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Upstream Oil and Gas Analytics Market Forecast 2025-2034 | Industry Trends, Key Growth Drivers, Challenges, Future Opportunities and Regulatory Landscape [Yahoo! Finance]
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The Upstream Oil and Gas Analytics Market was valued at USD 4.4 billion in 2024, and is projected to reach USD 38.1 billion by 2034, rising at a CAGR of 24.2%. This growth is driven by significant investments in infrastructure and advancements in energy source development, particularly within the oil and gas sector. With increasing global demand for electricity, there is a surge in the extraction of energy resources, leading to a heightened focus on oil and gas exploration to meet the growing needs across residential, commercial, and industrial sectors. Economic growth and urbanization have also contributed to a steady rise in energy demand, prompting governments and energy companies to enhance exploration and production efforts. The integration of artificial intelligence (AI) within oil and gas operations, aimed at improving productivity and efficiency, is becoming more widespread, with many companies investing in AI-driven tools and analytics. As more organizations turn to cloud
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