Press release
Computational Creativity Market Value Projected to Expand by 2028
The global computational creativity market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to boost the market growth include automation of creative tasks and adoption of computational creativity solutions which would improve the creative process. Moreover, increasing demand for the improvement of creative processes and efficiency of creative professionals is another factor that is expected to drive machine learning (ML) and deep learning technologies, which in turn will boost the market growth during the forecast period. Computational creativity in product designing is playing a crucial role by acting as a creative tool to engineers and product designers. With the support of AI-powered creative solutions, it is possible to generate a wide range of design options for products in less time, which would otherwise take a lot of time for human designers. The generative product design approach is useful to various industries, such as automation, aerospace, architecture, industrial machinery, consumer goods as well as building products to develop innovative designs.To Request a Sample of our Report on Computational Creativity Market: https://www.omrglobal.com/request-sample/computational-creativity-market
Furthermore, some other factors that are anticipated to propel the market growth include growing investments in computational creativity technologies, the presence of the maximum number of computational creativity solution providers, and increasing government spending on AI technologies. In order to maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
Recent Development:
In November 2018, IBM partnered with Kronos Incorporated, a US-based multi-national workforce management software and services company, to help improve the engagement, performance, career development, and retention of hourly workers and simplify the complex task of managing this important segment of the global workforce.
In August 2018, Adobe (US) collaborated with Nimble Collective, a provider of cloud-based animation platform. With the collaboration, Nimble Collective aims to integrate Adobe Creative Cloud into its Virtual Studio Platform. The integration would support the Virtual Studio Platform users achieve efficient work environment for all the steps of animation production.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Component
By Deployment
By Application
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: IBM Corp., Google LLC, and Microsoft Corp., among others.
A full Report of Computational Creativity Market is Available @ https://www.omrglobal.com/industry-reports/computational-creativity-market
Global Computational Creativity Market Report by Segment
By Component
Solution
Service
By Deployment
On-Premise
Cloud
By Application
Product Designing
Marketing and Web Designing
Photography and Videography
Music Composition
Automated Story Generation
High-End Video Gaming Development
Others
Global Computational Creativity Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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