In-Depth Analysis of the Global Generative AI Market: 2024-2030 Forecasts

Latest Market Study report by MarkNtel Advisors: Market Research Company, “Global Generative AI Market- By Component (Software, Service), By Technology (Generative Adversarial Networks (GANs), Transformers, Variational Autoencoder (VAE), Diffusion Networks, Retrieval Augmented Generation)” and other forecast 2024-30”.

This report offers a detailed examination of pivotal aspects including market Size, growth factor, drivers of expansion, encompassed segments, and the pivotal role played by industry leaders.

Insight into the Global Generative AI Market

The Global Generative AI Market size is around USD 12 million in 2022 and is estimated to grow at a CAGR of around 29.6% during the forecast period, i.e., 2024-30.

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Report Coverage & Detailed Breakdown

• Forecast Period: 2024 to 2030.
• Base Year: 2022
• Market Size in 2022: USD 12 million.
• CAGR: 29.6%

Segmentation Analysis: Generative AI Market

By Component

• Software- Market Size & Forecast 2019-2030F, USD Million
• Service- Market Size & Forecast 2019-2030F, USD Million

By Technology

• Generative Adversarial Networks (GANs)- Market Size & Forecast 2019-2030F, USD Million
• Transformers- Market Size & Forecast 2019-2030F, USD Million
• Variational Autoencoder (VAE)- Market Size & Forecast 2019-2030F, USD Million
• Diffusion Networks- Market Size & Forecast 2019-2030F, USD Million
• Retrieval Augmented Generation- Market Size & Forecast 2019-2030F, USD Million

The Generative Adversarial Networks (GANs) segment held a significant share of the Generative AI Market in 2022 and is estimated to be dominant in the upcoming years as well.

By Application- Market Size & Forecast 2019-2030F, USD Million

• Computer Vision- Market Size & Forecast 2019-2030F, USD Million
• NLP- Market Size & Forecast 2019-2030F, USD Million
• Robotics & Automation- Market Size & Forecast 2019-2030F, USD Million
• Content Generation- Market Size & Forecast 2019-2030F, USD Million
• Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Model

• Large Language Models- Market Size & Forecast 2019-2030F, USD Million
• Image & Video Generative Models- Market Size & Forecast 2019-2030F, USD Million
• Multi-model Generative Models- Market Size & Forecast 2019-2030F, USD Million
• Others (Text-to-Text Generative Models, Audio Generative Models, etc.)- Market Size & Forecast 2019-2030F, USD Million

By End User

• Media & Entertainment- Market Size & Forecast 2019-2030F, USD Million
• BFSI- Market Size & Forecast 2019-2030F, USD Million
• Healthcare- Market Size & Forecast 2019-2030F, USD Million
• IT & Telecom- Market Size & Forecast 2019-2030F, USD Million
• Others (Automotive & Transportation, Gaming, etc.)- Market Size & Forecast 2019-2030F, USD Million

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Regional/ Countries Insight:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America held the largest share of around 40.2% in 2022 and is anticipated to grow at the fastest pace over the future years.

Generative AI Market Players Analysis

Thorough analysis spotlighting key players in the global Generative AI market, elucidating their strategies and competitive positioning.

• IBM Corporation
• Google LLC
• Amazon Web Services
• Adobe
• Microsoft Corporation
• ai
• Meta
• Genie AI Ltd.
• MOSTLY AI Inc.
• NVIDIA
• Insilico Medicine
• Open AI
• Synthesia
• Giphy
• Lumen 5
• Others

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Key Stakeholder Benefits

• Informed Decision-Making: Empowering stakeholders with comprehensive market insights for strategic decision-making.
• Strategic Planning: Equipping stakeholders with strategic reports to navigate market entry, product development, and competitive strategies.
• Market Sizing & Forecasting: Providing accurate data for informed investment decisions and resource allocation.
• Competitive Benchmarking: Facilitating performance assessment against industry peers and capitalizing on strengths.
• Identifying Investment Opportunities: Enabling stakeholders to spot lucrative investment prospects and maintain a competitive edge.

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