openPR Logo
Press release

Generative AI Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2030

04-19-2024 09:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Microsoft (US), IBM (US), Google (US), AWS (US), META (US), Adobe (US), OpenAI (US), Insilico Medicine (Hong Kong) and Simplified (US). Some startups include Paige.AI (US), Riffusion (US), PlayHT (US), Speechify (US), (France), Midjourney (US), F

Microsoft (US), IBM (US), Google (US), AWS (US), META (US), Adobe (US), OpenAI (US), Insilico Medicine (Hong Kong) and Simplified (US). Some startups include Paige.AI (US), Riffusion (US), PlayHT (US), Speechify (US), (France), Midjourney (US), F

Generative AI Market by Offering (Software (Transformer Models (GPT-1, GPT-2, GPT-3, GPT-4, LaMDA)), Services), Application (Data Modality (Text, Image, Video), Business Function (Marketing & Sales, Finance)), Vertical and Region - Global Forecast to 2030
The global generative AI market [] is projected to register a CAGR of 31.5% during the forecast period, reaching USD 76.8 billion by 2030 from an estimated USD 11.3 billion in 2023. Major factors to boost the market growth include the advent of cloud storage has facilitated convenient data accessibility, the progression of AI and deep learning, and the emergence of an era focused on content creation and imaginative applications.

Download PDF Brochure@ []

By offering, Software to register for the largest market share during the forecast period

The scope of the software segment comprises of rule based models, statistical models, deep learning, generative adversial networks (GANs), autoencoders, convolutional neural networks (CNNs) and transformer models. This dominance can be attributed to the accessibility and ease of adoption of software solutions, which typically have a wider user base. Furthermore, the anticipated technological maturity of Generative AI software tools during this period will likely offer a diverse range of applications, catering to various industries and driving increased adoption rates.

By application, marketing & sales segment of application by business function is expected to hold the largest market share during the forecast period

Marketing & sales segment is anticipated to command the largest market share. This is driven by the increasing recognition of Generative AI's potential to revolutionize customer engagement and decision-making processes. By automating content generation, customer insights analysis, and personalized recommendations, Generative AI can significantly enhance marketing strategies and sales interactions. As companies seek to gain a competitive edge through data-driven approaches, the adoption of Generative AI in marketing & sales functions is expected to see substantial growth, contributing to its dominant market position during the forecast period.

Request Sample Pages@ []

Unique Features in the Generative AI Market

With the use of sophisticated algorithms, generative AI creates and synthesises complex content, including text, photos, videos, and music, producing unique and realistic digital assets on its own.

Through real-time user interaction with AI models that offer customisation options, feedback, and advice to co-create content and affect the production process, generative AI promotes creative collaboration.

By adapting generated outputs to unique preferences, traits, and requirements, generative AI enables the generation of personalised and customised information and offers consumers individualised suggestions, designs, and experiences.

Generative AI is a creative tool and inspiration source for artists, designers, and creators. It enhances human creativity by helping users generate ideas, explore design possibilities, and get beyond creative blockages.

The quality, diversity, and relevance of generated outputs are continuously improved by generative AI models, which are evolutionary and adaptive. They also adjust to shifting trends and preferences by continuously learning from user interactions, data, and feedback.

Major Highlights of the Generative AI Market

Deep learning algorithms, in particular Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), and Transformers, are advancing significantly in the generative AI sector, allowing for the creation of more complex and realistic material across a range of fields.

Generative AI is driving innovation and creativity in product design, content creation, and personalised experiences. Its applications span a wide range of industries, including manufacturing, gaming, entertainment, fashion, and the arts.

By automating content creation procedures and minimising the need for human intervention, generative AI is speeding up production workflows and cutting expenses while enabling the quick development of high-quality digital assets including text, photos, videos, and music.

By adjusting generated outputs to each user's unique tastes, traits, and needs, generative AI enables personalisation and customisation of content and offers users individualised recommendations, designs, and experiences.

Concerns about bias, fairness, transparency, and data privacy are among the ethical and responsible uses of AI that the generative AI market is addressing. To assure ethical use and reduce potential hazards, safeguards, rules, and regulations are being put in place.

Inquire Before Buying@ []

Top Companies in the Generative AI Market

Some leading players in the generative AI market include Microsoft (US), IBM (US), Google (US), AWS (US), META (US), Adobe (US), OpenAI (US), Insilico Medicine (Hong Kong), Simplified (US), Genie AI (UK), Lightricks (Israel), Lumen5 (Canada), Giphy (US), Dialpad (US), Persado (US) and Codacy (Portugal). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the generative AI market.


OpenAl, founded in 2015 in San Francisco, California, is renowned for its AI innovations including GPT, DALL-E, and ChatGPT. These encompass the Generative Pre-trained Transformer (GPT) products, utilizing deep learning to emulate human-like text. GPT-3, launched in 2020, is a language model trained on extensive internet text and serves as the basis for the commercial "the API" product. This technology excels in natural language processing, translation, and text generation. OpenAl's journey continued with DALL-E's introduction in 2021 and a ChatGPT preview in 2022, focusing on conversational AI. The release of DALL-E 2 in 2022 further revolutionized image generation with quadruple the resolution. OpenAl's prowess lies in driving AI evolution, revolutionizing language and image processing.


Amazon Web Services (AWS) offers a comprehensive set of artificial intelligence (AI) and machine learning (ML) services to meet business needs. AWS has the broadest and deepest portfolio of AI and ML services at all three layers of the stack. AWS offers the easiest way to build and scale generative AI applications, grounded in model choice and flexibility, making it possible for builders of all levels to innovate with machine learning. AWS provides readily available AI services, allowing users to add AI capabilities to their business applications without requiring ML experience. AWS has invested and innovated to offer the most performant, scalable infrastructure for cost-effective ML training and inference. AWS offers generative AI built-in services such as Amazon CodeWhisperer, an AI coding companion.


Google Cloud is dedicated to infusing AI across solutions, enabling customers to build AI-powered applications for document processing, data analysis, and more. This approach enhances data understanding and delivers industry-specific solutions. A noteworthy endeavor involves creating an AI language model supporting the world's top 1,000 languages, starting with a model covering over 400 languages, marking a significant leap in language inclusivity. In a strategic acquisition in February 2020, Google gained Looker, a unified platform provider specializing in business intelligence, data applications, and embedded analytics. This move strengthens Google's data-oriented offerings and reinforces its foothold in the business intelligence sector. Through these initiatives, Google maximizes the value of AI, catering to diverse industries and propelling innovation in language processing and analytics.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email []
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

This release was published on openPR.

Permanent link to this press release:

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 Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2030 here

News-ID: 3470593 • Views:

More Releases from ABNewswire International Inc. (CSE: TRUE) Announces Strategic Partnership, Leadership Appointment, and Major Healthcare Contract to Drive AI Innovation in Healthcare International Inc. (CSE: TRUE) Announces Strategic Partnership, Le … International Inc. (CSE: TRUE) (OTCMKTS: TREIF) is positioning itself as a potential key player in the AI-driven healthcare sector. With recent strategic moves and leadership appointments, the company is gearing up for substantial growth and innovation. Investors and traders are closely monitoring these developments, which could significantly impact the stock's performance and long-term prospects. Partnership with Novus Health On May 22, 2024, AI announced a strategic partnership with Novus Health,
Maximizing Efficiency with Professional Commercial Laundry Services
Maximizing Efficiency with Professional Commercial Laundry Services
In the fast-paced world of businesses, efficiency is paramount. For establishments that deal with a high volume of laundry, such as hotels, restaurants, and healthcare facilities, partnering with professional commercial laundry services [] can be a game-changer. These services offer a range of benefits, from saving time and labor to ensuring impeccable cleanliness and hygiene standards. Let's delve into how businesses can maximize efficiency by leveraging the expertise of commercial
Military Laser Systems Market Set for Impressive Growth by USD 7.5 Billion by 2028, at a CAGR of 8.7%
Military Laser Systems Market Set for Impressive Growth by USD 7.5 Billion by 20 …
The Military Laser Systems Market Size, Share, Industry Growth, Trends & Analysis is reach to USD 7.5 Billion by 2028 from USD 5.0 Billion in 2023, at a CAGR of 8.7%. The global Military Laser Systems [] Market is poised for significant expansion over the forecast period, "The Global Military Laser Systems Market by Application, Technology, Platform, End Use, Output Power, and Region - Global Forecast to 2028." The report offers
KingKonree Unveils Cutting-Edge Innovations at the Canton Fair
KingKonree Unveils Cutting-Edge Innovations at the Canton Fair
Leading solid surface manufacturer showcases new product ranges and sustainable design solutions. KingKonree International [], a prominent manufacturer specializing in solid surface sanitary ware, countertops, and sheets, has significantly impacted the 135th Canton Fair. The "KKR Sanitary Ware Exhibition" highlighted KingKonree's innovative capabilities and emphasized its commitment to sustainable practices and global trade cooperation. According to the company, KingKonree's exhibition hall at the Canton Fair was a hub of activity, drawing attention

All 5 Releases

More Releases for AWS

Balancelogic Named Amazon Web Services (AWS) Select Tier Services Partner Earns …
Balancelogic, a leading Managed IT Services Provider, is proud to announce today that it is now a Select Tier Servcies Partner within the Amazon Web Services (AWS) Partner Network (APN). Waldorf, MD, June 1, 2022 - Balancelogic, a leading Managed IT Services Provider, today announced its Select Tier Services Partner status within the Amazon Web Services (AWS) Partner Network. APN Services Partners are professional services companies that help customers design,
Should you choose Open Source or AWS Services for AWS Well-Architected CI/CD cap …
The enormous spread of services available to AWS gives them the freedom to adopt open-source tools on AWS services, implement AWS services or choose a combination of the two. To understand the advantages and disadvantages of each, this article evaluates the choices using Continuous Integration (CI) and Continuous Delivery as the objective of the (hypothetical) organization. And we do this from two perspectives: an SME and a large mature enterprise. The reason
picoNETS Launches picoCDN on AWS Wavelength
On-Demand CDN Extender for applications like media, augmented reality, and virtual reality. February 17, 2022 picoNETS announces the general availability of picoNETS' picoCDN platform. Designed to run on AWS Wavelength, the picoCDN platform is a next-generation edge Content Delivery Infrastructure, built to enable new high-throughput, low-latency edge delivery use cases. AWS Wavelength embeds AWS compute and storage services within 5G networks, providing mobile edge computing infrastructure for developing, deploying, and scaling ultra-low-latency
AWS Down: Luxy Emergency Fix Implemented
Luxy was aware of several internet connectivity issues caused by cloud services outage, including the Amazon Web Services. Reports around 11AM saw loads of disconnections to their US-West servers. Down servers of AWS soon showed their full impact, leaving many popular websites and apps inaccessible across the country. Besides Luxy dating, this incident also affected Netflix, Hulu, Twitch and a variety of live-streaming platforms, also, the online game services such as
Global AWS Managed Services Market
Global AWS Managed Services Market Report for 2018 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from our industry experts. The global AWS Managed Services industry is a large, untapped market, which has a tremendous potential for growth. The information in the research report is well-processed and a report is accumulated by industry
AWS Managed Services Market - The Increasing Importance of AWS Managed Service P …
The global AWS Managed Services market was valued at US$ 559.4 Mn in 2017 and is projected to expand at a cumulative annual growth rate (CAGR) of more than 13.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “AWS Managed Services market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Rise in the number of AWS customers and the