The US Artificial Intelligence market is estimated to grow significantly at a CAGR of 35.9% during the forecast period. The factors that are contributing significantly to the market growth include investments in R&D, high information and technology expenditure, and the presence of key players. The favorable government initiatives in product development and innovation along with the collaboration between the private and government sector to develop AI technology in the country. The country has well-developed information communication technology (ICT) and employs the adoption of a large number of connected devices.
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Moreover, the presence of major AI manufacturers in the country such as Microsoft, IBM, and Google further gives a boost to the growth of the market. In addition, the growth in the US market is further attributed to the higher sale of AI-enabled home appliances. The market is segmented on the basis of offering and end-user industry. Based on offering, the market is divided into software & services and hardware. The market for software and services was the highest market during the forecast period. Based on the end-user industry, the market is segmented into manufacturing, automotive, IT and BFSI, healthcare, e-commerce & logistics, home appliances, and others.
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US Artificial Intelligence Market Segmentation
• Software & Services
By End-User Industry
• IT and BFSI
• E-Commerce & Logistics
• Home Appliances
• Other (Agriculture, Energy & Utilities, Media & Entertainment, Education)
• AIBrain, Inc.
• Amazon.com, Inc.
• Apple Inc.
• Cisco Systems, Inc.
• Fitbit, Inc
• Google LLC
• IBM Corp.
• Microsoft Corp.
• Oracle Corp.
• Rokid Inc.
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