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Artificial intelligence in oil & gas market forecast to 2025 just published

Industrial Market Research

The software growth in North America is expected to drive the demand for upstream oil & gas applications. Predictive maintenance solutions have wide application for analyzing operational data such as real-time decision making & drill maintenance.

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The solution is suitable for all the streams and help in predicting accurate system status to overcome production costs and uninterrupted operations.

Furthermore, the technology also allows planning and forecasting, eliminating cost of drilling, well reservoir facility management, predictive maintenance and remote logistics.Although, lack of stringent regulation and guidelines and high AI installation costs are projected to restrain the market growth.