Press release
AI in Oil and Gas Market to 2022 – Growing Steady at 12.66% CAGR and Projected to Reach US$ 2.85 Billion
ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global AI in Oil and Gas Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
AI in Oil & Gas market is projected to reach USD 2.85 billion by 2022, growing at a CAGR of 12.66%, from 2017 to 2022. The growth of AI in Oil & Gas market can be attributed to the big data technology in the Oil & Gas industry to augment E&P capabilities, a significant increase in venture capital investments, growing need for automation in the Oil & Gas industry, and tremendous pressure to reduce production costs.
Top Key Players in the “AI in Oil and Gas Market” report include are
• IBM (US)
• Intel (US)
• Microsoft (US)
• Accenture (Republic of Ireland)
• Google (US)
• Microsoft (US)
• Oracle (US)
• Numenta (US)
• Sentient technologies (US)
• Inbenta (US)
• General Vision (US)
• Cisco (US)
• FuGenX Technologies (US)
• Infosys (India)
• Hortonworks (US)
• Royal Dutch Shell (Netherlands)
North America is currently the largest market for AI in Oil & Gas, followed by the markets in Europe and Asia Pacific. Rising investments in the Oil & Gas infrastructure and increased focus toward automation and digitalization are expected to drive AI in the Oil & Gas market during the forecast period.
The Middle East and Africa is the fastest market for AI in Oil & Gas due to the recent discovery of offshore reserves in the Red Sea region. The increase in E&P activities is likely to boost the demand for AI solutions during the forecast period. The increasing investments in start-ups for AI implementation would further raise the demand for AI in the Oil & Gas market in the near future.
Access Complete report on AI in Oil and Gas Market spread across 140 Pages, profiling 15 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=1251977 .
The Study Objectives of this report are:
• To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To estimate the size of the global AI in the oil & gas market in terms of value
• To study the individual growth trends of the providers of AI in the oil & gas market, their future expansions, and analyze their contributions to the market
• To forecast the revenue of market segments with respect to regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East and Africa
• To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market, covered by AI in the oil & gas market and various regions
• To track and analyze competitive developments such as joint ventures, mergers & acquisitions, and new product launches, in AI in the oil & gas market
• To strategically profile key market players and comprehensively analyze their market position and core competencies
The report’s target audience includes:
• AI system providers
• AI manufacturers and suppliers
• Environmental research institutes
• Government and research organizations
• Institutional investors
• Technology providers
• National and local government organizations
• Research organizations and consulting companies
Get Discount on this report @ https://www.reportsnreports.com/contacts/discount.aspx?name=1251977 .
Research Coverage:
The report provides a picture of AI in Oil & Gas market and its segments across industries and regions. It aims at estimating the market size and future market growth potential across different segments, by type, function, application, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
List of Tables:
• AI in Oil & Gas Market Snapshot
• AI in Oil & Gas Market Size, By Type, 2015–2022 (USD Million)
• Hardware: AI in Oil & Gas Market, By Region, 2015–2022 (USD Million)
• Hardware: Top Countries for AI in Oil & Gas Market, 2015–2022 (USD Million)
• Software: AI in Oil & Gas Market, By Region, 2015–2022 (USD Million)
• …..and more
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