US Artificial Intelligence Market to Grow at a Staggering 75% CAGR until 2021
Rising venture capital
investments coupled with increasing R&D activities in autonomous vehicles
market to drive artificial intelligence market in US through 2021
According
to TechSci Research report, “United
States Artificial Intelligence Market, By Application, By Region, By End User Competition
Forecast & Opportunities, 2011-2021’’, the artificial
intelligence market in the US is projected to grow at a CAGR of 75% during 2016
– 2021 on account of growing artificial intelligence technology adoption in
consumer electronic devices, research and developmental activities in
healthcare industry, unmanned aerial vehicles, autonomous cars, etc. Moreover,
venture capital investments in this sector, are in full swing, especially in
the US. The country is witnessing numerous start-ups sprouting every year,
backed by various angel investors and venture capitalists. Major venture
capitalist active in the United States artificial intelligence market include Accel,
General Catalyst Partners, GV, Work-Bench, Promus Ventures, Kleiner Perkins
Caulfield & Byers, Khosla Ventures, Samsung Electronics, Wipro
Technologies, Samsung Global Innovation Centre, Goldman Sachs, Bank of America
Merrill Lynch, and Formation 8, among others.
Browse 30 market data Tables and 68 Figures
spread through 160 Pages and an in-depth TOC on "United States Artificial Intelligence
Market"
https://www.techsciresearch.com/report/united-states-artificial-intelligence-market-by-application-speech-recognition-image-recognition-etc-by-region-and-by-end-user-consumer-electronics-security-access-control-etc-competition-forecast-opportunities-2011-2021/676.html
In 2015, western region of the United States
dominated the artificial intelligence market of the country, on account of presence
of major end users such as cyber security solution providers, healthcare
institutes, government headquarters, etc., in the region. Speech Recognition,
Image Recognition, Natural Language Processing, Gesture Control, Cyber Security
and Others, are the major applications in the United States artificial
intelligence market. Major consumer electronic device manufacturers and
platform providers such as Apple, Microsoft and Google are increasingly
offering these solutions in smartphones, tablets and other smart wearables.
Moreover, leading tech giants such as IBM, Intel, Amazon, etc., are strengthening
their market presence by increasing their focus on inorganic expansion
strategy.
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List
of Prominent Acquisitions in United States Artificial Intelligence Market
|
Target
Company
|
Acquirer
Company
|
Year
of Acquisition
|
|
Emotient
|
Apple
|
2016
|
|
Perceptio
|
Apple
|
2015
|
|
VocalIQ
|
Apple
|
2015
|
|
LegbaCore
|
Apple
|
2015
|
|
Faceshift
|
Apple
|
2015
|
|
Cue
|
Apple
|
2013
|
|
Novauris Technologies
|
Apple
|
2013
|
|
Polar Rose
|
Apple
|
2010
|
|
Deepmind
|
Google
|
2014
|
|
Vision Factory
|
Google
|
2014
|
|
Meka
|
Google
|
2013
|
|
DNNresearch
|
Google
|
2013
|
|
Jetpac
|
Google
|
2014
|
|
Dark Blue Labs
|
Google
|
2014
|
|
Source: News
Articles
|
“Healthcare
industry of the United States is increasingly employing artificial intelligence
solutions, to cure life threatening diseases such as cancer, cardiovascular
ailments and neurological disorders. Moreover, research and developmental
activities on injecting nanoparticles into the bloodstream, is expected to be a
major breakthrough in the United States artificial intelligence market. These
nano particles can detect and diagnose diseases such as cancer, heart attacks,
metabolic activities, neurological disorders or changes in an individual’s biochemistry
at cellular level. Patient can use a smart wristband to view readings provided
by the nanoparticles. Such developments are anticipated to revolutionize healthcare
industry in the US in the coming years,’ said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“United States Artificial Intelligence Market, By
Application, By Region, By End User Competition Forecast & Opportunities,
2011-2021”
has evaluated the future growth potential of United
States artificial intelligence market and provides statistics and information
on market size, structure and trends. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities in the United
States artificial intelligence market.
About TechSci Research
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serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
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