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U.S. Oil & Gas Analytics Market Size
- Report ID: GMI4418
- Published Date: May 2023
- Report Format: PDF
U.S. Oil & Gas Analytics Market Size
U.S. Oil & Gas Analytics Market size was valued at USD 1.8 billion in 2023 and is anticipated to grow at 24.9% CAGR from 2024 to 2032 owing to growing focus on mature oil fields and improving exploration of unconventional wells. In addition, the implementation of artificial intelligence and machine learning in oil and gas analytics platforms enables the acquisition of real-time data, resulting in a 6% to 8% improvement in efficiency.
Analytics has offered various solutions to industry players to respond to the volatile price environment and technically challenging operations across unconventional fields. The prevailing shale discoveries of new oil fields across the Permian Basin in the U.S. along with growing demand for natural gas have unlocked huge industry growth prospects. It has enabled the companies to incline toward artificial intelligence and machine learning for optimizing its ongoing operations and to assess huge data generated from various assets including pipelines, refineries, drilling rigs and production platforms.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| .S. Oil & Gas Analytics Market Size in 2023: | USD 1.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 24.9% |
| 2032 Value Projection: | USD 13.2 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 81 |
| Segments covered: | Deployment, Application, Service |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
.S. Oil & Gas Analytics Market Scope
