Automation

The COVID-19 pandemic outbreak has resulted in a global economic downturn, as countries imposed movement control orders and shut down businesses. Similar to most other markets worldwide, the demand for industrial robots is forecast to plummet in 2020. The high initial costs and lack of supportive infrastructure are likely to impede market growth in...

Robotics technology has been undergoing major technological growth in recent years. With the advent of Industry 4.0 and smart factories, all industries across the spectrum are adopting advanced robotic automation solutions for varied applications according to industry requirements. Currently, the main robotic technologies are categorized under col...

Manufacturing companies are constantly looking for new ways to streamline their operations, increase the productivity and profitability of operations. They now seek to optimize one of their own most valuable assets—data. New data grows exponentially because of the increase in the level of networking and connectivity among people and machines/devi...

5G with low latency and greater bandwidth accelerates the rate of data download, enabling the of use real-time data in the industrial operations. Images and data can be downloaded much faster with 5G integrated IIoT devices. As the result, data can be easily shared remotely. Connected factories: High speed data sharing is achieved using 5G integra...

In the age of rising digitalization and Industry 4.0 initiatives, the quest to maintain the highest security possible is ongoing. The global ICS cybersecurity market is witnessing steady growth, with companies focused on enhancing the security and resilience of critical industrial assets. Industrial companies seek to secure and optimize their Oper...

Autonomous robotics technology has been undergoing a major technological growth in the recent years. This novel technology is playing a crucial role in the transformation of many key industries like automotive, aerospace, warehouse, and logistics. With the advent of Industry 4.0 and smart factories, all industries across the spectrum are adopting a...

02 Dec 2019  |  Global

Digitization of Oil and Gas—Understanding the Impact of IIoT-based Monitoring

Demand for IIoT-based Solutions Increasing Due to Regulatory Requirements and Need to Limit Downtime and Leakage Loss

Infographics

×

This research service presents the opportunities for monitoring solutions based on the Industrial Internet of Things (IIoT) across the upstream, midstream, and downstream segments of the oil and gas industry. The study presents information on the various market trends with respect to sensing, monitoring, and emerging IIoT-based solutions in several...

The global Supervisory Control and Data Acquisition (SCADA) market is a well-established market and is witnessing a period of medium-to-low growth. It was valued at $5.29 billion in 2018 and is projected to reach $5.76 billion by 2023, growing at a CAGR of 1.7% from 2018 to 2023. The market has been holistically analyzed through 3 main segments, in...

Industrial production lines are undergoing transformation to adapt to the competitive market. As factory of the future becomes real, inter-connected devices autonomously enable flow of data, allowing automated analysis. Automation requires machines that are highly technologically advanced to derive reliable results. With manufacturing shop floors ...