North America Artificial Intelligence Market Forecast 2017-2026
KEY FINDINGS North America Artificial Intelligence market was calculated to be worth $492 million in 2016. Over the projected years of 2017-2026, the market is assumed to rise with 46.83% CAGR, generating market earnings of nearly $27455 million by its end.
MARKET INSIGHTS The market’s growth is being propelled by rising establishment of startups working towards the development and innovation of artificial intelligence along with substantial investments made by the federal governments. Also, several tech companies who already have an established base in this region are increasingly diving into this market. Canada is fast becoming a power base for the development and innovation of artificial intelligence in the North American region.
COMPETITIVE INSIGHTS Apple Inc, Google Inc, Next IT Corporation, Microsoft Corporation, International Business Machines Corporation (IBM), Uber Technologies Inc, Nvidia Corporation, 24/7 Technologies, Ge Healthcare, Shell Oil Company, Qlik Technologies, Microstrategy Inc, Intel Corporation, Ipsoft Inc, and Rocket Fuel Inc. (Acquired By Sizmek, Inc.) are some of the multinational companies that have established a strong foothold in the North Ameican market.