North America AI Data Management Market Forecast to 2031

At 22.6% CAGR, North America AI Data Management Market is Speculated to be Worth US$ 41,979.87 Million by 2031, says The Research Team

According toThe Research Team’ research, the North America AI data management market was valued at US$ 8,249.57 million in 2023 and is expected to reach US$ 41,979.87 million by 2031, registering a CAGR of 22.6% from 2023 to 2031. Real-time data processing and growing investment in AI technology are among the critical factors attributed to drive the North America AI data management market growth.

AI has revolutionized the way businesses operate, particularly in the area of real-time data processing. Organizations are focused on continuously seeking ways to harness the ever-increasing amount of data being generated every second to gain valuable insights and make informed decisions. This makes AI a powerful tool that offers numerous benefits to industries involved with real-time data processing. AI-based software help industries in handling huge volumes of data in real time with speed and efficiency. This allows businesses to make rapid decisions based on up-to-date information. As a result, there is a rise in the demand for real-time data processing in numerous industries such as BFSI, IT & telecom, retail & e-commerce, and healthcare for making important business decisions based on real-time data.

Moreover, the growing demand for real-time data processing tools among industries encourages software companies to develop innovative solutions. For instance, in January 2024, Microsoft Corp launched a new generative AI and data solution for retailers at NRF 2024: Retail’s Big Show. This solution supports retailers in empowering store associates, personalized shopping experiences, unlocking & unifying retail data, and helping brands to reach their audiences more effectively.

Thus, the growing adoption of real-time data processing is anticipated to fuel the AI data management market growth in the coming years.

On the contrary, issues related to availability of high-quality data hamper the growth of North America AI data management market.

Based on offering, the North America AI data management market is bifurcated into solution and service. The solution segment held 78.7% market share in 2023, amassing US$ 6,493.84 million. It is projected to garner US$ 33,667.91 million by 2031 to register 22.8% CAGR during 2023-2031.

In terms of deployment, the North America AI data management market is segmented into on-premise and cloud. The cloud segment held 73.8% share of North America AI data management market in 2023, amassing US$ 6,086.79 million. It is anticipated to garner US$ 30,271.14 million by 2031 to expand at 22.2% CAGR during 2023-2031.

By technology, the North America AI data management market is divided into machine learning, natural language processing (NLP), computer vision, and context awareness computing. The machine learning segment held 40.4% share of North America AI data management market in 2023, amassing US$ 3,333.77 million. It is projected to garner US$ 18,054.43 million by 2031 to expand at 23.5% CAGR from 2023 to 2031.

Based on industry vertical, the North America AI data management market is categorized into BFSI, retail & e-commerce, IT & telecom, healthcare, government, and others. The BFSI segment held 24.6% share of North America AI data management market in 2023, amassing US$ 2,032.38 million. It is predicted to garner US$ 11,956.97 million by 2031 to expand at 24.8% CAGR between 2023 and 2031.

Based on country, the North America AI data management market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.6% share of North America AI data management market in 2023. It was assessed at US$ 6,734.12 million in 2023 and is likely to hit US$ 34,826.02 million by 2031, registering a CAGR of 22.8% during 2023-2031.

Key players operating in the North America AI data management market are Microsoft Corp, Alphabet Inc, Oracle Corp, International Business Machines Corp, Salesforce Inc, SAP SE, Hewlett Packard Enterprise Co, SAS Institute Inc, Snowflake Inc, and Amazon com Inc, among others.

In 2024, International Business Machines Corp provides watsonx AI and data platform to Wipro Limited for launching Wipro Enterprise Artificial Intelligence (AI)-Ready Platform. This new service will allow clients to create their enterprise-level, fully integrated, and customized AI environments. The Wipro Enterprise AI-Ready Platform leverages the IBM watsonx AI and data platform, including watsonx.ai, watsonx.data, and watsonx.governance and AI assistants, to deliver to clients an interoperable service that helps accelerate AI adoption. including watsonx.ai, watsonx.data, and watsonx.governance and AI assistants to launch of Wipro Enterprise Artificial Intelligence (AI)-Ready Platform.

In 2023, Amazon.com, Inc. company and Salesforce announced a significant expansion of their long-standing, global strategic partnership, deepening product integrations across data and artificial intelligence (AI), and, for the first time, offering select Salesforce products on the AWS Marketplace.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America AI data management market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America AI data management market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America AI data management market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America AI Data Management Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. North America AI Data Management Market – Key Market Dynamics
5.1 North America AI Data Management Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Advancements in AI and ML-Based Data Management Software
5.2.2 Surge in Partnerships and Acquisitions Among Key Market Players
5.2.3 Expansion of BFSI Industry and Rise in Financial Transactions
5.3 Market Restraints
5.3.1 Issues Related to Availability of High-Quality Data
5.3.2 High Costs Associated with AI Data Management Software
5.4 Market Opportunities
5.4.1 Rising Adoption of Personalized and Adaptive Systems among Consumers
5.4.2 Growing Investment in AI Technology
5.5 Future Trends
5.5.1 Real-time Data Processing
5.6 Impact of Drivers and Restraints:
6. AI Data Management Market – North America Market Analysis
6.1 North America AI Data Management Market Revenue (US$ Million), 2021-2031
6.2 North America AI Data Management Market Forecast Analysis
7. North America AI Data Management Market Analysis – by Offering
7.1 Solution
7.1.1 Overview
7.1.2 Solution: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Service
7.2.1 Overview.
7.2.2 Service: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
8. North America AI Data Management Market Analysis – by Deployment
8.1 On-premise
8.1.1 Overview
8.1.2 On-premise: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9. North America AI Data Management Market Analysis – by Technology
9.1 Machine Learning
9.1.1 Overview
9.1.2 Machine Learning: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Natural Language Processing (NLP)
9.2.1 Overview
9.2.2 Natural Language Processing (NLP): North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Computer Vision
9.3.1 Overview
9.3.2 Computer Vision: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Context Awareness Computing
9.4.1 Overview
9.4.2 Context Awareness Computing: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10. North America AI Data Management Market Analysis – by Industry Vertical
10.1 BFSI
10.1.1 Overview
10.1.2 BFSI: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Retail and E-Commerce
10.2.1 Overview
10.2.2 Retail and E-Commerce: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.3 IT and Telecom
10.3.1 Overview
10.3.2 IT and Telecom: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Healthcare
10.4.1 Overview
10.4.2 Healthcare: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Government
10.5.1 Overview
10.5.2 Government: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11. North America AI Data Management Market – Country Analysis
11.1 North America
11.1.1 North America AI Data Management Market Overview
11.1.2 North America: AI Data Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
11.1.2.1 North America: AI Data Management Market – Revenue and Forecast Analysis – by Country
11.1.2.2 United States: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.2.1 United States: AI Data Management Market Breakdown, by Offering
11.1.2.2.2 United States: AI Data Management Market Breakdown, by Deployment
11.1.2.2.3 United States: AI Data Management Market Breakdown, by Technology
11.1.2.2.4 United States: AI Data Management Market Breakdown, by Industry Vertical
11.1.2.3 Canada: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.3.1 Canada: AI Data Management Market Breakdown, by Offering
11.1.2.3.2 Canada: AI Data Management Market Breakdown, by Deployment
11.1.2.3.3 Canada: AI Data Management Market Breakdown, by Technology
11.1.2.3.4 Canada: AI Data Management Market Breakdown, by Industry Vertical
11.1.2.4 Mexico: AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.4.1 Mexico: AI Data Management Market Breakdown, by Offering
11.1.2.4.2 Mexico: AI Data Management Market Breakdown, by Deployment
11.1.2.4.3 Mexico: AI Data Management Market Breakdown, by Technology
11.1.2.4.4 Mexico: AI Data Management Market Breakdown, by Industry Vertical
12. Competitive Landscape
12.1 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
14. Company Profiles
14.1 Microsoft Corp
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 Alphabet Inc
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 Oracle 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 International Business Machines Corp
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 Salesforce Inc
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 SAP SE
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 Hewlett Packard Enterprise Co
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 SAS Institute Inc
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 Snowflake Inc
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 Amazon.com 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 Research Team

LIST OF TABLES

Table 1. North America AI Data Management Market Segmentation
Table 2. List of Vendors
Table 3. North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Offering
Table 5. North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 6. North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 7. North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 8. North America: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. United States: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 10. United States: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 11. United States: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 12. United States: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 13. Canada: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 14. Canada: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 15. Canada: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 16. Canada: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 17. Mexico: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Offering
Table 18. Mexico: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 19. Mexico: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 20. Mexico: AI Data Management Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical

LIST OF FIGURES

Figure 1. North America AI Data Management Market Segmentation, by Country
Figure 2. Ecosystem: North America AI Data Management Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. North America AI Data Management Market Revenue (US$ Million), 2021-2031
Figure 5. North America AI Data Management Market Share (%) – by Offering (2023 and 2031)
Figure 6. Solution: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Service: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. North America AI Data Management Market Share (%) – by Deployment (2023 and 2031)
Figure 9. On-premise: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Cloud: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. North America AI Data Management Market Share (%) – by Technology (2023 and 2031)
Figure 12. Machine Learning: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Natural Language Processing (NLP): North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Computer Vision: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Context Awareness Computing: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. North America AI Data Management Market Share (%) – by Industry Vertical (2023 and 2031)
Figure 17. BFSI: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Retail and E-Commerce: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. IT and Telecom: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Healthcare: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Government: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Others: North America AI Data Management Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. North America: AI Data Management Market Breakdown, by Key Countries, (2023) (US$ Mn)
Figure 24. North America: AI Data Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 25. United States: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Canada: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Mexico: AI Data Management Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. Company Positioning & Concentration