Internet of Things (IoT) in Energy Market worth 22.34 Billion USD by 2020

MarketsandMarkets Presents

Internet of Things (IoT) in Energy Market worth 22.34 Billion USD by 2020

http://www.marketsandmarkets.com/Market-Reports/iot-energy-market-251659593.html

The report "Internet of Things (IoT) in Energy Market by Systems & Solutions (Predictive Asset Maintenance, Connected Logistics, Security, Energy Analytics, IoT Platform, Energy Management), by Application (Oil & Gas, Mining), by Services & by Regions - Global Forecast to 2020", define and segments the market on the basis of systems and solutions, network technologies, services, applications, and regions.

Systems and solutions include predictive maintenance, platform, security, connected logistic, compliance and risk management, energy analytics, intelligent energy management, mobile workforce management, and field surveillance and monitoring.

Browse 130 market data Tables and 41 Figures spread through 170 Pages and in-depth TOC on "Internet of Things (IoT) in Energy Market - Global Forecast to 2020� http://www.marketsandmarkets.com/Market-Reports/iot-energy-market-251659593.html Early buyers will receive 10% customization on this report.

MarketsandMarkets forecasts that the global IoT in Energy market is expected to grow from USD 7.59 Billion in 2015 to USD 22.34 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period.

Network technologies have been segmented into cellular, satellite, radio, and others. The services have been segmented into system integration, professional service, and support and maintenance. In addition, the report classifies the market into the regions such as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

The IoT in energy terminology is used to define the implementation of the IoT-based technology solutions and associated services into the various applications of oil & gas, and mining sector.

The solutions are primarily aimed at achieving the integration of machines and intelligent data analysis to enhance the operational efficiency targets being set by the energy companies. It also improvise the analytics-based decision making, by diminishing the threats and vulnerabilities of market by using efficient tools and techniques.

It imparts benefits to the various end-to-end needs, such as increase in overall operational efficiency, cost-cutting in productivity, optimization of supply chain, diminishing the energy trading risk factors, and data privacy and security, of all the affiliated industries spanning across the entire energy industry value chain.

http://www.marketsandmarkets.com/Market-Reports/iot-energy-market-251659593.html

The rise in security concerns against cyber-attacks and demand for increased operational efficiency is expected to drive the IoT in Energy market in the coming years.

As a result, solution providers are shifting focus towards IoT security solutions to safeguard the connected devices. IoT based solutions are further enabling companies to increase operational efficiency.

Advancement in next generation sensors is another major driving factor of the IoT in Energy market. However, lack of skilled labors and increasing concern about data security and privacy acts as a restraining growth factor of the market.

Furthermore, the IoT in Energy market is still in the growing phase. The vendors in the IoT in Energy market are AGT International, Carriots, Cisco, Davra Networks, Flutura, IBM, ILS Technology, Maven Systems, Northwest Analytics, SAP, Symboticware, and Wind River.

http://www.marketsandmarkets.com/Market-Reports/iot-energy-market-251659593.html

About MarketsandMarkets MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

http://www.marketsandmarkets.com/Market-Reports/iot-energy-market-251659593.html

About MarketsandMarkets M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

http://www.marketsandmarkets.com/Market-Reports/iot-energy-market-251659593.html

Contact Us Contact: Mr. Rohan Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com