The global Artificial Intelligence in Oil & Gas market size has been estimated at USD 2,255. 70 million in 2021 and is expected to reach 2,571 USD. 67 million in 2022, and is expected to grow at a CAGR of 14.
New York, 30 Dec. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Research Report on Artificial Intelligence in Oil and Gas Market by Function, Component, Application, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p06336259/?utm_source=GNW
18% to reach USD 4,999.53 million by 2027.
The report provides market size analysis and forecasts for 7 major currencies – USD, EUR, JPY, GBP, AUD, CAD and CHF. It helps organizational leaders make better decisions when currency data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year and the years from 2023 to 2027 as the forecast period.
Segmentation and market coverage:
This research report categorizes Artificial Intelligence in Oil & Gas to forecast revenue and analyze trends in each of the following submarkets:
Based on function, the market has been studied through field services, material movement, predictive maintenance and machine inspection, production planning, quality control and recovery.
Based on components, the market has been studied across hardware, services, and software.
Based on the application, the market has been studied downstream, midstream, and upstream.
Based on region, the market has been studied in Americas, Asia-Pacific, Europe, Middle East & Africa. The Americas are studied in more detail through Argentina, Brazil, Canada, Mexico and the United States. The United States is studied in more detail through California, Florida, Illinois, New York, Ohio, Pennsylvania and Texas. Asia-Pacific is studied in more detail across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam . Europe, the Middle East and Africa are studied in more detail in Denmark, Egypt, Finland, France, Germany, Israel, Italy, the Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland and Turkey. , United Arab Emirates and United Kingdom.
Cumulative impact of COVID-19:
COVID-19 is an unparalleled global public health emergency that has affected almost every industry, and the long-term effects are expected to impact industry growth over the forecast period. Our ongoing research amplifies our research framework to ensure inclusion of the underlying issues of COVID-19 and potential pathways forward. The report provides insights into COVID-19 considering shifts in consumer behavior and demand, shopping habits, supply chain rerouting, current market force dynamics, and significant interventions governments. The updated study provides insights, analysis, estimates, and forecasts considering the impact of COVID-19 on the market.
Cumulative impact of the 2022 Russian-Ukrainian conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are widely predicted globally, particularly in Eastern Europe, the European Union, East and Central Asia, and the United States. This controversy has severely affected lives and livelihoods and represents profound disruptions to business dynamics. The potential effects of the ongoing war and uncertainty in Eastern Europe are expected to negatively impact the global economy, with particularly harsh long-term effects on Russia. This report reveals the demand and supply impact, pricing variants, strategic vendor adoption, and recommendations for Artificial Intelligence in the Oil & Gas Market considering the update on the conflict and its global response.
Competitive Strategy Window:
The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.
FPNV positioning matrix:
The FPNV Positioning Matrix assesses and categorizes the vendors in the Artificial Intelligence in Oil & Gas Market based on business strategy (business growth, industry coverage, financial viability, and channel support ) and product satisfaction (value for money, ease of use, product features, and customer support) that helps businesses make better decisions and better understand the competitive landscape.
Market share analysis:
The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.
The competitive scenario provides an analysis of the prospects of the various business growth strategies adopted by the vendors. The news covered in this section provides valuable insights at various stages while keeping abreast of activity and engaging stakeholders in the economic debate. Competitive Scenario represents press releases or company news categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, New Product Launch & Enhancement, Investment & Funding & Awards, Recognition & Expansion. All the news collected helps the vendor to understand the gaps in the market and the strength and weakness of the competitors, thus providing insights to improve the product and service.
Enterprise Usability Profiles:
The report thoroughly explores recent significant developments by leading vendors and innovation profiles in the global Artificial Intelligence in Oil & Gas Market including Accenture, Cisco System Inc., Fugenx Technologies, General Vision, Google LLC, Hortonworks, IBM Corporation, Inbenta, Intel Corporation, Microsoft Corporation, Numenta, Oracle Corporation, Royal Dutch Shell PLC and Sentient Technologies.
The report provides information about the following pointers:
1. Market Penetration: Provides comprehensive information about the market offered by major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments
3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments
4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players
5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the global Artificial Intelligence in Oil and Gas Market?
2. What are the inhibiting factors and impact of COVID-19 on the global Artificial Intelligence in Oil & Gas market during the forecast period?
3. What are the products/segments/applications/areas to invest in during the forecast period in the Global Artificial Intelligence in Oil & Gas Market?
4. What is the competitive strategic window for opportunities in the Global Artificial Intelligence in Oil & Gas Market?
5. What are the technology trends and regulatory frameworks in the global Artificial Intelligence in Oil and Gas market?
6. What is the market share of the major vendors in the global Artificial Intelligence in Oil & Gas market?
7. Which modes and strategic moves are considered suitable for entering the Global Artificial Intelligence in Oil & Gas Market?
Read the full report: https://www.reportlinker.com/p06336259/?utm_source=GNW
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