AI in Oil & Gas Market Major Leading Players In-depth Insights by Business Scope, Growth Analysis, Demand by Regions 2022

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AI in Oil Gas Market research report
categorizes Type, Application, Function
Geography
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"AI in Oil Gas Market by Type (Hardware,
Software, Services), Application (Upstream,
Midstream, Downstream), Function (Predictive
Maintenance, Production Planning, Field Service,
Material Movement, Quality Control), and Region -
Global Forecast to 2022 AI in Oil Gas market
is expected to grow from an estimated USD 1.57
Billion in 2017 to USD 2.85 Billion by 2022, at a
CAGR of 12.66, during the forecast period. This
growth can be attributed to the factors such as
rising adoption of the big data technology,
digitalization of the Oil Gas industry,
investments in AI-related start-ups, and rising
pressure to reduce production costs. PDF
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The software segment is expected to hold the
largest share of AI in Oil Gas market, by type,
during the forecast period The software segment
led AI in Oil Gas market in 2016 and is
expected to grow at a decent pace during the
forecast period. A rapid growth in North America
is driven by high demand from the upstream Oil
Gas applications for AI in the region, which is
the main reason for a large market share held by
the segment. Request for Customization
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The predictive maintenance and machinery
inspection segment is expected to be the largest
segment in AI in Oil Gas market, by
function. The predictive maintenance and
machinery inspection segment is expected to be
the largest in AI in Oil Gas market, by
function, in 2017. Predictive maintenance
solutions are used in analyzing operational data
such as drill maintenance or downtime and
real-time decision making and then develop models
that can predict equipment failure modes.
Predictive maintenance is applicable across all
the streams of the Oil Gas sector and is
extremely crucial in running uninterrupted
operations by predicting accurate equipment
status to avoid costly downturn. Request for
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North America The leading regional market in
artificial intelligence in Oil Gas In this
report, AI in Oil Gas market has been analyzed
with respect to five regions, namely, North
America, Europe, Asia Pacific, South America, and
the Middle East and Africa. North America is the
largest and one of the most advanced markets for
AI in the Oil Gas market. Increasing adoption
of AI technologies by oilfield operators and
service providers and a strong presence of
prominent AI software and system suppliers,
especially in the US and Canada, drive the market
growth in the region. To enable an in-depth
understanding of the competitive landscape, the
report includes the profiles of some of the top
players in AI in the Oil Gas market. They are
IBM (US), Accenture (Republic of Ireland), Google
(US), Microsoft Corporation (US), and Oracle
(US). Request Sample _at_ https//www.marketsandmar
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