NJ New Jersey, USA -- (SBWIRE) -- 01/18/2024 -- Advance Market Analytics published a new research publication on "AI in Oil and Gas Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the AI in Oil and Gas market was mainly driven by the increasing R&D spending across the world.
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Some of the key players profiled in the study are:
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).
Scope of the Report of AI in Oil and Gas
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.
The titled segments and sub-section of the market 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)
Market Trends:
Increasing Investment in Start-Ups for AI Implementation in Oil & Gas Industry in Various Regions Including Middle East, Africa and Others
Opportunities:
The Rising Adoption of Smart Sensing Technology as a Part of Industrial IoT
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
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global AI in Oil and Gas Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the AI in Oil and Gas market
Chapter 2: Exclusive Summary – the basic information of the AI in Oil and Gas Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the AI in Oil and Gas
Chapter 4: Presenting the AI in Oil and Gas Market Factor 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 2015-2020
Chapter 6: Evaluating the leading manufacturers of the 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 (2024-2030)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, AI in Oil and Gas Market is a valuable source of guidance for individuals and companies.
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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, Southeast Asia.