According to the latest report by IMARC Group, titled “United States Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The United States artificial intelligence market size reached US$ 19,248.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 93,073.4 Million by 2027, exhibiting a growth rate (CAGR) of 29.1% during 2022-2027.

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 report has also analysed the competitive landscape of the market 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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Us Artificial Intelligence Market Size, Trends & Forecast 2022-27