Press release
Generative AI in Gaming Market to Grow at a CAGR of 22.5% by 2032
Generative AI has been making significant inroads in the gaming market, offering a wide array of applications and opportunities for growth. Generative AI in gaming refers to the application of artificial intelligence (AI) techniques to create and enhance various aspects of video games. This technology has the potential to revolutionize the gaming industry by offering new levels of engagement, personalization, and immersion for players.
Market Size and Growth:
Generative AI in Gaming Market Size was valued at USD 912.5 billion in 2022. The generative AI in gaming market is projected to grow from USD 1,117.8 billion in 2023 to USD 6,943.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.5% during the forecast period (2023 - 2032).
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Global Generative AI in Gaming Market- Key Companies Include
AI Dungeon
Apex Game Tools
Baidu
ai
ChatGPT
Electronic Arts (EA)
International Business Machines Corporation
io
NVIDIA Corporation
Procedural Arts
Pyka
Applications in Gaming:
Generative AI in gaming allows for the customization of games according to users' abilities, creation of new virtual worlds, and elimination of predictability, thereby enhancing gameplay.
It also facilitates the development of more realistic and immersive game environments, providing gamers with new levels of engagement and personalization.
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Applications and Impact:
Generative AI in gaming has diverse applications, including the customization of games based on users' abilities, the creation of new virtual worlds, and the elimination of predictability to enhance gameplay. It also facilitates the development of more realistic and immersive game environments, providing gamers with new levels of engagement and personalization.
Potential Impact:
Gaming industry executives have high expectations for generative AI and machine learning, expecting it to have a greater effect on their business than other transformative technologies, such as virtual reality or augmented reality and cloud gaming.
Generative AI opens up transformative possibilities, enabling the creation of massive, immersive worlds in a significantly shorter time frame, benefiting both players and game developers.
Generative AI is poised to revolutionize the gaming industry by enhancing game development, creating more immersive experiences, and offering new levels of engagement and personalization for gamers.
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