Wireless IoT devices in oil and gas reached 1,3 million in 2018

June 2019 News

According to a new research report from Berg Insight, the number of devices featuring cellular or satellite connectivity deployed in oil and gas applications amounted to 1,3 million at the end of 2018. Growing at a compound annual rate of 6,8%, this number is expected to reach 1,9 million units by 2023. Remote monitoring of tanks and industrial equipment in the midstream and downstream sectors comprise the most common applications for wireless solutions in the oil and gas industry.

Major automation vendors are investing heavily in the development of software platforms to support use cases surrounding predictive analytics and digital twins. While on the communications side, leading cellular device providers, together with spectrum licensees and utilities formed the Utility Broadband Alliance (UBBA) to advance the development of private LTE networks for critical infrastructure industries.

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