AI in Oil and Gas Market Growth, Demand and Challenges of the Key Industry Players 2023-28

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Global AI in Oil and Gas Market Research and
Forecast Report 2023-2028

• Format PDFEXCEL

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About IMARC Group

• International Market Analysis Research and
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Report Highlight and Description

• According to the latest report by IMARC Group,
  titled " AI in Oil and Gas Market Global
  Industry Trends, Share, Size, Growth, Opportunity
  and Forecast 2023-2028," the global AI in oil and
  gas market size reached US 2.4 Billion in 2022.
• Artificial intelligence (AI) in oil and gas
  refers to the integration of advanced
  computational techniques that mimic human
  intelligence to streamline and enhance various
  processes within the sector. It allows
  organizations to analyze vast amounts of data
  from exploration, production, refining, and
  distribution, which enables more informed
  decision-making and increased operational
  efficiency.
• It can predict reservoir behavior, optimize
  drilling locations, and estimate resource
  potential with greater accuracy in exploration
  and reservoir management that minimizes risks and
  maximizes the success rate of drilling
  operations. It also aids in predictive
  maintenance by monitoring equipment conditions,
  suggesting maintenance schedules, and reducing
  downtime and operational costs.
• Request for a PDF sample of this report
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  questsample

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Report Description

• Global AI in Oil and Gas Market Trends
• The increasing adoption of AI in the oil and gas
  sector aids in optimizing operations by
  automating repetitive tasks and providing
  intelligent insights, represents one of the
  primary factors strengthening the market growth
  around the world. AI can analyze vast amounts of
  data to predict equipment failures, optimize
  drilling processes, and enhance overall
  efficiency. Moreover, the rising of AI for
  monitoring and analyzing various risk factors
  associated with the extraction and processing of
  oil and gas is favoring the growth of the market.
  It contributes to a safer working environment by
  predicting potential hazards and suggesting
  preventive measures. In addition, the growing
  emphasis on sustainability and environmental
  compliance is influencing the market positively.
  AI aids in reducing emissions, managing waste,
  and ensuring compliance with environmental
  regulations through predictive analysis and
  intelligent monitoring. Apart from this, the
  increasing use of AI to analyze data from
  equipment and machinery to predict potential
  failures or required maintenance, minimize
  downtime and extend the lifespan of assets is
  contributing to the market growth. Furthermore,
  the rising adoption of AI in oil and gas supply
  chain management for managing inventory and
  optimizing logistics to enable real-time
  decision-making that aligns production and
  distribution with market needs is propelling the
  growth of the market. Besides this, the growing
  usage of AI in oil and gas for understanding
  customer behavior, predicting market trends, and
  developing targeted marketing strategies that
  lead to more informed business decisions and
  enhances customer relations is creating a
  positive outlook for the market. Additionally, AI
  is employed in oil and gas to analyze reservoir
  data and optimize extraction methods and manage
  reservoir depletion, which ensures that resources
  are used efficiently and sustainably. Along with
  this, the rising training programs that can be
  developed to provide realistic and adaptive
  learning experiences for the workforce are
  supporting the growth of the market.
• View Report TOC, Figures and Tables
  https//www.imarcgroup.com/ai-in-oil-gas-market

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Report Segmentation

• Breakup by Type
• Hardware
• Software
• Services
•  
• Breakup by Function
• Predictive Maintenance and Machinery Inspection
• Material Movement
• Production Planning
• Field Services
• Quality Control
• Reclamation

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Report Segmentation

• Breakup by Application
• Upstream
• Downstream
• Midstream
• Breakup by Region
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Competitive Landscape with Key Players

• Accenture plc
• C3.AI Inc.
• Cisco Systems Inc.
• Cloudera Inc.
• Fugenx Technologies
• Huawei Technologies Co. Ltd
• Infosys Limited
• Intel Corporation
• International Business Machines Corporation
• Microsoft Corporation
• Neudax
• Nvidia Corporation
• Oracle Corporation
• Shell plc.

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Key Questions Answered in the Report
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Table of Contents

• 1    Preface2    Scope and Methodology    2.1  
   Objectives of the Study    2.2  
   Stakeholders    2.3    Data Sources       
  2.3.1    Primary Sources        2.3.2  
   Secondary Sources    2.4    Market Estimation 
        2.4.1    Bottom-Up Approach        2.4.2  
   Top-Down Approach    2.5    Forecasting
  Methodology3    Executive Summary4  
   Introduction    4.1    Overview    4.2    Key
  Industry Trends5    Global AI in Oil and Gas
  Market    5.1    Market Overview    5.2  
   Market Performance    5.3    Impact of
  COVID-19  5.4    Market Forecast
• 6     Market Breakup by Type
•   6.1    Hardware    6.1.1 Market Trends 
       6.1.2 Market Forecast    6.2 Software 
    6.2.1  Market Trends       6.2.2 Market
  Forecast
•     6.3 Services    6.3.1 Market Trends 
       6.3.2 Market Forecast
• 7     Market Breakup by Function    7.1
  Predictive Maintenance and Machinery Inspection 
    7.1.1 Market Trends       7.1.2 Market
  Forecast       

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Table of Contents

•     7.2 Material Movement    7.2.1
  Market Trends        7.2.2 Market Forecast
• 7.3 Production Planning
• 7.3.1 Market Trends
• 7.3.2 Market Forecast
• 7.4 Field Services
• 7.4.1 Market Trends
• 7.4.2 Market Forecast
• 7.5 Quality Control
• 7.5.1 Market Trends
• 7.5.2 Market Forecast
• 7.6 Reclamation
• 7.6.1 Market Trends
• 7.6.2 Market Forecast
• 8  Market Breakup by Application
• 8.1 Upstream
• 8.1.1 Market Trends
• 8.1.2 Market Forecast
• 8.2 Downstream
• 8.2.1 Market Trends

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  Market Analysis Research and Consulting (IMARC).
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  publication, including forecasts, data analysis
  and opinion have been based on information and
  sources believed to be accurate and reliable at
  the time of publishing. International Market
  Analysis Research and Consulting makes no
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