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Artificial Intelligence in Oil & Gas Market to Grow at a Strong 7.65 Percentage CAGR, Reaching USD 5.60 Billion by 2030

12-10-2024 06:56 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Global Artificial Intelligence (AI) in Oil market

Global Artificial Intelligence (AI) in Oil market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 3.34 Billion in 2023 and the total Artificial Intelligence (AI) in Oil & Gas revenue is expected to grow at a CAGR of 7.65 % from 2024 to 2030, reaching nearly USD 5.60 Billion by 2030.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global Artificial Intelligence (AI) in oil market is experiencing significant growth as AI technologies are increasingly utilized to optimize operations, enhance predictive maintenance, and improve safety across the oil and gas industry. AI applications, including machine learning and data analytics, are transforming exploration, production, and refining processes by enabling better decision-making and reducing operational costs. The adoption of AI also aids in environmental monitoring and risk management, driving greater efficiency and sustainability within the sector. This growth is expected to continue as AI solutions become more advanced and integrated.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/11417/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ:

The global Artificial Intelligence (AI) in oil market is primarily driven by the increasing demand for operational efficiency, cost reduction, and enhanced decision-making capabilities. AI technologies, such as machine learning, predictive analytics, and automation, are improving exploration, drilling, and production processes, while reducing downtime and optimizing resource management. Additionally, the growing need for safety, sustainability, and environmental monitoring is accelerating AI adoption, enabling the oil and gas industry to address challenges more effectively and stay competitive in a rapidly evolving market.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The global Artificial Intelligence (AI) in oil market is seeing key trends in automation, predictive analytics, and machine learning to optimize exploration and production activities. Increasing emphasis on sustainability and safety is prompting more AI solutions to monitor environmental factors and reduce risks. Additionally, the integration of AI technologies in decision-making processes and asset management is enhancing operational efficiency, while reducing costs. These trends highlight the growing role of AI in transforming the oil industry into a more data-driven, efficient, and sustainable sector.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/11417/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ:

โ€ข In Vietnam, ๐๐ž๐ญ๐ซ๐จ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ has entered into a partnership with ๐’๐œ๐ก๐ง๐ž๐ข๐๐ž๐ซ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ to leverage AI in optimizing their oil and gas operations.
โ€ข ๐’๐ข๐š๐ฆ ๐‚๐ž๐ฆ๐ž๐ง๐ญ ๐†๐ซ๐จ๐ฎ๐ฉ in Thailand has invested in AI technologies from ๐ˆ๐๐Œ to streamline its energy management and production processes.
โ€ข In Singapore, ๐Š๐ž๐ฉ๐ฉ๐ž๐ฅ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง has collaborated with ๐‚3.๐š๐ข to bring AI-driven solutions to its oil field management operations.
โ€ข In South Korea, ๐’๐Š ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง has integrated AI systems developed by ๐Œ๐ข๐œ๐ซ๐จ๐ฌ๐จ๐Ÿ๐ญ to monitor and improve production efficiency.
โ€ข In Japan, ๐‰๐š๐ฉ๐š๐ง ๐๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง ๐‚๐จ. ๐‹๐ญ๐. has partnered with ๐„๐ฑ๐ฑ๐จ๐ง๐Œ๐จ๐›๐ข๐ฅ to deploy AI systems for predictive maintenance and operational efficiency.
โ€ข European markets have seen ๐‘๐จ๐ฒ๐š๐ฅ ๐ƒ๐ฎ๐ญ๐œ๐ก ๐’๐ก๐ž๐ฅ๐ฅ investing in AI research and collaborating with ๐†๐จ๐จ๐ ๐ฅ๐ž ๐‚๐ฅ๐จ๐ฎ๐ to enhance data analytics and operational systems.
โ€ข In the USA, ๐‚๐ก๐ž๐ฏ๐ซ๐จ๐ง has acquired ๐“๐ž๐ง๐๐ซ๐ข๐ฅ to incorporate AI solutions for energy consumption monitoring and optimization.
โ€ข
๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐›๐ฒ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

โ€ข ๐’๐œ๐ก๐ง๐ž๐ข๐๐ž๐ซ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ has made advancements in integrating AI for real-time data processing and energy optimization.
โ€ข ๐ˆ๐๐Œ is focusing on AI solutions that help oil and gas companies predict equipment failures and reduce downtime.
โ€ข ๐Œ๐ข๐œ๐ซ๐จ๐ฌ๐จ๐Ÿ๐ญ'๐ฌ AI technology is now being widely adopted by major oil companies, enhancing predictive analytics and automation.
โ€ข ๐‚3.๐š๐ข continues to expand its role in AI adoption by offering customized AI solutions to oil and gas companies globally.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/11417/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Hardware
Software
Hybrid

๐›๐ฒ ๐…๐ฎ๐ง๐œ๐ญ๐ข๐จ๐ง

Predictive maintenance and machinery inspection
Material movement
Production planning
Field services
Quality control
Reclamation

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Upstream
Downstream
Midstream

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž (๐€๐ˆ) ๐ข๐ง ๐Ž๐ข๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

North America:
1. Schlumberger, Houston, Texas, USA
2. Baker Hughes Company, Houston, Texas, USA
3. Halliburton, Houston, Texas, USA
4. IBM, Armonk, New York, USA
5. NVIDIA Corporation, Santa Clara, California, USA
6. Microsoft Corporation, Redmond, Washington, USA
7. Oracle Corporation, Redwood City, California, USA
8. General Electric (GE) , Boston, Massachusetts, USA
9. SAS Institute Inc., Cary, North Carolina, USA
10. C3.ai, Redwood City, California, USA
11. SparkCognition, Austin, Texas, USA
12. Aspen Technology, Bedford, Massachusetts, USA
13. TIBCO Software Inc., Palo Alto, California, USA
14. Honeywell International Inc., Charlotte, North Carolina, USA
15. Rockwell Automation, Inc., Milwaukee, Wisconsin, USA
16. Bentley Systems, Exton, Pennsylvania, USA
Europe
1. Accent, Dublin, Ireland
2. Siemens AG, Munich, Germany
3. ABB Ltd, Zurich, Switzerland
4. Wood PLC, Aberdeen, Scotland, UK
5. Capgemini, Paris, France
Asia-Pacific
1. Yokogawa Electric Corporation, Tokyo, Japan
2. Infosys Limited, Bangalore, India
3. Tech Mahindra, Pune, India

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-in-oil-gas-market/11417/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข Microgrid Control System Market Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข Microgrid Control System Market Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Global Biomethane Market https://www.maximizemarketresearch.com/market-report/global-biomethane-market/16077/

โ™ฆDentures Market https://www.maximizemarketresearch.com/market-report/dentures-market/167397/

โ™ฆNucleic Acid Isolation and Purification Market https://www.maximizemarketresearch.com/market-report/global-nucleic-acid-isolation-and-purification-market/100126/

โ™ฆApple Cider Vinegar Market https://www.maximizemarketresearch.com/market-report/global-apple-cider-vinegar-market/98303/

Gypsum Board Market https://www.maximizemarketresearch.com/market-report/global-gypsum-board-market/102433/

โ™ฆFly Ash Market https://www.maximizemarketresearch.com/market-report/global-fly-ash-market/22358/

โ™ฆGlobal Camping Equipment Market https://www.maximizemarketresearch.com/market-report/global-camping-equipment-market/103396/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

โœ† +91 9607365656

๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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Researchmoz added Most up-to-date research on "Global Medical Wearable Market Insights, Forecast to 2025" to its huge collection of research reports. The global Medical Wearable market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025. The objectives of this study are to define, segment, and project the size of the Medical Wearable market based on company,โ€ฆ
01-07-2019 | Business, Economy, Finances, B โ€ฆ
Wearables in Healthcare Market
Global Wearables in Healthcare Market to 2025: Abbott Laboratories(USA), MC10(US โ€ฆ
Researchmoz added Most up-to-date research on "Global Wearables in Healthcare Market Insights, Forecast to 2025" to its huge collection of research reports. The global Wearables in Healthcare market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025. The objectives of this study are to define, segment, and project the size of the Wearables in Healthcareโ€ฆ
12-14-2018 | IT, New Media & Software
Research Reports Inc.
Risk Analysis Management Market Outlook to 2023 โ€“ FireMon (USA), ForcePoint (U โ€ฆ
Risk and Vulnerability Analysis โ€“ including the ability to create virtual network maps and visualize network connections and analyze traffic flow In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Risk Analysis Management market for 2018-2023. Request for Sample of Global Risk Analysis Management Market 2018 Research Report: https://www.researchreportsinc.com/sample-request?id=232759 Over the next five years, Publisher projects that Risk Analysis Management willโ€ฆ
11-28-2018 | IT, New Media & Software
Research Reports Inc.
Risk Analysis Management Market Outlook to 2023 โ€“ FireMon (USA), ForcePoint (U โ€ฆ
In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Risk Analysis Management market for 2018-2023. Risk and Vulnerability Analysis โ€“ including the ability to create virtual network maps and visualize network connections and analyze traffic flow Request for Sample of Global Risk Analysis Management Market 2018 Research Report: https://www.researchreportsinc.com/sample-request?id=232759 Over the next five years, Publisher projects that Risk Analysis Management willโ€ฆ