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Report
United States Artificial Intelligence Market Report and Forecast 2024-2032
Market Report I 2024-04-16 I 176 Pages I EMR Inc.
United States Artificial Intelligence Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States artificial intelligence market size reached a value of USD 33.96 billion in 2023. Aided by the rapid digitisation across sectors, significant advancements in machine learning and cognitive technologies, and the escalating demand for AI-driven solutions to enhance operational efficiency and consumer experience, the market is projected to further grow at a CAGR of 25.5% between 2024 and 2032 to reach a value of USD 268.65 billion by 2032.
Artificial Intelligence has become a pivotal force in reshaping industrial sectors, enabling businesses to unlock new opportunities, drive innovation, and maintain a competitive edge in the digital era. From healthcare and finance to automotive and retail, AI's application spans a wide array of fields, offering solutions that range from predictive analytics and customer service automation to advanced robotics and intelligent systems.
As per the United States artificial intelligence market analysis, the burgeoning amount of data generated by digital platforms serves as a foundational element for AI and machine learning algorithms, providing the raw material for insight, prediction, and automation. Moreover, the increasing investment by both public and private sectors in AI research and development initiatives is significantly propelling the market forward. The integration of AI in consumer electronics, particularly through voice assistants and smart home devices, has also played a crucial role in familiarising the wider public with AI technologies, thereby driving demand. Additionally, the critical need for AI in addressing complex societal challenges, such as healthcare diagnostics, climate change modelling, and cybersecurity, underscores its growing importance.
A notable trend boosting the United States artificial intelligence market growth is the ethical and responsible use of AI, with an increasing focus on transparency, fairness, and accountability in AI systems. This reflects a broader societal and regulatory push to ensure AI technologies are developed and deployed in a manner that respects privacy rights and promotes social good. Another significant trend is the rise of edge AI, where AI algorithms are processed locally on devices rather than in a centralised cloud. This approach reduces latency, enhances privacy, and enables real-time decision-making in applications such as autonomous vehicles and industrial IoT.
The automotive sector in the United States is increasingly adopting AI to develop autonomous vehicles and enhance ADAS features, which contributes to the United States artificial intelligence market share. AI algorithms process data from sensors and cameras in real-time to make decisions, navigate traffic, and improve vehicle safety. This trend not only highlights the potential of AI in transforming transportation but also underscores the collaborative efforts between tech companies and automotive manufacturers to push the boundaries of AI applications.
As cyber threats become more sophisticated, AI is playing a crucial role in enhancing cybersecurity measures and propelling the United States artificial intelligence market expansion. Machine learning algorithms can analyse patterns in data to detect anomalies, predict potential threats, and automate responses to security incidents. This trend reflects the growing importance of AI in safeguarding digital infrastructures and sensitive information against increasingly complex cyberattacks.
AI-powered chatbots and virtual assistants in the artificial intelligence market in the United States are revolutionising customer service by providing personalised, efficient, and scalable solutions. These conversational AI technologies leverage natural language processing (NLP) and machine learning to understand and respond to customer inquiries, automate routine tasks, and improve customer engagement.
Technological advancements in AI hardware, including faster processors and specialised chips designed for AI workloads, are enhancing the capabilities and efficiency of AI systems. As per the United States artificial intelligence market outlook, this, coupled with the proliferation of cloud computing, which provides scalable resources for AI computations, further accelerates market growth.
Market Segmentation
The market can be divided based on component, technology, system, end use, and region.
Market Breakup by Component
- Solution
- Services
Market Breakup by Technology
- Machine Learning
- Deep Learning
- Natural Language Processing (NLP)
- Machine Vision
Market Breakup by System
- Intelligence Systems
- Decision Support Processing
- Hybrid Systems
- Fuzzy Systems
Market Breakup by End Use
- BFSI
- Healthcare
- Automotive and Transportation
- Retail
- Manufacturing
- Advertising and Media
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States artificial intelligence market. Some of the major players explored in the report by Expert Market Research are as follows:
- IBM Corp.
- Alphabet Inc.
- Intel Corp.
- Microsoft Corp.
- NVIDIA Corporation
- Advanced Micro Devices, Inc.
- Atomwise Inc.
- Clarifai, Inc.
- Enlitic, Inc.
- Hyperverge, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Artificial Intelligence Market Overview
8.1 Key Industry Highlights
8.2 North America Artificial Intelligence Historical Market (2018-2023)
8.3 North America Artificial Intelligence Market Forecast (2024-2032)
8.4 North America Artificial Intelligence Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Artificial Intelligence Market Overview
9.1 Key Industry Highlights
9.2 United States Artificial Intelligence Historical Market (2018-2023)
9.3 United States Artificial Intelligence Market Forecast (2024-2032)
10 United States Artificial Intelligence Market by Component
10.1 Solution
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Services
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States Artificial Intelligence Market by Technology
11.1 Machine Learning
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Deep Learning
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Natural Language Processing (NLP)
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Machine Vision
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 United States Artificial Intelligence Market by System
12.1 Intelligence Systems
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Decision Support Processing
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Hybrid Systems
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Fuzzy Systems
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 United States Artificial Intelligence Market by End Use
13.1 BFSI
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Healthcare
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Automotive and Transportation
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Retail
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Manufacturing
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Advertising and Media
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Others
14 United States Artificial Intelligence Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 IBM Corp.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Alphabet Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Intel Corp.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Microsoft Corp.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 NVIDIA Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Advanced Micro Devices, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Atomwise Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Clarifai, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Enlitic, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Hyperverge, Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Artificial Intelligence Market: Key Industry Highlights, 2018 and 2032
2. United States Artificial Intelligence Market: Key Industry Highlights, 2018 and 2032
3. United States Artificial Intelligence Historical Market: Breakup by Component (USD Billion), 2018-2023
4. United States Artificial Intelligence Market Forecast: Breakup by Component (USD Billion), 2024-2032
5. United States Artificial Intelligence Historical Market: Breakup by Technology (USD Billion), 2018-2023
6. United States Artificial Intelligence Market Forecast: Breakup by Technology (USD Billion), 2024-2032
7. United States Artificial Intelligence Historical Market: Breakup by System (USD Billion), 2018-2023
8. United States Artificial Intelligence Market Forecast: Breakup by System (USD Billion), 2024-2032
9. United States Artificial Intelligence Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. United States Artificial Intelligence Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. United States Artificial Intelligence Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States Artificial Intelligence Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. United States Artificial Intelligence Market Structure
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