The North America Cloud AI Market would witness market growth of 36.7% CAGR during the forecast period (2023-2029).
Customers are moving to a "cloud first" strategy for updating/replacing traditional systems and to a "cloud only" approach when constructing their next-generation competitive advantage systems and offerings. This is because none of the third platform technologies, including big data & analytics, the Internet of Things (IoT), and cognitive/AI technologies, are feasible without the cloud serving as the basis. In addition, nearly all international IT experts agree that the continued advancement of cloud technology will significantly advance AI capabilities.
Another factor contributing to the expansion of AI in cloud applications is improving the speed at which goods are produced and delivered to clients. Conventional robotic process automation (RPA) technology can only perform simple screen automation, which is the laborious process of manually collecting data from one application, validating it, and then pasting it into another. Current RPA suppliers use laborious, time-consuming bespoke code based on versioning, governance, and deployment components to incorporate machine learning applications.
The Canadian government has a "cloud-first" strategy, according to which cloud services are recognized and assessed as the primary delivery option when beginning information technology investments, initiatives, plans, and projects. The cloud is also anticipated to give the Canadian government access to the inventiveness of private-sector suppliers to improve the agility of its information technology. Cloud suppliers are boosting the demand for AI by providing a range of tools and services that simplify creating, testing, improving, and using AI systems without making significant initial investments. All these factors are predicted to lead to market growth in the North America region.
The US market dominated the North America Cloud AI Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $93,621.6 million by 2029. The Canada market is poised to grow at a CAGR of 39.8% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 38.6% during (2023 - 2029).
Based on Type, the market is segmented into Solution and Services. Based on Industry, the market is segmented into IT & Telecom, Government, Manufacturing, BFSI, Automotive & Transportation, Healthcare & Life Sciences, Retail, and Others. Based on Technology, the market is segmented into Solution Deep Learning, Machine Learning, Natural Language Processing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Cloud AI Market is Projected to reach USD 395.8 Billion by 2029, at a CAGR of 38.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Google LLC (Alphabet, Inc.), IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, MicroStrategy, Inc., NVIDIA Corporation, Salesforce, Inc. and QlikTech International AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Industry
- IT & Telecom
- Government
- Manufacturing
- BFSI
- Automotive & Transportation
- Healthcare & Life Sciences
- Retail
- Others
By Technology
- Deep Learning
- Machine Learning
- Natural Language Processing
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Google LLC (Alphabet, Inc.)
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- MicroStrategy, Inc.
- NVIDIA Corporation
- Salesforce, Inc.
- QlikTech International AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cloud AI Market, by Type
1.4.2 North America Cloud AI Market, by Industry
1.4.3 North America Cloud AI Market, by Technology
1.4.4 North America Cloud AI Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jul – 2023, Mar) Leading Players
Chapter 4. North America Cloud AI Market by Type
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Cloud AI Market by Industry
5.1 North America IT & Telecom Market by Country
5.2 North America Government Market by Country
5.3 North America Manufacturing Market by Country
5.4 North America BFSI Market by Country
5.5 North America Automotive & Transportation Market by Country
5.6 North America Healthcare & Life Sciences Market by Country
5.7 North America Retail Market by Country
5.8 North America Other Industry Market by Country
Chapter 6. North America Cloud AI Market by Technology
6.1 North America Deep Learning Market by Country
6.2 North America Machine Learning Market by Country
6.3 North America Natural Language Processing Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Cloud AI Market by Country
7.1 US Cloud AI Market
7.1.1 US Cloud AI Market by Type
7.1.2 US Cloud AI Market by Industry
7.1.3 US Cloud AI Market by Technology
7.2 Canada Cloud AI Market
7.2.1 Canada Cloud AI Market by Type
7.2.2 Canada Cloud AI Market by Industry
7.2.3 Canada Cloud AI Market by Technology
7.3 Mexico Cloud AI Market
7.3.1 Mexico Cloud AI Market by Type
7.3.2 Mexico Cloud AI Market by Industry
7.3.3 Mexico Cloud AI Market by Technology
7.4 Rest of North America Cloud AI Market
7.4.1 Rest of North America Cloud AI Market by Type
7.4.2 Rest of North America Cloud AI Market by Industry
7.4.3 Rest of North America Cloud AI Market by Technology
Chapter 8. Company Profiles
8.1 Apple, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Google LLC (Alphabet, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 IBM Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Intel Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Microsoft Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Oracle Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Acquisition and Mergers:
8.6.5.3 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 MicroStrategy, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.8 NVIDIA Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Salesforce, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. QlikTech International AB
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
TABLE 1 North America Cloud AI Market, 2019 - 2022, USD Million
TABLE 2 North America Cloud AI Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cloud AI Market
TABLE 4 Product Launches And Product Expansions– Cloud AI Market
TABLE 5 Acquisition and Mergers– Cloud AI Market
TABLE 6 North America Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 7 North America Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 8 North America Solution Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Solution Market by Country, 2023 - 2029, USD Million
TABLE 10 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Services Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 13 North America Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 14 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 15 North America IT & Telecom Market by Country, 2023 - 2029, USD Million
TABLE 16 North America Government Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Government Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 20 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 21 North America BFSI Market by Country, 2023 - 2029, USD Million
TABLE 22 North America Automotive & Transportation Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Automotive & Transportation Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Healthcare & Life Sciences Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Healthcare & Life Sciences Market by Country, 2023 - 2029, USD Million
TABLE 26 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Retail Market by Country, 2023 - 2029, USD Million
TABLE 28 North America Other Industry Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Other Industry Market by Country, 2023 - 2029, USD Million
TABLE 30 North America Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 31 North America Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 32 North America Deep Learning Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Deep Learning Market by Country, 2023 - 2029, USD Million
TABLE 34 North America Machine Learning Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Machine Learning Market by Country, 2023 - 2029, USD Million
TABLE 36 North America Natural Language Processing Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Natural Language Processing Market by Country, 2023 - 2029, USD Million
TABLE 38 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 40 North America Cloud AI Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Cloud AI Market by Country, 2023 - 2029, USD Million
TABLE 42 US Cloud AI Market, 2019 - 2022, USD Million
TABLE 43 US Cloud AI Market, 2023 - 2029, USD Million
TABLE 44 US Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 45 US Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 46 US Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 47 US Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 48 US Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 49 US Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 50 Canada Cloud AI Market, 2019 - 2022, USD Million
TABLE 51 Canada Cloud AI Market, 2023 - 2029, USD Million
TABLE 52 Canada Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 53 Canada Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 54 Canada Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 55 Canada Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 56 Canada Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 57 Canada Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 58 Mexico Cloud AI Market, 2019 - 2022, USD Million
TABLE 59 Mexico Cloud AI Market, 2023 - 2029, USD Million
TABLE 60 Mexico Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 61 Mexico Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 62 Mexico Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 63 Mexico Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 64 Mexico Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 65 Mexico Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 66 Rest of North America Cloud AI Market, 2019 - 2022, USD Million
TABLE 67 Rest of North America Cloud AI Market, 2023 - 2029, USD Million
TABLE 68 Rest of North America Cloud AI Market by Type, 2019 - 2022, USD Million
TABLE 69 Rest of North America Cloud AI Market by Type, 2023 - 2029, USD Million
TABLE 70 Rest of North America Cloud AI Market by Industry, 2019 - 2022, USD Million
TABLE 71 Rest of North America Cloud AI Market by Industry, 2023 - 2029, USD Million
TABLE 72 Rest of North America Cloud AI Market by Technology, 2019 - 2022, USD Million
TABLE 73 Rest of North America Cloud AI Market by Technology, 2023 - 2029, USD Million
TABLE 74 Key Information – Apple, Inc.
TABLE 75 Key Information – Google LLC
TABLE 76 Key information – IBM Corporation
TABLE 77 Key Information – Intel Corporation
TABLE 78 key information – Microsoft Corporation
TABLE 79 Key Information – Oracle Corporation
TABLE 80 Key Information – MicroStrategy, Inc.
TABLE 81 Key Information – NVIDIA Corporation
TABLE 82 Key Information – Salesforce, Inc.
TABLE 83 key information – QlikTech International AB
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jul – 2023, Mar) Leading Players
FIG 6 SWOT Analysis: apple, Inc.
FIG 7 Recent strategies and developments: Google, LLC
FIG 8 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 9 Recent strategies and developments: IBM Corporation
FIG 10 Swot analysis: IBM Corporation
FIG 11 Recent strategies and developments: Intel Corporation
FIG 12 SWOT analysis: Intel corporation
FIG 13 Recent strategies and developments: Microsoft Corporation
FIG 14 SWOT Analysis: Microsoft Corporation
FIG 15 Recent strategies and developments: Oracle Corporation
FIG 16 SWOT analysis: Oracle Corporation
FIG 17 Recent strategies and developments: NVIDIA Corporation
FIG 18 SWOT Analysis: NVIDIA Corporation
FIG 19 SWOT Analysis: Salesforce.com, Inc.