As per this study the Global Computational Creativity Market was valued USD 661.27 MN (by revenue) in 2022 and is anticipated to reach USD 887.05 MN by 2030 with a CAGR of 3.74%.
Computational creativity is a study of designing software to enhance human creativity with the help of computer technology. Computer scientists and experts of psychology and neuroscience work together to explore the roots of creativity in humans and computer often with the help of artificial intelligence (AI). Computer creativity basically involves finding innovative ideas and thought processes in fields like art, literature, cuisine, architecture, engineering, and music.
Market Dynamics
The increasing automation of creative tasks is driving the demand of computer creativity. Growing technological advancements in the field of marketing and web designing, music and photography and videography is again accelerating the market growth. On the other hand, slow digitalization rate may affect the adoption of AI and machine learning negatively in the forecast period. Whereas, rising investments and funding in computational creativity startups and increasing usage of branding, advertising, and marketing campaigns are expected to create potential opportunity over the upcoming years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of computational creativity.
Market Segmentation
The broad computational creativity market has been sub-grouped into deployment, operating system and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Technology
- Natural Language Processing (NLP)
- Machine Learning And Deep Learning (ML And DL)
- Computer Vision
By Components
- Solutions (Software Tools, Platform)
- Services (Professional Services, Managed Services)
By Application
- Marketing And Web Designing
- Product Designing
- Music Composition
- Photography And Videography
- High-End Video Gaming Development
- Automated Story Generation
- Others (Training Simulation And R&D)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for computational creativity in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Computational Creativity Market Size, Share Analysis Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the computational creativity market include IBM (US) Google (US), Microsoft (US), Adobe (US), AWS (US), Autodesk (US), Jukedeck (UK), Humtap (US), Amper Music (US), Automated Creative (UK), ScriptBook (Belgium), B12 (US). The Grid (US), Canva (Australia), Hello Games (UK), Alva (Luxembourg). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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