United States Artificial Intelligence Market to Grow at 26.4% During 2023-2028, Impelled by Continual Technological Advancements

According to the latest report by IMARC Group, titled "United States Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the United States artificial intelligence market is expected to grow at a CAGR of 26.4% during 2023-2028. Artificial Intelligence (AI) refers to the advanced technology that is a simulation of human intelligence. It involves the use of computer systems and algorithms to perform multiple tasks that require human intelligence, including decision-making, speech recognition, translation, and visual perception. Along with this, it also assists in analyzing the pattern and correlation of data in order to predict future business performances. Additionally, it is widely utilized for customer services, recommendation engines, and automated stock trading. As a result, it helps in managing repetitive tasks, research and data analysis, and smart decision-making with enhanced accuracy and precision.
 

United States Artificial Intelligence Market Trends:

The market in the United States is primarily driven by significant growth in the information technology (IT) sector. Along with this, continual technological advancements in the sector are creating a positive outlook for the market. This has encouraged multiple businesses across the United States to deploy AI solutions in order to streamline their business processes, which is providing an impetus to the market growth. Moreover, the rising investments by leading players in the market to equip AI with home assistant devices and consumer appliances for offering enhanced convenience to the users are contributing to the market growth. The market is further driven by the increasing integration of surgical robots with AI to increase their precision and flexibility while minimizing human errors. Some of the other factors contributing to the market growth across the country include the rapid expansion of the 5G infrastructure and extensive research and development (R&D) activities conducted by key players.
 

Market Summary: 

• On the basis of the type, the market has been bifurcated into narrow/weak artificial intelligence and general/strong artificial intelligence.
• Based on the offering, the market has been categorized into hardware, software, and services.
• On the basis of the technology, the market has been segmented into machine learning, natural language processing, context-aware computing, computer vision and others.
• Based on the system, the market has been segregated into intelligence systems, decision support processing, hybrid systems, and fuzzy systems.
• On the basis of the end-use industry, the market has been classified into healthcare, manufacturing, automotive, agriculture, retail, security, human resources, marketing, financial services, transportation and logistics and others.
• Based on the region, the market has been divided into Northeast, Midwest, South and West.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

Report Scope:

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