Global Enterprise Pipeline Management Solutions (EPMS) Market 2017-2021

Overview of the global enterprise pipeline management solutions (EPMS) market

The oil and gas industry adopts transportation modes such as pipelines, shipping, trucking, and railroading. Due to the remote locations of oil and gas industries for production, the products must be transported to reach the end-users. Companies are steadily adopting pipelines for long distance oil and gas transport due to the low cost of operation and capability of transporting large quantity of products. Technavio’s market study identifies the increasing preference for pipeline transportation to be one of the primary growth factors for the enterprise pipeline management solutions (EPMS) market. Moreover, pipelines have low energy, are economic, eco-friendly, and can operate in any terrain and underseas. Our market analysts estimate that the market will register a revenue of almost USD 174 million by 2021.

The emergence of IIoT is one of the key trends that will drive the growth of the enterprise pipeline management solutions (EPMS) market in the coming years. IIoT provides superior advantages in terms of connectivity that involves components that identify and transmit conditional information. Using IPv6-based protocol addressing systems, this technology is further simplifying the connectivity techniques, while, improving the interoperability issues.

Competitive landscape and key vendors