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Generative AI Market Analysis 2023-2032: Market Size, Share, Growth And Trends | International Business Machines Corporation, iGenie, Mostly AI, Google LLC, D-ID
Generative AI Market
Generative AI Market Size, Growth Rate, And Forecast
The global generative AI market size is expected to grow from $10.28 billion in 2022 to $13.69 billion in 2023 at a compound annual growth rate (CAGR) of 33.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global generative AI market size is expected to reach $42.68 billion in 2027 at a CAGR of 32.9%.
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Generative AI Market Drivers
The increasing usage of artificial intelligence is expected to boost the growth of the generative AI market going forward. Artificial intelligence (AI) refers to the simulation of human intelligence processes by machines, especially computer systems and other smart tools and software's. Generative AI automatically creates incredibly realistic and interactive virtual environments, decreasing the time and effort required to generate these environments while increasing their realism and interactivity.
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Generative AI Market Segments
• By Component: Software, Services.
• By Offering Type: Image, Video, Speech, Other Offering Types.
• By Technology: Generative Adversarial Networks (GANs), Transformer, Variational Autoencoder (VAE), Diffusion Networks.
• By End-User: Media And Entertainment, BFSI (Banking, Financial Services and Insurance), IT And Telecom, Healthcare, Automotive And Transportation, Other End-Users.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Generative AI market.
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Generative AI Market Key Players
Major competitors in the generative AI market include International Business Machines Corporation, iGenie, Mostly AI, Google LLC, D-ID, Amazon Web Services Inc., Rephrase.ai, Microsoft Corporation.
The Business Research Company's "Global Generative AI Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Generative AI Market Include:
1. Executive Summary
2. Generative AI Market Characteristics
3. Generative AI Market Trends And Strategies
4. Generative AI Market - Macro Economic Scenario
5. Generative AI Market Size And Growth
……
26. Africa Generative AI Market
27. Generative AI Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Generative AI Market
29. Generative AI Market Future Outlook and Potential Analysis
30. Appendix
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