IMARC Group, a leading market research company, has recently releases report titled “United States Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the United States artificial intelligence market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the United States artificial intelligence market?
| Report Attributes | Details |
| Market Size in 2021 | US$ 19,248.7 Million |
| Market Forecast in 2027 | US$ 93,073.4 Million |
| Growth rate (2022 to 2027) | CAGR of 29.1% |
| Base Year of the Analysis | 2021 |
| Forecast Period | 2022-2027 |
What is artificial intelligence?
Accomplishing tasks and improving functions through various information. It relies on cognitive skills, such as learning, reasoning, and self-correction, to perform several tasks efficiently. It enhances the performance and productivity of large enterprises by increasing the efficiency of detail-oriented and repetitive tasks and delivering consistent and appropriate results. It assists businesses in reducing production management tasks, detecting and solving security intrusions, and managing technological complications. It also enhances customer service by answering frequently asked questions (FAQs), providing customized suggestions, and cross-selling products to improve company sales.
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What are the growth prospects and trends in the United States artificial intelligence?
A high digital dependence of businesses for enhancing their productivity represents one of the major factors driving the market in the United States. In addition, there is a rise in the adoption of AI in various organizations to provide customized services for improving customer engagement in the country. This, along with technological advancements in AI, such as faster speech and natural language processing, is strengthening the growth of the market in the US. Moreover, the rising reliance on hyper-personalized marketing strategies offered by AI to provide real-time data-oriented decisions, improve profitability, decrease expenses, and enhance customer experience are positively influencing the market in the country.
Apart from this, the increasing utilization of AI-driven automation in various industries, such as healthcare, aviation, agriculture, and finance, to achieve precision in repetitive and complicated tasks is propelling the growth of the market. Furthermore, rising investments by key market players in open-source AI platforms to increase efficiency in their value chain are expected to bolster the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Narrow/Weak Artificial Intelligence
- General/Strong Artificial Intelligence
Breakup by Offering:
- Hardware
- Software
- Services
Breakup by Technology:
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
- Others
Breakup by System:
- Intelligence Systems
- Decision Support Processing
- Hybrid Systems
- Fuzzy Systems
Breakup by End-Use Industry:
- Healthcare
- Manufacturing
- Automotive
- Agriculture
- Retail
- Security
- Human Resources
- Marketing
- Financial Services
- Transportation and Logistics
- Others
Breakup by Geography:
- Northeast
- Midwest
- South
- West
Who are the key players operating in the industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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