Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report North America Artificial Intelligence Market (2018-2024), published by KBV Research, the Artificial Intelligence Market in North America is expected to grow at a CAGR of 42.2% from 2018 to 2024.
The Government & Defence segment contributed the larger share to the North America Artificial Intelligence Market in 2017, and would continue to be a dominant market till 2024 and is expected to grow at a CAGR of 40.3% during the forecast period. The Consumer Goods & Retail segment is expected to grow at CAGR of 45.0% during 2018-2024.
Complementary metal oxide semiconductor (CMOS) technology has led to the innovation of advanced Artificial Intelligence devices, which are highly efficient. The growing needs for high resolution compact pixel devices, which are cost-effective, are anticipated to fuel the market growth during the forecast period.
The report highlights the adoption of Artificial Intelligence market in North America. Based on the Technology, the Artificial Intelligence Market is segmented into Machine learning, Natural language processing, Image processing and Speech recognition market. On the basis of Application, the market is bifurcated into Government & Defense, BFSI, Consumer Goods & Retail, IT & Telecom, Healthcare, Energy & Utilities, Manufacturing, Education, Transportation and Others segment. The market is further geographically segmented into U.S, Canada, Mexico and Rest of North America market.
Key Players profiled in the report include IPSoft, Rocket Fuel Inc., Qlik Technologies Inc., Microstrategy Inc., Brighterion Inc., Microsoft Corporation, Google Inc., IBM Corporation, 24/7 Customer Inc., Next IT Corporation.
The market is segmented based on Technology, Application and Country.