The global demand for Generative AI Market is presumed to reach the market size of nearly USD 262.41 BN by 2030 from USD 12.22 BN in 2022 with a CAGR of 46.72% under the study period 2023 - 2030.
Generated AI refers to the new technology that is used to develop novel content with the help of existing text, images or files. It is used to produce various content such as text blog posts, images, poems, program code artwork etc. It uses complex machine learning models to detect the underline pattern related to input and predict the next text, image etc. It can detect spam and preprocess data like removing noise, improving picture quality and others. Generative AI can produce photographs of human faces and objects, image-to-image conversion, photo-to-emojis, face ageing, media and entertainment.
The generative AI market growth is driven by the rising adoption of artificial intelligence in different industries, including healthcare. Rising demand for digitalisation and modernized workflow across industries is also contributing to the growth of the market. Machine learning and deep learning are surging the demand for this market. The growth in funding by private and public organizations in artificial intelligence is propelling the demand for this market. An increase in research and development activities and continuous innovation and advancement in technology is anticipated to boost the growth of the generative AI market over the forecast period. The increasing use of generative AI in BFSI, media entertainment, IT and telecom are augmenting the demand for this market
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of generative ai. The growth and trends of generative ai industry provide a holistic approach to this study.
This section of the generative ai market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Technology
By End-Use
This section covers the regional outlook, which accentuates current and future demand for the Generative AI market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the generative ai market include Synthesia, MOSTLY AI Inc., Genie AI Ltd, Amazon Web Services Inc., IBM, Google LLC, Microsoft, Adobe, Rephrase.ai, D-ID. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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