Generative AI Market size was valued at USD 10.5 Bn in 2022 and is expected to reach USD 88.06 Bn by 2029, at a CAGR of 35.5% over the forecast period.
Generative AI Market Report Overview
The main objective of the Generative AI Market research from MMR is to help businesses make wise decisions. This helps them pinpoint areas in need of development, identify those that are operating efficiently currently, and mentor newcomers as they make their way through and establish themselves in the competitive environment. The competitive landscape—which includes revenue numbers for each player—gives clients the information they need to develop strategies that will increase their presence in the Generative AI industry.
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Generative AI Market Report Scope and Research Methodology
The Generative AI market report’s main objective is to provide a thorough analysis in an understandable manner. The study covers important players and important aspects of the Generative AI market, analyzed using a range of metrics such as volume, share, growth, and strategies. This study offers strategic insights to potential newcomers as well as helping established firms improve their business strategy.
The Generative AI market landscape is carefully examined in MMR’s research, which identifies the leading international businesses based on variables like volume, share, strategies, and growth. The research provides strategic advice to current industry players as well as prospective new entrants looking to join the Generative AI sector. The study for the Generative AI market offers a comprehensive analysis of share distribution worldwide.
Generative AI Market Regional Insights
The report provides a detailed analysis of Generative AI market dynamics with market size and share in each region and country:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- South America
Generative AI Market Segmentation
by Technology
Generative Adversarial Networks (GANs)
Variational Autoencoders (VAEs)
Transformers
Deep Boltzmann Machines (DBMs)
Recurrent Neural Networks (RNNs) and LSTM
Others
The market is divided into categories based on technology: Transformers, Deep Boltzmann Machines (DBMs), Recurrent Neural Networks (RNNs) and LSTM, Transformers, Variational Autoencoders (VAEs), Generative Adversarial Networks (GANs), and Others. The market was led by the Generative Adversarial Networks (GANs) segment in 2022, and during the forecast period, it is anticipated to hold the biggest share of the Generative AI market. The scientific community has put a lot of work into enhancing GANs and resolving their shortcomings. The performance and stability of GANs have been continuously improved by new architectures, loss functions, and training methods, increasing its appeal for practical applications. Because of GANs’ capacity to produce believable content and offer customers individualized experiences, a wide range of businesses and sectors have adopted them, which is anticipated to accelerate market segment growth.
by Application
Image and Video Generation
Text and Language Generation
Music and Audio Generation
Data Augmentation
Creative Content Generation
Virtual Reality (VR) and Augmented Reality (AR)
Drug Discovery and Molecular Design
Autonomous Systems and Robotics
Others
by Deployment Mode
On-Premises
Cloud-based
by End-User
Entertainment and Gaming
Healthcare and Life Sciences
Design and Creative Industries
Finance and Investment
Automotive and Transportation
E-commerce and Retail
Education and Research
Manufacturing and Robotics
Others
The market is divided into end-user segments according to the following: entertainment and gaming, manufacturing and robotics, healthcare and life sciences, design and creative industries, finance and investment, automotive and transportation, e-commerce and retail, education and research, and others. The entertainment and gaming sector, which had the biggest share of the generative AI market in 2022, is predicted to grow at a rapid rate in the coming years.
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Generative AI Market Key Players
1. Sequoia Capital
2. OpenAI
3. NVIDIA
4. Alphasense Inc.
5. Synthesia
6. Rephrase.ai
7. MOSTLY AI Inc
8. Google
9. Microsoft
10. IBM
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Key questions answered in the Generative AI Market are:
- What are the Generative AI Market segments?
- Which Generative AI market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Generative AI market during the forecast period?
- Who are the top players in the Generative AI industry?
- What is the expected Generative AI Market size by 2029?
- What was the Generative AI Market size in 2022?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Generative AI market share in 2022?
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