The Generative Artificial Intelligence (AI) In Oil And Gas Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Generative Artificial Intelligence (AI) In Oil And Gas Market?
The market size for generative artificial intelligence (AI) in the oil and gas sector has seen swift growth lately. The market will expand from $0.45 billion in 2024 to $0.53 billion in 2025, with a compound annual growth rate (CAGR) of 17.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Generative Artificial Intelligence (AI) In Oil And Gas Industry?
The Generative Artificial Intelligence (AI) in Oil and Gas market is projected to reach $0.99 billion by the year 2029, with a compound annual growth rate (CAGR) of 17.0%.
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What are the Key Growth Drivers Fueling the Generative Artificial Intelligence (AI) In Oil And Gas Market?
The key drivers in the generative artificial intelligence (ai) in oil and gas market are:
• Enhanced operational efficiency through AI-driven insights
• Optimization of resource extraction and management using AI
• Improved environmental compliance
• Enhanced risk assessment and mitigation strategies using AI
Global Market Segmentation: Identifying Major Generative Artificial Intelligence (AI) In Oil And Gas Industry Segments
The generative artificial intelligence (AI) in oil and gas market covered in this report is segmented –
1) By Deployment: On-Premise, Cloud-Based
2) By Function: Data Analysis And Interpretation, Predictive Modelling, Anomaly Detection, Decision Support, Other Functions
3) By Application: Asset Maintenance, Drilling Optimization, Exploration And Production, Reservoir Modelling, Other Applications
4) By End User: Oil And Gas Companies, Drilling Contractors, Equipment Manufacturers, Service Providers, Consulting Firms
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What are the emerging Trends Shaping the Future of the Generative Artificial Intelligence (AI) In Oil And Gas Market?
The key trends in the generative artificial intelligence (ai) in oil and gas market are:
• Advanced predictive maintenance is increasingly trending in the Generative AI in Oil and Gas market.
• AI-driven exploration is emerging as a significant new trend.
• Automated drilling optimization is becoming a prevailing trend.
• Advanced AI models to assess and mitigate risks are becoming more popular.
Who Are the Top Competitors & Leading Players in the Generative Artificial Intelligence (AI) In Oil And Gas Market?
Major companies in the generative artificial intelligence (ai) in oil and gas market are:
• Exxon Mobil Corporation
• Google LLC
• Chevron Corporation
• TotalEnergies SE
• Microsoft Corporation
• Equinor ASA
• Siemens AG
• International Business Machines Corporation
• Honeywell International Inc.
• ABB Ltd.
• Tata Consultancy Services Limited
• Cognizant Technology Solutions Corporation
• Infosys Limited
• DXC Technology Company
• Emerson Electric Co.
• Wipro Limited
• Rockwell Automation Inc.
• AVEVA Group plc
• Aspen Technology Inc.
• C3.ai Inc.
• Altair Engineering Inc.
Regional Dominance: Which Area Leads the Global Generative Artificial Intelligence (AI) In Oil And Gas Market?
North America was the largest region in the generative artificial intelligence in the oil and gas market in 2024
