Dublin, July 18, 2024 (GLOBE NEWSWIRE) -- The "Artificial Intelligence (AI) in Oil & Gas - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Artificial Intelligence (AI) in Oil & Gas is estimated at US$2.9 Billion in 2023 and is projected to reach US$5.5 Billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Key Insights:
- Market Growth: Understand the significant growth trajectory of the AI Software segment, which is expected to reach US$2.3 Billion by 2030 with a CAGR of a 8.5%. The AI Hardware segment is also set to grow at 10.7% CAGR over the next 7 years.
- Regional Analysis: Gain insights into the U.S. market, estimated at $901.7 Million in 2023, and China, forecasted to grow at an impressive 8.9% CAGR to reach $944.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Artificial Intelligence (AI) in Oil & Gas Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Artificial Intelligence (AI) in Oil & Gas Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Artificial Intelligence (AI) in Oil & Gas Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Accenture, Cisco, FuGenX Technologies, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 201 Featured):
- Accenture
- Cisco
- FuGenX Technologies
- General Vision
- Hortonworks
- IBM
- Inbenta
- Infosys
- Intel
- Microsoft
- Numenta
- Oracle
- Royal Dutch Shell
- Sentient technologies
MarketGlass Platform
Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 173 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $2.9 Billion |
| Forecasted Market Value (USD) by 2030 | $5.5 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/o43s24
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