This market research report on Artificial Intelligence (AI) in Oil & Gas Market studied by Type (Hardware, Software, Services), Application (Upstream, Midstream, Downstream), Function (Predictive Maintenance, Production Planning, Field Service, Material Movement, Quality Control), Companies (IBM, Intel, Microsoft, Accenture, Google, Microsoft, Oracle, Numenta, Sentient technologies (US), Inbenta, General Vision, Cisco, FuGenX Technologies, Infosys, Hortonworks, Royal Dutch Shell), Organization Size and Regions.
Houston, TX -- (SBWIRE) -- 07/30/2018 -- Artificial Intelligence (AI) in Oil & Gas market, by function, is segmented into predictive maintenance and machinery inspection, material movement, production planning, field services, quality control, and reclamation. Preventive maintenance is the largest and one of the fastest growing segment in AI in the Oil & Gas market. Predictive maintenance aids in addressing costly downturn, by predicting maintenance schedules for equipment to prevent the possibility of equipment failures and, thus, save millions of dollars. The growth will be mainly driven by the rise in 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 and increase efficiency.
The Global Artificial Intelligence (AI) in Oil & Gas Market is Estimated to grow at a CAGR of +12% during forecast period.
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New research report takes a close and analytical look at the various companies that strive for a higher share of the global Artificial Intelligence (AI) in Oil & Gas market. Data on the leading and fastest-growing segments along with what drives them has been given. This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria. For this purpose, a section dedicated to company profiles has been included in the report.
Top Companies Profiled in this Report includes, IBM (US), Intel (US), Microsoft (US), Accenture (Republic of Ireland), Google (US), Microsoft (US), Oracle (US), Numenta (US), Sentient technologies (US), Inbenta (US), General Vision (US), Cisco (US), FuGenX Technologies (US), Infosys (India), Hortonworks (US), Royal Dutch Shell (Netherlands)
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report's authors in the study. As leading companies take efforts to maintain their dominance in the global Artificial Intelligence (AI) in Oil & Gas market, the right way to do so is by adopting new technologies and strategies. The report highlights major technological developments and changing trends adopted by key companies over a period of time. For a stronger and more stable business outlook, the report on the global market carries key projections that can be practically studied.
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Artificial Intelligence (AI) in Oil & Gas market is segmented on the basis of various parameters. The factors which are impacting the market's growth are studied in detail. The report also presents a overall weaknesses which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the global market are included in the study. Additionally, using SWOT analysis, markets weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Artificial Intelligence (AI) in Oil & Gas market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Artificial Intelligence (AI) in Oil & Gas market
Table of Contents
Global Artificial Intelligence (AI) in Oil & Gas Market Research Report
Chapter 1 Artificial Intelligence (AI) in Oil & Gas Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Artificial Intelligence (AI) in Oil & Gas Market Forecast
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