North America Artificial Intelligence Market Size & Outlook
North America artificial intelligence market, 2017-2030 (US$M)
Related Markets
North America artificial intelligence market highlights
- The North America artificial intelligence market generated a revenue of USD 60,787.7 million in 2023.
- The market is expected to grow at a CAGR of 30.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 60,787.7 million |
| Market revenue in 2030 | USD 386,097.8 million |
| Growth rate | 30.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Advanced Micro Devices Inc, AiCure, ARM Holdings PLC ADR, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 30.9% of the global artificial intelligence market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 734,756.7 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America artificial intelligence market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 35.75% in 2023. Horizon Databook has segmented the North America artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of artificial intelligence in North America is fueled by the presence of leading research institutions, top technology companies, and a thriving startup ecosystem focused on AI innovation. The North America region has experienced a surge in artificial intelligence (AI) startups actively developing innovative solutions and applications.
AI-driven NLP technologies are becoming increasingly sophisticated, enabling more accurate and contextually relevant interactions with voice assistants, chatbots, and language translation services. NLP is widely used in developing virtual assistants like Siri, Alexa, and Google Assistant, which have become integral to many North American households.
Governments in North America are investing in AI research and development, establishing specialized research institutes and centers, and funding AI-related projects. They also utilize AI in many fields, such as enhancing public safety and transportation and promoting healthcare innovation.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America artificial intelligence market , including forecasts for subscribers. This continent databook contains high-level insights into North America artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America artificial intelligence market size, by country, 2017-2030 (US$M)
North America Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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