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North American Artificial Intelligence Market growing significantly at a CAGR of 35.5% and Forecast 2019-2025
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The companies which are contributing to the growth of the North American AI market include Amazon.com, Inc., Google LLC, IBM Corporation, Microsoft Corporation, and others.
The growth in the North American region is further attributed to the higher sale of AI-enabled home appliances. The market is segmented on the basis of offering and end-user industry. Based on offering, the market is divided into software & services and hardware. The market for software and services was the highest market during the forecast period. Based on the end-user industry, the market is segmented into manufacturing, automotive, IT and BFSI, healthcare, e-commerce & logistics, home appliances, and others.
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The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in May 2019, Google LLC has announced the launching of the AI platform, an end to end platform for the data scientist and the developers to deploy test and build machine learning models in the Google cloud next 2019 platform.
North American Artificial Intelligence Market Segmentation
North American Artificial Intelligence Market by Offering
-- Software & Services
North American Artificial Intelligence Market by End-User Industry
-- IT and BFSI
-- E-Commerce & Logistics
-- Home Appliances
-- Other (Agriculture, Energy & Utilities, Media & Entertainment, Education)
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