Generative AI Market worth $125.93 billion by 2030, growing at a CAGR of 33.24% - Exclusive Report by 360iResearch

The "Generative AI Market by Offering (Services, Software), Application (Chatbot & Virtual Assistance, Computer Vision, ML-based Predictive Modeling), End-use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Generative AI Market to grow from USD 16.89 billion in 2023 to USD 125.93 billion by 2030, at a CAGR of 33.24%.

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Generative AI is characterized by developing, implementing, and integrating advanced artificial intelligence technologies that leverage machine learning algorithms and deep learning methods to create new content, designs, or data outputs autonomously. The generative AI market's growth includes increasing adoption of text-to-image conversion and text-to-video conversion applications. Furthermore, broadening the use of generative AI in visual applications is driving market growth. In contrast, growing concerns regarding data security, privacy, and output accuracy hamper the market. However, the emergence of fully automated generative AI, increasing demand for personalized content, integration with emerging technologies like IoT and AR/VR, and data-driven decision-making. Furthermore, several players are focusing on federated learning approaches to ensure data security while maintaining user privacy is an opportunity for this market.

In the Americas, particularly in the United States and Canada, generative AI has been used extensively for enhancing customer experiences through personalized recommendations and targeted marketing strategies. This can be attributed to the presence of leading technology firms that are driving innovations in this field. Additionally, sectors like healthcare and pharmaceuticals have employed generative AI for drug discovery and optimizing patient care. In Asia-Pacific countries such as China, Japan, South Korea, Singapore, and India; there is a growing interest in generative AI applications focused on smart cities development that includes transportation planning, urban infrastructure maintenance as well as energy optimization. European countries such as Germany, France, United Kingdom along with the Nordic countries, show a keen interest in generative AI. They are majorly focused on sustainability and eco-friendly practices by utilizing this technology for smart energy grids, waste management optimization, and agriculture. Moreover, industries like automotive and aerospace in Europe use generative AI for design and simulation processes to enhance product development efficiency.

Market Segmentation & Coverage:

This research report categorizes the Generative AI Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Offering, market is studied across Services and Software. The Software is projected to witness significant market share during forecast period.

Based on Application, market is studied across Chatbot & Virtual Assistance, Computer Vision, ML-based Predictive Modeling, Natural Language Processing (NLP), Robotics & Automation, and Speech Recognition. The Speech Recognition is projected to witness significant market share during forecast period.

Based on End-use, market is studied across Automotive & Transportation, BFSI, Energy, Gaming, Government, Healthcare, IT & Telecommunication, Media & Entertainment, and Retail. The BFSI is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 43.14% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Generative AI Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Generative AI Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Generative AI Market, highlighting leading vendors and their innovative profiles. These include AI21 Labs Ltd., Amazon Web Services, Inc., Anthropic PBC, AssemblyAI, Clarifai, Inc., Codacy, Databricks, DeepL Translator, Dialpad, Inc., EleutherAI, Genie AI Ltd., Google LLC by Alphabet Inc., Infosys Limited, International Business Machines Corporation, Inworld AI, Lighttricks, Markovate, Media.io, Meta Platforms, Inc., Microsoft Corporation, Midjourney, Inc., Mostly AI Solutions MP GmbH, OpenAI, Paige AI, Inc., Persado, Inc., PlayHT, Rephrase.ai, Revery AI Inc., and Speechify.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Generative AI Market, by Offering
7. Generative AI Market, by Application
8. Generative AI Market, by End-use
9. Americas Generative AI Market
10. Asia-Pacific Generative AI Market
11. Europe, Middle East & Africa Generative AI Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Generative AI Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Generative AI Market?
3. What is the competitive strategic window for opportunities in the Generative AI Market?
4. What are the technology trends and regulatory frameworks in the Generative AI Market?
5. What is the market share of the leading vendors in the Generative AI Market?
6. What modes and strategic moves are considered suitable for entering the Generative AI Market?

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