TECH BUYER Apr 2020 - IDC Perspective - Doc # EUR146223020

Future of Mobility: Impact on the Oil & Gas Industry

By: Gaurav VermaResearch Manager, IDC Energy Insights

Abstract

This IDC Perspective is a spinoff of the umbrella research The Future of Mobility: An IDC Vision (IDC #EUR145829020, April 2020) and focuses on how the future of mobility impacts O&G companies and how they should ready themselves to align with the fast-evolving business models and customer needs. For the purposes of this industry-specific report, we are addressing the scenarios of sustainable mobility and individualistic mobility, as IDC expects them to have a higher probability to materialize and are more relevant in O&G industry context.

"Mobility is becoming smarter, not only in terms of technology, but also in terms of type and amount of fuel consumption. Oil revenue loss from road transport is inevitable, but there will be emerging potential for new revenue streams. To capture significant shares of emerging opportunities in the future of mobility, O&G players will have to invest in relevant technologies, new energy business strategies, and ecosystem innovation to be able to reap maximum benefits tomorrow," said Gaurav Verma, research manager, IDC Energy Insights, IDC Europe.


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