April 4th, 2024 - 06:28 GMT
Gothenburg, Sweden – April 4, 2024: According to a new research report from the IoT analyst firm Berg Insight, the installed base of wireless devices featuring cellular, satellite or LPWA connectivity in the oil and gas industry is forecasted to grow at a compound annual growth rate (CAGR) of 19.3 percent from 7.8 million units at the end of 2023 to 18.8 million connected devices by 2028. Remote monitoring of assets such as industrial equipment, tanks and pipeline infrastructure in the midstream and downstream sectors comprise the most common applications ...