Current Business Affairs Global Artificial Intelligence in Oil & Gas Market | Page 2
maintenance. The solution is suitable for all the streams and help in predicting accurate system status to overcome
production costs and uninterrupted operations.
Regional Analysis:
Geographically, the industry is categorized as North America, Europe Union (EU), Asia Pacific (APAC), Middle East and
Africa (MEA) and Latin America (LA). North America is anticipated to have major share traced in comparison to Europe
and APAC. Rising implementation of AI technologies by service providers and oilfield operators and strong presence of
prominent AI system and software suppliers, particularly in the US and Canada has driven the regional growth.
Market Key players:
Prominent global players are IBM, Accenture, Microsoft Corporation, Google LLC and Oracle Corporation. Furthermore,
the prominent players are highly investing in R&D, for launching products and ground-breaking services for increasing
the awareness amongst the end-users. Other key players are CISCO Systems, Fugenx Technologies, General Vision,
HortonWorks, Intel, Numenta, and Sentient Technologies.
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