 6.1: Global IoT in Oil and Gas Market (by Application), 2017-2023 ($Billion) ........................78 Table 7.1: Global IoT in Oil and Gas Market (by Region), 2017-2023 .............................................88 Table 7.2: Recent Developments in the North American IoT in Oil and Gas Industry ......................89 Table 7.3: North America IoT in Oil and Gas Market (by Application), 2017-2023 ...........................90 Table 7.4: North America IoT in Oil and Gas Market (by Industry Stream), 2017-2023 ...................91 Table 7.5: North America IoT in Oil and Gas Market (by Country), 2017-2023 ................................93 Table 7.6: Europe IoT in Oil and Gas Market (by Application), 2017-2023 ......................................99 Table 7.7: Europe IoT in Oil and Gas Market (by Industry Stream), 2017-2023 ............................100 Table 7.8: Europe IoT in Oil and Gas Market (by Country), 2017-2023 .........................................102 Table 7.9: Asia-Pacific IoT in Oil and Gas Market (by Application), 2017-2023 .............................112 Table 7.10: Asia-Pacific IoT in Oil and Gas Market (by Industry Stream), 2017-2023 ...................113 Table 7.11: Asia-Pacific IoT in Oil and Gas Market (by Country), 2017-2023 ................................115 Table 7.12: RoW IoT in Oil and Gas Market (by Application), 2017-2023......................................124 Table 7.13: RoW IoT in Oil and Gas Market (by Industry Stream), 2017-2023 ..............................125 Table 7.14: RoW IoT in Oil and Gas Market (by Country), 2017-2023 ..........................................126 Table 8.1: Cisco Systems: Product Portfolio .................................................................................133 Table 8.2: C3IoT: Product Portfolio ...............................................................................................137 Table 8.3: IBM Corporation: Product Portfolio ...............................................................................140 Table 8.4: Intel Corporation: Product Portfolio ..............................................................................144 Table 8.5: Microsoft Corporation: Product Portfolio .......................................................................148 Table 8.6: Telit : Product Portfolio .................................................................................................152

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Global IoT in Oil and Gas Market

Table 8.7: PTC: Product Portfolio .................................................................................................155 Table 8.8: SAP SE: Product Portfolio ............................................................................................159 Table 8.9: ABB Ltd.: Product Portfolio...........................................................................................164 Table 8.10: General Electric: Product Portfolio .............................................................................168 Table 8.11: Honeywell International: Product Portfolio ..................................................................172 Table 8.12: Schneider Electric: Product Portfolio ..........................................................................177 Table 8.13: Siemens AG: Product Portfolio ...................................................................................181 Table 8.14: Rockwell Automation Inc.: Product Portfolio ...............................................................185 Table 8.15: Equinor: Product Portfolio ..........................................................................................190 Table 8.16: Royal Dutch Shell: Product Portfolio...........................................................................194 Table 8.17: Schlumberger: Product Portfolio .................................................................................198 Table 8.18: Other Key Players in the Oil and Gas Market .............................................................209 Table 8.19: Other Key Oil and Gas Players Investing in IoT .........................................................211

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Global IoT in Oil and Gas Market

List of Acronyms Acronyms

Descriptions

AI

Artificial Intelligence

APAC

Asia-Pacific

CAGR

Compound Annual Growth Rate

CFL

Compact Fluorescent Light

EID

Electronic Identification

DDoS

Distributed Denial of Service

GNSS

Global Navigation Satellite Systems

GPS

Global Positioning Systems

HRAC

High Resolution Adaptive Controllers

HID

High Intensity Discharge

ICT

Information and Communication Technologies

IoT

Internet of Things

ISE

Innovative Software Engineering

LED

Light Emitting Diode

OEM

Original Equipment Manufactures

PALM

Petroleum Analytics Learning Machine

PaaS

Platform-as-a-Service

R&D

Research and Development

RFID

Radio-frequency Identification

SCADA

Supervisory Control and Data Acquisition

SME

Small Medium Enterprises

UAV

Unmanned Aerial Vehicles

UAS

Unmanned Aerial Systems

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Global IoT in Oil and Gas Market

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Global IoT in Oil and Gas Market

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