Generative AI Market Size, Share, and Analysis, By Component (Software and Services), By Application (Computer Vision, NLP, and Others), By Technology (Generative Adversarial Network (GANs), Transformers, Diffusion Networks and Others), By End User (Media and Entertainment, BFSI, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
Generative AI Market Size, Share, and Analysis, By Component (Software and Services), By Application (Computer Vision, NLP, and Others), By Technology (Generative Adversarial Network (GANs), Transformers, Diffusion Networks and Others), By End User (Media and Entertainment, BFSI, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
PRODUCT OVERVIEW
Generative AI Market is anticipated t%li%grow at a CAGR of 39.8% in the forecast period (2023-2032), with the market size valued at USD 16.2 billion in 2022 and projected t%li%reach USD 463.6 billion by 2032.
Generative AI is a subset of artificial intelligence that specializes in creating original content such as images, text, or music without replicating the input data. It operates through algorithms and models that acquire knowledge from existing data and use this information t%li%create new and unique content. These systems generate output autonomously which highlights the creativity and ability of generative AI technology t%li%produce original content. Generative AI finds applications across multiple industries such as art, content creation, data synthesis, and beyond. It constantly expands its capabilities and applications as machine learning and AI technologies advances.
MARKET HIGHLIGHTS
Generative AI Market is expected t%li%reach USD 463.6 billion, growing at a CAGR of 39.8% during the forecast period, owing t%li%multiple variables such as the advancement of AI algorithms, greater processing power, easy availability of information, and the diverse application of generative AI across different sectors. The recent developments in natural language processing (NLP), such as GPT-3, played an essential role in driving growth in the industry. NLP enables the creation of chatbots, content generation, and various digital applications, which holds immense potential for the expansion of market. Therefore, generative AI has become increasingly popular owing t%li%its low cost of implementation and its growing potential t%li%provide competitive advantages t%li%various industries.
Generative AI Market Segments:
Growth Drivers
Al's Evolution and Deep Learning t%li%Boost the Market
Rapid Growth of Large Language Models (LLMs) will Hasten Market Expansion
Restraint
Problems with Bias and Incorrectly Generated Output is Hurting the Market
Key Players
PRODUCT OVERVIEW
Generative AI Market is anticipated t%li%grow at a CAGR of 39.8% in the forecast period (2023-2032), with the market size valued at USD 16.2 billion in 2022 and projected t%li%reach USD 463.6 billion by 2032.
Generative AI is a subset of artificial intelligence that specializes in creating original content such as images, text, or music without replicating the input data. It operates through algorithms and models that acquire knowledge from existing data and use this information t%li%create new and unique content. These systems generate output autonomously which highlights the creativity and ability of generative AI technology t%li%produce original content. Generative AI finds applications across multiple industries such as art, content creation, data synthesis, and beyond. It constantly expands its capabilities and applications as machine learning and AI technologies advances.
MARKET HIGHLIGHTS
Generative AI Market is expected t%li%reach USD 463.6 billion, growing at a CAGR of 39.8% during the forecast period, owing t%li%multiple variables such as the advancement of AI algorithms, greater processing power, easy availability of information, and the diverse application of generative AI across different sectors. The recent developments in natural language processing (NLP), such as GPT-3, played an essential role in driving growth in the industry. NLP enables the creation of chatbots, content generation, and various digital applications, which holds immense potential for the expansion of market. Therefore, generative AI has become increasingly popular owing t%li%its low cost of implementation and its growing potential t%li%provide competitive advantages t%li%various industries.
Generative AI Market Segments:
- By Component
- Software
- Services
- By Technology
- Generative Adversarial Network (GANs)
- Transformers
- Diffusion Networks
- Others
- By Application
- Computer Vision
- NLP
- Others
- By End Users
- Media and Entertainment
- BFSI
- Others
Growth Drivers
Al's Evolution and Deep Learning t%li%Boost the Market
Rapid Growth of Large Language Models (LLMs) will Hasten Market Expansion
Restraint
Problems with Bias and Incorrectly Generated Output is Hurting the Market
Key Players
- OpenAI
- Microsoft
- Facebook (Meta)
- IBM
- NVIDIA
- Adobe
- Intel
- Salesforce
- Oracle
- Baidu
- Tencent
- Samsung
- Amazon Web Services (AWS)
- DeepMind (a subsidiary of Alphabet)
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Generative AI Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Generative AI Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.GENERATIVE AI MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.GENERATIVE AI MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Technology
11.3.1.1.Generative Adversarial Network (GANs)
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Transformers
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Diffusion Network
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Others
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By End Users
11.3.2.1.Media and Entertainment
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. BFSI
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Others
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By Application
11.3.3.1 Computer Vision
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2NLP
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
11.3.3.3Others
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.4.1.2 Market Share (%) 2022-2032F
11.3.4.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.4 By Component
11.3.4.1 Software
11.3.4.1.1By Value (USD Million) 2022-2032F
11.3.4.1.2 Market Share (%) 2022-2032F
11.3.4.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.4.2Services
11.3.4.2.1 By Value (USD Million) 2022-2032F
11.3.4.2.2Market Share (%) 2022-2032F
11.3.4.2.3Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Technology
12.3.2. By End Users
12.3.3. By Components
12.3.4. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Technology
13.3.2. By End Users
13.3.3. By Components
13.3.4. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Technology
14.3.2. By End Users
14.3.3. By Components
14.3.4. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Technology
15.3.2. By End Users
15.3.3. By Components
15.3.4. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Technology
16.3.2. By End Users
16.3.3. By Components
16.3.4. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Open AI
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Google
18.3.Microsoft
18.4.Facebook (Meta)
18.5.IBM
18.6.NVIDIA
18.7.Adobe
18.8.Intel
18.9.Salesforce
18.10.Oracle
18.11. Baidu
18.12.Tencent
18.13.Samsung
18.14.Amazon Web Services (AWS)
18.15.DeepMind (a subsidiary of Alphabet)
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Generative AI Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Generative AI Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.GENERATIVE AI MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.GENERATIVE AI MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Technology
11.3.1.1.Generative Adversarial Network (GANs)
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Transformers
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Diffusion Network
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Others
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By End Users
11.3.2.1.Media and Entertainment
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. BFSI
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Others
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By Application
11.3.3.1 Computer Vision
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2NLP
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
11.3.3.3Others
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.4.1.2 Market Share (%) 2022-2032F
11.3.4.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.4 By Component
11.3.4.1 Software
11.3.4.1.1By Value (USD Million) 2022-2032F
11.3.4.1.2 Market Share (%) 2022-2032F
11.3.4.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.4.2Services
11.3.4.2.1 By Value (USD Million) 2022-2032F
11.3.4.2.2Market Share (%) 2022-2032F
11.3.4.2.3Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Technology
12.3.2. By End Users
12.3.3. By Components
12.3.4. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Technology
13.3.2. By End Users
13.3.3. By Components
13.3.4. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Technology
14.3.2. By End Users
14.3.3. By Components
14.3.4. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Technology
15.3.2. By End Users
15.3.3. By Components
15.3.4. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA GENERATIVE AI MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Technology
16.3.2. By End Users
16.3.3. By Components
16.3.4. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Open AI
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Google
18.3.Microsoft
18.4.Facebook (Meta)
18.5.IBM
18.6.NVIDIA
18.7.Adobe
18.8.Intel
18.9.Salesforce
18.10.Oracle
18.11. Baidu
18.12.Tencent
18.13.Samsung
18.14.Amazon Web Services (AWS)
18.15.DeepMind (a subsidiary of Alphabet)
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
