North America AI in Oil and Gas Market Size, Share & Industry Trends Analysis Report By Operation (Upstream, Midstream and Downstream), By Component (Solution and Services), By Country and Growth Forecast, 2022 – 2028

North America AI in Oil and Gas Market Size, Share & Industry Trends Analysis Report By Operation (Upstream, Midstream and Downstream), By Component (Solution and Services), By Country and Growth Forecast, 2022 – 2028

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.

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
  • Solution
  • Services
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • 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.)
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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

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