Generative AI Market Size, Growth Analysis, Latest Industry Trends and Future Outlook by 2030
Generative AI Market Size, Growth Analysis, Latest Industry Trends and Future Outlook by 2030
MarkNtel Advisors has recently study an extensive market intelligence analysis on the Global Generative AI Market. The newly released report showcases an engaging format enriched with visually compelling tables, graphs, charts, and figures. These seamlessly integrated visual aids are designed to bolster the accuracy and clarity of the information presented, offering readers a thorough grasp of the topic at hand.
Get Free Sample of the Report – https://www.marknteladvisors.com/query/request-sample/generative-ai-market.html
How big is the Generative AI market?
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.
Factors Influencing Generative AI Market Growth: An Analysis of Market Drivers:
Growing Awareness About Generative AI to Thrive Market Growth – The surging consciousness about Generative AI acts as a key driver of the Generative AI Market. Conventional AI-driven conversational interfaces are often limited by predefined instructions, resulting in inadequate responses due to their inability to fully comprehend user queries. Generative AI, on the other hand, addresses this issue by understanding, learning, and formulating chat responses based on context and intent.
These generative models rely on virtual assistants, incorporating technologies like chatbots, deep learning, NLP (Natural Language Processing), NGL (Natural Language Generation), and LLM (Large Language Models). As a result, this empowers intelligent virtual assistants and other conversational interfaces to engage with users in a more human-like manner. As consumers become more aware of the advantages of generative AI, its adoption is on the rise for various applications. The user-friendly nature & benefits provided by generative AI are expected to contribute to boosting the Generative AI Market growth in the foreseeable future.
Geographical Insight: Generative AI Industry
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Among them, North America held the largest share of around 40.2% in 2022 and is anticipated to grow at the fastest pace over the future years. This is due to the rise in pseudo-imagination & medical care and surging banking scams. The presence of numerous key players such as Google LLC, Meta, Nvidia, OpenAI, Microsoft, and other developed technology organizations is also aiding in uplifting the market’s growth graph.
Click the Link to See Our Comprehensive Study [Include Description + TOC], – https://www.marknteladvisors.com/research-library/generative-ai-market.html
Competitor Breakdown: Global Generative AI Market
In the fast-changing Global Generative AI Market, understanding what our competitors are doing is really important. By carefully looking at things, we figure out who the major market players are, what they’re good at, and where they’re not so good. This helps us make smart choices and do well in the competition. Understanding our rivals helps to grow fast and do their best. By keeping a close eye on our competitors and changing our approach when needed, we stay ahead and grab opportunities for growth. Also, watching what customers like and how the market is changing helps stay ahead of the competition.
Names of major industry players are 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.
Segmentation Analysis: Generative AI Market
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
Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.
For Customized Report Sent Your Enquiry Here – https://www.marknteladvisors.com/query/request-customization/generative-ai-market.html
Why This Report:
- Extensive Industry Coverage: Our reports cover a wide array of industries, providing in-depth insights and analysis across 15 diverse industrial verticals. This comprehensive coverage ensures that clients have access to a broad spectrum of relevant information.
- Global Reach: With a presence in over 80 countries across various regions, including America, Asia-Pacific, Europe, the Middle East & Africa, and countries such as the US, India, the Netherlands, Saudi Arabia, and the UAE, our reports offer insights from a global perspective, enabling clients to make informed decisions in both established and emerging markets.
- Quality Data and Information: Our team of experienced market research professionals excels in capturing valuable and minute market information to provide clients with accurate and reliable data for informed decision-making. This emphasis on quality ensures that our reports deliver satisfactory details to our clients.
- Strategic Insights: Our reports go beyond providing data to clients. We offer strategically-moving insights to help clients formulate informed strategies in various areas such as Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, and trend analysis.
- In-depth Regional and Country-based Trends: We provide insights into regional and country-based trends within industries, allowing clients to gain a clear understanding of the market landscape in specific geographic areas.
About US
We are a leading consulting, data analytics, and market research company 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.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 (USA) | +91 120 4278433 (India)
Email: sales@marknteladvisors.com
Address: Corporate Office: Office No.106, H-160, Sector 63, Noida,
Uttar Pradesh – 201301, India
