The North America Generative AI Market would witness market growth of 31.4% CAGR during the forecast period (2022-2028).
Unsupervised learning enables AI to develop more quickly and flexible transferable skills that improve the efficiency, effectiveness, and speed of human work while requiring less staff training. The foundation for applications in important industries, including defense, security, and healthcare, is being laid by generative AI.
Technology can be adjusted and integrated into increasingly complex applications as it advances and innovates. In addition to providing organizations with substantially speedier and less expensive access to picture generation, film restoration, and the construction of 3D or SaaS models or settings, generative AI models are a viable replacement for some of the older, outmoded technology.
In the North American region, there is a growing demand for commercial vehicles. Fleet management's increasing needs for long-distance operations are to blame for this. Local governments are also enacting a number of laws pertaining to carbon emissions. In order to reduce carbon emissions, local manufacturers are employing the same technology in buses and commercial vehicles, although they will face some particular difficulties. Long-distance hauling vehicles have undergone extensive duty cycle and fuel economy optimization in the past.
The US market dominated the North America Generative AI Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15,164.6 million by 2028. The Canada market is poised to grow at a CAGR of 34.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 33.2% during (2022 - 2028).
Based on Component, the market is segmented into Software and Service. Based on Technology, the market is segmented into Transformers, Generative Adversarial Networks (GANs), Variational Auto-encoders, and Diffusion Networks. Based on End Use, the market is segmented into Media & Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Generative AI Market is Predict to reach $54 Billion by 2028, at a CAGR of 32.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, Microsoft Corporation, Adobe, Inc, MOSTLY AI Solutions MP GmbH, Synthesia Limited, Genie AI, Inc, Rephrase.ai, and De-Identification Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Technology
- Transformers
- Generative Adversarial Networks (GANs)
- Variational Auto-encoders
- Diffusion Networks
By End-Use
- Media & Entertainment
- BFSI
- IT & Telecommunication
- Healthcare
- Automotive & Transportation
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Microsoft Corporation
- Adobe, Inc
- MOSTLY AI Solutions MP GmbH
- Synthesia Limited
- Genie AI, Inc
- Rephrase.ai
- De-Identification Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Generative AI Market, by Component
1.4.2 North America Generative AI Market, by Technology
1.4.3 North America Generative AI Market, by End-Use
1.4.4 North America Generative 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 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America Generative AI Market by Component
4.1 North America Software Market by Country
4.2 North America Service Market by Country
Chapter 5. North America Generative AI Market by Technology
5.1 North America Transformers Market by Country
5.2 North America Generative Adversarial Networks (GANs) Market by Country
5.3 North America Variational Auto-encoders Market by Country
5.4 North America Diffusion Networks Market by Country
Chapter 6. North America Generative AI Market by End-use
6.1 North America Media & Entertainment Market by Country
6.2 North America BFSI Market by Country
6.3 North America IT & Telecommunication Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Automotive & Transportation Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Generative AI Market by Country
7.1 US Generative AI Market
7.1.1 US Generative AI Market by Component
7.1.2 US Generative AI Market by Technology
7.1.3 US Generative AI Market by End-use
7.2 Canada Generative AI Market
7.2.1 Canada Generative AI Market by Component
7.2.2 Canada Generative AI Market by Technology
7.2.3 Canada Generative AI Market by End-use
7.3 Mexico Generative AI Market
7.3.1 Mexico Generative AI Market by Component
7.3.2 Mexico Generative AI Market by Technology
7.3.3 Mexico Generative AI Market by End-use
7.4 Rest of North America Generative AI Market
7.4.1 Rest of North America Generative AI Market by Component
7.4.2 Rest of North America Generative AI Market by Technology
7.4.3 Rest of North America Generative AI Market by End-use
Chapter 8. Company Profiles
8.1 Google LLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Product Launches and Product Expansions:
8.2.4.2 Partnerships, Collaborations & Agreements
8.2.5 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:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Microsoft 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 Adobe, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 MOSTLY AI Solutions MP GmbH
8.6.1 Company Overview
8.7 Synthesia Limited
8.7.1 Company Overview
8.8 Genie AI, Inc.
8.8.1 Company Overview
8.9 Rephrase.ai
8.9.1 Company Overview
8.10. De-Identification Ltd.
8.10.1 Company Overview
TABLE 1 North America Generative AI Market, 2018 - 2021, USD Million
TABLE 2 North America Generative AI Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Generative AI Market
TABLE 4 Product Launches And Product Expansions– Generative AI Market
TABLE 5 Acquisition and Mergers– Generative AI Market
TABLE 6 North America Generative AI Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Generative AI Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Service Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Service Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Generative AI Market by Technology, 2018 - 2021, USD Million
TABLE 13 North America Generative AI Market by Technology, 2022 - 2028, USD Million
TABLE 14 North America Transformers Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Transformers Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Generative Adversarial Networks (GANs) Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Generative Adversarial Networks (GANs) Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Variational Auto-encoders Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Variational Auto-encoders Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Diffusion Networks Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Diffusion Networks Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Generative AI Market by End-use, 2018 - 2021, USD Million
TABLE 23 North America Generative AI Market by End-use, 2022 - 2028, USD Million
TABLE 24 North America Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 26 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 27 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 28 North America IT & Telecommunication Market by Country, 2018 - 2021, USD Million
TABLE 29 North America IT & Telecommunication Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Automotive & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Automotive & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Generative AI Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Generative AI Market by Country, 2022 - 2028, USD Million
TABLE 38 US Generative AI Market, 2018 - 2021, USD Million
TABLE 39 US Generative AI Market, 2022 - 2028, USD Million
TABLE 40 US Generative AI Market by Component, 2018 - 2021, USD Million
TABLE 41 US Generative AI Market by Component, 2022 - 2028, USD Million
TABLE 42 US Generative AI Market by Technology, 2018 - 2021, USD Million
TABLE 43 US Generative AI Market by Technology, 2022 - 2028, USD Million
TABLE 44 US Generative AI Market by End-use, 2018 - 2021, USD Million
TABLE 45 US Generative AI Market by End-use, 2022 - 2028, USD Million
TABLE 46 Canada Generative AI Market, 2018 - 2021, USD Million
TABLE 47 Canada Generative AI Market, 2022 - 2028, USD Million
TABLE 48 Canada Generative AI Market by Component, 2018 - 2021, USD Million
TABLE 49 Canada Generative AI Market by Component, 2022 - 2028, USD Million
TABLE 50 Canada Generative AI Market by Technology, 2018 - 2021, USD Million
TABLE 51 Canada Generative AI Market by Technology, 2022 - 2028, USD Million
TABLE 52 Canada Generative AI Market by End-use, 2018 - 2021, USD Million
TABLE 53 Canada Generative AI Market by End-use, 2022 - 2028, USD Million
TABLE 54 Mexico Generative AI Market, 2018 - 2021, USD Million
TABLE 55 Mexico Generative AI Market, 2022 - 2028, USD Million
TABLE 56 Mexico Generative AI Market by Component, 2018 - 2021, USD Million
TABLE 57 Mexico Generative AI Market by Component, 2022 - 2028, USD Million
TABLE 58 Mexico Generative AI Market by Technology, 2018 - 2021, USD Million
TABLE 59 Mexico Generative AI Market by Technology, 2022 - 2028, USD Million
TABLE 60 Mexico Generative AI Market by End-use, 2018 - 2021, USD Million
TABLE 61 Mexico Generative AI Market by End-use, 2022 - 2028, USD Million
TABLE 62 Rest of North America Generative AI Market, 2018 - 2021, USD Million
TABLE 63 Rest of North America Generative AI Market, 2022 - 2028, USD Million
TABLE 64 Rest of North America Generative AI Market by Component, 2018 - 2021, USD Million
TABLE 65 Rest of North America Generative AI Market by Component, 2022 - 2028, USD Million
TABLE 66 Rest of North America Generative AI Market by Technology, 2018 - 2021, USD Million
TABLE 67 Rest of North America Generative AI Market by Technology, 2022 - 2028, USD Million
TABLE 68 Rest of North America Generative AI Market by End-use, 2018 - 2021, USD Million
TABLE 69 Rest of North America Generative AI Market by End-use, 2022 - 2028, USD Million
TABLE 70 Key Information – Google LLC
TABLE 71 Key Information – Amazon Web Services, Inc.
TABLE 72 Key information – IBM Corporation
TABLE 73 key information – Microsoft Corporation
TABLE 74 Key Information – Adobe, Inc.
TABLE 75 Key Information – MOSTLY AI Solutions MP GmbH
TABLE 76 Key Information – Synthesia Limited
TABLE 77 Key Information – Genie AI, Inc.
TABLE 78 Key Information – Rephrase.ai
TABLE 79 Key Information – De-Identification Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 5 SWOT analysis: Amazon.com, Inc.
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 Recent strategies and developments: Microsoft Corporation
FIG 9 SWOT Analysis: Microsoft Corporation