Wireless M2M to Grow 20% in Oil and Gas
9/15/2015 11:35:00 AM
In an industry whose remote locations call for wireless communications, cellular- and satellite-connected devices are expected to grow to 1.25 million by 2019, Berg Insight says, via Automation World.

The oil and gas industry is growing its number of device connections, but reaching into more remote and inaccessible locales. There is more relying on wireless connections to transfer its machine-to-machine (M2M) data.

The number of devices connected by cellular or satellite communications in oil and gas application is expected to grow from an installed base of 0.5 million at the end of last year to 1.25 million by 2019, according to new research from Berg Insight. That’s a compound annual growth rate (CAGR) of 20.1 percent. By the end of the forecast period, cellular-connected devices are expected to reach 0.99 million, with satellite-connected devices at 0.27 million units.

Read the full article on Automation World.

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