Growing demand for automated vehicles along with the emergence of industry 4.0 will drive the growth of the United States artificial intelligence market during the forecast period.
According to TechSci Research report, “United States Artificial Intelligence Market – By Region, Competition, Forecast, and Opportunities, 2018-2028,” the recent expansion of the United States artificial intelligence (AI) industry has been noticeably aided by the quick uptake of digital and internet-based technologies. The gigantic advancement and research expenditures made by the IT behemoths are continually accelerating technical development across a wide range of businesses. The United States artificial intelligence market is expanding at a rapid rate due to the increased popularity of numerous life-saving healthcare gadgets and the self-driving functionality in new electric vehicles.
From workflow management solutions to trend forecasting and even the way companies buy advertising, AI is being used for so many things and boosting productivity as never before. It also improves organizational efficiency while lowering the risk of a mistake, and it identifies unusual patterns, such as spam and frauds, instantaneously to alert organizations about suspicious behavior, among other things.
Moreover, with the emergence of industry 4.0, AI is being utilized in various industries, including healthcare, finance, and manufacturing, which is likely to augment the adoption of AI across the country during the forecast period.
In healthcare areas, including diagnosis, public health, clinical decision-making, social control, therapeutics, vaccine development, surveillance, combination with big data, operation of core clinical services, and management of COVID-19 patients, AI has been used extensively. Rapid diagnosis, accurate prediction, improved monitoring, and efficient treatments are the most critical measures to control the spread of the pandemic. As a result, significant pressure on the limited medical resources caused by the COVID-19 pandemic, which has increased demand for artificial intelligence in the coming years.
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The United States artificial intelligence market is segmented into type, technology, deployment, industry, and region. Based on type, the market is segmented into strong AI and weak AI. Based on technology, the market is segmented into machine learning, deep learning, natural language processing, computer vision, and others. Based on deployment, the market is segmented into clouds and on-premises. Based on industry, the market is segmented into healthcare, retail & e-commerce, logistics and transportation, manufacturing, consumer electronics, BFSI, and others. Based on region, the market is segmented into Northeast, Southwest, West, Southeast, and Midwest.
On the basis of industry, the manufacturing segment is dominating the United States artificial intelligence market. The development of 4IR technologies will mark the beginning of the era of intelligent manufacturing and digital factories. According to the International Federation of Robotics (IFR), there were already 2.7 million industrial robots working in industries throughout the world in 2020, and the trend is expected to continue as digitization initiatives grow significantly. Additionally, to further reduce production costs and speed up time to market, manufacturers will keep investing in technologies such as AI and machine learning. The use of technology such as artificial intelligence that automate activities, anticipate interruptions, and provide end-to-end control of all operations can help manufacturers build more resilient firms in the wake of a worldwide pandemic.
Major market players operating in the United States artificial intelligence market are:
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“Factors such as the increase in healthcare facilities following the COVID-19 pandemic, rising automation, and the quick uptake of machine learning have led to an increase in the adoption of AI technology despite the general lack of familiarity with it. On the other hand, AI is evolving to do jobs more effectively that were previously completed using conventional methods. Additionally, in the future, optimizing data and information processing power will depend more heavily on AI scenario planning. AI innovations may lead to the development of fresh and perceptive scenario-related models to handle outside inducements. Future AI can enable tactical decisions in real-time, simulate realistic scenarios without human involvement, and provide more novel and superior internal and external applications for prediction,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Artificial Intelligence Market – By Type (Strong AI, Weak AI), By Technology (Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, and Others) By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail & E-Commerce, Logistics & Transportation, Manufacturing, Consumer Electronics, BFSI, and Others), By Region, Competition, Forecast, and Opportunities, 2018-2028,” has evaluated the future growth potential of the United States artificial intelligence market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States artificial intelligence market
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