North America Artificial Intelligence Market Size and Forecast (2021 - 2031)

January 2026 | 164 pages | ID: NDB3DB353E09EN
The Insight Partners

Abstracts

The North America Artificial Intelligence Market is projected to grow significantly, reaching approximately US$ 725.9 billion by 2031, up from US$ 79.2 billion in 2024. This growth represents a compound annual growth rate (CAGR) of 38.5% from 2025 to 2031.

Executive Summary and Market Analysis

The artificial intelligence market in North America has shown remarkable growth and transformation, establishing the region as a leader in AI innovation and adoption. This growth is driven by rapid technological advancements, increased research and development investments, and the widespread integration of AI solutions across various sectors. North America has emerged as a key hub for AI development, bolstered by a strong technology ecosystem, substantial financial resources, and a concentration of top-tier tech companies and research institutions. The United States plays a crucial role in shaping the global AI landscape, with significant investments from both public and private sectors. Major players like Google, Microsoft, and IBM are at the forefront of innovation in areas such as machine learning, natural language processing, and computer vision. Additionally, a vibrant startup ecosystem, supported by venture capital, accelerators, and incubators, is driving the commercialization and application of AI across industries. Government initiatives and funding programs are further enhancing market momentum by promoting AI research, responsible innovation, and addressing ethical and regulatory issues.

Strategic Insights

Market Segmentation Analysis

• By Component: The market is divided into Software, Hardware, and Services, with Software holding the largest market share in 2024.
• By Deployment: The market is categorized into Cloud and On-Premises, with Cloud dominating in 2024.
• By Organization Size: The market is segmented into Large Enterprises and SMEs, with Large Enterprises leading in 2024.
• By Industry Vertical: The market includes IT and Telecom, BFSI, Healthcare, Manufacturing, Retail and E-Commerce, Automotive, and others, with IT and Telecom holding the largest share in 2024.

Market Outlook

AI is being utilized across various industries, including healthcare, retail and e-commerce, and manufacturing, to automate repetitive tasks, enhance accuracy, and expedite job completion. This allows employees to focus on more complex tasks, thereby increasing efficiency and productivity.

• Healthcare: AI is revolutionizing healthcare by improving diagnostics, personalizing treatment plans, streamlining processes, and reducing costs. For instance, in September 2023, Paige AI, Inc. partnered with Microsoft to create the largest image-based AI models for digital pathology and oncology, aimed at combating cancer. This model, designed with billions of parameters, is expected to enhance early disease detection and clinical applications.
• Retail and E-commerce: The retail sector is undergoing digital transformation, leveraging AI and IoT for advanced data analytics. As of May 2025, Shopify introduced new AI-powered tools to enhance the online shopping experience, including an AI store builder and an upgraded AI commerce assistant.
• Manufacturing: AI is increasingly adopted for autonomous supply chain management and proactive maintenance. In January 2025, Accenture launched AI Refinery for Industry, offering solutions to help organizations deploy AI agents that enhance workforce efficiency. Similarly, Infosys introduced the Agentic AI Foundry in May 2025 to accelerate the development of reliable AI agents.

Other sectors such as BFSI, telecommunications, scientific research, education, entertainment, agriculture, and construction are also integrating AI to automate processes and reduce manual labor, contributing to market growth.

Country Insights

The North America Artificial Intelligence Market is segmented by country into the United States, Canada, and Mexico, with the United States holding the largest market share in 2024. The healthcare sector in the US is increasingly adopting AI for various applications, including medical diagnosis and drug development. For example, FirstHx announced its expansion into the US market in April 2025, introducing an AI-powered patient intake solution that streamlines data collection and integrates with electronic medical records.

Company Profiles

Key players in the North America Artificial Intelligence Market include Amazon Web Services Inc., IBM, Microsoft, SAP, Google, Accenture, SAS Institute, Intel, NVIDIA, and AMD. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions.

Contents

1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macroeconomic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country-level data:

4. ARTIFICIAL INTELLIGENCE MARKET LANDSCAPE

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 List of Vendors in the Value Chain

5. NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. ARTIFICIAL INTELLIGENCE MARKET - NORTH AMERICA MARKET ANALYSIS

6.1 North America Artificial Intelligence Market Revenue (US$ Billion), 2024 - 2031
6.2 North America Artificial Intelligence Market Forecast and Analysis

7. NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET REVENUE ANALYSIS - BY COMPONENT

7.1 Software
  7.1.1 Overview
  7.1.2 Software: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
7.2 Hardware
  7.2.1 Overview
  7.2.2 Hardware: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
7.3 Services
  7.3.1 Overview
  7.3.2 Services: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

8. NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET REVENUE ANALYSIS - BY DEPLOYMENT

8.1 Cloud
  8.1.1 Overview
  8.1.2 Cloud: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
8.2 On Premises
  8.2.1 Overview
  8.2.2 On Premises: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

9. NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET REVENUE ANALYSIS - BY ORGANIZATION SIZE

9.1 Large Enterprises
  9.1.1 Overview
  9.1.2 Large Enterprises: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
9.2 SMEs
  9.2.1 Overview
  9.2.2 SMEs: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

10. NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET REVENUE ANALYSIS - BY INDUSTRY VERTICAL

10.1 IT and Telecom
  10.1.1 Overview
  10.1.2 IT and Telecom: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.2 BFSI
  10.2.1 Overview
  10.2.2 BFSI: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.3 Healthcare
  10.3.1 Overview
  10.3.2 Healthcare: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.4 Manufacturing
  10.4.1 Overview
  10.4.2 Manufacturing: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.5 Retail and E-Commerce
  10.5.1 Overview
  10.5.2 Retail and E-Commerce: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.6 Automotive
  10.6.1 Overview
  10.6.2 Automotive: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.7 Others
  10.7.1 Overview
  10.7.2 Others: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

11. NORTH AMERICA ARTIFICIAL INTELLIGENCE MARKET - COUNTRY ANALYSIS

11.1 North America
  11.1.1 North America Artificial Intelligence Market Revenue and Forecast and Analysis - by Country
    11.1.1.1 North America Artificial Intelligence Market Revenue and Forecast and Analysis - by Country
    11.1.2.2 United States: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
      11.1.2.2.1 United States: North America Artificial Intelligence Market Share - by Component
      11.1.2.2.2 United States: North America Artificial Intelligence Market Share - by Deployment
      11.1.2.2.3 United States: North America Artificial Intelligence Market Share - by Organization Size
      11.1.2.2.4 United States: North America Artificial Intelligence Market Share - by Industry Vertical
    11.2.3.3 Canada: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
      11.2.3.3.1 Canada: North America Artificial Intelligence Market Share - by Component
      11.2.3.3.2 Canada: North America Artificial Intelligence Market Share - by Deployment
      11.2.3.3.3 Canada: North America Artificial Intelligence Market Share - by Organization Size
      11.2.3.3.4 Canada: North America Artificial Intelligence Market Share - by Industry Vertical
    11.3.4.4 Mexico: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
      11.3.4.4.1 Mexico: North America Artificial Intelligence Market Share - by Component
      11.3.4.4.2 Mexico: North America Artificial Intelligence Market Share - by Deployment
      11.3.4.4.3 Mexico: North America Artificial Intelligence Market Share - by Organization Size
      11.3.4.4.4 Mexico: North America Artificial Intelligence Market Share - by Industry Vertical

12 COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13 INDUSTRY LANDSCAPE

13.1 Overview
13.2 New Product Development
13.3 Merger and Acquisition
13.4 Other Strategic Developments

14 COMPANY PROFILES

14.1 Amazon Web Services Inc
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 International Business Machines Corp
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Microsoft Corp
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 SAP SE
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Google LLC
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 Accenture Plc
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 SAS Institute Inc
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Intel Corp
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 NVIDIA Corp
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments
14.10 Advanced Micro Devices Inc
  14.10.1 Key Facts
  14.10.2 Business Description
  14.10.3 Products and Services
  14.10.4 Financial Overview
  14.10.5 SWOT Analysis
  14.10.6 Key Developments

15. APPENDIX

15.1 About The Insight Partners

List Of Tables

LIST OF TABLES

Table 1. North America Artificial Intelligence Market Segmentation
Table 2. List of Vendors
Table 3. North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Table 4. North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 5. North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Deployment
Table 6. North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 7. North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 8. North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Country
Table 9. United States: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 10. United States: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Deployment
Table 11. United States: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 12. United States: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 13. Canada: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 14. Canada: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Deployment
Table 15. Canada: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 16. Canada: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 17. Mexico: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 18. Mexico: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Deployment
Table 19. Mexico: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 20. Mexico: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 21. Heat Map Analysis by Key Players

List Of Figures

LIST OF FIGURES

Figure 1. North America Artificial Intelligence Market Segmentation - Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Artificial Intelligence Market
Figure 4. North America Artificial Intelligence Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Artificial Intelligence Market Revenue (US$ Billion), 2024 - 2031
Figure 7. North America Artificial Intelligence Market Share (%) - by Component, 2024 and 2031
Figure 8. Software: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 9. Hardware: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 10. Services: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 11. North America Artificial Intelligence Market Share (%) - by Deployment, 2024 and 2031
Figure 12. Cloud: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 13. On Premises: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 14. North America Artificial Intelligence Market Share (%) - by Organization Size, 2024 and 2031
Figure 15. Large Enterprises: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 16. SMEs: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 17. North America Artificial Intelligence Market Share (%) - by Industry Vertical, 2024 and 2031
Figure 18. IT and Telecom: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 19. BFSI: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 20. Healthcare: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 21. Manufacturing: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 22. Retail and E-Commerce: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 23. Automotive: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 24. Others: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 25. North America Artificial Intelligence Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 26. United States: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 27. Canada: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 28. Mexico: North America Artificial Intelligence Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 29. Company Positioning & Concentration