According to the report, Integration of IoT Platform in the Oil and Gas Operations for Avoiding the Hazardous Locations and Enabling Remote Monitoring Capabilities is one of the primary growth factors for the market. Demand for Automation in Every Industry for Efficiency, Productivity, Reduced Human Errors and Increased Laborer Safety is also expected to contribute significantly to the Oil and Gas Automation market. Overall, Offshore applications of Oil and Gas Automation, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Oil and Gas Automation Market identified that the demand is rising in many different parts of the world due to "Growing Government Investment in Oil and Gas Projects for Improving the Import and Export Operation will Boost the Oil and Gas Automation Market". Furthermore, some recent industry insights like "On 20th March 2020, SAP SE and Accenture launched a co-developed solution for upstream oil and gas companies based on SAP S/4HANA Cloud. Using intelligent technologies such as artificial intelligence (AI), the SAP S/4HANA Cloud solution for upstream oil and gas helps customers to further increase visibility into operations and cash flow. Additionally, the solution includes contributions from leading global oil and gas companies such as ConocoPhillips and Shell." is constantly making the industry dynamic. One of the challenges that industry facing is "Issues with the Limited Availablity of Industry-specific Resources in the Oil and Gas Automation Market"

The Components, such as Software, is boosting the Oil and Gas Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Product, such as Supervisory Control and Data Acquisition (SCADA), is boosting the Oil and Gas Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Solution, such as Production Site Monitoring, is boosting the Oil and Gas Automation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Oil and Gas Automation market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Oil and Gas Automation market and other related sub-markets covered in the study.

o Key & emerging players in the Oil and Gas Automation market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Oil and Gas Automation market size is calculated using market estimation process, the Oil and Gas Automation market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Oil and Gas Automation market size has been validated using both top-down and bottom-up approaches.