Global AI in oil and gas market expected to reach around USD 4.01 billion by 2025, at a CAGR of 12.5% between 2019 and 2025. The global oil and gas sector is using AI to significantly digitize its operations; AI has optimized the process of operations by simplifying the optimization process in the sector.
The report covers a forecast and an analysis of the AI in oil and gas market on a global and regional level. The study provides historical information from 2016 and 2018 with a forecast from 2019 to 2025 based on revenue (USD Billion). The study covers the key drivers and restraints of the AI in oil and gas market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the AI in oil and gas market on a global level.
In order to offer the users of this report, a comprehensive read of the AI in oil and gas market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the AI in oil and gas market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.
The study also includes the market share of the key participant’s operating in the AI in oil and gas market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations and joint ventures, and regional growth of key players within the market on a regional basis.
The study provides a crucial view of the AI in oil and gas market by segmenting it based on product type, function, application, and region. All the segments have been analyzed based on present and the future trends and the market is estimated from 2019 to 2025. The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Some key players in the global AI in oil and gas market are General Vision, Inbenta, FuGenX Technologies, Hortonworks, IBM, Google, Intel, Microsoft, Accenture, Sentient Technologies, Oracle, Numenta, Cisco, and Infosys.
This report segments the global AI in oil and gas market into:
Global AI in Oil and Gas Market: By Type Analysis
Global AI in Oil and Gas Market: By Function Analysis
Global AI in Oil and Gas Market: By Application Analysis
Global AI in Oil and Gas Market: Regional Analysis
List of Figures
1. Global AI in Oil and Gas Market Segmentation by Type, Function, Application, and Region
2. Global AI in Oil and Gas Market, 2016–2025 (USD Billion)
3. Value Chain Analysis
4. Market Attractiveness Analysis by Type
5. Market Attractiveness Analysis by Function
6. Market Attractiveness Analysis by Application
7. Market Attractiveness Analysis by Region
8. Global AI in Oil and Gas Market: Company Market Share, 2018
9. Global AI in Oil and Gas Market Share, by Type, 2018 and 2025
10. Global AI in Oil and Gas Market Share, by Hardware, 2016–2025 (USD Billion)
11. Global AI in Oil and Gas Market Share, by Software, 2016–2025 (USD Billion)
12. Global AI in Oil and Gas Market Share, by Hybrid, 2016–2025 (USD Billion)
13. Global AI in Oil and Gas Market Share, by Function, 2018 and 2025
14. Global AI in Oil and Gas Market, by Predictive Maintenance And Machinery Inspection, 2016–2025 (USD Billion)
15. Global AI in Oil and Gas Market, by Material Movement, 2016–2025 (USD Billion)
16. Global AI in Oil and Gas Market, by Production Planning, 2016–2025 (USD Billion)
17. Global AI in Oil and Gas Market, by Field Services, 2016–2025 (USD Billion)
18. Global AI in Oil and Gas Market, by Quality Control, 2016–2025 (USD Billion)
19. Global AI in Oil and Gas Market for Reclamation, 2016–2025 (USD Billion)
20. Global AI in Oil and Gas Market Share, by Application, 2018 and 2025
21. Global AI in Oil and Gas Market, by Upstream, 2016–2025 (USD Billion)
22. Global AI in Oil and Gas Market, by Midstream, 2016–2025 (USD Billion)
23. Global AI in Oil and Gas Market, by Downstream, 2016–2025 (USD Billion)
24. Global AI in Oil and Gas Market Share, by Region, 2018 and 2025
25. North America AI in Oil and Gas Market, 2016–2025 (USD Billion)
26. Europe AI in Oil and Gas Market, 2016–2025 (USD Billion)
27. Asia Pacific AI in Oil and Gas Market, 2016–2025 (USD Billion)
28. Latin America AI in Oil and Gas Market, 2016–2025 (USD Billion)
29. The Middle East and Africa AI in Oil and Gas Market, 2016–2025 (USD Billion)
List of Tables
1. Global AI in Oil and Gas Market Snapshot
2. Drivers of the AI in Oil and Gas Market: Impact Analysis
3. Restraints of the AI in Oil and Gas Market: Impact Analysis
4. North America AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
5. North America AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
6. North America AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
7. The U.S. AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
8. The U.S. AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
9. The U.S. AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
10. Rest of North America AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
11. Rest of North America AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
12. Rest of North America AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
13. Europe AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
14. Europe AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
15. Europe AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
16. UK AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
17. UK AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
18. UK AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
19. France AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
20. France AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
21. France AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
22. Germany AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
23. Germany AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
24. Germany AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
25. Rest of Europe AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
26. Rest of Europe AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
27. Rest of Europe AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
28. Asia Pacific AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
29. Asia Pacific AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
30. Asia Pacific AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
31. China AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
32. China AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
33. China AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
34. Japan AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
35. Japan AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
36. Japan AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
37. India AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
38. India AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
39. India AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
40. Rest of Asia Pacific AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
41. Rest of Asia Pacific AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
42. Rest of Asia Pacific AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
43. Latin America AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
44. Latin America AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
45. Latin America AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
46. Brazil AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
47. Brazil AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
48. Brazil AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
49. Rest of Latin America AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
50. Rest of Latin America AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
51. Rest of Latin America AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
52. The Middle East and Africa AI in Oil and Gas Market Revenue, by Type, 2016–2025 (USD Billion)
53. The Middle East and Africa AI in Oil and Gas Market Revenue, by Function, 2016–2025 (USD Billion)
54. The Middle East and Africa AI in Oil and Gas Market Revenue, by Application, 2016–2025 (USD Billion)
Operations in the oil and gas industry are performed at high risk. The oil and gas industry is dependent on laborers, owing to create a safe environment for a highly labor-sensitive industry. This is an important requirement for the oil and gas industry, which has increased the demand for AI-integrated robots in the industry. Robots integrated with AI can perform tasks that are dangerous for humans. AI has been used in industries to perform production, maintenance, and inspection operations digitally. AI can anticipate system failures even before the actual failures occur.
The global AI in oil and gas market is projected to witness notable growth in the upcoming few years, owing to the rising demand for automated systems to perform operations like underground excavation and drilling in the oil and gas industry. Moreover, to detect upcoming mishaps and perform dangerous operations by AI systems will create a safer environment for the laborers, which will further drive the AI in oil and gas market. As oil and gas prices have been increasing in over the last few years, the oil and gas companies need to optimize their operations to curb this problem. AI systems implemented in the oil and gas industry will reduce the operating time and lead to various developments in the oil and gas industry. However, the lack of quick ability to learn and understand may restrict the applications integrated with AI in the oil and gas industry. Additionally, equipment failures and maintenance of AI-integrated systems will restrict numerous opportunities in the global AI in oil and gas market.
The global AI in oil and gas market is classified on the basis of type, function, and application. By type segment of AI in oil and gas market is classified into hybrid, hardware, and software. By function, the AI in oil and gas market is classified into predictive maintenance and machinery inspection, field services, material movement, quality control, reclamation, and production planning. By application, the market is classified into upstream, midstream, and downstream.
The North American AI in oil and gas market is the largest globally, as the oil and gas industry officials are looking for other options to reduce the industry’s dependency on aging and depleting workforce. The Asia Pacific region is the fastest growing market globally, due to the increasing investments in the region’s AI in oil and gas market. The decreasing demand for oil and gas in Europe will result in the slow growth of the AI in oil and gas market in the region.
Some key players in the global AI in oil and gas market are General Vision, Inbenta, FuGenX Technologies, Hortonworks, IBM, Google, Intel, Microsoft, Accenture, Sentient Technologies, Oracle, Numenta, Cisco, and Infosys.
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