Generational AI Market Forecast: Revolutionizing Text, Image, and Video Creation By 2031 | Most Leading Companies - Google, Microsoft, Amazon Web Services, Inc., IBM oracle

Global Generational AI Market reached US$ 44.56 billion in 2023 and is expected to reach US$ 998.23 billion by 2031, growing with a CAGR of 47.50% during the forecast period 2024-2031.

Generational AI Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert perspectives. At DataM Intelligence, we're committed to turning complex market landscapes into clear, actionable strategies so you can stay competitive, grow confidently, and seize the right opportunities in a rapidly changing world.

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Generational AI refers to advanced artificial intelligence systems capable of creating new content, such as text, images, code, music, and video, by learning from vast datasets. These models simulate human-like creativity and are widely used across industries for content generation, automation, and personalized experiences.

List of the Key Players in the Generational AI Market:

Google, Microsoft, Amazon Web Services, Inc., IBM oracle, Nuance Communications, Inc., FIS, SAP SE, Artificial Solutions and Kore.ai, Inc.

Industry Development:

In March 2024, Microsoft and Adobe announced plans to integrate Adobe Experience Cloud workflows and insights into Microsoft Copilot. This collaboration aims to leverage Microsoft 365 to help marketers eliminate data and application silos, streamlining the management of day-to-day marketing operations.

Also in March 2024, Adobe and NVIDIA-longtime partners in R&D-revealed a new joint effort focused on advancing generative AI capabilities for creative professionals. Together, they intend to develop a new wave of cutting-edge generative AI models with deep integration into the tools relied upon by top artists and marketers worldwide.

In February 2024, the GSMA and IBM partnered to accelerate the adoption and skill development of generative AI in the telecommunications industry. Their initiative includes the launch of the GSMA Advance AI Training Program and the GSMA Foundry Generative AI initiative, designed to build AI readiness across the sector.

Also in February 2024, OpenAI introduced Sora, a groundbreaking generative AI model for converting text into video. Sora can generate up to one-minute-long videos with high visual fidelity tailored to user prompts. While not yet publicly released, access has been granted to a limited group of red teamers, visual artists, designers, and filmmakers for testing and feedback.

In the same month, Google unveiled Gemini 1.5, a powerful generative AI model featuring advanced multimodal context understanding. Additionally, Google introduced Gemma, a new family of lightweight, open-weight AI models. The initial models, Gemma 2B and Gemma 7B, are designed for both research and commercial applications and are inspired by the Gemini model architecture.

In January 2024, Capgemini and Amazon Web Services (AWS) expanded their strategic partnership to promote enterprise-scale deployment of generative AI. Their joint initiative focuses on helping businesses realize the economic potential of generative AI while addressing challenges related to cost, scalability, and trust.

Research Process:

Both primary and secondary data sources have been used in the global Generational 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.

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Segment Covered in the Generational AI Market: CCC

Regional Analysis for Generational 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)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Generational AI industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Generational AI industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Generational AI market?

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

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