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

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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:

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

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

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? 

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: 

Key Questions This Study Will Answer 

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