The Latin America, Middle East and Africa AI in Oil and Gas Market would witness market growth of 19.6% CAGR during the forecast period (2022-2028).
While seismic pictures offer information on reservoir structure and elastic characteristics at a large scale encompassing tens of kilometers and low resolution (down to tens of meters), well logging is utilized to obtain more accurate data about various physical parameters of the subsurface along a wellbore. Well, logging has a resolution of millimeters.
The sensors used in good logging can assess a variety of parameters, including electrical resistivity, neutron density, sensitivity to magnetic excitation, and natural gamma-ray intensity. Both green fields and producing reservoirs are appealing to AI-assisted tools. Numerous pumps can benefit from machine learning technologies to execute predictive maintenance and choose the best-operating regimes in terms of operational expenses vs. production.
Numerous pumps, such as electric submersible pumps, injection well pumps, hydraulic fracturing pumps, and other good treatment pumps, are fitted with a large number of sensors that measure pressures, temperatures, vibrations, flow rates, etc. There are numerous instances where a fully data-driven model or a hybrid model with elements of both physics- and data-driven math helps to optimize the regimes, prevent unforeseen failures, and save maintenance costs.
One of the top ten oil producers in the world is the United Arab Emirates. Approximately 96% of the nation's estimated 100 billion barrels of known oil reserves are situated in Abu Dhabi, which is ranked sixth in the world. A daily average of 3.2 million barrels of liquid and petroleum are produced in the UAE. The UAE economy continues to be heavily dependent on hydrocarbons, with 13% of exports and 30% of GDP coming directly from the oil and gas sector.
The Brazil market dominated the LAMEA AI in Oil and Gas Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $114.2 million by 2028.The Argentina market is experiencing a CAGR of 20.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.3% during (2022 - 2028).
Based on Operation, the market is segmented into Upstream, Midstream and Downstream. Based on Component, the market is segmented into Solution and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global AI in Oil and Gas Market is Predict to reach $5.2 Billion by 2028, at a CAGR of 13.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Oracle Corporation, Intel Corporation, IBM Corporation, Cisco Systems, Inc., Accenture PLC, NVIDIA Corporation, Cloudera, Inc., C3.ai, Inc. and FuGenX Technologies (USM Business Systems, Inc.).
Scope of the Study
Market Segments Covered in the Report:
By Operation
- Upstream
- Midstream
- Downstream
By Component
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Oracle Corporation
- Intel Corporation
- IBM Corporation
- Cisco Systems, Inc.
- Accenture PLC
- NVIDIA Corporation
- Cloudera, Inc.
- C3.ai, Inc.
- FuGenX Technologies (USM Business Systems, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA AI in Oil and Gas Market, by Operation
1.4.2 LAMEA AI in Oil and Gas Market, by Component
1.4.3 LAMEA AI in Oil and Gas Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Jan – 2022, Jun) Leading Players
3.4.3 Key Strategic Move: (Acquisitions and Mergers : 2018, Dec – 2022, Aug) Leading Players
Chapter 4. LAMEA AI in Oil and Gas Market by Operation
4.1 LAMEA Upstream Market by Country
4.2 LAMEA Midstream Market by Country
4.3 LAMEA Downstream Market by Country
Chapter 5. LAMEA AI in Oil and Gas Market by Component
5.1 LAMEA Solution Market by Country
5.2 LAMEA Services Market by Country
Chapter 6. LAMEA AI in Oil and Gas Market by Country
6.1 Brazil AI in Oil and Gas Market
6.1.1 Brazil AI in Oil and Gas Market by Operation
6.1.2 Brazil AI in Oil and Gas Market by Component
6.2 Argentina AI in Oil and Gas Market
6.2.1 Argentina AI in Oil and Gas Market by Operation
6.2.2 Argentina AI in Oil and Gas Market by Component
6.3 UAE AI in Oil and Gas Market
6.3.1 UAE AI in Oil and Gas Market by Operation
6.3.2 UAE AI in Oil and Gas Market by Component
6.4 Saudi Arabia AI in Oil and Gas Market
6.4.1 Saudi Arabia AI in Oil and Gas Market by Operation
6.4.2 Saudi Arabia AI in Oil and Gas Market by Component
6.5 South Africa AI in Oil and Gas Market
6.5.1 South Africa AI in Oil and Gas Market by Operation
6.5.2 South Africa AI in Oil and Gas Market by Component
6.6 Nigeria AI in Oil and Gas Market
6.6.1 Nigeria AI in Oil and Gas Market by Operation
6.6.2 Nigeria AI in Oil and Gas Market by Component
6.7 Rest of LAMEA AI in Oil and Gas Market
6.7.1 Rest of LAMEA AI in Oil and Gas Market by Operation
6.7.2 Rest of LAMEA AI in Oil and Gas Market by Component
Chapter 7. Company Profiles
7.1 Microsoft Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Oracle Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Intel Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.3.5.2 Geographical Expansions:
7.3.6 SWOT Analysis
7.4 IBM Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.5.3 Acquisition and Mergers:
7.4.6 SWOT Analysis
7.5 Cisco Systems, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.5.6 SWOT Analysis
7.6 Accenture PLC
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.5.3 Acquisition and Mergers:
7.6.6 SWOT Analysis
7.7 NVIDIA Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.7.6 SWOT Analysis
7.8 Cloudera, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.9 C3.ai, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Acquisition, Joint Venture and Mergers:
7.10. FuGenX Technologies (USM Business Systems, Inc.)
7.10.1 Company Overview
TABLE 1 LAMEA AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 2 LAMEA AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AI in Oil and Gas Market
TABLE 4 Product Launches And Product Expansions– AI in Oil and Gas Market
TABLE 5 Acquisition and Mergers– AI in Oil and Gas Market
TABLE 6 LAMEA AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 7 LAMEA AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 8 LAMEA Upstream Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Upstream Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Midstream Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Midstream Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Downstream Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Downstream Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 15 LAMEA AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 16 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA AI in Oil and Gas Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA AI in Oil and Gas Market by Country, 2022 - 2028, USD Million
TABLE 22 Brazil AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 23 Brazil AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 24 Brazil AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 25 Brazil AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 26 Brazil AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 27 Brazil AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 28 Argentina AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 29 Argentina AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 30 Argentina AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 31 Argentina AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 32 Argentina AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 33 Argentina AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 34 UAE AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 35 UAE AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 36 UAE AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 37 UAE AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 38 UAE AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 39 UAE AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 40 Saudi Arabia AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 41 Saudi Arabia AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 42 Saudi Arabia AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 43 Saudi Arabia AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 44 Saudi Arabia AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 45 Saudi Arabia AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 46 South Africa AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 47 South Africa AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 48 South Africa AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 49 South Africa AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 50 South Africa AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 51 South Africa AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 52 Nigeria AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 53 Nigeria AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 54 Nigeria AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 55 Nigeria AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 56 Nigeria AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 57 Nigeria AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 58 Rest of LAMEA AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 59 Rest of LAMEA AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 60 Rest of LAMEA AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 61 Rest of LAMEA AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 62 Rest of LAMEA AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 63 Rest of LAMEA AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 64 key information – Microsoft Corporation
TABLE 65 Key Information – Oracle Corporation
TABLE 66 Key Information – Intel Corporation
TABLE 67 Key information – IBM Corporation
TABLE 68 Key Information – Cisco Systems, Inc.
TABLE 69 Key information – Accenture PLC
TABLE 70 Key Information – NVIDIA Corporation
TABLE 71 Key Information – Cloudera, Inc.
TABLE 72 Key Information – C3.ai, Inc.
TABLE 73 Key Information – FuGenX Technologies
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Jan – 2022, Jun) Leading Players
FIG 6 Key Strategic Move: (Acquisitions and Mergers : 2018, dec – 2022, Aug) Leading Players
FIG 7 Recent strategies and developments: Microsoft Corporation
FIG 8 SWOT Analysis: Microsoft Corporation
FIG 9 SWOT analysis: Oracle Corporation
FIG 10 Recent strategies and developments: Intel Corporation
FIG 11 SWOT analysis: Intel corporation
FIG 12 Recent strategies and developments: IBM Corporation
FIG 13 Swot analysis: IBM Corporation
FIG 14 SWOT Analysis: Cisco Systems, Inc.
FIG 15 Recent strategies and developments: Accenture PLC
FIG 16 Swot analysis: Accenture plc
FIG 17 Recent strategies and developments: NVIDIA Corporation
FIG 18 SWOT Analysis: NVIDIA Corporation
FIG 19 Recent strategies and developments: C3.ai, Inc.