"Artificial Intelligence in Oil and Gas Market Growth: Enhancing Efficiency"


Posted September 15, 2023 by pawaryashmaximize

Artificial Intelligence in Oil and Gas Market size is expected to reach US$ 5.28 Bn by 2029 from US$ 2.71 Bn in 2022, at a CAGR of 10.02% during the forecast period.
 
Artificial Intelligence in Oil and Gas Market Overview:

The goal of Artificial Intelligence in Oil and Gas Market study is to provide an overview of the Artificial Intelligence in Oil and Gas industry as well as a detailed market segmentation by segments and geographies. The report contains critical information on the market positions of the top Artificial Intelligence in Oil and Gas firms, as well as important industry trends and opportunities.

The study also contains company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information for the leading industry players in the Global Artificial Intelligence in Oil and Gas market. This research looks into global, regional, and corporate market trends, volume, and value. This study examines the whole Artificial Intelligence in Oil and Gas Market Size from a worldwide standpoint, evaluating historical data and generating estimates.

Market Scope:

Following the completion of market engineering, which included market statistics computations, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as several data triangulation methods, were often used throughout the market engineering process to get a market evaluation and predictions for the overall market segments and sub-segments included in the Artificial Intelligence in Oil and Gas market study. To give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Top-down and bottom-up approaches are used to validate the market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.

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Segmentation:

by Function

Upstream
Downstream
Midstream

by Type

Hardware
Software
Hybrid

by Application

Reclamation
Material Movement
Production Planning
Field Services
Quality Control

Key Players:

Inorganic growth tactics cited in the industry included acquisitions, partnerships, and collaborations. Because of increased demand, industry participants in the Artificial Intelligence in Oil and Gas market are projected to benefit from excellent future growth opportunities. The following are a few firms involved in the global Artificial Intelligence in Oil and Gas industry.

1. IBM
2. Intel
3. Microsoft
4. Accenture (Republic of Ireland)
5. Google
6. Microsoft
7. Oracle
8. Numenta
9. Sentient technologies
10.Inbenta
11.General Vision
12.Cisco
13.FuGenX Technologies
14.Infosys
15.Hortonworks
16.Royal Dutch Shell

Regional Analysis:

After studying the political, economic, social, and technical elements impacting the Artificial Intelligence in Oil and Gas market in various regions, the report offers a detailed PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, and the Middle East, Africa, and South America.

COVID-19 Impact Analysis on Artificial Intelligence in Oil and Gas Market:

Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their plans to account for changing market supply. This report provides an overview of the COVID-19's influence on the Artificial Intelligence in Oil and Gas market and will assist you in developing your business in accordance with the new industry standards.

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Key Questions Answered in the Artificial Intelligence in Oil and Gas Market Report are:

What will be the CAGR of the Artificial Intelligence in Oil and Gas market during the forecast period?
In the Artificial Intelligence in Oil and Gas industry, which market category emerged as the market leader?
Who are the main market participants in Artificial Intelligence in Oil and Gas?
What will the size of the Artificial Intelligence in Oil and Gas market be in 2029?
Which company dominated the Artificial Intelligence in Oil and Gas industry in terms of market share?
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Issued By MMR
Phone 09607365656
Business Address 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
Country India
Categories Advertising , Business , Marketing
Tags artificial intelligence in oil and gas market artificial intelligence in oil and gas market size artificial intelligence in oil and gas market growth
Last Updated September 15, 2023