What are the recent trends in market size and growth for the computational creativity market?
The computational creativity market size has grown exponentially in recent years. It will grow from $1.03 billion in 2024 to $1.29 billion in 2025 at a compound annual growth rate (CAGR) of 25.2%. The growth in the historic period can be attributed to increasing complexity of medical coding, growing healthcare data volume, increasing demand for accuracy and compliance, rise of big data analytics, increasing need for faster billing cycles.
The computational creativity market size is expected to see exponential growth in the next few years. It will grow to $3.24 billion in 2029 at a compound annual growth rate (CAGR) of 25.9%. The growth in the forecast period can be attributed to increasing integration with electronic health records (ehrs), increased focus on data security, increasing expansion of telemedicine, rising healthcare costs, increasing patient-centric care initiatives. Major trends in the forecast period include expansion in global markets, user experience and customization, real-time auditing and feedback.
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What are the key forces behind the computational creativity market’s growth in recent years?
The increase in the adoption of computer-based creative solutions is expected to propel the growth of the computational creativity market going forward. Computer-based creative solutions refer to innovative applications and technologies that harness computer power, artificial intelligence, and algorithms to generate, enhance, or assist in various creative processes across diverse domains. Computer-based creative solutions play an important role in computational creativity by leveraging algorithms and data to generate innovative and artistic outputs, expanding the possibilities of human-machine collaboration in creative expression. For instance, in May 2022, according to The International Business Machines Corporation (IBM), a US-based technology company, 35% of businesses worldwide used artificial intelligence (AI) in 2022, which is an increase of 4% from 2021. Therefore, the increase in the adoption of computer-based creative solutions is driving the growth of the computational creativity market.
What are the major segments of the computational creativity market?
The computational creativity market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Mode: Cloud, On-premise
3) By Application: Product Designing, marketing And Web Designing, Photography And Videography, Music Composition, Automated Story Generation, High-End Video Gaming Development, Other Applications
Subsegments:
1) By Solution: Creative Software, Generative Design Tools, AI-Assisted Content Creation Tools, Virtual Reality And Augmented Reality Solutions, Game Development Engines
2) By Service: Consulting Services, Custom Development Services, Training And Workshops, Support And Maintenance Services, Collaboration Platforms For Creative Projects
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Which companies dominate the computational creativity market?
Major companies operating in the computational creativity market report are Google Inc., Microsoft Corporation, Sony Corporation, Amazon Web Services, Intel Corporation, IBM Corporation, NVIDIA Corporation, Adobe Inc., Autodesk Inc., Canva Inc., Unity Software Inc., OpenAI, Jukin Media, Prisma Labs, EyeEm, Pelican Imaging Corporation, Amper Music Inc., Refik Anadol Studio, DeepArt.io, ScriptBook, Automated Creative, A Hundred Years, Runway ML, Aiva, Artomatix, PaintsChainer, Lumen5
What major trends will shape the computational creativity market during the forecast period?
Major companies operating in the computational creativity market are increasing their focus on developing innovative inference platforms to gain a competitive edge in the market. Inference platforms refer to the systems or frameworks that execute pre-trained models on new, unseen data to make predictions or classifications. For instance, in March 2023, NVIDIA, a US-based software company, launched four inference platforms. These platforms were designed to optimize a diverse range of rapidly emerging generative AI applications. The main objective of these platforms is to assist developers in building specialized and AI-powered applications quickly. The platforms comprise NVIDIA’s full stack of inference software along with the latest NVIDIA Ada, NVIDIA Hopper, and NVIDIA Grace Hopper processors. Additionally, they include the NVIDIA L4 Tensor Core GPU and the NVIDIA plate_number_1 GPU. Each platform has been optimized to cater to in-demand workloads, including AI video, image generation, large language model deployment, and recommender inference.
What are the key regional dynamics of the computational creativity market, and which region leads in market share?
North America was the largest region in the computational creativity market in 2024. The regions covered in the computational creativity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Computational Creativity Market Report 2025 Offer?
The computational creativity market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Computational creativity refers to the interdisciplinary field that explores the use of computational methods and techniques to simulate, enhance, or emulate human creativity. The goal of computational creativity is to build systems that can create artifacts that are original and innovative, similar to the creative process in humans.
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