Globally, the rising demand for energy is expected to drive the consumption of fossil fuels in coming years. Companies operating in oil and gas sector have to maintain balance in production in order to meet the growing demand for fuel. The price of fuel also depends upon global supply and demand. Companies supply raw crude oil to oil refineries and petrochemical plants for production of different byproducts such as petrol, diesel and hydrocarbons. Oil companies find different ways to optimize their supply in order to cater the demand for fuel. Companies try to utilize their resources at optimum level in order to reduce operational cost and increase profit. Application of mobility in oil and gas companies is expected to boost the organization’s flexibility in performing task from any location and sharing data within the enterprise. Mobility focuses on using mobile computing through adoption of smart devices such as smartphones and tablets. Adoption of mobility technologies is helping the organization to take quick decision and reduce demand-supply gap of delivering fuel in market. Organizations produce a large amount of data related to sales and operation. Utilization of these data through mobility services helps the company to reduce demand-supply gap and optimize the plant efficiency.
Adoption of enterprise resource planning (ERP) and business intelligence software in mobile computing helps to integrate different organizational functions and use the data for optimization of daily operation. Mobility provides on-demand information to organization which is used in making decision in production, vendor management, maintenance, on-time customer delivery and asset management. Mobility can be deployed in organizations through on-premise or cloud solution. Mobility involves use of data management, material management, risk and regulatory compliance, mobile analytics and asset management. Mobility is used in performing core operations such as executing daily production order, schedule maintenance and prepare operator logs.
Mobility can be used to sell fuel to refineries and petrochemical plants across different countries. Mobility is also used in coordinating shipping of fuel and managing contracts in less time. It can be used to trade fuel faster through real-time price negotiation and shorten billing cycle. It also helps in inventory management and monitoring of equipment by continuously taking measurements and reading.
Use of mobility in oil and gas sector is expected to increase in coming years due to real-time operability with smart devices in streamlining data and increasing economic benefits. Integration of vendors and customers is expected to boost mobility services in oil and gas sector. The demand for machine-to-machine (M2M) communication is also expected to increase the adoption of mobility in oil and gas refineries and petrochemical industries. The information security is a major concern for adoption of mobility in oil and gas sector.
Mobility service providers provide hosted services depending upon the customer’s requirement. With the emergence of several new players, the competition in oil fuel mobility market is expected to increase in coming years. Some of the key mobility service providers for oil and gas sector are Accenture PLC, Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Hewlett-Packard Development Company L.P., Wipro Limited and Infosys Limited.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments