According to the latest report by IMARC Group, titled “United States Artificial Intelligence Market Size: Industry Share, Trends, Growth Rate, Opportunity and Forecast 2022-2027,” the united states artificial intelligence market size reached US$ 19,248.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 93,073.4 Million by 2027, exhibiting a growth rate (CAGR) of 29.1% during 2022-2027.
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.
United States Artificial Intelligence Market Trends:
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.
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United States Artificial Intelligence Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on region, type, offering, technology, system, end-use industry.
Breakup by Type:
- Narrow/Weak Artificial Intelligence
- General/Strong Artificial Intelligence
Breakup by Offering:
Breakup by Technology:
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
Breakup by System:
- Intelligence Systems
- Decision Support Processing
- Hybrid Systems
- Fuzzy Systems
Breakup by End-Use Industry:
- Human Resources
- Financial Services
- Transportation and Logistics
Breakup by Region:
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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