How Big is the Generative AI Market?
The Global Generative AI Market size is valued at around USD 28.9 billion in 2024 and is estimated to reach around USD 142.7 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 31.2% during the forecast period, i.e., 2025-30. The advancements in machine learning algorithms, the availability of vast datasets, and rising processing power are the main factors propelling the revenue growth of the generative AI industry and allowing for more complex and imaginative results.
Market Statistics
- Market Size in 2024: USD 28.9 billion in 2024
- Market Size By 2030: USD 142.7 billion by 2030.
- Market Growth Rate (CAGR): 31.2% from 2025-2030
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/generative-ai-market.html
Generative AI Market Insight:
Driver-
Growing Demand for Personalized & Engaging Digital Content – The generative AI requirements are primarily driven by the increasing demand for personalized and engaging digital content because of some interconnected variables. Businesses must use AI-driven solutions that can analyze user data and produce content tailored to individual interests as customers want more and more personalized experiences.
Additionally, as social media and virtual advertising have grown in popularity, competition has reached a different level, forcing companies to create greater enticing content to capture the target market. According to a HubSpot survey, around 72% of clients said they favor engaging with tailor-made content, demonstrating the importance of this sort of content in increasing user engagement and conversion rates. The best generative AI tools also expedite the process of content creation and save time & money while increasing creativity.
These developments are especially helpful to the entertainment, advertising, and e-commerce sectors as they use AI to provide personalized shopping experiences, targeted advertisements, and immersive storylines. The Global Generative AI Market size & volume is expected to reach new heights as long as businesses prioritize customization to cultivate consumer loyalty. This is because a continuously changing digital world increases the demand for innovative & creative content.
Generative AI Market Segmentation:
The report has segmented the market into the following categories:
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
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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/generative-ai-market.html
Competitive Landscape:
- 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
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*
Key Highlights of the Report:
- Market Performance (2025-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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