Smart Wearables Market for Oil & Gas Industry: IntroductionThe global smart wearables market for oil & gas industry was valued at ~US$ 2.3 Bn in 2018 and is anticipated to expand at a CAGR of ~12% during the forecast period.
Among device types, the smart watches segment held a dominant share of the global smart wearables market for oil & gas industry in 2018, primarily due to various qualities of smart watches.
However, after 2016, investments have been increasing gradually, due to steady demand for oil and gas products worldwide.
Spending on oil and gas exploration rose by 20% in 2018, as 140 new reserves of oil and gas were discovered.
Asia Pacific held 11% share, while Middle East & Africa held 9% share of the global volumes discovered in 2018.Rising investments in the exploration and production of oil and gas are expected to boost the global oil & gas industry in the near future.
This, in turn, is projected to drive the global smart wearables market for oil & gas industry during the forecast period.More Trending Reports by Transparency Market Research â https://www.prnewswire.com/news-releases/increasing-demand-for-power-to-drive-global-underground-mining-market-to-valuation-of-us-25-bn-by-2027--transparency-market-research-301008293.htmlNorth America to Lead Smart Wearables Market for Oil & Gas IndustryNorth America dominated the global smart wearables market for oil & gas industry in 2018 and the trend is expected to continue during the forecast period, owing to significant implementation of AI- and IoT-based systems in the oil and & gas industry in the region.
Smart Wearables Market for Oil & Gas Industry: IntroductionThe global smart wearables market for oil & gas industry was valued at ~US$ 2.3 Bn in 2018 and is anticipated to expand at a CAGR of ~12% during the forecast period.
Among device types, the smart watches segment held a dominant share of the global smart wearables market for oil & gas industry in 2018, primarily due to various qualities of smart watches.
However, after 2016, investments have been increasing gradually, due to steady demand for oil and gas products worldwide.
Spending on oil and gas exploration rose by 20% in 2018, as 140 new reserves of oil and gas were discovered.
Asia Pacific held 11% share, while Middle East & Africa held 9% share of the global volumes discovered in 2018.Rising investments in the exploration and production of oil and gas are expected to boost the global oil & gas industry in the near future.
This, in turn, is projected to drive the global smart wearables market for oil & gas industry during the forecast period.More Trending Reports by Transparency Market Research â https://www.prnewswire.com/news-releases/increasing-demand-for-power-to-drive-global-underground-mining-market-to-valuation-of-us-25-bn-by-2027--transparency-market-research-301008293.htmlNorth America to Lead Smart Wearables Market for Oil & Gas IndustryNorth America dominated the global smart wearables market for oil & gas industry in 2018 and the trend is expected to continue during the forecast period, owing to significant implementation of AI- and IoT-based systems in the oil and & gas industry in the region.