Global Market Size of AI in Oil & Gas Market- 10 year market forecast

Energy & Power

AI in Oil & Gas Market Size Forecast 2022-2029

The market value of the global AI in oil and gas market is estimated to be USD 4.13 billion in 2022 and USD 7.94 billion by 2029, growing with a CAGR of 10%. The cumulative market size value of the AI in oil and gas market is USD 48 billion during the forecast period of 2022 to 2029. The North American region is expected to gain significant market shares and revenues over the study period. By protection type, the market is segmented based on hardware, software and hybrid. By function, the predictive maintenance and machinery inspection segment is expected to account for a large percentage of the market share.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global Market Database makes use of Dynamic Market Data to study the change in market trends across various industry verticals including AI in oil and gas market.
• What are the key market trends for AI in oil and gas market?

• The key market trends are that the upstream operations are expected to witness a significant growth.
• By operation, which segment accounts for the largest market shares?

• By operation, the hardware segment accounts for the largest shares.
• Which regions accounts for significant amount of market shares?

• North America accounts for significant amount of market shares.
• Which is the largest segment function wise?

• The predictive maintenance and machinery inspection is the largest segment.

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