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

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. 

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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