DUBLIN--(BUSINESS WIRE)--The "Global Internet of Things in Energy Market - Segmented by Solution, Services, Application (Upstream, Midstream, Downstream), and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global Internet of Things in energy market was valued at USD 10.96 billion and is expected to reach USD 28.41 billion by 2023 and with a CAGR of 16.46% during the forecast period of 2018-2023.
Internet of Things helps in connecting various smart devices to ease the operation and sharing of data amongst the peers. There are various smart devices, such as sensors, smartphones, and wearables, which collect data from the devices that can be utilized to enhance customer's experience. Additionally, the use of e-commerce platform is increasing rapidly owing to the ease of shopping and smartphone penetration in the market, which is likely to boost the market.
The adoption of cloud platform is on the rise owing to ease of storage and ability to share with diverse set of people. Furthermore, it offers high security from natural disaster and data loss, which is likely to boost the market growth over the next six years. The downtime in traditional storage can increase owing to hardware maintenance, whereas cloud offers comparatively less downtime, owing to which, it is highly preferred over its counterpart.
The rising influx of technology companies coupled with increasing investment in the region is expected to propel the market growth rate. Moreover, the government of various countries in the region are focusing majorly on Internet of Things (IoT) in order to enhance the operations and to develop the nation. This is projected to fuel the market over the next six years.
- Agt International
- Carriots S.L.
- Cisco Systems Inc.
- Davra Networks
- Flutura Business Solutions LLC
- ILS Technolgy LLC
- Intel Corp.
- Maven Systems Private Limited
- SAP SE
- Symboticware Inc.
- Wind River Systems Inc.
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
6. Market Segmentation
7. Competitive Intelligence - Company Profiles
8. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/h78kxn/global_internet?w=4