AI in Oil and Gas Market: A Straight Overview of Growing Market & Future Trend | Intel, Accenture, Google, Microsoft

Artificial intelligence is projected to be a key influencing factor for the growth of the oil and gas sector in the upcoming years. The technology revolution in oil and gas industry is taking off because of improvising safety and productivity that can be achieved by automation. With increasing challenges faced by the oil and gas industry in the past for exploration and exploitation of hydrocarbons, a cross-disciplinary approach is being rendered which requires some critical processes to be semi-automated and some to be fully automated. It can also reduce the risk to human workers. According to Motorola Solutions, the demand for the AI in the global oil sector is expected to increase by about 33%, by 2035.

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A Latest intelligence report published by AMA Research with title “AI in Oil and Gas Market Outlook to 2026.A detailed study accumulated to offer Latest insights about acute features of the Global AI in Oil and Gas market. This report provides a detailed overview of key factors in the AI in Oil and Gas Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.

Major Players in This Report Include,

IBM (United States),Intel (United States),Accenture (Republic of Ireland),Google (United States),Microsoft (United States),Oracle (United States),Sentient technologies (United States),Inbenta (United States),General Vision (United States),Cisco (United States)

Market Trends:

• Increasing Investment in Start-Ups for AI Implementation in Oil & Gas Industry in Various Regions Including Middle East, Africa and Others

Market Drivers:

• The Surging Incidents of Oil & Gas Leakage from Storage Tanks and Pipelines at Production Facilities
• Increasing Safety Concerns Among the Workforce, Especially the Maintenance of Aging Pipeline Infrastructure

Market Opportunities:

• The Rising Adoption of Smart Sensing Technology as a Part of Industrial IoT

The Global AI in Oil and Gas Market segments and Market Data Break Down are illuminated below:

by Type (Hardware, Software, Services), Application (Upstream, Midstream, Downstream), Function Type (Material Handling, Production Planning, Field Services, Quality Control, Others), Service Type (Professional, Managed)

AI in Oil and Gas the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, AI in Oil and Gas Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain. However overall estimates and sizing, various tables and graphs presented in the study gives and impression how big is the impact of COVID.

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Geographically World AI in Oil and Gas markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for AI in Oil and Gas markets will drive growth in the North American market over the next few years.

In the last section of the report, the companies responsible for increasing the sales in the AI in Oil and Gas Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

Report Highlights:

• Comprehensive overview of parent market& substitute market
• Changing market dynamics in the industry (COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

Strategic Points Covered in Table of Content of AI in Oil and Gas Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global AI in Oil and Gas market

Chapter 2: Exclusive Summary – the basic information of the Global AI in Oil and Gas Market.

Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global AI in Oil and Gas; Post COVID Analysis

Chapter 4: Presenting the Global AI in Oil and Gas Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2014-2019

Chapter 6: Evaluating the leading manufacturers of the Global AI in Oil and Gas market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2020-2026)

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Key questions answered

• Who are the Leading key players and what are their Key Business plans in the AI in Oil and Gas market?
• What are the key concerns of the five forces analysis of the AI in Oil and Gas market?
• What are different prospects and threats faced by the dealers in the AI in Oil and Gas market?
• What possible measures players are taking to overcome and stabilize the situation?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

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