According to the latest report by IMARC Group, titled “United States Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the united states artificial intelligence market expected to witness robust growth during the forecast period (2021-2026).
Artificial intelligence (AI) is a field of computer science that imitates human intelligence to perform various activities in real-time. It is extensively used for multiple purposes, such as voice recognition, decision-making, visual perception, handwriting recognition, language translation, etc. Artificial intelligence has several benefits, including better adaptability, higher time-efficiency, improved accuracy, enhanced productivity, etc. As a result, it is used across various sectors, such as trade, automobile, healthcare, construction, defense, transportation, banking, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Growing digitalization has resulted in the increased usage of AI-integrated systems to analyze large amounts of data and improve overall operational efficiency across diverse industry verticals. Furthermore, the rising deployment of AI-based algorithms in e-commerce platforms for gathering specific insights is also augmenting the market growth. Additionally, the growing focus of the U.S. government for supporting the expansion of the 5G network is further propelling the demand for AI across the country. Moreover, the increasing integration of image recognition technology with optical character identification is expected to bolster the demand for AI in drones, robots, and self-driving cars, over the forecasted period.
Breakup by Type:
- Narrow/Weak Artificial Intelligence
- General/Strong Artificial Intelligence
Breakup by Offering:
- Hardware
- Software
- Services
Breakup by Technology:
- Machine Learning
- Natural Language Processing
- Context-Aware Computing
- Computer Vision
- Others
Breakup by System:
- Intelligence Systems
- Decision Support Processing
- Hybrid Systems
- Fuzzy Systems
Breakup by End-Use Industry:
- Healthcare
- Manufacturing
- Automotive
- Agriculture
- Retail
- Security
- Human Resources
- Marketing
- Financial Services
- Transportation and Logistics
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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