Global Generative AI Market to Hit USD 52.6 Billion By 2031 | Adobe Inc., Amazon Web Services, Inc., Genie AI Ltd., Google LLC

The Generative AI Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Generative AI market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Generative AI Market reached USD 11.1 billion in 2022 and is expected to reach USD 52.6 billion by 2031, growing with a CAGR of 35.7% during the forecast period 2024-2031

Generative AI refers to artificial intelligence systems capable of creating new content, such as text, images, audio, video, or code, based on patterns and data they have been trained on. These models, like GPT or DALL·E, use advanced machine learning techniques to generate outputs that mimic human creativity and reasoning. Applications of generative AI span industries, including content creation, product design, personalized marketing, and scientific research. Its transformative potential is reshaping how we innovate, communicate, and solve complex problems.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as :

Adobe Inc., Amazon Web Services, Inc., Genie AI Ltd., Google LLC, IBM Corporation, Microsoft Corporation, MOSTLY AI Inc., Rephrase.ai, Synthesia and Speechify.

Key Developments:

❁ In April 2023, Microsoft, a leading U.S.-based technology company, partnered with Epic Systems, an American healthcare software firm, to integrate advanced language models and artificial intelligence (AI) into Epic's electronic health record (EHR) software. This collaboration aims to leverage generative AI to enhance healthcare providers' efficiency and reduce administrative workloads.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Generative AI market has been segmented:

By Component: Software, Services

By Technology: Generative Adversarial Networks (GANs), Transformers, Variational Auto-encoders, Diffusion Networks

By Model: Large Language Models, Image & Video Generative Models, Multi-modal Generative Models, Others

By Application: Computer Vision, Natural Language Processing (NLP), Robotics and Automation, Content Generation, Chatbots and Intelligent Virtual Assistants, Predictive Analytics, Others

By End-User: Media & Entertainment, BFSI, IT & Telecommunication, Automotive & Transportation, Healthcare, Gaming, Others

Research Process

Both primary and secondary data sources have been used in the global Generative AI Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Generative AI Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Generative AI market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Generative AI Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Generative AI market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Generative AI Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Generative AI market?

➠ Who are the global key manufacturers of the Generative AI Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Generative AI market opportunities and threats faced by the vendors in the global Generative AI Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Generative AI market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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