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Global IoT Market in Pipeline Management 2017-2021: Market to Grow at a CAGR of 12.17%DUBLIN, September 26, 2017 /PRNewswire/ -- The "Global IoT Market in Pipeline Management 2017-2021" report has been added to Research and Markets' offering.  The global IoT market in pipeline management to grow at a CAGR of 12.17% during the period 2017-2021. Global IoT Market in Pipeline Management 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the new installations and services market for both IoT software and devices. One trend in the market is increasing oil thefts. Oil exploration, storage, and transportation is the main job for the oil production and transportation companies. To store and transport crude oil safely is a tough task for oil companies as oil theft always makes them suffer a huge economic loss with constantly rising oil price. According to the report, one driver in the market is otally integrated solutions for pipelines. The pipeline industry is undergoing a transformation. These transformations are basically driven by political and environmental factors, regulations, technology advances, and apprehensions on infrastructure safety. Environmental, regulatory and infrastructure security problems originating in end-user industries can be tackled effectively with the help of developments in the field of automation, and communication technology. Integrated solutions for pipelines help in understanding the challenges faced by pipeline operators and managers to ensure higher productivity, lower life cycle costs, and secure return of the investment. Further, the report states that one challenge in the market is standards for IoT technology. The lack of standards and documented practices has not only limited the impact of IoT technologies but also raised a question on the quality of performance. These factors affect the volume of software and IoT devices that are being sold to end-user companies. Without any standards or manual, manufacturers and developers sometimes develop products that operate in disruptive ways on the Internet with minimal concern of their impact on related processes. A poorly designed and configured device can create negative consequences for networking resources when connected to a broader network. Key vendors
Other prominent vendors
Key Topics Covered: Media Contact: Laura Wood, Senior Manager
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