The U.S. federal Artificial Intelligence (AI) market will grow at the robust two-digit growth rate to reach $28 Billion by 2024, this is a conclusion of a market study based on responses of IT professionals setting the ground for federal AI framework encompassing cross-cutting issues such as AI research & development (R&D), workforce development, regulatory barriers to AI innovation, and sector-specific applications of AI. The Federal Government’s investment in unclassified R&D for AI and related technologies has already grown by over 40% since 2015, in addition to substantial classified investments across the defense and intelligence communities.
On May 10, 2018, the White House hosted the Artificial Intelligence for American Industry summit, to discuss the promise of AI and the policies to maintain U.S. leadership in the age of artificial intelligence. Analyst of Market Research Media interviewed over 100 senior government officials, technical experts from top academic institutions, heads of industrial research labs, and American business leaders who are adopting AI technologies to benefit their customers, workers, and shareholders. In addition to senior staff from the White House, Federal participants included senior officials from the National Science Foundation, the Office of the Director of National Intelligence, and the Departments of Agriculture, Commerce, Defense, Energy, Health & Human Services, Labor, Transportation, and Treasury. The breadth of representation from senior officials across the Federal Government speaks to the critical nature of this topic and highlights the commitment of the Administration to leverage AI technologies across agency missions.
The report differentiates between two tiers of federal government investment activities, with the primary focus on critical infrastructure sectors such as cybersecurity, national security, automated vehicles and financial services:
- investments in AI technologies supporting agency missions
- investments in the creation of a regulatory framework for AI development nation-wide, industry-wide and economy-wide.
The report provides detailed year-by-year forecasts:
- by AI technology, infrastructure & service segments, including those related to autonomous systems, biometric identification, computer vision, human-computer interactions, machine learning, natural language processing, and robotics.
- by the defense, civilian and intelligence agencies,
- by mission areas.
Who should buy the report:
- Federal agencies setting up AI goals, policies, and budgets
- Federal IT contractors modernizing government legacy systems and enhancing systems in place with AI capabilities
- AI policy stakeholders, regulators and lobbyists, all those defining defining AI framework
- Technology startups leading in AI development
- Venture capital firms investing in emerging AI technologies.