Global Oil Fuel Mobility Market: Overview
With spiking demand for oil and gas worldwide, savvy companies are increasingly figuring ways to make optimal use of available resources and slash operational costs. One way of achieving it is by sagaciously leveraging mobility, which includes mobile computing through the use of smart devices such as tablets and smartphones, to deliver on-demand intelligence, better information flow, and higher field force productivity. To elaborate a bit further, mobility helps provide automation to asset management, materials management, mobile analytics, risk and regulatory compliance, and workforce automation.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.