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. 

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. 

The companies which are contributing to the growth of the US AI market include Amazon.com, Inc., Google LLC, IBM Corporation, Microsoft Corporation, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in June 2019, Amazon.com Inc. launched the StyleSnap, an AI-powered shopping feature that will aid the buyers to provide fashion recommendations. The shoppers can upload a photo, that they wish to buy and present on the Amazon app and the StyleSnap will provide suggestions of similar items. Thus, this activity has aided in enhancing the revenue generation of the company.

Research Methodology

The market study of the US AI market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for IT companies, automobile companies, BFSI companies, private companies, healthcare companies, research institutes, hospitals, and government organizations for the overall market and competitive analysis. The report provides an in-depth analysis on market size, future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. US Artificial Intelligence (AI) Market Research and Analysis by Offering

2. US Artificial Intelligence (AI) Market Research and Analysis by End-User Industry

The Report Covers

• Comprehensive research methodology of the US Artificial Intelligence (AI) market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US Artificial Intelligence (AI) market.
• Insights about market determinants which are stimulating the US Artificial Intelligence (AI) market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.