Generative AI Market Achieves USD 12 MILLION IN 2022, Braces for 29.6% CAGR Elevate Until 2030

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.

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Market Insights & Analysis: Generative AI Market (2024-30)

Projected Growth: 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.

Comprehensive Overview of the Generative AI Market

Utilizing both primary and secondary research methodologies, the Generative AI Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.

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Global Generative AI Market Growth Opportunity: Rapid Expansion of Large Language Models (LLMs) to Create Opportunistic Arena for the Progression Innovation in large language models & other generative language modeling tools are streamlining content establishment. LLMs are deep-learning algorithms that can perform a wide range of tasks in natural language processing & tremendously huge data sets to summarize, generate, understand, and estimate new content. They strengthen many systems such as Google’s LaMDA, OpenAI’s GPT-3 & GPT-4 (text), Meta’s LLaMA (chat & code) and help to inspire Open AI’S DALL-E and Mid journey (text-t-image). LLMs have increased over the years with an average of 10x in size and sophistication, which is a profitable opportunity for the LLMs & Generative AI Market.

Generative AI Market Segmentation

By Component

-Software

-Service

By Technology

-Generative Adversarial Networks (GANs)

-Transformers

-Variational Autoencoder (VAE)

-Diffusion Networks

-Retrieval Augmented Generation

The Generative Adversarial Networks (GANs) segment held a significant share of the Generative AI Market in 2022 and is estimated to be dominant in the upcoming years as well.

By Application

-Computer Vision

-NLP

-Robotics & Automation

-Content Generation

-Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)

By Model

-Large Language Models

-Image & Video Generative Models

-Multi-model Generative Models

-Others (Text-to-Text Generative Models, Audio Generative Models, etc.)

By End User

-Media & Entertainment

-BFSI

-Healthcare

-IT & Telecom

-Others (Automotive & Transportation, Gaming, etc.)

Explore More on the Generative AI Market Report Here: https://www.marknteladvisors.com/research-library/generative-ai-market.html

Key Players in the Generative AI Market

The report features 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, and Others

Regional Analysis

The report covers a comprehensive analysis of the Generative AI Market across various regions:

North America: US, Canada
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: GCC, South Africa, Rest of MEA

The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.

Key Questions Answered in the Generative AI Market Report

Who are the major players in the Generative AI Market?
Which region presents the most potential for the Generative AI Market?
Which application area of the Generative AI Market is anticipated to grow significantly in the coming years?
What opportunities exist for new market entrants?
What is the projected market size for the Generative AI Market by the end of the forecast period?
What are the growth prospects for the Generative AI Market?
What is the base year considered in this market report?
Which region holds the largest market share in the Generative AI Market?
What factors are expected to drive the growth of the Generative AI Market?

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.