The implementation of Artificial Intelligence (AI) in the oil & gas industry helps in streamlining the whole production process as well as wastage control across the different operations. Since the operations in oil & gas industry include several hazardous tasks, the safety of the workers is one of the crucial requirement, and particularly the aging pipeline infrastructure maintenance puts immense pressure on the oil & gas companies. Thus, there is a need for several data analysis process that leverage predictive modeling across the operations of the oil & gas industry. The implementation of AI solutions is thereby, gaining popularity in the oil & gas industry.
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Key Players:
1. Accenture
2. Cisco Systems, Inc.
3. FuGenX Technologies Pvt Ltd
4. Google LLC
5. Hortonworks Inc.
6. IBM Corporation
7. Intel Corporation
8. Microsoft Corporation
9. Nvidia Corporation
10. Oracle Corporation
The AI in Oil & Gas market research report offers a detailed overview of the industry including both qualitative and quantitative information. It also provides market size and forecast till 2027 for overall AI in Oil & Gas market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the AI in Oil & Gas market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the AI in Oil & Gas market?
4. What are the prominent market trends influencing the development of the AI in Oil & Gas market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the AI in Oil & Gas market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
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