North America Artificial Intelligence in Marketing Market to Grow at a CAGR of 31.8% to reach US$ 35,863.11 million from 2021 to 2028

The artificial intelligence in marketing market in North America is expected to reach US$ 35,863.11 million by 2028 from US$ 5,192.21 million in 2021. The market is estimated to grow at a CAGR of 31.8% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Customer-centricity enables companies to better understand their customers and predict as well as satisfy their needs at any time. It is proved that companies that have successfully shifted to customer-centric engagement, enjoy a major competitive advantage and growth in sales and revenue.

North America is one of the most important regions for adopting and developing new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region's economic growth negatively. Moreover, COVID-19 has positively impacted businesses in marketing. According to Worldometer till 20th April 2021 32,475,043 cases have been registered in the US alone. In the first nine months, overhead costs, including expenses for sales, Research & Development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. Despite the effects of the global outbreak, earnings were improved, primarily due to continuous optimization of the cost structure. Besides, owing to the rising number of cases in North America, many ongoing projects that were considered essential by the government authorities were not stopped, moreover rise in demand of artificial intelligence has been seen in pandemic.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Artificial Intelligence in Marketing market. The North America private artificial intelligence marketing market is expected to grow at a good CAGR during the forecast period.

North America Artificial Intelligence in Marketing Market Segmentation       

North America Artificial Intelligence in Marketing Market – By Offering

• Solution
• Services

North America Artificial Intelligence in Marketing Market- By Application

•  Social Media Advertising
• Search Advertising
• Dynamic Pricing
• Virtual Assistant
• Content Curation
• Sales & Marketing Automation
• Analytics Platform
• Others

North America Artificial Intelligence in Marketing Market – By End-Use Industry

• BFSI
• Retail
• Consumer Goods
• Media and Entertainment
• Others

North America Artificial Intelligence in Marketing Market - By Country

• US
• Canada
• Mexico

North America Artificial Intelligence in Marketing Market -Companies Mentioned

• Accenture
• Adobe
• Affectiva
• Amazon Web Services
• Bidalgo
• CognitiveScale
• IBM Corporation
• Microsoft Corporation
• Novantas (Amplero), Inc.
• Oracle Corporation
• Salesforce.com, inc.
• SAP SE
• SAS Institute Inc.
• Xilinx, Inc.   

North America Artificial Intelligence in Market Report Scope