The North America AI and Machine Learning in Business Market would witness market growth of 30.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America AI and Machine Learning in Business Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $316,033.2 million by 2031. The Canada market is experiencing a CAGR of 33% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 31.8% during (2024 - 2031).
Artificial Intelligence (AI) and Machine Learning (ML) have become integral components of modern business operations, revolutionizing industries. These technologies drive tangible innovations, reshaping how businesses operate, make decisions, and interact with customers. AI and machine learning in business market has experienced exponential growth in recent years, fueled by advancements in technology, increasing data volumes, and a growing need for automation and efficiency.
In today's highly competitive business landscape, gaining a competitive advantage is crucial for companies looking to succeed. Companies are achieving this by leveraging AI and machine learning to enhance various aspects of their operations. By utilizing these technologies, companies can improve customer experiences, personalize products and services, and optimize business operations, ultimately gaining an edge over their competitors.
AI will continue to be an important technology investment area in Canada in the coming years. As the Government of Canada attempts to legislate AI under Bill C-27, huge investments are being made in platforms and services to deliver AI and analytics at scale. Simultaneously, businesses are using analytics and AI tools to get the edge on identifying things like market inefficiencies and acting on them before competitors. Thus, the region presents lucrative opportunities for the market.
Free Valuable Insights: The AI and Machine Learning in Business Market is Predict to reach USD 1198.4 Billion by 2031, at a CAGR of 30.9%
Based on Component, the market is segmented into Solution and Services. Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Middle-sized Enterprise. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Retail, Energy Sector & Utilities, Manufacturing & Logistics, Healthcare and Others. Based on Application, the market is segmented into Data Analytics, Predictive Analytics, Cyber Security, Supply Chain & Inventory Management and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- NVIDIA Corporation
- Baidu, Inc.
- SAP SE
- Hewlett Packard Enterprise Company
- Microsoft Corporation
- IBM Corporation
- Intel Corporation
- Salesforce, Inc.
- Google LLC (Alphabet Inc.)
- Amazon.com, Inc.
North America AI and Machine Learning in Business Market Report Segmentation
By Component
By Enterprise Size
- Large Enterprise
- Small & Middle-sized Enterprise
By Industry Vertical
- BFSI
- IT & Telecom
- Retail
- Energy Sector & Utilities
- Manufacturing & Logistics
- Healthcare
- Others
By Application
- Data Analytics
- Predictive Analytics
- Cyber Security
- Supply Chain & Inventory Management
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America AI and Machine Learning in Business Market, by Component
1.4.2 North America AI and Machine Learning in Business Market, by Enterprise Size
1.4.3 North America AI and Machine Learning in Business Market, by Industry Vertical
1.4.4 North America AI and Machine Learning in Business Market, by Application
1.4.5 North America AI and Machine Learning in Business Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, May – 2024, Apr) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. North America AI and Machine Learning in Business Market by Component
5.1 North America Solution Market by Region
5.2 North America Services Market by Region
Chapter 6. North America AI and Machine Learning in Business Market by Enterprise Size
6.1 North America Large Enterprise Market by Country
6.2 North America Small & Middle-sized Enterprise Market by Country
Chapter 7. North America AI and Machine Learning in Business Market by Industry Vertical
7.1 North America BFSI Market by Country
7.2 North America IT & Telecom Market by Country
7.3 North America Retail Market by Country
7.4 North America Energy Sector & Utilities Market by Country
7.5 North America Manufacturing & Logistics Market by Country
7.6 North America Healthcare Market by Country
7.7 North America Others Market by Country
Chapter 8. North America AI and Machine Learning in Business Market by Application
8.1 North America Data Analytics Market by Country
8.2 North America Predictive Analytics Market by Country
8.3 North America Cyber Security Market by Country
8.4 North America Supply Chain & Inventory Management Market by Country
8.5 North America Others Market by Country
Chapter 9. North America AI and Machine Learning in Business Market by Country
9.1 US AI and Machine Learning in Business Market
9.1.1 US AI and Machine Learning in Business Market by Component
9.1.2 US AI and Machine Learning in Business Market by Enterprise Size
9.1.3 US AI and Machine Learning in Business Market by Industry Vertical
9.1.4 US AI and Machine Learning in Business Market by Application
9.2 Canada AI and Machine Learning in Business Market
9.2.1 Canada AI and Machine Learning in Business Market by Component
9.2.2 Canada AI and Machine Learning in Business Market by Enterprise Size
9.2.3 Canada AI and Machine Learning in Business Market by Industry Vertical
9.2.4 Canada AI and Machine Learning in Business Market by Application
9.3 Mexico AI and Machine Learning in Business Market
9.3.1 Mexico AI and Machine Learning in Business Market by Component
9.3.2 Mexico AI and Machine Learning in Business Market by Enterprise Size
9.3.3 Mexico AI and Machine Learning in Business Market by Industry Vertical
9.3.4 Mexico AI and Machine Learning in Business Market by Application
9.4 Rest of North America AI and Machine Learning in Business Market
9.4.1 Rest of North America AI and Machine Learning in Business Market by Component
9.4.2 Rest of North America AI and Machine Learning in Business Market by Enterprise Size
9.4.3 Rest of North America AI and Machine Learning in Business Market by Industry Vertical
9.4.4 Rest of North America AI and Machine Learning in Business Market by Application
Chapter 10. Company Profiles
10.1 NVIDIA Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Google LLC (Alphabet Inc.)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.5.3 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Baidu, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 SAP SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 Hewlett Packard Enterprise Company
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.5.5.3 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Microsoft Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 IBM Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional & Segmental Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.5.2 Acquisition and Mergers:
10.7.5.3 Geographical Expansions:
10.7.6 SWOT Analysis
10.8 Intel Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 Salesforce, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.9.5.2 Product Launches and Product Expansions:
10.9.5.3 Acquisition and Mergers:
10.9.6 SWOT Analysis
10.10. Amazon.com, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental Analysis
10.10.4 Recent strategies and developments:
10.10.4.1 Partnerships, Collaborations, and Agreements:
10.10.5 SWOT Analysis
TABLE 1 North America AI and Machine Learning in Business Market, 2020 - 2023, USD Million
TABLE 2 North America AI and Machine Learning in Business Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AI and Machine Learning in Business Market
TABLE 4 Product Launches And Product Expansions– AI and Machine Learning in Business Market
TABLE 5 Acquisition and Mergers– AI and Machine Learning in Business Market
TABLE 6 North America AI and Machine Learning in Business Market by Component, 2020 - 2023, USD Million
TABLE 7 North America AI and Machine Learning in Business Market by Component, 2024 - 2031, USD Million
TABLE 8 North America Solution Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Solution Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 12 North America AI and Machine Learning in Business Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 13 North America AI and Machine Learning in Business Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 14 North America Large Enterprise Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Large Enterprise Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Small & Middle-sized Enterprise Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Small & Middle-sized Enterprise Market by Country, 2024 - 2031, USD Million
TABLE 18 North America AI and Machine Learning in Business Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 19 North America AI and Machine Learning in Business Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 20 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 21 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 22 North America IT & Telecom Market by Country, 2020 - 2023, USD Million
TABLE 23 North America IT & Telecom Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Retail Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Retail Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Energy Sector & Utilities Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Energy Sector & Utilities Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Manufacturing & Logistics Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Manufacturing & Logistics Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 34 North America AI and Machine Learning in Business Market by Application, 2020 - 2023, USD Million
TABLE 35 North America AI and Machine Learning in Business Market by Application, 2024 - 2031, USD Million
TABLE 36 North America Data Analytics Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Data Analytics Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Predictive Analytics Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Predictive Analytics Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Cyber Security Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Cyber Security Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Supply Chain & Inventory Management Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Supply Chain & Inventory Management Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 46 North America AI and Machine Learning in Business Market by Country, 2020 - 2023, USD Million
TABLE 47 North America AI and Machine Learning in Business Market by Country, 2024 - 2031, USD Million
TABLE 48 US AI and Machine Learning in Business Market, 2020 - 2023, USD Million
TABLE 49 US AI and Machine Learning in Business Market, 2024 - 2031, USD Million
TABLE 50 US AI and Machine Learning in Business Market by Component, 2020 - 2023, USD Million
TABLE 51 US AI and Machine Learning in Business Market by Component, 2024 - 2031, USD Million
TABLE 52 US AI and Machine Learning in Business Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 53 US AI and Machine Learning in Business Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 54 US AI and Machine Learning in Business Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 55 US AI and Machine Learning in Business Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 56 US AI and Machine Learning in Business Market by Application, 2020 - 2023, USD Million
TABLE 57 US AI and Machine Learning in Business Market by Application, 2024 - 2031, USD Million
TABLE 58 Canada AI and Machine Learning in Business Market, 2020 - 2023, USD Million
TABLE 59 Canada AI and Machine Learning in Business Market, 2024 - 2031, USD Million
TABLE 60 Canada AI and Machine Learning in Business Market by Component, 2020 - 2023, USD Million
TABLE 61 Canada AI and Machine Learning in Business Market by Component, 2024 - 2031, USD Million
TABLE 62 Canada AI and Machine Learning in Business Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 63 Canada AI and Machine Learning in Business Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 64 Canada AI and Machine Learning in Business Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 65 Canada AI and Machine Learning in Business Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 66 Canada AI and Machine Learning in Business Market by Application, 2020 - 2023, USD Million
TABLE 67 Canada AI and Machine Learning in Business Market by Application, 2024 - 2031, USD Million
TABLE 68 Mexico AI and Machine Learning in Business Market, 2020 - 2023, USD Million
TABLE 69 Mexico AI and Machine Learning in Business Market, 2024 - 2031, USD Million
TABLE 70 Mexico AI and Machine Learning in Business Market by Component, 2020 - 2023, USD Million
TABLE 71 Mexico AI and Machine Learning in Business Market by Component, 2024 - 2031, USD Million
TABLE 72 Mexico AI and Machine Learning in Business Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 73 Mexico AI and Machine Learning in Business Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 74 Mexico AI and Machine Learning in Business Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 75 Mexico AI and Machine Learning in Business Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 76 Mexico AI and Machine Learning in Business Market by Application, 2020 - 2023, USD Million
TABLE 77 Mexico AI and Machine Learning in Business Market by Application, 2024 - 2031, USD Million
TABLE 78 Rest of North America AI and Machine Learning in Business Market, 2020 - 2023, USD Million
TABLE 79 Rest of North America AI and Machine Learning in Business Market, 2024 - 2031, USD Million
TABLE 80 Rest of North America AI and Machine Learning in Business Market by Component, 2020 - 2023, USD Million
TABLE 81 Rest of North America AI and Machine Learning in Business Market by Component, 2024 - 2031, USD Million
TABLE 82 Rest of North America AI and Machine Learning in Business Market by Enterprise Size, 2020 - 2023, USD Million
TABLE 83 Rest of North America AI and Machine Learning in Business Market by Enterprise Size, 2024 - 2031, USD Million
TABLE 84 Rest of North America AI and Machine Learning in Business Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 85 Rest of North America AI and Machine Learning in Business Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 86 Rest of North America AI and Machine Learning in Business Market by Application, 2020 - 2023, USD Million
TABLE 87 Rest of North America AI and Machine Learning in Business Market by Application, 2024 - 2031, USD Million
TABLE 88 Key Information – NVIDIA Corporation
TABLE 89 Key Information – Google LLC
TABLE 90 Key Information – Baidu, Inc.
TABLE 91 Key Information – SAP SE
TABLE 92 Key Information – Hewlett Packard Enterprise Company
TABLE 93 Key Information – Microsoft Corporation
TABLE 94 Key Information – IBM Corporation
TABLE 95 Key Information – Intel Corporation
TABLE 96 Key Information – Salesforce, Inc.
TABLE 97 Key Information – Amazon.com, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America AI and Machine Learning in Business Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting AI and Machine Learning in Business Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, May – 2024, Apr) Leading Players
FIG 7 Porter’s Five Forces Analysis – AI and Machine Learning in Business Market
FIG 8 North America AI and Machine Learning in Business Market share by Component, 2023
FIG 9 North America AI and Machine Learning in Business Market share by Component, 2031
FIG 10 North America AI and Machine Learning in Business Market by Component, 2020 - 2031, USD Million
FIG 11 North America AI and Machine Learning in Business Market share by Enterprise Size, 2023
FIG 12 North America AI and Machine Learning in Business Market share by Enterprise Size, 2031
FIG 13 North America AI and Machine Learning in Business Market by Enterprise Size, 2020 - 2031, USD Million
FIG 14 North America AI and Machine Learning in Business Market share by Industry Vertical, 2023
FIG 15 North America AI and Machine Learning in Business Market share by Industry Vertical, 2031
FIG 16 North America AI and Machine Learning in Business Market by Industry Vertical, 2020 - 2031, USD Million
FIG 17 North America AI and Machine Learning in Business Market share by Application, 2023
FIG 18 North America AI and Machine Learning in Business Market share by Application, 2031
FIG 19 North America AI and Machine Learning in Business Market by Application, 2020 - 2031, USD Million
FIG 20 North America AI and Machine Learning in Business Market share by Country, 2023
FIG 21 North America AI and Machine Learning in Business Market share by Country, 2031
FIG 22 North America AI and Machine Learning in Business Market by Country, 2020 - 2031, USD Million
FIG 23 Recent strategies and developments: NVIDIA Corporation
FIG 24 SWOT Analysis: NVIDIA Corporation
FIG 25 Recent strategies and developments: Google LLC
FIG 26 SWOT Analysis: Google LLC
FIG 27 Recent strategies and developments: Baidu, Inc.
FIG 28 SWOT Analysis: Baidu, Inc.
FIG 29 SWOT Analysis: SAP SE
FIG 30 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 31 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 32 Recent strategies and developments: Microsoft Corporation
FIG 33 SWOT Analysis: Microsoft Corporation
FIG 34 Recent strategies and developments: IBM Corporation
FIG 35 SWOT Analysis: IBM Corporation
FIG 36 Recent strategies and developments: Intel Corporation
FIG 37 SWOT Analysis: Intel corporation
FIG 38 Recent strategies and developments: Salesforce, Inc.
FIG 39 SWOT Analysis: Salesforce, Inc.
FIG 40 SWOT Analysis: Amazon.com, Inc.