Oil Fuel Mobility Market Segment Forecasts up to 2023
Today, mobile technology is among the top ten priorities in the world and around 55% of mobile users believe it greatly enhances several operations in various industries, especially in the oil and gas industry. Currently only one-third of the leading 50 oil and gas companies across the global oil fuel mobility market have employed a mobile strategy for their businesses, while many other enterprises in this industry still stand at the beginning of the implementation drive.
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It was not too long ago that the oil and gas industry recognized the need and importance of ERP solutions as well as business intelligence tools, and how they would become the real game changer in the coming decades. Nowadays, the inclusion of a mobility strategy in the oil and gas industry is bringing about efficiency in daily operations and creating a centralized transparent mechanism for operational activities. The market for oil fuel mobility shows a strong growth trend, with several oil companies transforming their traditional practices into a mobile approach.
The Need of Oil and Gas Companies for Mobility Solutions
Several upstream oil and gas companies are shifting to mobile-based solutions to improve the information flow, increase field-force productivity, and deliver on-demand intelligence. Several oil and gas companies are rapidly adopting mobile technology as the catalyst for their future growth and increased profitability. Adopting mobility in the oil and gas industry includes allowing employees to make critical decisions on oilfields, facilitate higher performance and safety, and boost productivity. It also helps enterprises maximize their turnover from resources and reduce cycle times, enhancing the effectiveness and efficiency of their operation. Such factors will ensure greater data integrity, thoroughly optimize the usage of resources, and reduce redundancy.
How Mobility will Change the Oil and Gas Industry
To help understand the uses of mobile technology and smartphones within the oil and gas as well as energy sectors, discussed below are some of the findings and mobile solutions that are expected to increase in the coming years.
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Mobility Achieved through Powerful Mobile Devices/Platforms
Mobility in the oil and gas industry offers higher production enabled through the availability of critical information at the fingertips. Some industries are rapidly catching up and bringing in heterogeneous mobile platforms in the global market to meet the growing demand for mobility in the oil industry. Industries introducing such mobile platforms offer rugged designs, high safety, and high bandwidth as key factors needed in this industry. Top mobile leaders are increasingly offering enterprise resource planning (ERP) and business intelligence software solutions to help integrate different organizational functions and use the data for better optimization.
Mobility through Vendor and Resource Management
Oil companies are having a hard time optimizing their operational costs and regulating the supply of oil and gas across the globe due to the growing demand for fuel. Since the oil and gas industry involves huge and complex data, the need for big data solutions to improve operational efficiency in areas such as drilling, exploration, logistics, production operations, and refining is significant. This industry has several large as well as small-scale vendors who provide big data solutions and specialized offerings such as advanced analytics and cloud-based solutions. In the coming years, integration of customers and vendors is expected to rapidly boost the demand for mobility services in the global oil and gas industry.
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