North America Generative AI Market Size, Share & Industry Trends Analysis Report By Component, By Technology, By End Use (Media & Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Generative AI Market would witness market growth of 31.4% CAGR during the forecast period (2022-2028).
Unsupervised learning enables AI to develop more quickly and flexible transferable skills that improve the efficiency, effectiveness, and speed of human work while requiring less staff training. The foundation for applications in important industries, including defense, security, and healthcare, is being laid by generative AI.
Technology can be adjusted and integrated into increasingly complex applications as it advances and innovates. In addition to providing organizations with substantially speedier and less expensive access to picture generation, film restoration, and the construction of 3D or SaaS models or settings, generative AI models are a viable replacement for some of the older, outmoded technology.
In the North American region, there is a growing demand for commercial vehicles. Fleet management's increasing needs for long-distance operations are to blame for this. Local governments are also enacting a number of laws pertaining to carbon emissions. In order to reduce carbon emissions, local manufacturers are employing the same technology in buses and commercial vehicles, although they will face some particular difficulties. Long-distance hauling vehicles have undergone extensive duty cycle and fuel economy optimization in the past.
The US market dominated the North America Generative AI Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15,164.6 million by 2028. The Canada market is poised to grow at a CAGR of 34.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 33.2% during (2022 - 2028).
Based on Component, the market is segmented into Software and Service. Based on Technology, the market is segmented into Transformers, Generative Adversarial Networks (GANs), Variational Auto-encoders, and Diffusion Networks. Based on End Use, the market is segmented into Media & Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Generative AI Market is Predict to reach $54 Billion by 2028, at a CAGR of 32.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, Microsoft Corporation, Adobe, Inc, MOSTLY AI Solutions MP GmbH, Synthesia Limited, Genie AI, Inc, Rephrase.ai, and De-Identification Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Generative Adversarial Networks (GANs)
- Variational Auto-encoders
- Diffusion Networks
- Media & Entertainment
- IT & Telecommunication
- Automotive & Transportation
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Microsoft Corporation
- Adobe, Inc
- MOSTLY AI Solutions MP GmbH
- Synthesia Limited
- Genie AI, Inc
- De-Identification Ltd
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