Press release
Generative AI Market is Dazzling Worldwide and Forecast to 2030
Before 2022 generative AI market was nothing but a whisper in the market but with the launch of ChatGPT, the market became the hot topic for companies to implement and innovate the generative AI. From nothing to growing at a CAGR of 48.5% during the forecasted period (2022-2030), generative AI is the fastest-growing market across various industries. The growth of the market is majorly driven by the innovation brought by the key market players and the evolution of technology like AI and Deep Learning. Rising demand for generative AI tools to modernize and automate workflow across organizations is contributing to market growth.To Request a Sample of our Report on Generative AI Market:https://www.omrglobal.com/request-sample/generative-ai-market
Recent Developments in Generative AI Market by Key Market Players-
Microsoft is one of the biggest players in the generative AI market and is bringing various innovations and strategic partnerships in the industry to increase the adoption of generative AI tools and products among various industries. For instance, in January 2024, Microsoft unveiled new generative AI and data solutions across the shopper journey, offering copilot experiences through Microsoft Cloud for Retail. In another instance from Microsoft in January 2024, Microsoft and Vodafone signed a 10-year strategic partnership to bring generative AI, digital services, and the cloud to more than 300 million businesses and consumers.
In January 2024, MASTEK announced a strategic collaboration with Microsoft. The collaboration is focused on pioneering innovative solutions to implement the capabilities of Microsoft Azure OpenAI Service and Azure AI Services for the retail, healthcare, manufacturing, financial services, and public sector industries through the integration of generative AI capabilities.
Google, the biggest software and technology organization in the world is constantly upgrading and innovating its current products by integrating generative AI for enhanced customer experience. For instance, in January 2024, Google announced updates to Chrome. Google will be adding 3 generative AI features in Chrome for a more personalized experience for the users. With the help of these tools, users can organize tabs, create custom themes, and get help with writing on the web. In another update, Google is expanding its strategic partnership with other brands to provide generative AI services. For instance, in January 2024, Google Cloud and Samsung joined forces to bring Generative AI to the Samsung Galaxy S24 Series. In this collaboration, Google will deploy Gemini Pro and Imagen 2 in producing new text, voice, and image features on the new Samsung Galaxy S24 series.
OpenAI, the pioneer of innovation in the generative AI market is consistently improving its technology and expanding its reach by collaborating with different brands and governments to keep its strong position in the market. For instance, in January 2024, OpenAI launched its GPT store in which brands can find or customize the most suitable GPT version for their businesses. OpenAI is not limiting its capabilities to brands only but is also being used by governments across the globe. For instance, in January 2024, the Shapiro Administration and OpenAI launched a first-in-the-nation Generative AI Pilot for commonwealth employees.
IBM, the leading technology giant in the globe is rapidly increasing its presence in the global generative AI market by bringing innovation and collaboration. The company is providing generative AI software and solutions for various industries. For instance, in January 2024, IBM and GSMA collaborated to support the adoption and skills of generative artificial intelligence (AI) in the telecom industry through the launch of GSMA Advance's AI Training program and the GSMA Foundry Generative AI program. Furthermore, in January 2024, IBM and SAP collaborated to develop solutions to help clients in the consumer packaged goods and retail industries enhance their supply chain, finance operations, sales, and services using generative AI.
Amazon Web Services (AWS), a leading provider of cloud computing programs has been dropping the launch of various generative AI updates, tools, and strategies in collaboration with various brands across the globe. AWS is building infrastructure for the development of a generative AI innovation center. For instance, in June 2023, AWS invested $100 million in a project to connect AWS machine learning and artificial intelligence experts with customers and partners globally to accelerate enterprise innovation and success with a generative AI innovation center. Furthermore, AWS collaborated with Siemens to make generative AI easily accessible to application developers across the Siemens Xcelerator ecosystem.
A full Report of Generative AI Market is Available @ https://www.omrglobal.com/industry-reports/generative-ai-market
The generative AI market is rapidly evolving and there is so much more that is happening around the market. Current leading players in the market are Adobe, Amazon Web Services (AWS), Google, IBM Corporation, OpenAI, Microsoft, and SAP SE, among others are driving growth, innovation, and technological infrastructure in the market. Strategic mergers, acquisitions, partnerships, and collaborations among key market players are driving market growth. For instance, in January 2024, Capgemini and AWS expanded strategic collaboration to enable broad enterprise generative AI adoption as a part of Capgemini's $2.2 billion investment in AI. This expanded collaboration will also accelerate the deployment of innovative industry-specific and functional use cases using Amazon Bedrock to access a range of secure, high-performing foundational models, including Amazon Titan.
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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Generative AI Market is Dazzling Worldwide and Forecast to 2030 here
News-ID: 3383955 • Views: …
More Releases from Orion Market Research

Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, …
Infrastructure as Code (IaC) Service Market was valued at approximately USD 0.932 billion, and it's projected to expand to around USD 7.509 billion by 2033, achieving a robust CAGR of 23.2% from 2024 to 2033.
Infrastructure as Code (IaC) Service Market Overview
The Infrastructure as Code (IaC) Service Market is experiencing remarkable expansion, fueled by the escalating need for scalable, automated infrastructure deployment across cloud and enterprise environments. In 2023, the market…

Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to …
Ultra High‐Performance Liquid Chromatography (UHPLC) Columns Market is estimated to be valued at USD 2.5 billion, and is projected to grow to approximately USD 4.8 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.8% from 2024 to 2033.
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market Overview
The UHPLC columns market is on a strong growth trajectory, fueled by increasing demand for rapid, high-resolution analytical techniques across pharmaceuticals, biotechnology,…

Property Management Service Market Rising Demand and Growth Forecast Through 203 …
Property Management Service Market was valued at approximately USD 17.3 billion. It is anticipated to reach around USD 32.0 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2033.
Property Management Service Market Overview
The Property Management Service Market is witnessing steady growth due to increasing urbanization, rising investments in real estate, and a growing demand for outsourced property management solutions. Property owners are increasingly…

5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSili …
The global 5G chipset market was valued at USD 33.75 billion in 2024 and is projected to reach USD 502.66 billion by 2033, growing at a compound annual growth rate (CAGR) of 35% from 2025 to 2033.
5G Chipset Market Overview
The 5G chipset market is experiencing rapid growth, driven by the global rollout of 5G networks and the increasing demand for high-speed, low-latency connectivity across various applications, including smartphones, IoT…
More Releases for January
Ordorite software exhibits in January Furniture Show, NEC Birmingham on 19-22 Ja …
Ordorite is delighted to exhibiting at the January Furniture Show at National Exhibition Center in Birmingham. This is going to be an event where serious buyers and exhibitors come together to do business in the heart of the UK. It is being seen industry’s most important and comprehensive event.
Ordorite furniture retail software is the all-in-one retail management software specifically built and designed to help furniture and bedding retailers manage all…
Knicker Locker's Big January Sale
Knicker Locker will be having some fantastic online offers starting from the 1st January 2019.
As part of our January sale, we will have up to 40% off seasonal lingerie including brands, Huit, Freya and Wacoal. This includes camisoles, basques, mastectomy bras and sports bras.
We will also be offering a clearance sale with up to 50% off all our gorgeous nightwear collection and even up to 40% off designer swimwear just…
Four ways to rescue January
Amsterdam, 16 January 2017 – Of all the months of the year, January has precious little going for it. Holiday festivities are over, the tree has been taken down and the glitter swept away, and ahead are freezing-cold, dark weeks seriously lacking in sparkle. If hibernating until spring isn’t an option, the alternative is to find ways to enjoy it. MMD, a leading technology company and brand license partner for…
UK House Prices Drop in January
House prices dropped by 0.2 per cent in January according to Nationwide’s latest house price index.
The average house price is £162,228 and the decrease in property prices follows the second monthly fall in a row after a 0.2% fall was recorded in December 2011. However house prices remain 0.6% higher than they did a year ago.
Possible lessening numbers of homes coming onto market means prices are likely to drop…
TheMoveChannel.com's Investment Property Watch - January 2008
Prime real estate in emerging locations was the flavor of the month in December on TheMoveChannel.com, with some unusual destinations dominating the top 10 list of investment properties on the site.
December’s top ten makes interesting reading, as it shows that prospective investors are fearlessly ignoring established markets like France and Spain, broadening their horizons and scouring far flung destinations for their next big property investment.
With Bulgaria’s newly anointed position as…
Analytiqa: Logistics Bulletin: Friday 26th January
This week\'s Logistics Bulletin reports on joint ventures and M&A activity from across the globe. Kerry Logistics and TALKE Logistic Services have signed a joint venture agreement to provide a full range of specialist chemical logistics services throughout mainland China. In the US, Swift Transportation is to be acquired in an all-cash transaction valued at approximately US$2.74 billion. Swift operates the largest truckload fleet in the US with over 17,900…