AI in Oil & Gas Market - New Report by MarketsandMarket

Dec 7, 2017 · DOWNLOAD PDF. AI in Oil and Gas Market is expected to grow at a CAGR of 12.66%, from 2017 to 2022, to reach a projected market size of USD 2.58 Billion by 2022. This …

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AI In Oil & Gas Market - New Report By MarketsandMarket

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Dec 7, 2017 · DOWNLOAD PDF. AI in Oil and Gas Market is expected to grow at a CAGR of 12.66%, from 2017 to 2022, to reach a projected market size of USD 2.58 Billion by 2022. This …

marketsandmarkets.com

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Artificial Intelligence (AI) In Oil And Gas Market Research

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1 day ago · The AI in the oil and gas market is projected to witness a CAGR of 23.12% during the forecast period to reach a total market size of US$15.010 billion by 2029, up from US$5.305 …

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AI In Oil & Gas Market - MarketsandMarkets Blog

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The global 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%, from 2017 to 2022. This growth can be …

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AI In Oil And Gas Market Size & Trends - Grand View Research

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The global AI in oil and gas market size was valued at USD 2.16 billion in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.2% from 2023 to 2030. AI is …

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AI In Oil And Gas Market - Future Market Insights

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The global AI in the oil and gas market is expected to register a CAGR of 14.1% during the forecast period. The market value is projected to increase from US$ 3.5 billion in 2024 to US$ …

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AI In Oil And Gas Market Analysis | Industry Report, Size & Forecast

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The AI In Oil And Gas Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.70 billion by 2029, growing at a CAGR of 12.61% during the forecast period …

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AI Spells Opportunity And Manageable Risk For The Oil And Gas …

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The global market for AI applications in oil and gas value chains will be nearly USD 3 billion in 2024 and USD 5.2 billion in 2029, according to Mordor Intelligence. 1 Nearly half (47%) the oil …

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AI In Oil And Gas Market - Forecasts From 2023 To 2028

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The AI in oil and gas market size was valued at US$2.918 billion in 2021 and is expected to grow at a CAGR of 23.97% to reach US$13.135 billion by 2028. ... Adopting AI in the oil and gas …

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AI In Oil And Gas Market Size, Share & Forecast To 2028

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The global market for AI Technology in the Oil and Gas Sector is estimated to increase from $2.8 billion in 2023 to reach $5.1 billion by 2028, at a compound annual growth rate (CAGR) of …

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AI In Oil And Gas - Market Share Analysis, Industry Trends

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The AI In Oil And Gas Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.70 billion by 2029, growing at a CAGR of 12.61% during the forecast period …

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Artificial-intelligence-oil-gas-market - MarketsandMarkets

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The global Oil & Gas Pipeline Market size is estimated at more than $50 billion in 2014 and is expected to grow at an impressive CAGR of over 10% till 2019. the major factors responsible …

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AI In Oil And Gas Market Size (2024 - 2029) - Mordor Intelligence

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The AI In Oil And Gas Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.70 billion by 2029, growing at a CAGR of 12.61% during the forecast period …

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AI In Oil And Gas Market Size, Share, Industry Report – 2031

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The global ai in oil and gas market was valued at $2.32 billion in 2021, and is projected to reach $7.99 billion by 2031, growing at a CAGR of 13.5% from 2022 to 2031. AI in Oil and Gas …

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Oil & Gas Embraces AI: Market To Soar 14.1%, Reaching $13Billion …

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Feb 1, 2024 · The AI in oil and gas market is estimated to register a CAGR of 14.1% with a valuation of US$ 13 billion by 2034. The solution segment is anticipated to dominate the global …

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Ai In Oil And Gas Market - Adroit Market Research

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The global AI in Oil and Gas market is projected to reach $7.99 billion by 2031, growing at a CAGR of 13.5%. global AI in oil and gas market trends is gaining traction due to increasing …

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Why Oil And Gas Majors Are Spending Billions Of Dollars On AI?

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Aug 14, 2023 · But more specifically on AI in oil and gas, Mordor Intelligence projects it to hit $2.38 billion by end-2023, rising to $4.21 billion by end-2028; a CAGR of 12.09% during the …

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MarketsandMarkets

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The North America Well Intervention Market is expected to grow from USD 3.0 billion in 2019 to USD 4.2 billion by 2024, at a CAGR of 6.5% during the forecast period. Some of the key …

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FAQs about AI in Oil & Gas Market - New Report by MarketsandMarket Coupon?

What is the AI in oil and gas market size?

The Market Sizes and Forecasts are Provided for A Value of (USD) for all the Above Segments. The AI In Oil And Gas Market size is estimated at USD 3.14 billion in 2024, and is expected to reach USD 5.70 billion by 2029, growing at a CAGR of 12.61% during the forecast period (2024-2029). ...

How AI is driving the growth of oil and gas market?

Ability to Optimize Operations, Mitigating Downside Risk, and Making Smart Decisions are Driving the Growth of AI in Oil and Gas Market The global AI in the oil and gas market is expected to register a CAGR of 14.1% during the forecast period. The market value is projected to increase from US$ 3.5 billion in 2024 to US$ 13 billion by 2034. ...

How is Ai affecting the oil and gas market?

The global AI in the oil and gas market is driven largely by the growing trend of lower production costs. In the face of fluctuating oil prices and shifting market dynamics, oil and gas businesses increasingly seek artificial intelligence (AI) technologies to optimize operations, streamline procedures, and alleviate costs. ...

Which industry will witness the highest growth rate during AI in oil & gas market?

However, the midstream is expected to witness the highest growth rate during the AI in Oil and Gas Market Forecast period, midstream activities include the storage, processing, and transportation of petroleum products. These may include companies that specialize in operating tanker ships, pipelines, or storage facilities. ...

What is artificial intelligence in oil & gas market?

Artificial Intelligence in Oil and 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 market. ...

How AI is transforming the oil and gas industry?

AI is being used in the oil and gas industry in exploration, and production is expected to create significant opportunities in the market. For example, it can analyze seismic data to identify potential oil and gas reserves with greater accuracy and speed than traditional methods. ...