Market Overview

Global Internet of Things in Energy Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 16.46% -


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's

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.

Companies Mentioned

  • Agt International
  • Carriots S.L.
  • Cisco Systems Inc.
  • Davra Networks
  • Flutura Business Solutions LLC
  • IBM
  • ILS Technolgy LLC
  • Intel Corp.
  • Maven Systems Private Limited
  • SAP SE
  • Symboticware Inc.
  • Wind River Systems Inc.

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Technology

6. Market Segmentation

7. Competitive Intelligence - Company Profiles

8. Future of the Market

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