Press release
Global Artificial Intelligence (AI) Image Generator Market Comprehensive Study: Forecasted Market Size And Growth Rate
Artificial Intelligence (AI) Image Generator Market
The Business Research Company offers in-depth market insights through Artificial Intelligence (AI) Image Generator Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The AI image generator market size has grown rapidly in recent years. It will grow from $0.31 billion in 2023 to $0.37 billion in 2024 at a compound annual growth rate (CAGR) of 18%. The growth in the historic period can be attributed to rising development in AI technology, increasing supportive initiatives by the government, growing acceptance of AI-powered virtual assistants, rising versatility of AI-generated images, integration of AI image generators into Android and ios.The AI image generator market size is expected to see rapid growth in the next few years. It will grow to $0.71 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to increasing demand for visual content, integration with AR and VR, the rise of e-commerce and online shopping, rising adoption of digital transformation initiatives, the increasing reliance on visual content in social media, and digital marketing. Major trends in the forecast period include high-resolution image generation, text-to-image synthesis, style transfer and image manipulation, interactive and real-time image generation, conditional image generation.
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Market Segmentation:
The artificial intelligence (ai) image generator market covered in this report is segmented -
1) By Component: Software, Services
2) By Technology Type: Natural Language Processing (NLP), Computer Vision, Audio Generation, Mixed Media Generation
3) By Application: Personal, Enterprise
4) By End-user: Advertising, Healthcare, Gaming, Fashion, E-commerce, Other End Users
Major Driver - Growing Demand For Visual And Performing Arts Driving Expansion Of The Artificial Intelligence (AI) Image Generator Market
Increasing demand for visual and performing arts is expected to propel the growth of the artificial intelligence (AI) image generator market going forward. Visual and performing arts encompass a wide range of creative disciplines that involve the creation of works intended to be appreciated primarily for their visual or aesthetic qualities or performed live for an audience. AI image generators can provide artists with new sources of inspiration by generating novel and unexpected visual concepts that they can use as starting points for their work. For instance, according to the National Center for Science and Engineering Statistics, a US-based principal statistical agency, R&D expenditures in visual and performing arts increased to $225 million in FY 2022 from $178 million in 2021. Therefore, increasing demand for visual and performing arts is driving the growth of the artificial intelligence (AI) image generator market.
Competitive Landscape:
Major companies operating in the artificial intelligence (ai) image generator market report are Google LLC, Samsung Group, Microsoft Corporation, The International Business Machines Corporation, Nvidia Corporation, Adobe Inc., Craiyon LLC, Midjourney, OpenAI, Stability AI, Jasper.ai, Anthropic PBC, Alphr Technology Limited, Runway AI Inc., CodeSandbox B.V., DeepAI, Panabee LLC., WOMBO Dream, Hotpot, Pixray, Neuroflash, Hypotenuse AI, AISEO AI, StarryAI
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Top Trend - Innovative AI Image Generators Transforming Various Industries
Major companies operating in the artificial intelligence (AI) image generator market are developing innovative products such as DALL-E 3 to have a transformative impact on various industries and creative endeavors. DALL-E 3 is an AI image generator that uses deep learning methodologies to generate digital images from natural language descriptions. For instance, in October 2023, OpenAI, a US-based artificial intelligence research organization, launched DALL-E 3, the latest iteration of the text-to-image model, which has shown significant advancements in understanding and translating textual descriptions into highly detailed and accurate visual outputs. DALL-E 3 represents a significant advancement in the field of AI-driven image generation, offering improved understanding, detailed visual outputs, and a user-friendly experience.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence (AI) Image Generator Market Characteristics
3. Artificial Intelligence (AI) Image Generator Market Trends And Strategies
4. Artificial Intelligence (AI) Image Generator Market - Macro Economic Scenario
5. Artificial Intelligence (AI) Image Generator Market Size And Growth
…..
27. Artificial Intelligence (AI) Image Generator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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