AI In Oil And Gas Market Share

Market Share of AI In Oil And Gas Industry

The AI in the oil and gas market is moderately competitive and consists of a few major players holding the market share. The market has been witnessing growth in the number of existing and new companies expanding their AI technology-based business portfolio, making it moderately fragmented. The companies continuously invest in the strategic priority to broaden, complement, and enhance their product and service offerings, add new customers and certified personnel, and help expand sales channels.

• January 2023 - C3 AI, an AI application software company, has announced the launch of the C3 Generative AI Product Suite with the release of its initial product, C3 Generative AI for Enterprise Search. C3 AI's pre-built AI applications in the C3 Generative AI Product Suite include advanced transformer models, making it easier for customers to use them throughout their value chains. In addition, transformation efforts across business functions and industries, including the oil and gas sector, would be accelerated by C3 Generative AI.

AI in Oil and Gas Market Leaders

1. Google LLC

2. IBM Corp.

3. FuGenX Technologies Pvt. Ltd

4. Microsoft Corporation

5. Intel Corporation

*Disclaimer: Major Players sorted in no particular order