The Global 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 Overview
The report provides a comprehensive overview of the Generative AI Market including its most recent revenue and trends, as well as its definition, overview, and structure. The primary and secondary data has been compiled to ensure that the Generative AI market report is authentic and error-free.
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Generative AI Market Report Scope and Research Methodology
The report provides an in-depth analysis of the Generative AI market, including meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. A bottom-up approach was used to estimate the Generative AI market size. Key players in the Generative AI industry were identified through secondary research, and their market revenues were determined through primary and secondary research. Secondary research included a review of annual and financial reports of Generative AI leading players, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. The Generative AI market structure by country, with market share by market leaders, market followers, and local players, makes this report a comprehensive and insightful industry outlook. The report also covers mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the Generative AI market by region, by investment, and their strategic intent.
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Generative AI Market Regional Insights
The report is segmented into several key countries, with market size, growth rate, import and export of Generative AI market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
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.
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
The market is divided into several segments based on application, including drug discovery and molecular design, autonomous systems and robotics, image and video generation, text and language generation, music and audio generation, data augmentation, creative content generation, virtual reality (VR) and augmented reality (AR), and others. Over the course of the forecast period, the image and video generation sector is anticipated to lead the generative AI market. Applications for creating images and videos provide realistic and aesthetically pleasing content.
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. Giving consumers engaging and beautiful experiences is highly valued in the entertainment and gaming sectors. The production of realistic and aesthetically pleasing material is made possible by generative AI, which raises user pleasure and engagement.
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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
11. Facebook AI Research (FAIR)
12. Adobe
13. Apple
14. Salesforce
15. Intel
16. Amazon Web Services (AWS)
17. Siemens
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Key Questions answered in the Generative AI Market Report are:
- What is Generative AI?
- What is the expected CAGR of the Generative AI market during the forecast period?
- What is the expected Generative AI market size by the end of the forecast period?
- What are Generative AI market segments?
- Which segment of the Generative AI market is expected to grow rapidly during the forecast period?
- Who are the key players in the Generative AI market?
- What key trends are expected to emerge in the Generative AI market in the coming years?
- What are the factors restraining the Generative AI market growth?
- Which regional Generative AI market is expected to grow at a high rate during the forecast period?
- Which region held the largest Generative AI market share in 2022?
Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Regional Insights
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Industry Recommendations
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