The global oil & gas industry experienced a 22% rise in company filings mentions of internet of things in Q1 2023 compared with the previous quarter, with the highest share accounted for by Enterprise Products Partners with 25% year-on-year decrease, according to GlobalData’s analysis of over 80 oil & gas company filings. The growing application of Internet of Things will prove to have a transformative impact on the the oil & gas sector. GlobalData’s Internet of Things (IoT) Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of cloud and cybersecurity, according to GlobalData.
Of the top leading companies in the oil & gas industry, Enterprise Products Partners had the greatest increase in references for internet of things in Q1 2023, compared with the previous quarter. GlobalData identified 27 internet of things-related sentences in the company's filings - 34% of all sentences - and an increase of 500% in Q1 2023 compared with Q1 2022. PTT Exploration and Production Public’s mentions of internet of things rose by 200% to 3 and Reliance Industries’s by 100% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q1 2023 was 96.
To further understand GlobalData's analysis on Internet of Things (IoT) Market Size, Share and Trends Analysis by Region, Type (Enterprise, Consumer), Product (Hardware, Software and Services), Enterprise Size, Vertical (Government, Utilities, Manufacturing, Transport and Logistics and Others) and Se buy the report here.