AI in Oil and Gas Market Impressive Gains including Key Players FuGenX Technologies, Infosys, Hortonworks

January 02 08:08 2019

AI in Oil and Gas Market
Stay up-to-date with AI in Oil and Gas Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth.

HTF MI recently introduced Global AI in Oil and Gas Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are IBM, Intel, Accenture, Google, Microsoft, Oracle, Oracle, Sentient technologies, Inbenta, General Vision, Cisco, FuGenX Technologies, Infosys, Hortonworks and Royal Dutch Shell etc. 

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With increasing challenges faced by the oil and gas industry in the past for exploration and exploitation of hydrocarbons, a cross disciplinary approach is being rendered which requires some critical processes to be semi-automated and some to be fully automated. Artificial intelligence in oil and gas industry is also gaining interest of consumers across the globe, since data interpretation through it highlights important geological features such as faults, unconformity, folds and boundaries. According to Motorola Solutions, the demand for the global oil sector is expected to increase by about 33%, by 2035.. The market study is being classified by Type (Hardware , Software and Hybrid), by Application (Upstream , Downstream and Midstream) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) .

 

Competitive Landscape

IBM (United States) , Intel (United States) , Accenture (Republic of Ireland) , Google (United States) , Microsoft (United States) , Oracle (United States) , Oracle (United States) , Sentient technologies (United States) , Inbenta (United States) , General Vision (United States) , Cisco (United States) , FuGenX Technologies (United States) , Infosys (India) , Hortonworks (United States) and Royal Dutch Shell (Netherlands) are some of the key players profiled in the study.

“The next generation of competitive advantage in the energy marketplace will go to forward-thinking players who invest a lot on digital IoT and artificial intelligence capabilities like Cerebra from Flutura”

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Market Drivers

The surging incidents of oil & gas leakage from storage tanks and pipelines at production facilities

Increasing safety concerns among the workforce, especially the maintenance of aging pipeline infrastructure

 

Market Trend

Increasing investment in start-ups for AI implementation in Oil & Gas industry in various regions including Middle East, Africa and Others

 

Restraints

Ambiguous regulatory guidelines for AI in the Oil & Gas market

 

Opportunities

The rising adoption of smart sensing technology as a part of industrial IoT

The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has implemented Liquids Mega Rule in which it is important to install leak detection systems in all dangerous liquid pipelines.

 

In June 2018, Hortonworks Inc. launched Hortonworks Data Platform (HDP) 3.0, which delivers significant new enterprise features, including containerization for faster and easier deployment of applications and increased developer productivity. The new version of HDP enables customers to quickly, reliably, and securely obtain value from their data at scale, to drive business transformation

 

Key Target Audience

AI system providers

Environmental research institutes

AI manufacturers and suppliers

National and local government organizations

Government and research organizations

Others

Buy Single User License of Global AI in Oil and Gas Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 @ https://www.htfmarketreport.com/buy-now?format=1&report=1500293

Have a look at some extracts from Table of Content 

Introduction about Global AI in Oil and Gas 

Global AI in Oil and Gas Market Size (Sales) Market Share by Type (Product Category) in 2017 
AI in Oil and Gas Market by Application/End Users 
Global AI in Oil and Gas Sales (Volume) and Market Share Comparison by Applications
(2013-2023) table defined for each application/end-users like [Upstream , Downstream and Midstream] 
Global AI in Oil and Gas Sales and Growth Rate (2013-2023) 
AI in Oil and Gas Competition by Players/Suppliers, Region, Type and Application
AI in Oil and Gas (Volume, Value and Sales Price) table defined for each geographic region defined. 
Global AI in Oil and Gas Players/Suppliers Profiles and Sales Data 

Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers

Market Sales, Revenue, Price and Gross Margin (2013-2018) table for each product type which include Hardware , Software and Hybrid
AI in Oil and Gas Manufacturing Cost Analysis 
AI in Oil and Gas Key Raw Materials Analysis 
AI in Oil and Gas Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis 
Market Forecast (2018-2023) 
……..and more in complete table of Contents

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia. 

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