IIoT-powered Monitoring Solutions to Find Growth Opportunities in Oil & Gas as Industry Investments Increase

"Innovative pricing models such as subscription-based pricing, pay per connected device, and pay-as-you-grow services enabled by IIoT are likely to promote the rapid adoption of monitoring solutions," said Krishna Raman,Research Analyst forIndustrial at Frost & Sullivan. "These models reduce the end-users' CAPEX required to implement them." "Innovative pricing models such assubscription-based pricing,pay per connected device, andpay-as-you-growservices enabled by IIoT are likely to...

"Innovative pricing models such as subscription-based pricing, pay per connected device, and pay-as-you-grow services enabled by IIoT are likely to promote the rapid adoption of monitoring solutions," said Krishna Raman,Research Analyst forIndustrial at Frost & Sullivan. "These models reduce the end-users' CAPEX required to implement them."

Frost & Sullivan's recent analysis, Digitization of Oil and Gas—Understanding the Impact of IIoT-based Monitoring, analyzes the industry trends in the upstream, midstream, and downstream oil & gas sectors. The study covers the geographic segments of North America, EMEA and Russia, Latin America, and Asia-Pacific.

For further information on this analysis, please visit: http://frost.ly/3yw

"The midstream sector is expected to experience the highest growth in investments," noted Raman. "Growth of the United Statesgas power plants segment and increased emphasis on gas exports will boost investment in pipelines, especially real-time pipeline monitoring solutions and natural gas liquefactionterminals. This demand for real-time monitoring will be further driven by end-users' desire for zero asset downtime and fool-proof personnel safety."

There will be greater growth opportunities for IIoT solution vendors that:

Digitization of Oil and Gas—Understanding the Impact of IIoT-based Monitoring is part of Frost & Sullivan's global Industrial Automation & Process Control Growth Partnership Service program.

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