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United States Artificial Intelligence Market Size, Share: By Component: Solution, Services; By Technology: Machine Learning, Deep Learning, Natural Language Processing (NLP), Machine Vision; By System: Intelligence Systems, Decision Support Processing, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
United States Artificial Intelligence Market Outlook
The United States artificial intelligence market size reached approximately USD 33.96 billion in 2023. The market is further projected to grow at a CAGR of 25.5% between 2024 and 2032, reaching a value of USD 268.65 billion by 2032.
Key Trends in the Market
Artificial intelligence refers to the branch of computer science that is involved in the development of smart machines that can perform tasks that generally require human intelligence. Artificial intelligence is an umbrella term that encompasses different technologies such as natural language processing (NLP), machine learning, and deep learning.
- The increasing adoption of artificial intelligence by the healthcare sector for assisting medical professionals and staff, providing 24/7 patient services, and reducing the risk of human error is boosting the United States artificial intelligence market growth. Artificial intelligence also aids in streamlining various tasks and analysing population health trends.
- The growing popularity of smart homes and rising development of smart cities along with increasing investments in artificial intelligence startups is providing lucrative growth opportunities to the market. Smart homes powered by artificial intelligence support the simplification of day-to-day tasks, such as energy management and optimisation and personal lighting and ambience control, among others.
- The expansion of the robotics sector is expected to positively influence the market growth. Machine learning enables robots to perform and learn various tasks by mimicking and observing human actions. Artificial intelligence provides robots with computer vision that allows them to determine, navigate, and detect their reactions accordingly.
United States Artificial Intelligence Market Analysis
On the basis of component, the market is bifurcated into solution and services. Based on technology, the market is segregated into machine learning, deep learning, natural language processing (NLP), and machine vision. On the basis of system, the market is classified into intelligence systems, decision support processing, hybrid systems, and fuzzy systems.
Based on end use, the market is categorised into BFSI, healthcare, automotive and transportation, retail, manufacturing, and advertising and media, among others. On the basis of region, the United States artificial intelligence market segmentation includes New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- IBM Corp.
- Alphabet Inc.
- Intel Corp.
- Microsoft Corp.
- NVIDIA Corporation
- Advanced Micro Devices, Inc.
- Atomwise Inc.
- Clarifai, Inc.
- Enlitic, Inc.
- Hyperverge, Inc.
- Others
Market Share by Technology
Deep learning is anticipated to account for a significant United States artificial intelligence market share. Deep learning is finding increasing applications across the pharmaceutical and healthcare sectors in drug discovery, medical imaging and diagnostics, simplification of clinical trials, provision of personalised treatments, and health insurance fraud detection, among others. Deep learning algorithms aid in easy processing of clinical, genomic, and population data and allows researchers to perform faster predictive analysis and molecular modelling.
Market Share by End User
The BFSI sector is witnessing a significant utilisation of artificial intelligence owing to the rising requirement for compliance and risk applications and supervisory and regulatory technologies. The utilisation of artificial intelligence is also increasing by financial institutions for risk management. The AI technology further aids the BFSI sector in implementing fraud preventions, preventing systemic failures, and lower operational risks, among others, bolstering the United States artificial intelligence market demand.
Competitive Landscape
IBM Corp., headquartered in New York, United States, is a multinational technology corporation that specialises in artificial intelligence, resiliency services, technology support, IT infrastructure, and internet of things, among others.
Alphabet Inc., headquartered in California, United States, is a multinational technology company specialising in artificial intelligence, automation, cloud computing, robotics, and software, among others. Alphabet is also the parent company to a diverse set of subsidiaries including Google, Galico, and Verily Life Sciences, among others.
Intel Corp. is a semiconductor manufacturing company that was founded in 1968 and is headquartered in California, United States. The company also specialises in autonomous driving, artificial intelligence, and non-volatile memory solutions, among others.
Other United States artificial intelligence market key players include Microsoft Corp., NVIDIA Corporation, Advanced Micro Devices, Inc., Atomwise Inc., Clarifai, Inc., Enlitic, Inc., and Hyperverge, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Technology |
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| Breakup by System |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
Key Questions Answered in the Report
The market reached a value of approximately USD 33.96 billion in 2023.
The market is projected to grow at a CAGR of 25.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 268.65 billion by 2032.
The major market drivers include expansion of the robotics sector and rising utilisation of artificial intelligence by financial institutions for risk management.
The key trends fuelling the growth of the market include increasing adoption of artificial intelligence by the healthcare sector and growing popularity of smart homes and rising development of smart cities.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The end uses of artificial intelligence include BFSI, healthcare, automotive and transportation, retail, manufacturing, and advertising and media, among others.
The key players in the market are IBM Corp., Alphabet Inc., Intel Corp., Microsoft Corp., NVIDIA Corporation, Advanced Micro Devices, Inc., Atomwise Inc., Clarifai, Inc., Enlitic, Inc., and Hyperverge, Inc., among others.
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