(EMAILWIRE.COM, March 09, 2019 ) The implementation of Artificial Intelligence (AI) in the oil & gas industry helps in streamlining the whole production process as well as wastage control across the different operations. Since the operations in oil & gas industry include several hazardous tasks, the safety of the workers is one of the crucial requirement, and particularly the aging pipeline infrastructure maintenance puts immense pressure on the oil & gas companies. Thus, there is a need for several data analysis process that leverage predictive modeling across the operations of the oil & gas industry. The implementation of AI solutions is thereby, gaining popularity in the oil & gas industry.

Some of the key players influencing the AI in Oil & Gas market are Accenture, Cisco Systems, Inc., FuGenX Technologies Pvt Ltd, Google LLC, Hortonworks Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Nvidia Corporation, and Oracle Corporation among others.

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The "Global AI in Oil & Gas Market Analysis to 2027" is a specialized and in-depth study of the AI in Oil & Gas industry with a focus on the global AI in Oil & Gas market trend. The report aims to provide an overview of the global AI in Oil & Gas market with detailed market segmentation by component, application, sector and geography. The global AI in Oil & Gas market is expected to witness high growth during the forecast period. The report includes key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

AI in Oil and Gas Market has been segmented as follows.

By Type:
• Hardware
• Software
• Hybrid

By Function:
• Predictive maintenance and machinery inspection
• Material movement
• Production planning
• Field services
• Quality control
• Reclamation

By Application:
• Upstream
• Downstream
• Midstream

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Research Coverage:
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global AI in Oil & Gas market based on component, deployment type, and organization size. It also provides market size and forecast till 2027 for overall AI in Oil & Gas market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The AI in Oil & Gas market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

Reasons to Buy the Report
• The report helps the market leaders and new entrants in the AI in Oil & Gas market in the following ways:
• The report segments the market into various subsegments; hence, it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and its subsegments.
• The report helps understand the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
• The report helps better understand competitors and gain more insights to strengthen organizations’ position in the market. In addition to this, the report presents the positioning of the key players based on their product offerings and business strategies.

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