generative ai market size, generative ai market share, generative ai market trends, generative ai market growth, generative ai market analysis, generative ai market forecast
How has the generative ai market evolved, and where is it heading next?
The generative AI market size has grown exponentially in recent years. It will grow from $23.18 billion in 2024 to $34.45 billion in 2025 at a compound annual growth rate (CAGR) of 48.6%. The growth in the historic period can be attributed to computing power advancements, data availability, research and development, industry applications, deep learning breakthroughs.
The generative AI market size is expected to see exponential growth in the next few years. It will grow to $113.42 billion in 2029 at a compound annual growth rate (CAGR) of 34.7%. The growth in the forecast period can be attributed to AI hardware innovations, cross-industry integration, ethical AI considerations, autonomous systems, edge computing adoption. Major trends in the forecast period include ai-generated content proliferation, customization and personalization, cross-domain applications, ethical AI and bias mitigation, human-AI collaboration.
Get Your Free Sample of The Global Generative AI Market Report:
What are the key forces behind the generative ai market’s growth in recent years?
The increasing usage of artificial intelligence is expected to boost the growth of the generative AI market going forward. Artificial intelligence (AI) refers to the simulation of human intelligence processes by machines, especially computer systems and other smart tools and software’s. Generative AI automatically creates incredibly realistic and interactive virtual environments, decreasing the time and effort required to generate these environments while increasing their realism and interactivity. For instance, according to the European Commission, a European-based government body, enterprises using AI technologies was expected to increase from 28.4 in 2021 to 30.4 in 2023. Therefore, the rising need to create virtual worlds is driving the growth of the generative AI market.
What are the major segments of the generative ai market?
The generative ai market covered in this report is segmented –
1) By Component: Software, Services
2) By Offering Type: Image, Video, Speech, Other Offering Types
3) By Technology: Generative Adversarial Networks (GANs), Transformer, Variational Autoencoder (VAE), Diffusion Networks
4) By End-User: Media And Entertainment, BFSI (Banking, Financial Services And Insurance), IT And Telecom, Healthcare, Automotive And Transportation, Other End-Users
Subsegments:
1) By Software: AI Model Frameworks, Text Generation Tools, Image And Video Generation Software, Code Generation Tools, Design And Creative Tools
2) By Services: Consulting Services For AI Implementation, Managed Services For AI Operations, Training And Support Services, Custom AI Model Development, API Integration Services
Order your report now for swift delivery
Which companies dominate the generative ai market?
Major companies operating in the generative ai market include Alphabet Inc., Microsoft Corporation, Meta Platforms Inc., Dell Technologies Inc., Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, Lenovo Group Ltd., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Tata Consultancy Services Limited, NVIDIA Corporation, Salesforce Inc., Adobe Inc., Wipro Limited, VEESUAL, OpenAI LP, Larsen & Toubro Technology Services Limited, iGenie, Paige AI Inc., Synthesia, Inworld AI, Ordaos Bio, Rephrase.ai, D-ID, Mostly AI
What major trends will shape the generative ai market during the forecast period?
Technological advancement is the key trend gaining popularity in the generative AI market. Major companies operating in the generative AI market are focusing on developing new technologies. For instance, in January 2023, NVIDIA Corporation, a US-based technology company, launched new metaverse technologies for enterprises with a suite of generative AI tools. This technology’s unique feature is the addition of a group of innovative generative AI tools for 3D artists, such as Audio2Face, Audio2Gesture, and Audio2Emotion, that allow users to animate 3D characters. Producers may now use Audio2Face to create facial expressions from audio files, as well as Audio2Emotion to create emotions and Audio2Gesture to create gestures, with the updated versions of these tools.
What are the key regional dynamics of the generative ai market, and which region leads in market share?
The countries covered in the generative ai market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Generative AI Market Report 2025 Offer?
The generative ai market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Generative AI is a form of artificial intelligence (AI) system that generates new outputs based on data and can produce a variety of content such as text, images, audio, and synthetic data. It processes enormous volumes of data and generates unique outputs using unsupervised or semi-supervised learning.
Purchase the exclusive report now to unlock valuable market insights:
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
Twitter: https://twitter.com/tbrc_info
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
