Press release
Global AI In Oil And Gas Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies IBM Corporation, Microsoft Corporation, Google LLC, Intel Corporation
AI In Oil And Gas Market
The global AI in oil and gas market size is expected to grow from $2.83 billion in 2022 to $3.22 billion in 2023 at a compound annual growth rate (CAGR) of 13.71%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The AI in oil and gas market size is expected to reach $5.16 billion in 2027 at a CAGR of 12.52%.
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https://www.thebusinessresearchcompany.com/report/ai-in-oil-and-gas-global-market-report
Major competitors in the AI In Oil And Gas market include IBM Corporation, Microsoft Corporation, Google LLC, Intel Corporation, Cisco Systems Inc., FuGenX Technologies Pvt. Ltd., Infosys Ltd., General Vision Inc., Royal Dutch Shell PLC, Numenta, NVIDIA Corporation, Sentient Technologies, Hortonworks, Inbenta, and Cloudera Inc.
The AI In Oil And Gas market is segmented -
• By Type: Hardware, Software, Hybrid
• By Function: Predictive Maintenance And Machinery Inspection, Material Movement, Production Planning, Field Services, Quality Control, Reclamation
• By Process: Reservoir Optimization, Drilling Optimization, Production Optimization, Safety Management, Other Processes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI In Oil And Gas market.
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AI in oil and gas is used for upstream operations, customized drilling, and optimization of downstream operations. Emulating human intelligence in machines created to act and think like people is known as artificial intelligence (AI).
The Table Of Content For The AI In Oil And Gas Market Include:
1. Executive Summary
2. AI In Oil And Gas Market Characteristics
3. AI In Oil And Gas Market Trends And Strategies
4. AI In Oil And Gas Market - Macro Economic Scenario
5. AI In Oil And Gas Market Size And Growth
……….
28. Key Mergers And Acquisitions In The AI In Oil And Gas Market
29. AI In Oil And Gas Market Future Outlook and Potential Analysis
30. Appendix
The "Global AI In Oil And Gas Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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