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NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET FORECAST 2019-2027

North America contributed the highest share to the global Artificial Intelligence market in the year 2018. Continuing its successful streak, the market is anticipated to showcase a CAGR of 40.82% by the end of the forecast period of 2019-2027. North America leads the global Artificial Intelligence market by capturing the largest market share in terms of revenue of XX% in 2018.

NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET FORECAST 2019-2027

North America Artificial Intelligence Market by Offerings (Hardware, Software, Services) by System (Intelligence Systems, Decision Support Processing, Hybrid Systems, Fuzzy Systems) by Technology (Machine Learning, Robotics, Image Processing, Speech Recognition, Natural Language Processing, Cognitive Computing (Other Technology)) by Verticals (Technology & Telecommunications, Banking, Financial Service & Insurance, Retail, Media & Entertainment, Automotive & Transportation, Agriculture, Resources & Utilities, Manufacturing, Healthcare, Education, Other Verticals) by Geography.

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Report Summary

North America contributed the highest share to the global Artificial Intelligence market in the year 2018. Continuing its successful streak, the market is anticipated to showcase a CAGR of 40.82% by the end of the forecast period of 2019-2027.

The dominance of North American Artificial Intelligence market is attributed to the increasing number of Internet users, connected devices & rising investment by big technocrats in the region. The U.S and Canada Artificial Intelligence markets are driving growth in the North American region. Factors like rising number of internet users and huge investments by major technocrats in the U.S are influencing the demand for Artificial Intelligence. The region also enjoys the presence of several multi-national companies engaged in Artificial Intelligence research. Also, the Massachusetts Institute of technology in the U.S is collaborating with IBM Corporation to bring together nearly 100 academic scholars to research on several aspects of Artificial Intelligence, including social impact, business and hardware applications, and new algorithms.

Some of the notable market players in this region include Intel Corporation, International Business Machines Corporation (IBM) Corporation, Apple Inc., Next IT Corporation (Acquired By Verint), GE Healthcare, Microstrategy Inc., Qlik Technologies, Sizmek Inc., Uber Technologies Inc., [24]7.AI, Inc., Microsoft Corporation, Google Inc., Shell Oil Company, Ipsoft Incorporated, and NVIDIA Corporation.

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    Table of Contents

    1. RESEARCH SCOPE
      • STUDY GOALS
      • SCOPE OF THE MARKET STUDY
      • WHO WILL FIND THIS REPORT USEFUL?
      • STUDY & FORECASTING YEARS
    2. RESEARCH METHODOLOGY
      • SOURCES OF DATA
        • SECONDARY DATA
        • PRIMARY DATA
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
      • DATA TRIANGULATION
    3. EXECUTIVE SUMMARY
      • MARKET SUMMARY
      • KEY FINDINGS
        • NORTH AMERICA HOLDS THE LARGEST REVENUE CHUNK OF OVERALL MARKET
        • GROWING NUMBER OF STARTUPS IN AI MARKET
        • MACHINE LEARNING IS DOMINANT TECHNOLOGY
        • AUTOMOTIVE & TRANSPORTATION – KEY OPPORTUNISTIC VERTICAL
    1. MARKET DYNAMICS
      • MARKET DEFINITION & SCOPE
      • MARKET DRIVERS
        • RISING FUNDING & INVESTMENT IN AI TECHNOLOGY
        • INCREASED ADOPTION OF AI FOR IMPROVING CUSTOMER SERVICE EXPERIENCE
        • INTEGRATION OF BIG DATA WITH ARTIFICIAL INTELLIGENCE & MACHINE LEARNING
        • AI DRIVEN IMPROVEMENTS IS THE NEW TREND OF ENHANCING PRODUCTIVITY
      • MARKET RESTRAINTS
        • LOW RETURN ON INVESTMENT
        • COSTS ASSOCIATED WITH AI
      • MARKET OPPORTUNITIES
        • GROWING ROBOTIZATION ACROSS NUMEROUS VERTICALS
        • INCORPORATION OF AI WITH HUMAN INTELLIGENCE
        • INCREASED USE OF AI IN RESEARCH & DEVELOPMENT
      • MARKET CHALLENGES
        • LACK OF SKILLED WORKFORCE
        • VULNERABLE TO HARDWARE & SOFTWARE FAILURES
    1. MARKET BY OFFERINGS
      • HARDWARE
      • SOFTWARE
      • SERVICES
    2. MARKET BY SYSTEM
      • INTELLIGENCE SYSTEMS
      • DECISION SUPPORT PROCESSING
      • HYBRID SYSTEMS
      • FUZZY SYSTEMS
    3. MARKET BY TECHNOLOGY
      • MACHINE LEARNING
      • ROBOTICS
      • IMAGE PROCESSING
      • SPEECH RECOGNITION
      • NATURAL LANGUAGE PROCESSING
      • COGNITIVE COMPUTING (OTHER TECHNOLOGY)
    4. MARKET BY VERTICALS
      • TECHNOLOGY & TELECOMMUNICATIONS
      • BANKING, FINANCIAL SERVICE & INSURANCE
      • RETAIL
      • MEDIA & ENTERTAINMENT
      • AUTOMOTIVE & TRANSPORTATION
      • AGRICULTURE
      • RESOURCES & UTILITIES
      • MANUFACTURING
      • HEALTHCARE
      • EDUCATION
      • OTHER VERTICALS
    5. KEY ANALYTICS
      • PORTER’S FIVE FORCE ANALYSIS
        • THREAT OF NEW ENTRANTS
        • THREAT OF SUBSTITUTE
        • BARGAINING POWER OF SUPPLIERS
        • BARGAINING POWER OF BUYERS
        • INTENSITY OF COMPETITIVE RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
        • APPLICATION
        • TECHNOLOGY
        • INTEGRATION WITH EXISTING INFRASTRUCTURE
      • VALUE CHAIN ANALYSIS
        • DATA WAREHOUSE
        • ARTIFICIAL INTELLIGENCE ANALYSIS
        • SOFTWARE DEVELOPMENT
    1. GEOGRAPHICAL ANALYSIS – NORTH AMERICA
      • UNITED STATES
      • CANADA
    2. COMPETITIVE LANDSCAPE
      • CORPORATE STRATEGIES
        • PRODUCT LAUNCH
        • PARTNERSHIP & COLLABORATION
        • MERGER & ACQUISITION
        • INVESTMENTS
        • BUSINESS EXPANSION
        • JOINT VENTURES
      • COMPANY PROFILES
        • [24]7.AI, INC.
        • APPLE INC.
        • GE HEALTHCARE
        • GOOGLE INC.
        • INTEL CORPORATION
        • INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) CORPORATION
        • IPSOFT INCORPORATED
        • MICROSOFT CORPORATION
        • MICROSTRATEGY INC.
        • NEXT IT CORPORATION (ACQUIRED BY VERINT)
        • NVIDIA CORPORATION
        • QLIK TECHNOLOGIES
        • SHELL OIL COMPANY
        • SIZMEK INC.
        • UBER TECHNOLOGIES INC.

     

    LIST OF TABLES

    TABLE 1: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    TABLE 2: STARTUPS IN ARTIFICIAL INTELLIGENCE MARKET

    TABLE 3: IMPROVED CUSTOMER EXPERIENCE DUE TO ADOPTION OF AI ACROSS DIFFERENT VERTICALS

    TABLE 4: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY OFFERINGS, 2019-2027 (IN $ MILLION)

    TABLE 5: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY SYSTEM, 2019-2027 (IN $ MILLION)

    TABLE 6: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

    TABLE 7: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

    TABLE 8: OPPORTUNITY MATRIX

    TABLE 9: VENDOR LANDSCAPE

    TABLE 10: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    TABLE 11: LIST OF PRODUCT LAUNCH

    TABLE 12: LIST OF PARTNERSHIP & COLLABORATION

    TABLE 13: LIST OF MERGER & ACQUISITION

    TABLE 14: LIST OF INVESTMENTS

    TABLE 15: LIST OF BUSINESS EXPANSIONS

    TABLE 16: LIST OF JOINT VENTURES

    LIST OF FIGURES

    FIGURE 1: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY VERTICALS, 2018 & 2027 (IN %)

    FIGURE 2: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 3: REVENUE GENERATED BY MACHINE LEARNING TECHNOLOGY IN ARTIFICIAL INTELLIGENCE MARKET, 2018 & 2027 (IN $ MILLION)

    FIGURE 4: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

    FIGURE 5: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

    FIGURE 6: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY INTELLIGENCE SYSTEMS, 2019-2027 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY DECISION SUPPORT PROCESSING, 2019-2027 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY HYBRID SYSTEMS, 2019-2027 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY FUZZY SYSTEMS, 2019-2027 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY MACHINE LEARNING, 2019-2027 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY ROBOTICS, 2019-2027 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY IMAGE PROCESSING, 2019-2027 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY SPEECH RECOGNITION, 2019-2027 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY NATURAL LANGUAGE PROCESSING, 2019-2027 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY COGNITIVE COMPUTING (OTHER TECHNOLOGY), 2019-2027 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY & TELECOMMUNICATIONS, 2019-2027 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY BANKING, FINANCIAL SERVICE & INSURANCE, 2019-2027 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY MEDIA & ENTERTAINMENT, 2019-2027 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2019-2027 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY AGRICULTURE, 2019-2027 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY RESOURCES & UTILITIES, 2019-2027 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY EDUCATION, 2019-2027 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, BY OTHER VERTICALS, 2019-2027 (IN $ MILLION)

    FIGURE 28: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 29: KEY BUYING IMPACT ANALYSIS

    FIGURE 30: VALUE CHAIN ANALYSIS

    FIGURE 31: NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

    FIGURE 32: UNITED STATES ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 33: CANADA ARTIFICIAL INTELLIGENCE MARKET, 2019-2027 (IN $ MILLION)

    Segmentation

    1. GEOGRAPHICAL ANALYSIS – NORTH AMERICA
      • UNITED STATES
      • CANADA
    2. MARKET BY OFFERINGS
      • HARDWARE
      • SOFTWARE
      • SERVICES
    3. MARKET BY SYSTEM
      • INTELLIGENCE SYSTEMS
      • DECISION SUPPORT PROCESSING
      • HYBRID SYSTEMS
      • FUZZY SYSTEMS
    4. MARKET BY TECHNOLOGY
      • MACHINE LEARNING
      • ROBOTICS
      • IMAGE PROCESSING
      • SPEECH RECOGNITION
      • NATURAL LANGUAGE PROCESSING
      • COGNITIVE COMPUTING (OTHER TECHNOLOGY)
    5. MARKET BY VERTICALS
      • TECHNOLOGY & TELECOMMUNICATIONS
      • BANKING, FINANCIAL SERVICE & INSURANCE
      • RETAIL
      • MEDIA & ENTERTAINMENT
      • AUTOMOTIVE & TRANSPORTATION
      • AGRICULTURE
      • RESOURCES & UTILITIES
      • MANUFACTURING
      • HEALTHCARE
      • EDUCATION
      • OTHER VERTICALS

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