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Generative AI In Creative Industries Market Size, Share, Growth Trends And Report 2024-2033

06-12-2024 08:18 AM CET | IT, New Media & Software

Press release from: The Business research company

Generative AI In Creative Industries Market Size

Generative AI In Creative Industries Market Size

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Generative AI In Creative Industries Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $9.51 billion In 2028 At A CAGR Of 32.6% :

The generative AI in creative industries market size has grown exponentially in recent years. It will grow from $2.33 billion in 2023 to $3.08 billion in 2024 at a compound annual growth rate (CAGR) of 32.2%. The growth in the historic period can be attributed to rise of creative coding communities, public awareness and interest, and rise of open-source frameworks.

The generative AI in creative industries market size is expected to see exponential growth in the next few years. It will grow to $9.51 billion in 2028 at a compound annual growth rate (CAGR) of 32.6%. The growth in the forecast period can be attributed to improved data efficiency and few-shot learning, ethical and inclusive AI practices, and cross-domain creative applications. Major trends in the forecast period include AI-powered content generation and automation, cross-domain creativity, Interactive and immersive experiences, and AI-driven design and innovation.

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Generative AI In Creative Industries Market Major Segments
The generative ai in creative industries market covered in this report is segmented -
1) By Type: Text-To-Image Generation, Image-To-Image Generation, Music Generation, Video Generation, 3D Modeling and Animation
2) By Deployment Mode: On-Premise, Cloud
3) By Application: Gaming, Film And Television, Advertising And Marketing, Music And Sound Production, Other Applications

Key Driver - Driving Forces Behind The Growth Of Generative AI In The Creative Industries Market

Increasing adoption of AI technology is expected to propel the growth of the generative AI in creative industries market going forward. AI technology refers to the branch of computer science and engineering dedicated to developing systems and algorithms that exhibit human-like intelligence or behavior. The adoption of AI technology arises from advancements in AI research, the availability of big data, cost reduction, and efficiency improvement. AI technology is extensively used in generative AI within the creative industries to augment human creativity, automate repetitive tasks, and unlock new possibilities for artistic expression and innovation. For instance, in May 2022, according to the IBM Global AI Adoption Index 2022 report released by the International Business Machines Corporation, a US-based information technology corporation, a poll conducted of 7,502 businesses found that more than a third of businesses (35%) reported using AI in their operations, a four-point rise from 2021, and 42-64% were exploring its potential. 64% of businesses believe that AI will improve business productivity, and 42% believe it will streamline job processes. In 2022, there was a 13% increase in the likelihood of organizations adopting AI compared to the previous year, 2021. Therefore, increasing adoption of AI technology is driving the growth of the generative AI in creative industries market.

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Prominent Trend - Advancements In AI-Powered 3D Workflows Transforming Creative Industries

Major companies operating in generative AI in the creative industries market are focusing on developing advanced AI technologies, such as AI 3D workflows, to enhance creative processes and streamline production pipelines. An AI 3D workflow refers to the integration of artificial intelligence technologies into the creation, manipulation, and optimization of 3D assets and environments. For instance, in March 2024, Adobe Inc., a US-based software company, launched the first integration of Firefly's generative AI capabilities with Substance 3D Sampler and Stager, making 3D workflows more fluid and productive for industrial designers, game developers, and VFX artists. These capabilities are intended to speed up iterative and creative processes for industrial designers, game developers, and VFX experts, allowing them to create high-quality, realistic textures and environments more effectively. With this innovative 3D design space, users can navigate and design in 3D better and faster, making it easier to create 3D content in Adobe's Creative Cloud. Additionally, this feature automatically generates multiple variations of the texture, with users able to iterate by editing the prompt.

Generative AI In Creative Industries Market Players
Major companies operating in the generative AI in creative industries market report are Apple Inc.; Google LLC; Samsung Electronics Co. Ltd.; Microsoft Corporation; Sony Corporation; The Walt Disney Company; International Business Machines Corporation; Nvidia Corporation; Adobe Inc.; Autodesk Inc.; Unity Software Inc.; Epic Games Inc.; Wacom Co. Ltd.; Pixar Animation Studios Inc.; Moving Picture Company Inc.; Lucasfilm Ltd.; Framestore Limited; Double Negative LLC; Digital Domain Inc.; Chaos Group; Foundry Inc.; SideFX Inc.; Industrial Light And Magic; Maxon Computer Inc.

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https://www.thebusinessresearchcompany.com/report/generative-ai-in-creative-industries-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the generative AI in creative industries market in 2023. The regions covered in the generative AI in creative industries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Generative AI In Creative Industries Market Report Structure
3. Generative AI In Creative Industries Market Trends And Strategies
4. Generative AI In Creative Industries Market - Macro Economic Scenario
5. Generative AI In Creative Industries Market Size And Growth
…..
27. Generative AI In Creative Industries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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