IIoT Applications in the Oil and Gas Industry: The Installed Base of Wireless IIoT Devices in the Oil and Gas Industry Set to Reach 18.8 Million by 2028, Up from 7.8 Million in 2023 - ResearchAndMarkets.com
This study investigates the worldwide market for wireless IoT applications in the oil and gas industry.
- This study investigates the worldwide market for wireless IoT applications in the oil and gas industry.
- Oil and gas operators utilise wireless industrial IoT (IIoT) solutions to increase operational efficiency, secure assets and achieve regulatory compliance throughout the entire value chain.
- The report estimates that the number of installed wireless devices featuring cellular, satellite and LPWA connectivity for oil and gas applications reached 7.8 million units worldwide in 2023.
- Growing at a compound annual growth rate (CAGR) of 19.3 percent, the installed base is expected to reach 18.8 million units by 2028.