IoT Solutions Market Projected to Grow at CAGR of +29%: Result Associated with Existing and Promising Market, Forecast-2025
In the energy sector, IoT technologies have changed several aspects, such as reducing the possibilities of failures and delays, enhancing productivity and efficiency, improving real-time decision making, solving critical problems, and creating new and innovative experiences. As oil and gas companies are exploring ways to cut down production costs and optimize operations to increase profit margins, solutions provided by IoT technologies to tackle these challenges are witnessing increased demand.
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