International telemetry market set to top $100bn before end of decade
The need for the most reliable, cost-effective and scalable telemetry systems is as urgent as ever – as market leader Oriel Systems is well-placed to judge. The company does, after all, have a considerable installed user base across the globe, with such names as Celcon, Federal Mogul, AAK, Virgin, Unilever and Roche having all previously availed of its services and expertise.
Organisations across such industries as oil and gas, print, water and chemicals have benefitted from well-tailored solutions from a firm that has spent more than 25 years as a key player in high technology industrial services. In so doing, they have called upon not just in-depth knowhow in hardware including video, intelligent and low power outstations, but also software applications developed by those who have worked in the field since the infancy of Windows.
Nor are these firms exactly alone in giving telemetry an increasing place in their operations, particularly when one notes a recent report suggesting that the global telemetry market will be worth $72.42 billion this year. An anticipated Compounded Annual Growth Rate (CAGR) of 7.31 per cent is set to raise that figure to $103.42 billion by 2019.
The report, entitled Global Telemetry Market by Application & by Geography- Forecast Analysis, was published by US-based global market research and consulting firm MarketsandMarkets, and analyses prospects for the global telemetry market over the next five years. In addition to scrutinising the industry’s drivers, challenges and restraints, the report discusses the market, technology and industry trends of relevance to those offering or requesting telemetry solutions.
The findings of the report included that the global telemetry market is being driven by a continued need for cloud-based services, interoperability and scalability. Europe and the United States is where the primary market players are based, on account of their technical knowhow that is now enabling them to turn their attentions to emerging economies like Brazil, China, Australia, UAE and South Africa. Transition is also taking place within the market towards quicker, more efficient telemetry systems, in which Oriel Systems continues to play its own leading role.
Indeed, for both small and large projects, Oriel Systems remains the first telemetry contact of choice for all manner of prestigious clients, which have previously included such organisations as BP, Chick Master, SunChemical and Oxfordshire County Council. The firm remains of service for new clients seeking the most functional telemetry systems that also make economic sense, in the context of any investments that they may have already made in this area.
Don't just take our word for it, have a look at the our previous studies from a long list of prestigious clients.
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