The global AI in Oil & Gas market size was valued at US$ 2506.4 million in 2023. With growing demand in downstream market, the AI in Oil & Gas is forecast to a readjusted size of US$ 5368 million by 2030 with a CAGR of 11.5% during review period.
The research report highlights the growth potential of the global AI in Oil & Gas market. AI in Oil & Gas are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of AI in Oil & Gas. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the AI in Oil & Gas market.
Artificial intelligence (AI) is proving to be a cost-saving investment for the oil and gas industry. It is increasingly being used to improve various upstream, midstream, and downstream processes in the industry, from boiler diagnostics to actual drilling. Applications such as quality control, prediction planning, and predictive maintenance for upstream, midstream, and downstream are majorly using AI.
As an important force driving a new round of scientific and technological revolution, artificial intelligence has been of national strategic importance. Many governments introduces polices and increase capital investment to support AI companies. The Digital Europe plan adopted by the European Union will allocate 鈧�9.2 billion on high-tech investments, such as supercomputing, artificial intelligence, and network security. In order to maintain its leading position, the United States will increase its investment in artificial intelligence research and development in non-defense fields, from US$1.6 billion to US$1.7 billion in 2022. According to the latest data released by IDC, global artificial intelligence revenue was US$432.8 billion in 2022, a year-on-year increase of 19.23%, including software, hardware and services.
Key Features:
The report on AI in Oil & Gas market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the AI in Oil & Gas market. It may include historical data, market segmentation by Type (e.g., Hardware, Software), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the AI in Oil & Gas market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the AI in Oil & Gas market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the AI in Oil & Gas industry. This include advancements in AI in Oil & Gas technology, AI in Oil & Gas new entrants, AI in Oil & Gas new investment, and other innovations that are shaping the future of AI in Oil & Gas.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the AI in Oil & Gas market. It includes factors influencing customer ' purchasing decisions, preferences for AI in Oil & Gas product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the AI in Oil & Gas market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting AI in Oil & Gas market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the AI in Oil & Gas market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the AI in Oil & Gas industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the AI in Oil & Gas market.
Market Segmentation:
AI in Oil & Gas market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Hardware
Software
Services
Segmentation by application
Upstream
Midstream
Downstream
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Accenture
Google
Microsoft Corporation
Oracle
Microsoft Corporation
Oracle
EY
Intel
FuGenX Technologies
Baker Hughes
Halliburton
Schlumberger
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global AI in Oil & Gas Market Size 2019-2030
2.1.2 AI in Oil & Gas Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 AI in Oil & Gas Segment by Type
2.2.1 Hardware
2.2.2 Software
2.2.3 Services
2.3 AI in Oil & Gas Market Size by Type
2.3.1 AI in Oil & Gas Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global AI in Oil & Gas Market Size Market Share by Type (2019-2024)
2.4 AI in Oil & Gas Segment by Application
2.4.1 Upstream
2.4.2 Midstream
2.4.3 Downstream
2.5 AI in Oil & Gas Market Size by Application
2.5.1 AI in Oil & Gas Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global AI in Oil & Gas Market Size Market Share by Application (2019-2024)
3 AI in Oil & Gas Market Size by Player
3.1 AI in Oil & Gas Market Size Market Share by Players
3.1.1 Global AI in Oil & Gas Revenue by Players (2019-2024)
3.1.2 Global AI in Oil & Gas Revenue Market Share by Players (2019-2024)
3.2 Global AI in Oil & Gas Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 AI in Oil & Gas by Regions
4.1 AI in Oil & Gas Market Size by Regions (2019-2024)
4.2 Americas AI in Oil & Gas Market Size Growth (2019-2024)
4.3 APAC AI in Oil & Gas Market Size Growth (2019-2024)
4.4 Europe AI in Oil & Gas Market Size Growth (2019-2024)
4.5 Middle East & Africa AI in Oil & Gas Market Size Growth (2019-2024)
5 Americas
5.1 Americas AI in Oil & Gas Market Size by Country (2019-2024)
5.2 Americas AI in Oil & Gas Market Size by Type (2019-2024)
5.3 Americas AI in Oil & Gas Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC AI in Oil & Gas Market Size by Region (2019-2024)
6.2 APAC AI in Oil & Gas Market Size by Type (2019-2024)
6.3 APAC AI in Oil & Gas Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe AI in Oil & Gas by Country (2019-2024)
7.2 Europe AI in Oil & Gas Market Size by Type (2019-2024)
7.3 Europe AI in Oil & Gas Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa AI in Oil & Gas by Region (2019-2024)
8.2 Middle East & Africa AI in Oil & Gas Market Size by Type (2019-2024)
8.3 Middle East & Africa AI in Oil & Gas Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global AI in Oil & Gas Market Forecast
10.1 Global AI in Oil & Gas Forecast by Regions (2025-2030)
10.1.1 Global AI in Oil & Gas Forecast by Regions (2025-2030)
10.1.2 Americas AI in Oil & Gas Forecast
10.1.3 APAC AI in Oil & Gas Forecast
10.1.4 Europe AI in Oil & Gas Forecast
10.1.5 Middle East & Africa AI in Oil & Gas Forecast
10.2 Americas AI in Oil & Gas Forecast by Country (2025-2030)
10.2.1 United States AI in Oil & Gas Market Forecast
10.2.2 Canada AI in Oil & Gas Market Forecast
10.2.3 Mexico AI in Oil & Gas Market Forecast
10.2.4 Brazil AI in Oil & Gas Market Forecast
10.3 APAC AI in Oil & Gas Forecast by Region (2025-2030)
10.3.1 China AI in Oil & Gas Market Forecast
10.3.2 Japan AI in Oil & Gas Market Forecast
10.3.3 Korea AI in Oil & Gas Market Forecast
10.3.4 Southeast Asia AI in Oil & Gas Market Forecast
10.3.5 India AI in Oil & Gas Market Forecast
10.3.6 Australia AI in Oil & Gas Market Forecast
10.4 Europe AI in Oil & Gas Forecast by Country (2025-2030)
10.4.1 Germany AI in Oil & Gas Market Forecast
10.4.2 France AI in Oil & Gas Market Forecast
10.4.3 UK AI in Oil & Gas Market Forecast
10.4.4 Italy AI in Oil & Gas Market Forecast
10.4.5 Russia AI in Oil & Gas Market Forecast
10.5 Middle East & Africa AI in Oil & Gas Forecast by Region (2025-2030)
10.5.1 Egypt AI in Oil & Gas Market Forecast
10.5.2 South Africa AI in Oil & Gas Market Forecast
10.5.3 Israel AI in Oil & Gas Market Forecast
10.5.4 Turkey AI in Oil & Gas Market Forecast
10.5.5 GCC Countries AI in Oil & Gas Market Forecast
10.6 Global AI in Oil & Gas Forecast by Type (2025-2030)
10.7 Global AI in Oil & Gas Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 IBM
11.1.1 IBM Company Information
11.1.2 IBM AI in Oil & Gas Product Offered
11.1.3 IBM AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 IBM Main Business Overview
11.1.5 IBM Latest Developments
11.2 Accenture
11.2.1 Accenture Company Information
11.2.2 Accenture AI in Oil & Gas Product Offered
11.2.3 Accenture AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Accenture Main Business Overview
11.2.5 Accenture Latest Developments
11.3 Google
11.3.1 Google Company Information
11.3.2 Google AI in Oil & Gas Product Offered
11.3.3 Google AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Google Main Business Overview
11.3.5 Google Latest Developments
11.4 Microsoft Corporation
11.4.1 Microsoft Corporation Company Information
11.4.2 Microsoft Corporation AI in Oil & Gas Product Offered
11.4.3 Microsoft Corporation AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Microsoft Corporation Main Business Overview
11.4.5 Microsoft Corporation Latest Developments
11.5 Oracle
11.5.1 Oracle Company Information
11.5.2 Oracle AI in Oil & Gas Product Offered
11.5.3 Oracle AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Oracle Main Business Overview
11.5.5 Oracle Latest Developments
11.6 Microsoft Corporation
11.6.1 Microsoft Corporation Company Information
11.6.2 Microsoft Corporation AI in Oil & Gas Product Offered
11.6.3 Microsoft Corporation AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Microsoft Corporation Main Business Overview
11.6.5 Microsoft Corporation Latest Developments
11.7 Oracle
11.7.1 Oracle Company Information
11.7.2 Oracle AI in Oil & Gas Product Offered
11.7.3 Oracle AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Oracle Main Business Overview
11.7.5 Oracle Latest Developments
11.8 EY
11.8.1 EY Company Information
11.8.2 EY AI in Oil & Gas Product Offered
11.8.3 EY AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 EY Main Business Overview
11.8.5 EY Latest Developments
11.9 Intel
11.9.1 Intel Company Information
11.9.2 Intel AI in Oil & Gas Product Offered
11.9.3 Intel AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Intel Main Business Overview
11.9.5 Intel Latest Developments
11.10 FuGenX Technologies
11.10.1 FuGenX Technologies Company Information
11.10.2 FuGenX Technologies AI in Oil & Gas Product Offered
11.10.3 FuGenX Technologies AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 FuGenX Technologies Main Business Overview
11.10.5 FuGenX Technologies Latest Developments
11.11 Baker Hughes
11.11.1 Baker Hughes Company Information
11.11.2 Baker Hughes AI in Oil & Gas Product Offered
11.11.3 Baker Hughes AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Baker Hughes Main Business Overview
11.11.5 Baker Hughes Latest Developments
11.12 Halliburton
11.12.1 Halliburton Company Information
11.12.2 Halliburton AI in Oil & Gas Product Offered
11.12.3 Halliburton AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Halliburton Main Business Overview
11.12.5 Halliburton Latest Developments
11.13 Schlumberger
11.13.1 Schlumberger Company Information
11.13.2 Schlumberger AI in Oil & Gas Product Offered
11.13.3 Schlumberger AI in Oil & Gas Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Schlumberger Main Business Overview
11.13.5 Schlumberger Latest Developments
12 Research Findings and Conclusion
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*If Applicable.