DUBLIN--(BUSINESS WIRE)--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 estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 9.4% over the analysis period 2020-2027.

Software, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 10.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $647.7 Million, While China is Forecast to Grow at 8.8% CAGR

The Artificial Intelligence (AI) in Oil & Gas market in the U.S. is estimated at US$647.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$711.8 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.

Hybrid Segment to Record 9.3% CAGR

In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$368 Million in the year 2020 will reach a projected size of US$689 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 201 Featured) -

• Accenture
• Cisco
• FuGenX Technologies
• General Vision
• Google
• Hortonworks
• IBM
• Inbenta
• Infosys
• Intel
• Microsoft
• Numenta
• Oracle
• Royal Dutch Shell
• Sentient technologies

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Artificial Intelligence (AI) in Oil & Gas - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/p3ekml

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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