openPR Logo
Press release

Generative Artificial Intelligence (AI) In Oil And Gas Market Size Projected To Reach $0.98 Billion By 2034 With A Cagr Of 17%

06-03-2025 11:03 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Generative Artificial Intelligence (AI) In Oil And Gas

Generative Artificial Intelligence (AI) In Oil And Gas

The Generative Artificial Intelligence (AI) In Oil And Gas Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]._x000D_
_x000D_
What Is the Projected Growth of the Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
The generative AI in oil and gas market size will grow from $0.45 billion in 2024 to $0.53 billion in 2025, with a CAGR of 17.3%. The historic growth can be linked to efficiency improvements, exploration and production optimization, digital transformation, the need to reduce operational costs, and the growing volume of data from sensors and exploration activities._x000D_
_x000D_
The generative AI in oil and gas market size is projected to reach $0.99 billion in 2029 at a CAGR of 17.0%. Growth is driven by operational efficiency, resource extraction optimization, environmental compliance, supply chain optimization, and better risk assessment and mitigation. Key trends include predictive maintenance, AI-driven exploration, automated drilling, risk assessment models, and supply chain management._x000D_
_x000D_
Purchase the full report for exclusive industry analysis:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19473_x000D_
_x000D_
What Are the Different Generative Artificial Intelligence (AI) In Oil And Gas Market Segments?_x000D_
The generative artificial intelligence (AI) in oil and gas market covered in this report is segmented -_x000D_
_x000D_
1) By Deployment: On-Premise, Cloud-Based_x000D_
2) By Function: Data Analysis And Interpretation, Predictive Modelling, Anomaly Detection, Decision Support, Other Functions_x000D_
3) By Application: Asset Maintenance, Drilling Optimization, Exploration And Production, Reservoir Modelling, Other Applications_x000D_
4) By End User: Oil And Gas Companies, Drilling Contractors, Equipment Manufacturers, Service Providers, Consulting Firms_x000D_
_x000D_
Subsegments:_x000D_
1) By On-Premise: Infrastructure Management, Data Security Solutions, Legacy System Integration, Customizable AI Models_x000D_
2) By Cloud-Based: Software as a Service (SaaS), Data Storage and Analytics, Real-Time Monitoring Solutions, Scalable AI Solutions_x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=19473&type=smp_x000D_
_x000D_
What Are the Primary Drivers Shaping the Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
The shift towards cloud technologies is anticipated to fuel the growth of generative AI in the oil and gas market. Cloud technologies deliver services like storage, processing, and applications via the internet, replacing the need for local servers. The increasing demand stems from scalability, cost-efficiency, collaboration, and digital transformation. These technologies empower generative AI by providing the infrastructure for processing vast data, leading to better analytics and resource optimization. For example, in December 2023, Eurostat reported that 45.2% of EU enterprises utilized cloud services, a 4.2 percentage point increase from 2021. Hence, the growing shift to cloud technologies is boosting generative AI in the oil and gas market._x000D_
_x000D_
Which Companies Are Leading in the Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
Major companies operating in the generative artificial intelligence (AI) in oil and gas market are Exxon Mobil Corporation, Google LLC, Chevron Corporation, TotalEnergies SE, Microsoft Corporation, Equinor ASA, Siemens AG, International Business Machines Corporation, Honeywell International Inc., ABB Ltd., Tata Consultancy Services Limited, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, Emerson Electric Co., Wipro Limited, Rockwell Automation Inc., AVEVA Group plc, Aspen Technology Inc., C3.ai Inc., Altair Engineering Inc._x000D_
_x000D_
What Trends Are Driving Growth in The Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
In the oil and gas market, companies are utilizing generative AI large language models to enhance data analysis, optimize operations, and provide predictive insights. Saudi Aramco launched Aramco Metabrain AI in March 2024, which analyzes historical data to provide forecasts on drilling plans, geological data, and market trends, aiding in better decision-making within the industry._x000D_
_x000D_
Get the full report for exclusive industry analysis:_x000D_
https://www.thebusinessresearchcompany.com/report/generative-artificial-intelligence-ai-in-oil-and-gas-global-market-report_x000D_
_x000D_
What Are the Top Revenue-Generating Geographies in the Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
North America was the largest region in the generative artificial intelligence in the oil and gas market in 2024. The regions covered in the generative artificial intelligence (AI) in oil and gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
_x000D_
Frequently Asked Questions:_x000D_
1. What Is the Market Size and Growth Rate of the Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
2. What is the CAGR expected in the Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
3. What Are the Key Innovations Transforming the Generative Artificial Intelligence (AI) In Oil And Gas Industry?_x000D_
4. Which Region Is Leading the Generative Artificial Intelligence (AI) In Oil And Gas Market?_x000D_
_x000D_
Why This Report Matters:_x000D_
_x000D_
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors._x000D_
_x000D_
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends._x000D_
_x000D_
Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Generative Artificial Intelligence (AI) In Oil And Gas Market Size Projected To Reach $0.98 Billion By 2034 With A Cagr Of 17% here

News-ID: 4048855 • Views:

More Releases from The Business Research Company

Rising E-Commerce Fuels Growth Of Generative Artificial Intelligence In The Supply Chain: An Emerging Driver Transforming The Generative Artificial Intelligence In Supply Chain Market Landscape
Rising E-Commerce Fuels Growth Of Generative Artificial Intelligence In The Supp …
The Generative Artificial Intelligence In Supply Chain Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]._x000D_ _x000D_ What Is the Projected Growth of the Generative Artificial Intelligence In Supply Chain Market?_x000D_ The generative artificial intelligence in supply chain market size has grown rapidly in recent years. It will
Generative Artificial Intelligence (AI) In Utilities Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Generative Artificial Intelligence (AI) In Utilities Market Forecast 2025-2034: …
The Generative Artificial Intelligence (AI) In Utilities Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]._x000D_ _x000D_ What Is the Projected Growth of the Generative Artificial Intelligence (AI) In Utilities Market?_x000D_ The generative artificial intelligence (AI) in utilities market size has grown significantly in recent years. It is
Impact Of Growing Video Content On The Expansion Of Generative Artificial Intelligence (AI) In Digital Marketing: An Emerging Driver Transforming The Generative Artificial Intelligence (AI) In Digital Marketing Market Landscape
Impact Of Growing Video Content On The Expansion Of Generative Artificial Intell …
The Generative Artificial Intelligence (AI) In Digital Marketing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]._x000D_ _x000D_ What Is the Projected Growth of the Generative Artificial Intelligence (AI) In Digital Marketing Market?_x000D_ The generative AI in digital marketing market size will grow from $2.48 billion in 2024
Generative Artificial Intelligence (AI) In Agriculture Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Generative Artificial Intelligence (AI) In Agriculture Market Forecast 2025-2034 …
The Generative Artificial Intelligence (AI) In Agriculture Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]._x000D_ _x000D_ What Is the Projected Growth of the Generative Artificial Intelligence (AI) In Agriculture Market?_x000D_ The generative AI in agriculture market size will grow from $0.22 billion in 2024 to $0.28 billion

All 5 Releases


More Releases for Oil

Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally. Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and