DUBLIN--(BUSINESS WIRE)--The "Global
Enterprise Pipeline Management Solutions (EPMS) Market 2017-2021"
report has been added to ResearchAndMarkets.com's
Global enterprise pipeline management solutions (EPMS) market to grow at a CAGR of 1.70% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Emergence of IIoT. Industrial Internet of Things (IIoT) is the next generation technology for all the applications owing to its superior advantages in terms of connectivity. IIoT had already been commercialized to a degree in factories by 2016. The digitalization is expanding worldwide and involves components that can identify and transmit conditional information. In addition, IIoT is further simplifying the connectivity techniques through the use of IPv6-based protocol addressing systems. The interoperability issues also find a better solution with the advent of IIoT.
According to the report, one of the major drivers for this market is Increasing preference for pipeline transportation. The transportation of oil and gas is usually referred as midstream. Transport modes in the oil and gas industry include transportation through pipelines, shipping, trucking, and railroading. Oil and gas are often produced at remote locations. They are then transported to refineries, after which they are processed into refined products and transported to end-users. Oil and gas projects are long-term projects, having an average life cycle of 20-30 years.
Further, the report states that one of the major factors hindering the growth of this market is Lack of new investments in oil and gas industry. Technologies such as hydraulic fracturing and horizontal drilling revolutionized the oil and gas industry by allowing oil extraction from shale rocks in the US. Thus, the US production of crude oil and condensates increased by 17% in 2014, compared with that in 2013. In 2015, the scenario worsened with the relaxation on Iran to export petroleum products and Saudi Arabia's decision of not cutting down the production.
- Rockwell Automation
- Schneider Electric
Other Prominent Vendors
- HCL Technologies
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
5. Market Landscape
6. Market Sizing
7. Market Segmentation by Application
8. Regional Landscape
9. Decision Framework
10. Drivers and Challenges
11. Market Trends
12. Vendor Landscape
13. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/q5pwn5/global_enterprise?w=4