Artificial Intelligence in Oil and Gas Market
Posted by Aarti ghodke on December 16th, 2020
Artificial Intelligence in Oil and Gas Market valued USD 1.63 Billion in 2018 and expected to reach USD XX Billion by 2026, at a CAGR of XX%.
Artificial intelligence has expanded its application in the oil & gas sector during the last few years. Exploration and availability of oil remain areas of concern and continuous development which has led to the application of artificial intelligence in the oil & gas sector. Use of virtual assistants or intelligent for excavation, drilling and analyzing purpose are a few examples of how artificial intelligence is applied in oil & gas sector. Artificial Intelligence in Oil and Gas Market Software segment is expected to hold the largest market share for artificial intelligence in the oil & gas market globally. High demand in North America for upstream oil & gas excavations have been a major factor contributing to the overall growth of the market. Preventive maintenance is massive and one of the fastest growing segments in Artificial Intelligence in the Oil & Gas market. Predictive maintenance is a costly downturn so by predicting maintenance schedules for equipment helps in the prevention of equipment failures thereby saving millions of dollars.
North America, Europe and Asia Pacific (APAC) formed some of the largest markets for artificial intelligence in oil and gas market globally. Recent natural gas explorations in Mexico along with the large application of artificial systems using specific software has further helped the growth of this market in the North America region.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Bloomberg, Factiva and Hoovers are some of the sites that are being referred to gain insights about Artificial Intelligence in Oil and Gas Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Artificial Intelligence in Oil and Gas Market globally.
Some of the crucial players operating in the Artificial Intelligence in Oil and Gas market are following:
Scope of the Report:
This research report segments the Artificial Intelligence in Oil and Gas Market based on type, function, application and geography.
Artificial Intelligence in Oil and Gas, by Type:
Artificial Intelligence in Oil and Gas, by Function:
Artificial Intelligence in Oil and Gas, by Application:
Artificial Intelligence in Oil and Gas, by Geography:
For More Information:
https://www.maximizemarketresearch.com/market-report/artificial-intelligence-in-oil-gas-market/368//Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.
Contact: +919607195908 8989132284
Like it? Share it!
About the AuthorAarti ghodke
Joined: August 26th, 2019
Articles Posted: 103
More by this author