MarkNtel Advisors has released a research report on the Generative AI Market Size, Share, Analysis, Research, Report 2030. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.
Generative AI Market Insights:
The Global Generative AI Market size was valued at around USD 12 million in 2022 and is estimated to grow at a CAGR of about 29.6% during the forecast period, i.e., 2024-30.
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Global Generative AI Market Key Driver:
Growing Awareness About Generative AI to Thrive Market Growth – The surging consciousness about Generative AI acts as a key driver of the Generative AI Market. Conventional AI-driven conversational interfaces are often limited by predefined instructions, resulting in inadequate responses due to their inability to fully comprehend user queries. Generative AI, on the other hand, addresses this issue by understanding, learning, and formulating chat responses based on context and intent.
These generative models rely on virtual assistants, incorporating technologies like chatbots, deep learning, NLP (Natural Language Processing), NGL (Natural Language Generation), and LLM (Large Language Models). As a result, this empowers intelligent virtual assistants and other conversational interfaces to engage with users in a more human-like manner. As consumers become more aware of the advantages of generative AI, its adoption is on the rise for various applications. The user-friendly nature & benefits provided by generative AI are expected to contribute to boosting the Generative AI Market growth in the foreseeable future.
Leading Companies Operating in the Generative AI Industry:
Open AI
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Synthesia
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Giphy
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Lumen 5
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Generative AI Market Categorization:
The Generative AI Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:
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
-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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization
Frequently Asked Questions (FAQs)
- How are cost and profit estimations evolving within the Generative AI Industry?
- How do factors such as supply and consumption contribute to the industry landscape?
- How do import and export considerations influence the dynamics of the Generative AI Industry?
- Which technological advancements are expected to influence the future of the Generative AI Market?
- Who are the prominent players featured in the Generative AI Market research report?
- What are the projected valuations in USD, and what is the CAGR for the forecasted years?
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