Internet of Things in Energy Market
However, strict regulations on the workers regarding safety and asset in the energy sector may drive the global market in the near future. Moreover, the emergence of the next generation sensors is expected to fuel the global market growth. Conversely, lack of skilled workers may hinder the global internet of things market growth in the next few years.
Global Internet of Things in Energy Market: Segmentation
The global internet of things in the energy market is categorized based on network technologies, applications, systems and solutions, and regions. Based on the network technologies, the global market is bifurcated as radio, cellular, satellite, and others. The applications segment is further segmented as mining, and oil & gas. Moreover, based on systems and solutions, the global internet of things in the energy market is further classified as energy analytic, predictive maintenance, compliance and risk management, field surveillance and monitoring, intelligent energy management, platform, mobile workforce management, security, and connected logistic. Furthermore, the global market is fragmented on the basis of geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Internet of Things in Energy Market: Regional Analysis
North America is expanding its market owing to technological advancements. It contributes for the largest share in the global internet of things market. The increasing use of the internet of things in the energy industries may fuel the global market growth.