United States Artificial Intelligence Market Forecast & Opportunities, 2011-2021: TechSci Research Report

May 31, 2016, 11:30 ET from TechSci Research

NEW YORK, May 31, 2016 /PRNewswire/ --

Artificial Intelligence refers to the study and integration of intelligent systems which are capable of accomplishing the tasks which employ human intelligence such as visual perception, speech recognition, and decision-making. The integrated systems work on a particular set of algorithms predefined by the analysts and scientists. These algorithms act as a knowledge database to the machines. The usage of artificial intelligence is gaining momentum as the accuracy of the task performed by the system of the machine is several times higher than human beings. The major advantage of artificial intelligence is that machines or systems do not require periodic breaks, and are capable of performing the same activity repetitively. 

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United States Artificial Intelligence Market: Outlook 

The United States artificial intelligence market was in an embryonic phase in 2015. However, the market has been witnessing rapid developments on account of growing usage for image and speech recognition in consumer electronic devices such as smartphones, tablets, smart wearables, smart TV, etc.

The competitive landscape of the market is highly fragmented as there is a significant year on year increase in the number of technology start-ups emerging in this market. These start-ups are majorly backed by angel investors and venture capitalists.

The investments in the artificial intelligence applications such as machine learning, natural language processing, cyber security, robotics, and automation are registering a sharp increase.

United States Artificial Intelligence Market: Key Drivers 

Artificial intelligence market is burgeoning on account of growing venture capital investment. The major venture capitalist active in the artificial intelligence market are Accel, General Catalyst Partners, GV, Work-Bench, Promus Ventures, Kleiner Perkins Caufield & Byers, Khosla Ventures, Samsung Electronics, Wipro Technologies, Samsung Global Innovation Center, Goldman Sachs, Bank of America Merrill Lynch, Formation 8, and so on.

In addition, to growing series of acquisition by technology giants such as Apple, Google, Amazon, IBM, Microsoft. etc. to enhance their research and development activities in artificial intelligence space is driving the United States artificial intelligence market. For instance, Apple major acquisition in artificial intelligence market includes Perceptio (machine learning and image recognition company), VocalIQ (speech recognition), and Faceshift (image recognition).

Moreover, growing installation of speech recognition, image recognition, and natural language processing artificial intelligence applications in consumer electronic devices are stimulating the artificial intelligence market in the United States. Autonomous vehicle market is also contributing significantly to the growing demand for artificial intelligence.

United States Artificial Intelligence Market: Emerging Trends 

The artificial intelligence market is an innovation driven market. The usage of artificial intelligence applications across the industry verticals such as healthcare, consumer electronics, space exploration, fraud detection, record keeping, etc. is fueling innovation in the artificial intelligence market.

Artificial intelligence is increasingly finding usage in detection of cancer, cancer imaging and identifying the patterns of neurological ailments in the country. In addition, integration of intelligent machine learning tools as a surgery simulator in the prominent medical institutes are minimizing the risks of false diagnosis thereby, reducing the risks of intra-operative complications.

Amalgamation of artificial intelligence with cyber security is proving to be a robust cyber defense mechanism in the country. Artificial intelligence supported by real time analytics deciphers the pattern of cyber-attacks and shields the critical infrastructure of the country from cyber-attacks on real time basis. During 2016-18 the Government of the United States is anticipated to invest around US$ 32 billion on cyber security which is projected to drive the artificial intelligence use in cyber security.

United States Artificial Intelligence Market: Segmentation 

The United States Artificial Intelligence Market can be segmented on the basis of Application, End User, and Region.

Based on the Application, the United States Artificial Intelligence Market can be divided into the following segments:

  • Speech Recognition
  • Image Recognition
  • Natural Language Processing
  • Gesture Control
  • Cyber Security
  • Others (Robotics, Virtual Personal Assistant, Querying, Video Analysis, Context Aware Processing, Image Processing)

Based on the End User, the United States Artificial Intelligence Market can be divided into the following segments:

  • Consumer Electronics
  • Security & Access Control
  • Transport
  • Healthcare
  • Federal Government
  • Others (BFSI, Oil & Gas, Power and Utilities, Taxation and Judiciary, Retail, etc.)

Based on the Region, the United States Artificial Intelligence Market can be divided into the following segments:

  • North- East
  • Mid-West
  • South
  • West

United States Artificial Intelligence Market: Key Players 

Leading players in the United States Artificial Intelligence market include Apple, Google, Microsoft, IBM, Kensho Technologies, Nuance Corporation, IPsoft, Next IT Corporation, etc.

Information on these key players is covered in the United States Artificial Intelligence Market report. The report provides detailed company profiles including key segments including business segments, product offerings, financial facts and figures along with the historical data and operating history of the company.

Why Should You Buy This Report? 

  • To gain an in-depth understanding of the United States Artificial Intelligence Market
  • To identify the on-going trends and anticipated growth over next five years
  • To help industry consultants, and artificial intelligence based solution providers to align their market-centric strategies
  • To obtain research-based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

The report is an outcome of in-depth secondary and primary research by industry experts. This market research report is a strategic guide to market players offering artificial intelligence solutions. The key trends and growth drivers, challenges, end user industry adoption trends, etc. have been taken into consideration before devising the United States as well as the country's regional market size and market share in the artificial intelligence. The report discusses in detail about the reasoning behind current market growth as well as historical market size and analysis, along with the forecast market size and key reasons and analysis for the same.

Report Highlights: 

  • Market Size & Forecast
  • Market Share & Forecast - By Application, By End User, By Company, By Region
  • Regional & Segmental Analysis
  • Emerging Trends & Upcoming Opportunities
  • Market Attractiveness Index
  • Competitive Landscape
  • Strategic Recommendations

Key Questions This Study Will Answer 

  • What is artificial intelligence and how the market will grow in the United States?
  • Which are the key opportunity areas to invest in the market?
  • What are the key drivers which will take the market to next level?
  • What are the challenges prevailing in the market?
  • Which are the dominating regions in the country and how these regions will grow in the coming years?
  • Which are the key players providing artificial intelligence based solutions? What is the market share of key players in the United States Artificial Intelligence market and how market share dynamics will change in the coming five years?

About TechSci Research: 

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