United States Artificial Intelligence (AI) Market Size More Than Doubles at Significant CAGR of 12.07% to Surpass USD 238 Billion by 2030

Published | 27 February 2024

United States Artificial Intelligence (AI) Market is booming due to rapid adoption of technological advancements, an increasing demand for automation, rising investments in AI research and development, and growing AI applications across various industries.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the United States Artificial Intelligence (AI) Market size at USD 107.2 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the United States Artificial Intelligence (AI) Market size to grow at a CAGR of 12.07% reaching a value of USD 238.01 billion by 2030. The United States Artificial Intelligence (AI) Market is propelled by the surge in digitalization and widespread dependence on smart devices, fostering the integration of AI systems. The trend enhances operational efficiency through robust data analysis. Notably, companies like Netflix leverage AI-driven insights for personalized user recommendations based on viewing history. The United States Artificial Intelligence (AI) Market is further buoyed by the escalating demand for intelligent virtual assistants, the rising adoption of AI-powered industrial and surgical robots, and the expansive growth of 5G infrastructure.

Opportunity – Ethical AI mandates

In an era where ethical considerations hold paramount importance, the United States Artificial Intelligence (AI) market records accelerated growth, driven by a surge in ethical AI development. As businesses and consumers increasingly prioritize responsible AI practices, the demand for ethically aligned technologies is soaring. This conscientious shift not only fosters public trust but also amplifies the adoption of AI solutions across industries. With regulatory bodies emphasizing ethical AI mandates, companies are compelled to invest in morally sound AI, propelling the market's robust expansion and ensuring a harmonious integration of cutting-edge technology into society.

Impact of Escalating Geopolitical Tensions on United States Artificial Intelligence (AI) Market

Escalating geopolitical tensions can significantly impact the United States Artificial Intelligence (AI) Market. Increased trade restrictions and strained international relations may disrupt the global supply chain for AI components and hinder collaborations on research and development programs on AI. For instance, the United States-China trade conflict has already affected the AI sector, with restrictions on technology transfer and intellectual property concerns. These tensions can impede cross-border talent flow, affecting the diverse pool of skilled professionals contributing to the United States AI ecosystem. Additionally, market uncertainty and potential regulatory changes in response to geopolitical events may lead to investment fluctuations, impacting the growth trajectory of the United States Artificial Intelligence (AI) Market.

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United States Artificial Intelligence (AI) Market  

Segmental Coverage

United States Artificial Intelligence (AI) Market – By Solution

Based on solution, United States Artificial Intelligence (AI) Market is divided into Hardware, Software, and Solution segments. The software segment dominates the United States Artificial Intelligence (AI) Market. The dominance of software segment is driven by advancements in information storage, robust computing power, and parallel processing capabilities, enabling the provision of cutting-edge services. The segment's prowess lies in extracting data, offering real-time insights, and facilitating decision-making, positioning it as a major player in the market. Artificial Intelligence (AI) software solutions encompass diverse libraries for creating and deploying applications, featuring primitives, linear algebra, inference, sparse matrices, video analytics, and various hardware communication capabilities. Anticipated growth stems from enterprises seeking to comprehend and analyze visual content for meaningful insights, bolstering the adoption of AI software in the coming years.

United States Artificial Intelligence (AI) Market – By Technology

Based on technology, United States Artificial Intelligence (AI) Market is divided into Deep Learning, Machine Learning (ML), Natural Language Processing (NLP), and Machine Vision segments. Deep learning is the largest technology segment in the United States Artificial Intelligence (AI) Market. The dominance of deep learning emanates from its intricate applications fueled by data, encompassing audio, video, and text recognition. The continuous technological advancements in deep learning are poised to address challenges associated with high data volumes. Additionally, the increasing adoption of deep learning in the medical field is expected to amplify segment growth. Simultaneously, machine learning plays a pivotal role in AI investments, fostering applications like hypothesis generation, clustering, altering, tagging, visualization, and navigation. Notably, on-premises hardware and cloud computing contribute significantly to data analytics platforms, with substantial investments from tech giants promising future market expansion.

Competitive Landscape

United States Artificial Intelligence (AI) Market is fiercely competitive. Major companies in the market include Microsoft Corporation, Amazon.com, Inc., IBM Corporation, Alphabet Inc. (Google LLC), SAP SE, Rockwell Automation, Inc., Micron Technology, Inc., General Electric Company, and Intel Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the United States Artificial Intelligence (AI) Market.

Don’t miss the business opportunity United States Artificial Intelligence (AI) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Artificial Intelligence (AI) Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in United States Artificial Intelligence (AI) Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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