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Global Generative AI Market Overview: Latest Trends, Industry Size, Share and Growth Projection
“Markntel Advisors – Leading Market Research Company” has conducted a comprehensive examination of the Global Generative AI Market, encompassing the forecast period from 2024-30. Utilizing data from the historical period of 2019-22, with 2023 serving as the base year, our proficient team of analysts has devoted considerable time to gather and scrutinize the latest market information. The result is a thorough and current report that proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, introduce a new product, or maintain a competitive edge, our research report on the Generative AI Market offers well-researched facts and figures relevant to the industry.
Generative AI Market Value Assessment
The Global Generative AI Market size was valued at around USD 12 million in 2022 and is estimated to grow at a CAGR of about 29.6% during the forecast period, i.e., 2024-30. The market growth is attributed to several factors, such as increasing applications of technologies, like super-resolution & text-to-video conversion, and fueling mandate to modernization workflow across industries, which are influencing the demand for generative AI applications among different sectors.
Industry Recent Developments
- 2023: NVIDIAannounced its partnership with Infosys, a player in next-generation digital services in the world, to boost the world’s enterprises’ productivity with generative AI solutions and applications.
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Generative AI Market Global Reach:
On Geographical Scale, the Market Expand Across the:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Prominent Segments in the Global Generative AI Market
The Generative AI Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A meticulous analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.
The Global Generative AI Market is segmented as follows:
By Component
> Software- Market Size & Forecast 2019-2030F, USD Million
> Service- Market Size & Forecast 2019-2030F, USD Million
By Technology
> Generative Adversarial Networks (GANs)- Market Size & Forecast 2019-2030F, USD Million
> Transformers- Market Size & Forecast 2019-2030F, USD Million
> Variational Autoencoder (VAE)- Market Size & Forecast 2019-2030F, USD Million
> Diffusion Networks- Market Size & Forecast 2019-2030F, USD Million
> Retrieval Augmented Generation- Market Size & Forecast 2019-2030F, USD Million
By Application
> Computer Vision- Market Size & Forecast 2019-2030F, USD Million
> NLP- Market Size & Forecast 2019-2030F, USD Million
> Robotics & Automation- Market Size & Forecast 2019-2030F, USD Million
> Content Generation- Market Size & Forecast 2019-2030F, USD Million
> Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Model
> Large Language Models- Market Size & Forecast 2019-2030F, USD Million
> Image & Video Generative Models- Market Size & Forecast 2019-2030F, USD Million
> Multi-model Generative Models- Market Size & Forecast 2019-2030F, USD Million
> Others (Text-to-Text Generative Models, Audio Generative Models, etc.)- Market Size & Forecast 2019-2030F, USD Million
By End User
> Media & Entertainment- Market Size & Forecast 2019-2030F, USD Million
> BFSI- Market Size & Forecast 2019-2030F, USD Million
> Healthcare- Market Size & Forecast 2019-2030F, USD Million
> IT & Telecom- Market Size & Forecast 2019-2030F, USD Million
> Others (Automotive & Transportation, Gaming, etc.)- Market Size & Forecast 2019-2030F, USD Million
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Leading Generative AI Companies and Their Geographical Dominance
The report delves into key market players and thoroughly examines their strategic approaches, trends, innovations, and manufacturing infrastructure to project their anticipated market presence over the next five years. The meticulously researched data has the capability to differentiate even novice entrants in the long term. Armed with pertinent data and actionable insights, our research report presents a comprehensive landscape of the market, empowering investors and stakeholders to establish a robust position in the Generative AI market. Highlighted in the research report are major players, including:
> IBM Corporation
> Google LLC
> Amazon Web Services
> Adobe
> Microsoft Corporation
> Rephrase.ai
> Meta
> Genie AI Ltd.
> MOSTLY AI Inc.
> NVIDIA
> Insilico Medicine
> Open AI
> Synthesia
> Giphy
> Lumen 5
accompanied by their respective net worth and valuation in USD.
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Key Questions Answered in this Generative AI Market Analysis Report
- What is the current size of the Generative AI Market, and what factors contribute to its growth or contraction?
- How does the Generative AI Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
- What growth trends are emerging in the Generative AI Market, and how are these trends expected to evolve in the foreseeable future?
- What is the demand outlook for the Generative AI Market, and how is it influenced by industry-specific factors and broader economic trends?
- What opportunities exist in the Generative AI Market for investors, and what are the latest investment trends and preferences in this sector?
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