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AI and ML in Oil and Gas Market 2025-2029

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    Report

  • 281 Pages
  • January 2026
  • Region: Global
  • TechNavio
  • ID: 6227755
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The global ai and ml in oil and gas market is forecasted to grow by USD 5.91 billion during 2024-2029, accelerating at a CAGR of 15.1% during the forecast period. The report on the global ai and ml in oil and gas market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative for enhanced operational efficiency and cost reduction, escalating focus on environmental, social, and governance (esg) compliance and safety, proliferation of big data and advancement of cloud computing infrastructure.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The global ai and ml in oil and gas market is segmented as below:

By Component

  • Solutions
  • Services

By Application

  • Predictive maintenance
  • Production optimization
  • Supply chain and logistics
  • Exploration and drilling
  • Others

By End-User

  • Downstream
  • Upstream
  • Midstream

By Region

  • North America
  • US
  • Canada
  • Europe
  • Russia
  • Germany
  • UK
  • France
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Middle East and Africa
  • UAE
  • South America
  • Brazil
  • Argentina
  • Rest of World (ROW)
This study identifies the emergence of generative ai and large language models for knowledge management as one of the prime reasons driving the global ai and ml in oil and gas market growth during the next few years. Also, hyper-automation and progression towards fully autonomous operations and proliferation of edge ai for real-time decision making in remote environments will lead to sizable demand in the market.

The report on the global ai and ml in oil and gas market covers the following areas:

  • Global ai and ml in oil and gas market sizing
  • Global ai and ml in oil and gas market forecast
  • Global ai and ml in oil and gas market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global ai and ml in oil and gas market vendors that include ABB Ltd., Accenture PLC, Baker Hughes Co., Beyond Limits, BP Plc, C3.ai Inc., Exxon Mobil Corp., Google LLC, Halliburton Co., IBM Corp., Microsoft Corp., Oracle Corp., Saudi Arabian Oil Co., Schlumberger Ltd., SensorUp Inc., Shell plc, Siemens AG, SparkCognition Inc., TechnipFMC plc. Also, the global ai and ml in oil and gas market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market by Geography
  • Executive Summary - Chart on Market Segmentation by Component
  • Executive Summary - Chart on Market Segmentation by Application
  • Executive Summary - Chart on Market Segmentation by End-user
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
  • Chart on Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
  • Chart on Overview on factors of disruption
2.4 Impact of drivers and challenges
  • Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
  • Chart on Parent Market
  • Data Table on - Parent Market
3.2 Market characteristics
  • Chart on Market characteristics analysis
3.3 Value chain analysis
  • Chart on Value chain analysis
4 Market Sizing
4.1 Market definition
  • Data Table on Offerings of companies included in the market definition
4.2 Market segment analysis
  • Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
  • Chart on Global - Market size and forecast 2024-2029 ($ million)
  • Data Table on Global - Market size and forecast 2024-2029 ($ million)
  • Chart on Global Market: Year-over-year growth 2024-2029 (%)
  • Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global AI And ML In Oil And Gas Market 2019 - 2023
  • Historic Market Size - Data Table on Global AI And ML In Oil And Gas Market 2019 - 2023 ($ million)
5.2 Component segment analysis 2019 - 2023
  • Historic Market Size - Component Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
  • Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.4 End-user segment analysis 2019 - 2023
  • Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
  • Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
  • Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Five Forces Analysis
6.1 Five forces summary
  • Five forces analysis - Comparison between 2024 and 2029
6.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2024 and 2029
6.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2024 and 2029
6.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2024 and 2029
6.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2024 and 2029
6.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2024 and 2029
6.7 Market condition
  • Chart on Market condition - Five forces 2024 and 2029
7 Market Segmentation by Component
7.1 Market segments
  • Chart on Component - Market share 2024-2029 (%)
  • Data Table on Component - Market share 2024-2029 (%)
7.2 Comparison by Component
  • Chart on Comparison by Component
  • Data Table on Comparison by Component
7.3 Solutions - Market size and forecast 2024-2029
  • Chart on Solutions - Market size and forecast 2024-2029 ($ million)
  • Data Table on Solutions - Market size and forecast 2024-2029 ($ million)
  • Chart on Solutions - Year-over-year growth 2024-2029 (%)
  • Data Table on Solutions - Year-over-year growth 2024-2029 (%)
7.4 Services - Market size and forecast 2024-2029
  • Chart on Services - Market size and forecast 2024-2029 ($ million)
  • Data Table on Services - Market size and forecast 2024-2029 ($ million)
  • Chart on Services - Year-over-year growth 2024-2029 (%)
  • Data Table on Services - Year-over-year growth 2024-2029 (%)
7.5 Market opportunity by Component
  • Market opportunity by Component ($ million)
  • Data Table on Market opportunity by Component ($ million)
8 Market Segmentation by Application
8.1 Market segments
  • Chart on Application - Market share 2024-2029 (%)
  • Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
  • Chart on Comparison by Application
  • Data Table on Comparison by Application
8.3 Predictive maintenance - Market size and forecast 2024-2029
  • Chart on Predictive maintenance - Market size and forecast 2024-2029 ($ million)
  • Data Table on Predictive maintenance - Market size and forecast 2024-2029 ($ million)
  • Chart on Predictive maintenance - Year-over-year growth 2024-2029 (%)
  • Data Table on Predictive maintenance - Year-over-year growth 2024-2029 (%)
8.4 Production optimization - Market size and forecast 2024-2029
  • Chart on Production optimization - Market size and forecast 2024-2029 ($ million)
  • Data Table on Production optimization - Market size and forecast 2024-2029 ($ million)
  • Chart on Production optimization - Year-over-year growth 2024-2029 (%)
  • Data Table on Production optimization - Year-over-year growth 2024-2029 (%)
8.5 Supply chain and logistics - Market size and forecast 2024-2029
  • Chart on Supply chain and logistics - Market size and forecast 2024-2029 ($ million)
  • Data Table on Supply chain and logistics - Market size and forecast 2024-2029 ($ million)
  • Chart on Supply chain and logistics - Year-over-year growth 2024-2029 (%)
  • Data Table on Supply chain and logistics - Year-over-year growth 2024-2029 (%)
8.6 Exploration and drilling - Market size and forecast 2024-2029
  • Chart on Exploration and drilling - Market size and forecast 2024-2029 ($ million)
  • Data Table on Exploration and drilling - Market size and forecast 2024-2029 ($ million)
  • Chart on Exploration and drilling - Year-over-year growth 2024-2029 (%)
  • Data Table on Exploration and drilling - Year-over-year growth 2024-2029 (%)
8.7 Others - Market size and forecast 2024-2029
  • Chart on Others - Market size and forecast 2024-2029 ($ million)
  • Data Table on Others - Market size and forecast 2024-2029 ($ million)
  • Chart on Others - Year-over-year growth 2024-2029 (%)
  • Data Table on Others - Year-over-year growth 2024-2029 (%)
8.8 Market opportunity by Application
  • Market opportunity by Application ($ million)
  • Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by End-user
9.1 Market segments
  • Chart on End-user - Market share 2024-2029 (%)
  • Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
  • Chart on Comparison by End-user
  • Data Table on Comparison by End-user
9.3 Downstream - Market size and forecast 2024-2029
  • Chart on Downstream - Market size and forecast 2024-2029 ($ million)
  • Data Table on Downstream - Market size and forecast 2024-2029 ($ million)
  • Chart on Downstream - Year-over-year growth 2024-2029 (%)
  • Data Table on Downstream - Year-over-year growth 2024-2029 (%)
9.4 Upstream - Market size and forecast 2024-2029
  • Chart on Upstream - Market size and forecast 2024-2029 ($ million)
  • Data Table on Upstream - Market size and forecast 2024-2029 ($ million)
  • Chart on Upstream - Year-over-year growth 2024-2029 (%)
  • Data Table on Upstream - Year-over-year growth 2024-2029 (%)
9.5 Midstream - Market size and forecast 2024-2029
  • Chart on Midstream - Market size and forecast 2024-2029 ($ million)
  • Data Table on Midstream - Market size and forecast 2024-2029 ($ million)
  • Chart on Midstream - Year-over-year growth 2024-2029 (%)
  • Data Table on Midstream - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by End-user
  • Market opportunity by End-user ($ million)
  • Data Table on Market opportunity by End-user ($ million)
10 Customer Landscape
10.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
11.1 Geographic segmentation
  • Chart on Market share by geography 2024-2029 (%)
  • Data Table on Market share by geography 2024-2029 (%)
11.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison
11.3 North America - Market size and forecast 2024-2029
  • Chart on North America - Market size and forecast 2024-2029 ($ million)
  • Data Table on North America - Market size and forecast 2024-2029 ($ million)
  • Chart on North America - Year-over-year growth 2024-2029 (%)
  • Data Table on North America - Year-over-year growth 2024-2029 (%)
  • Chart on Regional Comparison - North America
  • Data Table on Regional Comparison - North America
11.3.1 US - Market size and forecast 2024-2029
  • Chart on US - Market size and forecast 2024-2029 ($ million)
  • Data Table on US - Market size and forecast 2024-2029 ($ million)
  • Chart on US - Year-over-year growth 2024-2029 (%)
  • Data Table on US - Year-over-year growth 2024-2029 (%)
11.3.2 Canada - Market size and forecast 2024-2029
  • Chart on Canada - Market size and forecast 2024-2029 ($ million)
  • Data Table on Canada - Market size and forecast 2024-2029 ($ million)
  • Chart on Canada - Year-over-year growth 2024-2029 (%)
  • Data Table on Canada - Year-over-year growth 2024-2029 (%)
11.4 Europe - Market size and forecast 2024-2029
  • Chart on Europe - Market size and forecast 2024-2029 ($ million)
  • Data Table on Europe - Market size and forecast 2024-2029 ($ million)
  • Chart on Europe - Year-over-year growth 2024-2029 (%)
  • Data Table on Europe - Year-over-year growth 2024-2029 (%)
  • Chart on Regional Comparison - Europe
  • Data Table on Regional Comparison - Europe
11.4.1 Russia - Market size and forecast 2024-2029
  • Chart on Russia - Market size and forecast 2024-2029 ($ million)
  • Data Table on Russia - Market size and forecast 2024-2029 ($ million)
  • Chart on Russia - Year-over-year growth 2024-2029 (%)
  • Data Table on Russia - Year-over-year growth 2024-2029 (%)
11.4.2 Germany - Market size and forecast 2024-2029
  • Chart on Germany - Market size and forecast 2024-2029 ($ million)
  • Data Table on Germany - Market size and forecast 2024-2029 ($ million)
  • Chart on Germany - Year-over-year growth 2024-2029 (%)
  • Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.4.3 UK - Market size and forecast 2024-2029
  • Chart on UK - Market size and forecast 2024-2029 ($ million)
  • Data Table on UK - Market size and forecast 2024-2029 ($ million)
  • Chart on UK - Year-over-year growth 2024-2029 (%)
  • Data Table on UK - Year-over-year growth 2024-2029 (%)
11.4.4 France - Market size and forecast 2024-2029
  • Chart on France - Market size and forecast 2024-2029 ($ million)
  • Data Table on France - Market size and forecast 2024-2029 ($ million)
  • Chart on France - Year-over-year growth 2024-2029 (%)
  • Data Table on France - Year-over-year growth 2024-2029 (%)
11.5 APAC - Market size and forecast 2024-2029
  • Chart on APAC - Market size and forecast 2024-2029 ($ million)
  • Data Table on APAC - Market size and forecast 2024-2029 ($ million)
  • Chart on APAC - Year-over-year growth 2024-2029 (%)
  • Data Table on APAC - Year-over-year growth 2024-2029 (%)
  • Chart on Regional Comparison - APAC
  • Data Table on Regional Comparison - APAC
11.5.1 China - Market size and forecast 2024-2029
  • Chart on China - Market size and forecast 2024-2029 ($ million)
  • Data Table on China - Market size and forecast 2024-2029 ($ million)
  • Chart on China - Year-over-year growth 2024-2029 (%)
  • Data Table on China - Year-over-year growth 2024-2029 (%)
11.5.2 India - Market size and forecast 2024-2029
  • Chart on India - Market size and forecast 2024-2029 ($ million)
  • Data Table on India - Market size and forecast 2024-2029 ($ million)
  • Chart on India - Year-over-year growth 2024-2029 (%)
  • Data Table on India - Year-over-year growth 2024-2029 (%)
11.5.3 Japan - Market size and forecast 2024-2029
  • Chart on Japan - Market size and forecast 2024-2029 ($ million)
  • Data Table on Japan - Market size and forecast 2024-2029 ($ million)
  • Chart on Japan - Year-over-year growth 2024-2029 (%)
  • Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.5.4 South Korea - Market size and forecast 2024-2029
  • Chart on South Korea - Market size and forecast 2024-2029 ($ million)
  • Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
  • Chart on South Korea - Year-over-year growth 2024-2029 (%)
  • Data Table on South Korea - Year-over-year growth 2024-2029 (%)
11.5.5 Australia - Market size and forecast 2024-2029
  • Chart on Australia - Market size and forecast 2024-2029 ($ million)
  • Data Table on Australia - Market size and forecast 2024-2029 ($ million)
  • Chart on Australia - Year-over-year growth 2024-2029 (%)
  • Data Table on Australia - Year-over-year growth 2024-2029 (%)
11.6 Middle East and Africa - Market size and forecast 2024-2029
  • Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
  • Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
  • Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
  • Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
  • Chart on Regional Comparison - Middle East and Africa
  • Data Table on Regional Comparison - Middle East and Africa
11.6.1 Saudi Arabia - Market size and forecast 2024-2029
  • Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
  • Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
  • Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
  • Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
11.6.2 UAE - Market size and forecast 2024-2029
  • Chart on UAE - Market size and forecast 2024-2029 ($ million)
  • Data Table on UAE - Market size and forecast 2024-2029 ($ million)
  • Chart on UAE - Year-over-year growth 2024-2029 (%)
  • Data Table on UAE - Year-over-year growth 2024-2029 (%)
11.7 South America - Market size and forecast 2024-2029
  • Chart on South America - Market size and forecast 2024-2029 ($ million)
  • Data Table on South America - Market size and forecast 2024-2029 ($ million)
  • Chart on South America - Year-over-year growth 2024-2029 (%)
  • Data Table on South America - Year-over-year growth 2024-2029 (%)
  • Chart on Regional Comparison - South America
  • Data Table on Regional Comparison - South America
11.7.1 Brazil - Market size and forecast 2024-2029
  • Chart on Brazil - Market size and forecast 2024-2029 ($ million)
  • Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
  • Chart on Brazil - Year-over-year growth 2024-2029 (%)
  • Data Table on Brazil - Year-over-year growth 2024-2029 (%)
11.7.2 Argentina - Market size and forecast 2024-2029
  • Chart on Argentina - Market size and forecast 2024-2029 ($ million)
  • Data Table on Argentina - Market size and forecast 2024-2029 ($ million)
  • Chart on Argentina - Year-over-year growth 2024-2029 (%)
  • Data Table on Argentina - Year-over-year growth 2024-2029 (%)
11.8 Market opportunity by geography
  • Market opportunity by geography ($ million)
  • Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity
12.1 Market drivers
  • Imperative for enhanced operational efficiency and cost reduction
  • Escalating focus on environmental, social, and governance (ESG) compliance and safety
  • Proliferation of big data and advancement of cloud computing infrastructure
12.2 Market challenges
  • Pervasive data management and integration issues
  • Significant upfront investment and ambiguous return on investment
  • Critical talent shortage and organizational change management
12.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities
  • Emergence of generative AI and large language models for knowledge management
  • Hyper-automation and progression towards fully autonomous operations
  • Proliferation of edge AI for real-time decision making in remote environments
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
  • Overview on factors of disruption
13.4 Industry risks
  • Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
  • Companies covered
14.2 Company ranking index
  • Company ranking index
14.3 Market positioning of companies
  • Matrix on companies position and classification
14.4 ABB Ltd.
  • ABB Ltd. - Overview
  • ABB Ltd. - Business segments
  • ABB Ltd. - Key news
  • ABB Ltd. - Key offerings
  • ABB Ltd. - Segment focus
  • SWOT
14.5 Accenture PLC
  • Accenture PLC - Overview
  • Accenture PLC - Business segments
  • Accenture PLC - Key news
  • Accenture PLC - Key offerings
  • Accenture PLC - Segment focus
  • SWOT
14.6 Baker Hughes Co.
  • Baker Hughes Co. - Overview
  • Baker Hughes Co. - Business segments
  • Baker Hughes Co. - Key news
  • Baker Hughes Co. - Key offerings
  • Baker Hughes Co. - Segment focus
  • SWOT
14.7 BP Plc
  • BP Plc - Overview
  • BP Plc - Business segments
  • BP Plc - Key news
  • BP Plc - Key offerings
  • BP Plc - Segment focus
  • SWOT
14.8 C3.ai Inc.
  • C3.ai Inc. - Overview
  • C3.ai Inc. - Product / Service
  • C3.ai Inc. - Key news
  • C3.ai Inc. - Key offerings
  • SWOT
14.9 Exxon Mobil Corp.
  • Exxon Mobil Corp. - Overview
  • Exxon Mobil Corp. - Business segments
  • Exxon Mobil Corp. - Key news
  • Exxon Mobil Corp. - Key offerings
  • Exxon Mobil Corp. - Segment focus
  • SWOT
14.10 Google LLC
  • Google LLC - Overview
  • Google LLC - Product / Service
  • Google LLC - Key offerings
  • SWOT
14.11 Halliburton Co.
  • Halliburton Co. - Overview
  • Halliburton Co. - Business segments
  • Halliburton Co. - Key news
  • Halliburton Co. - Key offerings
  • Halliburton Co. - Segment focus
  • SWOT
14.12 IBM Corp.
  • IBM Corp. - Overview
  • IBM Corp. - Business segments
  • IBM Corp. - Key news
  • IBM Corp. - Key offerings
  • IBM Corp. - Segment focus
  • SWOT
14.13 Microsoft Corp.
  • Microsoft Corp. - Overview
  • Microsoft Corp. - Business segments
  • Microsoft Corp. - Key news
  • Microsoft Corp. - Key offerings
  • Microsoft Corp. - Segment focus
  • SWOT
14.14 Oracle Corp.
  • Oracle Corp. - Overview
  • Oracle Corp. - Business segments
  • Oracle Corp. - Key news
  • Oracle Corp. - Key offerings
  • Oracle Corp. - Segment focus
  • SWOT
14.15 Saudi Arabian Oil Co.
  • Saudi Arabian Oil Co. - Overview
  • Saudi Arabian Oil Co. - Product / Service
  • Saudi Arabian Oil Co. - Key offerings
  • SWOT
14.16 Schlumberger Ltd.
  • Schlumberger Ltd. - Overview
  • Schlumberger Ltd. - Business segments
  • Schlumberger Ltd. - Key news
  • Schlumberger Ltd. - Key offerings
  • Schlumberger Ltd. - Segment focus
  • SWOT
14.17 Shell plc
  • Shell plc - Overview
  • Shell plc - Business segments
  • Shell plc - Key news
  • Shell plc - Key offerings
  • Shell plc - Segment focus
  • SWOT
14.18 Siemens AG
  • Siemens AG - Overview
  • Siemens AG - Business segments
  • Siemens AG - Key news
  • Siemens AG - Key offerings
  • Siemens AG - Segment focus
  • SWOT
15 Appendix
15.1 Scope of the report
  • Market definition
  • Objectives
  • Notes and caveats
15.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
15.3 Currency conversion rates for US$
  • Currency conversion rates for US$
15.4 Research methodology
  • Research methodology
15.5 Data procurement
  • Information sources
15.6 Data validation
  • Data validation
15.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
15.8 Data synthesis
  • Data synthesis
15.9 360 degree market analysis
  • 360 degree market analysis
15.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibit 1: Executive Summary - Chart on Market Overview
Exhibit 2: Executive Summary - Data Table on Market Overview
Exhibit 3: Executive Summary - Chart on Global Market Characteristics
Exhibit 4: Executive Summary - Chart on Market by Geography
Exhibit 5: Executive Summary - Chart on Market Segmentation by Component
Exhibit 6: Executive Summary - Chart on Market Segmentation by Application
Exhibit 7: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 8: Executive Summary - Chart on Incremental Growth
Exhibit 9: Executive Summary - Data Table on Incremental Growth
Exhibit 10: Executive Summary - Chart on Company Market Positioning
Exhibit 11: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibit 12: Chart on Overview on criticality of inputs and factors of differentiation
Exhibit 13: Chart on Overview on factors of disruption
Exhibit 14: Chart on Impact of drivers and challenges in 2024 and 2029
Exhibit 15: Chart on Parent Market
Exhibit 16: Data Table on - Parent Market
Exhibit 17: Chart on Market characteristics analysis
Exhibit 18: Chart on Value chain analysis
Exhibit 19: Data Table on Offerings of companies included in the market definition
Exhibit 20: Market segments
Exhibit 21: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibit 22: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibit 23: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibit 24: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibit 25: Historic Market Size - Data Table on Global AI And ML In Oil And Gas Market 2019 - 2023 ($ million)
Exhibit 26: Historic Market Size - Component Segment 2019 - 2023 ($ million)
Exhibit 27: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibit 28: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibit 29: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibit 30: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibit 31: Five forces analysis - Comparison between 2024 and 2029
Exhibit 32: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibit 33: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibit 34: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibit 35: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibit 36: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibit 37: Chart on Market condition - Five forces 2024 and 2029
Exhibit 38: Chart on Component - Market share 2024-2029 (%)
Exhibit 39: Data Table on Component - Market share 2024-2029 (%)
Exhibit 40: Chart on Comparison by Component
Exhibit 41: Data Table on Comparison by Component
Exhibit 42: Chart on Solutions - Market size and forecast 2024-2029 ($ million)
Exhibit 43: Data Table on Solutions - Market size and forecast 2024-2029 ($ million)
Exhibit 44: Chart on Solutions - Year-over-year growth 2024-2029 (%)
Exhibit 45: Data Table on Solutions - Year-over-year growth 2024-2029 (%)
Exhibit 46: Chart on Services - Market size and forecast 2024-2029 ($ million)
Exhibit 47: Data Table on Services - Market size and forecast 2024-2029 ($ million)
Exhibit 48: Chart on Services - Year-over-year growth 2024-2029 (%)
Exhibit 49: Data Table on Services - Year-over-year growth 2024-2029 (%)
Exhibit 50: Market opportunity by Component ($ million)
Exhibit 51: Data Table on Market opportunity by Component ($ million)
Exhibit 52: Chart on Application - Market share 2024-2029 (%)
Exhibit 53: Data Table on Application - Market share 2024-2029 (%)
Exhibit 54: Chart on Comparison by Application
Exhibit 55: Data Table on Comparison by Application
Exhibit 56: Chart on Predictive maintenance - Market size and forecast 2024-2029 ($ million)
Exhibit 57: Data Table on Predictive maintenance - Market size and forecast 2024-2029 ($ million)
Exhibit 58: Chart on Predictive maintenance - Year-over-year growth 2024-2029 (%)
Exhibit 59: Data Table on Predictive maintenance - Year-over-year growth 2024-2029 (%)
Exhibit 60: Chart on Production optimization - Market size and forecast 2024-2029 ($ million)
Exhibit 61: Data Table on Production optimization - Market size and forecast 2024-2029 ($ million)
Exhibit 62: Chart on Production optimization - Year-over-year growth 2024-2029 (%)
Exhibit 63: Data Table on Production optimization - Year-over-year growth 2024-2029 (%)
Exhibit 64: Chart on Supply chain and logistics - Market size and forecast 2024-2029 ($ million)
Exhibit 65: Data Table on Supply chain and logistics - Market size and forecast 2024-2029 ($ million)
Exhibit 66: Chart on Supply chain and logistics - Year-over-year growth 2024-2029 (%)
Exhibit 67: Data Table on Supply chain and logistics - Year-over-year growth 2024-2029 (%)
Exhibit 68: Chart on Exploration and drilling - Market size and forecast 2024-2029 ($ million)
Exhibit 69: Data Table on Exploration and drilling - Market size and forecast 2024-2029 ($ million)
Exhibit 70: Chart on Exploration and drilling - Year-over-year growth 2024-2029 (%)
Exhibit 71: Data Table on Exploration and drilling - Year-over-year growth 2024-2029 (%)
Exhibit 72: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibit 73: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibit 74: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibit 75: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibit 76: Market opportunity by Application ($ million)
Exhibit 77: Data Table on Market opportunity by Application ($ million)
Exhibit 78: Chart on End-user - Market share 2024-2029 (%)
Exhibit 79: Data Table on End-user - Market share 2024-2029 (%)
Exhibit 80: Chart on Comparison by End-user
Exhibit 81: Data Table on Comparison by End-user
Exhibit 82: Chart on Downstream - Market size and forecast 2024-2029 ($ million)
Exhibit 83: Data Table on Downstream - Market size and forecast 2024-2029 ($ million)
Exhibit 84: Chart on Downstream - Year-over-year growth 2024-2029 (%)
Exhibit 85: Data Table on Downstream - Year-over-year growth 2024-2029 (%)
Exhibit 86: Chart on Upstream - Market size and forecast 2024-2029 ($ million)
Exhibit 87: Data Table on Upstream - Market size and forecast 2024-2029 ($ million)
Exhibit 88: Chart on Upstream - Year-over-year growth 2024-2029 (%)
Exhibit 89: Data Table on Upstream - Year-over-year growth 2024-2029 (%)
Exhibit 90: Chart on Midstream - Market size and forecast 2024-2029 ($ million)
Exhibit 91: Data Table on Midstream - Market size and forecast 2024-2029 ($ million)
Exhibit 92: Chart on Midstream - Year-over-year growth 2024-2029 (%)
Exhibit 93: Data Table on Midstream - Year-over-year growth 2024-2029 (%)
Exhibit 94: Market opportunity by End-user ($ million)
Exhibit 95: Data Table on Market opportunity by End-user ($ million)
Exhibit 96: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibit 97: Chart on Market share by geography 2024-2029 (%)
Exhibit 98: Data Table on Market share by geography 2024-2029 (%)
Exhibit 99: Chart on Geographic comparison
Exhibit 100: Data Table on Geographic comparison
Exhibit 101: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibit 102: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibit 103: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibit 104: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibit 105: Chart on Regional Comparison - North America
Exhibit 106: Data Table on Regional Comparison - North America
Exhibit 107: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibit 108: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibit 109: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibit 111: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibit 112: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibit 113: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibit 114: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibit 115: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibit 116: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibit 117: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibit 118: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibit 119: Chart on Regional Comparison - Europe
Exhibit 120: Data Table on Regional Comparison - Europe
Exhibit 121: Chart on Russia - Market size and forecast 2024-2029 ($ million)
Exhibit 122: Data Table on Russia - Market size and forecast 2024-2029 ($ million)
Exhibit 123: Chart on Russia - Year-over-year growth 2024-2029 (%)
Exhibit 124: Data Table on Russia - Year-over-year growth 2024-2029 (%)
Exhibit 125: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibit 126: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibit 127: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibit 128: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibit 129: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibit 130: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibit 131: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibit 132: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibit 133: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibit 134: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibit 135: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibit 136: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibit 137: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibit 138: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibit 139: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibit 140: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibit 141: Chart on Regional Comparison - APAC
Exhibit 142: Data Table on Regional Comparison - APAC
Exhibit 143: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibit 144: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibit 145: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibit 146: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibit 147: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibit 148: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibit 149: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibit 150: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibit 151: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibit 152: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibit 153: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibit 154: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibit 155: Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibit 156: Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibit 157: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibit 158: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibit 159: Chart on Australia - Market size and forecast 2024-2029 ($ million)
Exhibit 160: Data Table on Australia - Market size and forecast 2024-2029 ($ million)
Exhibit 161: Chart on Australia - Year-over-year growth 2024-2029 (%)
Exhibit 162: Data Table on Australia - Year-over-year growth 2024-2029 (%)
Exhibit 163: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibit 164: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibit 165: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibit 166: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibit 167: Chart on Regional Comparison - Middle East and Africa
Exhibit 168: Data Table on Regional Comparison - Middle East and Africa
Exhibit 169: Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
Exhibit 170: Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
Exhibit 171: Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibit 172: Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibit 173: Chart on UAE - Market size and forecast 2024-2029 ($ million)
Exhibit 174: Data Table on UAE - Market size and forecast 2024-2029 ($ million)
Exhibit 175: Chart on UAE - Year-over-year growth 2024-2029 (%)
Exhibit 176: Data Table on UAE - Year-over-year growth 2024-2029 (%)
Exhibit 177: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibit 178: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibit 179: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibit 180: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibit 181: Chart on Regional Comparison - South America
Exhibit 182: Data Table on Regional Comparison - South America
Exhibit 183: Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibit 184: Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibit 185: Chart on Brazil - Year-over-year growth 2024-2029 (%)
Exhibit 186: Data Table on Brazil - Year-over-year growth 2024-2029 (%)
Exhibit 187: Chart on Argentina - Market size and forecast 2024-2029 ($ million)
Exhibit 188: Data Table on Argentina - Market size and forecast 2024-2029 ($ million)
Exhibit 189: Chart on Argentina - Year-over-year growth 2024-2029 (%)
Exhibit 190: Data Table on Argentina - Year-over-year growth 2024-2029 (%)
Exhibit 191: Market opportunity by geography ($ million)
Exhibit 192: Data Tables on Market opportunity by geography ($ million)
Exhibit 193: Impact of drivers and challenges in 2024 and 2029
Exhibit 194: Overview on criticality of inputs and factors of differentiation
Exhibit 195: Overview on factors of disruption
Exhibit 196: Impact of key risks on business
Exhibit 197: Companies covered
Exhibit 198: Company ranking index
Exhibit 199: Matrix on companies position and classification
Exhibit 200: ABB Ltd. - Overview
Exhibit 201: ABB Ltd. - Business segments
Exhibit 202: ABB Ltd. - Key news
Exhibit 203: ABB Ltd. - Key offerings
Exhibit 204: ABB Ltd. - Segment focus
Exhibit 205: SWOT
Exhibit 206: Accenture PLC - Overview
Exhibit 207: Accenture PLC - Business segments
Exhibit 208: Accenture PLC - Key news
Exhibit 209: Accenture PLC - Key offerings
Exhibit 210: Accenture PLC - Segment focus
Exhibit 211: SWOT
Exhibit 212: Baker Hughes Co. - Overview
Exhibit 213: Baker Hughes Co. - Business segments
Exhibit 214: Baker Hughes Co. - Key news
Exhibit 215: Baker Hughes Co. - Key offerings
Exhibit 216: Baker Hughes Co. - Segment focus
Exhibit 217: SWOT
Exhibit 218: BP Plc - Overview
Exhibit 219: BP Plc - Business segments
Exhibit 220: BP Plc - Key news
Exhibit 221: BP Plc - Key offerings
Exhibit 222: BP Plc - Segment focus
Exhibit 223: SWOT
Exhibit 224: C3.ai Inc. - Overview
Exhibit 225: C3.ai Inc. - Product / Service
Exhibit 226: C3.ai Inc. - Key news
Exhibit 227: C3.ai Inc. - Key offerings
Exhibit 228: SWOT
Exhibit 229: Exxon Mobil Corp. - Overview
Exhibit 230: Exxon Mobil Corp. - Business segments
Exhibit 231: Exxon Mobil Corp. - Key news
Exhibit 232: Exxon Mobil Corp. - Key offerings
Exhibit 233: Exxon Mobil Corp. - Segment focus
Exhibit 234: SWOT
Exhibit 235: Google LLC - Overview
Exhibit 236: Google LLC - Product / Service
Exhibit 237: Google LLC - Key offerings
Exhibit 238: SWOT
Exhibit 239: Halliburton Co. - Overview
Exhibit 240: Halliburton Co. - Business segments
Exhibit 241: Halliburton Co. - Key news
Exhibit 242: Halliburton Co. - Key offerings
Exhibit 243: Halliburton Co. - Segment focus
Exhibit 244: SWOT
Exhibit 245: IBM Corp. - Overview
Exhibit 246: IBM Corp. - Business segments
Exhibit 247: IBM Corp. - Key news
Exhibit 248: IBM Corp. - Key offerings
Exhibit 249: IBM Corp. - Segment focus
Exhibit 250: SWOT
Exhibit 251: Microsoft Corp. - Overview
Exhibit 252: Microsoft Corp. - Business segments
Exhibit 253: Microsoft Corp. - Key news
Exhibit 254: Microsoft Corp. - Key offerings
Exhibit 255: Microsoft Corp. - Segment focus
Exhibit 256: SWOT
Exhibit 257: Oracle Corp. - Overview
Exhibit 258: Oracle Corp. - Business segments
Exhibit 259: Oracle Corp. - Key news
Exhibit 260: Oracle Corp. - Key offerings
Exhibit 261: Oracle Corp. - Segment focus
Exhibit 262: SWOT
Exhibit 263: Saudi Arabian Oil Co. - Overview
Exhibit 264: Saudi Arabian Oil Co. - Product / Service
Exhibit 265: Saudi Arabian Oil Co. - Key offerings
Exhibit 266: SWOT
Exhibit 267: Schlumberger Ltd. - Overview
Exhibit 268: Schlumberger Ltd. - Business segments
Exhibit 269: Schlumberger Ltd. - Key news
Exhibit 270: Schlumberger Ltd. - Key offerings
Exhibit 271: Schlumberger Ltd. - Segment focus
Exhibit 272: SWOT
Exhibit 273: Shell plc - Overview
Exhibit 274: Shell plc - Business segments
Exhibit 275: Shell plc - Key news
Exhibit 276: Shell plc - Key offerings
Exhibit 277: Shell plc - Segment focus
Exhibit 278: SWOT
Exhibit 279: Siemens AG - Overview
Exhibit 280: Siemens AG - Business segments
Exhibit 281: Siemens AG - Key news
Exhibit 282: Siemens AG - Key offerings
Exhibit 283: Siemens AG - Segment focus
Exhibit 284: SWOT
Exhibit 285: Inclusions checklist
Exhibit 286: Exclusions checklist
Exhibit 287: Currency conversion rates for US$
Exhibit 288: Research methodology
Exhibit 289: Information sources
Exhibit 290: Data validation
Exhibit 291: Validation techniques employed for market sizing
Exhibit 292: Data synthesis
Exhibit 293: 360 degree market analysis
Exhibit 294: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global global ai and ml in oil and gas market: ABB Ltd., Accenture PLC, Baker Hughes Co., Beyond Limits, BP Plc, C3.ai Inc., Exxon Mobil Corp., Google LLC, Halliburton Co., IBM Corp., Microsoft Corp., Oracle Corp., Saudi Arabian Oil Co., Schlumberger Ltd., SensorUp Inc., Shell plc, Siemens AG, SparkCognition Inc., TechnipFMC plc.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of generative ai and large language models for knowledge management."

According to the report, one of the major drivers for this market is the imperative for enhanced operational efficiency and cost reduction.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Ltd.
  • Accenture PLC
  • Baker Hughes Co.
  • Beyond Limits
  • BP Plc
  • C3.ai Inc.
  • Exxon Mobil Corp.
  • Google LLC
  • Halliburton Co.
  • IBM Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • Saudi Arabian Oil Co.
  • Schlumberger Ltd.
  • SensorUp Inc.
  • Shell plc
  • Siemens AG
  • SparkCognition Inc.
  • TechnipFMC plc