The North America AI in Oil and Gas Market would witness market growth of 11.9% CAGR during the forecast period (2022-2028).
Expert systems, machine learning, artificial neutral networks, fuzzy logic, and other methods make up artificial intelligence. These technologies assist in converting the data into insightful knowledge that can then be deployed at different phases of the exploration & development life cycle. Seismic, drilling, petrophysics, reservoir development, and energy production are some of these phases.
Oil and gas operators must decrease costs and improve operational efficiency in the context of low product prices by making effective and efficient use of the data at hand. To increase productivity, major organizations are making significant investments in predictive technologies. Oil and gas companies are now able to automate operations and improve human capabilities due to artificial intelligence.
Since it reveals significant geological characteristics like faults, unconformities, folds, and boundaries through data interpretation, artificial intelligence in the oil and gas business is also attracting interest from customers throughout the world. Operators rely heavily on the knowledge offered by artificial intelligence technology since geoscientists occasionally are unable to obtain such insights because of subpar good conditions or other external reasons.
The robust innovation environment, America has long been the leader in this new era of AI and is well-positioned to continue to remain so in the future. Industry, academia, and government must work together to fully realize AI's potential for the country. To speed up AI innovation in the US for the benefit of American citizens, the Administration has been engaged in formulating policies and putting these into practice.
The US market dominated the North America 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 $1,415 million by 2028.The Canada market is poised to grow at a CAGR of 14.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global AI in Oil and Gas Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America AI in Oil and Gas Market, by Operation
1.4.2 North America AI in Oil and Gas Market, by Component
1.4.3 North America 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. North America AI in Oil and Gas Market by Operation
4.1 North America Upstream Market by Country
4.2 North America Midstream Market by Country
4.3 North America Downstream Market by Country
Chapter 5. North America AI in Oil and Gas Market by Component
5.1 North America Solution Market by Country
5.2 North America Services Market by Country
Chapter 6. North America AI in Oil and Gas Market by Country
6.1 US AI in Oil and Gas Market
6.1.1 US AI in Oil and Gas Market by Operation
6.1.2 US AI in Oil and Gas Market by Component
6.2 Canada AI in Oil and Gas Market
6.2.1 Canada AI in Oil and Gas Market by Operation
6.2.2 Canada AI in Oil and Gas Market by Component
6.3 Mexico AI in Oil and Gas Market
6.3.1 Mexico AI in Oil and Gas Market by Operation
6.3.2 Mexico AI in Oil and Gas Market by Component
6.4 Rest of North America AI in Oil and Gas Market
6.4.1 Rest of North America AI in Oil and Gas Market by Operation
6.4.2 Rest of North America 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 North America AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 7 North America AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 8 North America Upstream Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Upstream Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Midstream Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Midstream Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Downstream Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Downstream Market by Country, 2022 - 2028, USD Million
TABLE 14 North America AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 15 North America AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 16 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 20 North America AI in Oil and Gas Market by Country, 2018 - 2021, USD Million
TABLE 21 North America AI in Oil and Gas Market by Country, 2022 - 2028, USD Million
TABLE 22 US AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 23 US AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 24 US AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 25 US AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 26 US AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 27 US AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 28 Canada AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 29 Canada AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 30 Canada AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 31 Canada AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 32 Canada AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 33 Canada AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 34 Mexico AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 35 Mexico AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 36 Mexico AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 37 Mexico AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 38 Mexico AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 39 Mexico AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 40 Rest of North America AI in Oil and Gas Market, 2018 - 2021, USD Million
TABLE 41 Rest of North America AI in Oil and Gas Market, 2022 - 2028, USD Million
TABLE 42 Rest of North America AI in Oil and Gas Market by Operation, 2018 - 2021, USD Million
TABLE 43 Rest of North America AI in Oil and Gas Market by Operation, 2022 - 2028, USD Million
TABLE 44 Rest of North America AI in Oil and Gas Market by Component, 2018 - 2021, USD Million
TABLE 45 Rest of North America AI in Oil and Gas Market by Component, 2022 - 2028, USD Million
TABLE 46 key information – Microsoft Corporation
TABLE 47 Key Information – Oracle Corporation
TABLE 48 Key Information – Intel Corporation
TABLE 49 Key information – IBM Corporation
TABLE 50 Key Information – Cisco Systems, Inc.
TABLE 51 Key information – Accenture PLC
TABLE 52 Key Information – NVIDIA Corporation
TABLE 53 Key Information – Cloudera, Inc.
TABLE 54 Key Information – C3.ai, Inc.
TABLE 55 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.