U.S. Artificial Intelligence (AI) Market

Artificial Intelligence (AI) is a wide range of computer science engaged in the development of intelligent machines capable of performing tasks that usually require human intelligence. AI is a perfect blend of several technologies such as machine learning and deep learning leading to the creation of intellectual hardware and software that accomplished in problem-solving and learning. It is creating a conceptual change in virtually every sector of the technology industry.

The major factors driving the growth of the Artificial intelligence (AI) market in the United States are the increasing number of internet users and connected devices. Additionally, the presence of various multi-national companies and rising investment in Artificial Intelligence by the government and prominent technocrats in the country are driving the AI market growth in the United States. For instance, in Feb 2019, US President Trump signed Executive Order 13859, announcing the American AI Initiative to endorse and protect national AI technology and innovation. U.S. government launched a website “AI.gov” dedicated to hosting initiative involving the ongoing efforts to develop, execute, and regulate artificial intelligence. Moreover, increasing consumer demand for higher-quality and personalized AI-enhanced products and services will further fuel the market growth of AI in the U.S. Increased adoption of Machine Learning (ML) application across several industries, especially in Manufacturing Industry also is propelling the market growth. However, rising data security concerns and unreliability of the AI Algorithm are restraining the market growth.

Various notable players in the U.S. AI market include Microsoft Corporation, Google LLC, Amazon Web Service, IBM Corporation, Apple, Inc., Salesforce.com, Inc., Intel Corporation, Facebook, Inc., NVIDIA Corporation, Qlik Technologies and among others.

The U.S. Artificial Intelligence (AI) market is segmented into technology, offering, and end-user. Based on the offering, the market has been segmented into hardware, software, and services. Based on the technology, the market has been segmented into machine learning, natural language processing (NLP), machine vision, and others. Based on the end-user, the market has been segmented into healthcare, BFSI, retail, manufacturing, automotive, agriculture, media & entertainment, and others.

Key questions answered in this research report:

• •  At what pace is the U.S. AI market growing? What will be a growing trend in the future?
  •  What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  •  What are the various application areas and how they are poised to grow?

Market Segmentation

U.S. Artificial Intelligence (AI) Market by Offering

• • Hardware
  • Software
  • Services

U.S. Artificial Intelligence (AI) Market by Technology

• • Machine Learning
    • Deep Learning
    • Others
  • Natural Language Processing (NLP)
  • Machine Vision
  • Others

U.S. Artificial Intelligence (AI) Market by End-User

• • Healthcare
  • BFSI
  • Retail
  • Manufacturing
  • Automotive & Transportation
  • Agriculture
  • Media & Entertainment
  • Others