Global Oil Fuel Mobility Market: Overview
With spiking interest for oil and gas around the world, canny organizations are progressively figuring approaches to utilize accessible assets and cut operational expenses. One method for accomplishing it is by astutely utilizing mobility, which incorporates versatile figuring using brilliant gadgets, for example, tablets and cell phones, to convey on-request insight, better data stream, and higher field power efficiency. To expand somewhat further, mobility gives computerization to resource the board, materials the board, versatile investigation, chance and administrative consistence, and workforce robotization.
Besides, oil fuel mobility also helps to analyze the massive volumes of quantified data generated in upstream, midstream, and downstream process. This in turn facilitates a functional digital link among diverse locations and enables entities to chart organizational strategies for effecting better decisions. Mobility can be deployed both via on-premise or cloud solution in an organization.
A report by Transparency Market Research conveys essential information on the global oil fuel mobility market. After a granular analysis of the factors driving and hindering the growth in the market, the report finds that it will likely expand at a cracking pace in the upcoming years. The report also leverages market-leading analytical tools to gauge the current competitive dynamics and profiles leading players operating in the market.
Global Oil Fuel Mobility Market: Drivers and Trends
With oil prices at record lows in comparison to the peak price of US$100 a barrel, companies are increasingly feeling the pressure to bring down operational costs. Mobility accords them the opportunity to achieve it through a range of benefits it provides. This has been the single-most important growth driver in the global market for oil fuel mobility. Enterprise resource planning (ERP) and business intelligence software in mobile computing, for example, helps to seamlessly unite various organizational functions and leverage data for day to day crucial decisions on production, vendor management, maintenance, delivery, and asset management. It spans the gamut of operations starting from drilling to shipping crude oil to refineries and finally to the market.
Other factors stoking growth in the global oil fuel mobility market are the rapid technological progress and the ever-increasing demand for oil necessitating upping exploration and production. In the years ahead, mobility in oil and gas sector is predicted to see a surge on account of real-time operability with smart devices in streamlining data and higher economic benefits. Need to bring about more meaningful interactions between vendors and customers is slated to further propel the market.
Additionally, complementing technologies such as machine-to-machine (M2M) communication will further increase take-up of mobility in oil and gas refineries and petrochemical industries. Mobility service providers provide hosted services after gauging a customer’s needs. One cause of concern for vendors in the market is the information security.
Global Oil Fuel Mobility Market: Regional Outlook
Geographically, the key segments of the global oil fuel mobility market are Asia Pacific, North America, Europe, and the Rest of the World. Among them, North America and the Middle East countries are key markets.
Companies Mentioned in Report
Some of the crucial players in the global oil fuel mobility market are Accenture PLC, Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Oracle Corporation, Wipro Limited, SAP SE, Hewlett-Packard Development Company L.P., and Infosys Limited. Analysts of the report have evaluated the major companies based on their strategies, market shares, services, and growth prospects. The competitive landscaping presented in the report maps the important trends such as the emergence of a host of new players that will drive up competition dramatically going forward.