The computational creativity global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Computational Creativity Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The computational creativity market size has grown exponentially in recent years. It will grow from $0.82 billion in 2023 to $1.03 billion in 2024 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to increasing complexity of medical coding, growing healthcare data volume, increasing demand for accuracy and compliance, rise of big data analytics, increasing need for faster billing cycles.
The computational creativity market size is expected to see exponential growth in the next few years. It will grow to $2.57 billion in 2028 at a compound annual growth rate (CAGR) of 25.7%. The growth in the forecast period can be attributed to increasing integration with electronic health records (ehrs), increased focus on data security, increasing expansion of telemedicine, rising healthcare costs, increasing patient-centric care initiatives. Major trends in the forecast period include expansion in global markets, user experience and customization, real-time auditing and feedback.
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Scope Of Computational Creativity Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Computational Creativity Market Overview
Market Drivers –
The increase in the adoption of computer-based creative solutions is expected to propel the growth of the computational creativity market going forward. Computer-based creative solutions refer to innovative applications and technologies that harness computer power, artificial intelligence, and algorithms to generate, enhance, or assist in various creative processes across diverse domains. Computer-based creative solutions play an important role in computational creativity by leveraging algorithms and data to generate innovative and artistic outputs, expanding the possibilities of human-machine collaboration in creative expression. For instance, in May 2022, according to The International Business Machines Corporation (IBM), a US-based technology company, 35% of businesses worldwide used artificial intelligence (AI) in 2022, which is an increase of 4% from 2021. Therefore, the increase in the adoption of computer-based creative solutions is driving the growth of the computational creativity market.
Market Trends –
Major companies operating in the computational creativity market are increasing their focus on developing innovative inference platforms to gain a competitive edge in the market. Inference platforms refer to the systems or frameworks that execute pre-trained models on new, unseen data to make predictions or classifications. For instance, in March 2023, NVIDIA, a US-based software company, launched four inference platforms. These platforms were designed to optimize a diverse range of rapidly emerging generative AI applications. The main objective of these platforms is to assist developers in building specialized and AI-powered applications quickly. The platforms comprise NVIDIA’s full stack of inference software along with the latest NVIDIA Ada, NVIDIA Hopper, and NVIDIA Grace Hopper processors. Additionally, they include the NVIDIA L4 Tensor Core GPU and the NVIDIA plate_number_1 GPU. Each platform has been optimized to cater to in-demand workloads, including AI video, image generation, large language model deployment, and recommender inference.
The computational creativity market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Mode: Cloud, On-premise
3) By Application: Product Designing, Marketing And Web Designing, Photography And Videography, Music Composition, Automated Story Generation, High-End Video Gaming Development, Other Applications
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Regional Insights –
North America was the largest region in the computational creativity market in 2023. The regions covered in the computational creativity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the computational creativity market report are Google Inc., Microsoft Corporation, Sony Corporation, Amazon Web Services, Intel Corporation, IBM Corporation, NVIDIA Corporation, Adobe Inc., Autodesk Inc., Canva Inc., Unity Software Inc., OpenAI, Jukin Media, Prisma Labs, EyeEm, Pelican Imaging Corporation, Amper Music Inc., Refik Anadol Studio, DeepArt.io, ScriptBook, Automated Creative, A Hundred Years, Runway ML, Aiva, Artomatix, PaintsChainer, Lumen5
Table of Contents
1. Executive Summary
2. Computational Creativity Market Report Structure
3. Computational Creativity Market Trends And Strategies
4. Computational Creativity Market – Macro Economic Scenario
5. Global Computational Creativity Market Size and Growth
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32. Global Computational Creativity Market Competitive Benchmarking
33. Global Computational Creativity Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Computational Creativity Market
35. Computational Creativity Market Future Outlook and Potential Analysis
36. Appendix
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