Report ID : AMR1003915 | Industries : | Published On :December 2023 | Page Count : 219
Global Generative Ai Market Size, Trends, and Growth Opportunity, By Component (Software and Services), By Technology (Transformers, Variational Auto Encoders and Diffusion Networks), By End User (Media & Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation and Others), By Region and forecast till 2030.
Global Generative Ai Market
Global Generative Ai Market was valued at USD 10.68 billion in 2022 and is slated to reach USD 138.01 billion by 2030 at a CAGR of 34.50% from 2023-2030.
Generative AI refers to a subset of artificial intelligence that focuses on creating or generating new content, data, or outputs that mimic human creativity or decision-making. It involves training algorithms to produce novel and valuable outputs, such as images, text, music, videos, and more, by learning patterns and structures from existing data. Generative AI techniques include Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), and other models that enable machines to produce content that wasn't explicitly programmed.
Market Drivers
Generative AI is being used in various creative fields, such as art, music, and design, to generate unique and innovative content. This has led to increased interest and adoption in industries that rely on creativity and artistic expression. Businesses can leverage generative AI to automate the creation of content, such as product descriptions, marketing copy, and social media posts. This can improve efficiency and reduce the need for manual content generation. Generative AI enables personalized recommendations and experiences for users. It can analyze user behavior and preferences to generate tailored content, recommendations, and product suggestions.
Market Restraints
Generating high-quality content consistently can be challenging. Ensuring that generated outputs meet desired standards and are appropriate for their intended use remains a concern. The use of generative AI raises ethical considerations, particularly when it comes to fake news, and other malicious uses of AI-generated content that can deceive or manipulate people. Generative AI models learn from existing data, which might contain biases present in the training data. This can lead to the reproduction of biased or unfair content.
Impact of COVID-19
The global market for generative artificial intelligence has been impacted by the COVID-19 pandemic, which started in China and spread throughout the world. The market for generative AI has primarily benefited from COVID-19. As a result of this change, virtual and augmented reality as well as other types of digital material has become more popular. There was a surge in demand for digital experiences like virtual tours, online classes, and digital events as more individuals worked and learned from home. As a result, generative AI tools like GPT-3 gained popularity for producing believable and interesting digital material.
Recent Development
On July 2023, D-ID has unveiled enhancements to its Creative Reality™ Studio, featuring a revamped UI and lifelike facial expressions for avatars, along with an upgraded chat platform enabling face-to-face conversations with user-uploaded images, leading to dynamic interactions and applications across industries.
Market Segmentation
Global Generative Ai Market is segmented into By Component, Technology and End-User. By component the market is segmented into software and services. By technology the market is segmented into transformers, variational auto encoders and diffusion networks. By end user the market is segmented into media & entertainment, BFSI, IT & telecommunication, healthcare, automotive & transportation and others.
Regional Analysis
Global Generative Ai Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. North America, especially the United States, is home to prominent AI research institutions, universities, and technology firms. This robust AI research ecosystem has nurtured a continuous stream of innovation and progress in generative AI technologies. The North American market has exhibited significant demand for advanced AI applications in diverse sectors, including technology, healthcare, finance, media, and entertainment. Generative AI has introduced inventive solutions tailored to these industries, propelling its adoption. The region's established tech giants and a vibrant startup culture have played a vital role in driving the expansion of the generative AI market. Leading companies like Google, Microsoft, Facebook, and OpenAI have been actively engaged in the development and deployment of generative AI solutions.
Key Players
This report includes a list of numerous Key Players, namely Synthesia, MOSTLY AI Inc., Genei AI Ltd., Amazon webservices Inc., IBM, Google LLC, Microsoft, Adobe, D-ID.
Market Taxonomy
By Component
• Software
• Services
By Technology
• Transformers
• Variational Autoencoders
• Diffusion Networks
By End-User
• Media & Entertainment
• BFSI
• IT & Telecommunication
• Healthcare
• Automotive & Transportation
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
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Global Generative Ai Market
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Data Mining
2.2. Validation
2.3. Primary Interviews
2.4. List of Data Sources
3. Executive Summary
4. Global Generative Ai Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global Generative Ai Market, By Component
5.1. Y-o-Y Growth Comparison, By Component
5.2. Global Generative Ai Market Share Analysis, By Component
5.3. Global Generative Ai Market Size and Forecast, By Component
5.3.1. Software
5.3.2. Services
6. Global Generative Ai Market, By Technology
6.1. Y-o-Y Growth Comparison, By Technology
6.2. Global Generative Ai Market Share Analysis, By Technology
6.3. Global Generative Ai Market Size and Forecast, By Technology
6.3.1. Transformers
6.3.2. Variational Auto Encoders
6.3.3. Diffusion Networks
7. Global Generative Ai Market, By End User
7.1. Y-o-Y Growth Comparison, By End User
7.2. Global Generative Ai Market Share Analysis, By End User
7.3. Global Generative Ai Market Size and Forecast, By End User
7.3.1. Media & Entertainment
7.3.2. BFSI
7.3.3. IT & Telecommunication
7.3.4. Healthcare
7.3.5. Automotive & Transportation
7.3.6. Others
8. Global Generative Ai Market, By Region
8.1. Global Generative Ai Market Share Analysis, By Region
8.2. Global Generative Ai Market Share Analysis, By Region
8.3. Global Generative Ai Market Size and Forecast, By Region
9. North America Generative Ai Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. North America Generative Ai Market Share Analysis, By Component
9.3. North America Generative Ai Market Share Analysis, By Technology
9.4. North America Generative Ai Market Share Analysis, By End User
9.5. North America Generative Ai Market Size and Forecast, By Country
9.5.1. U.S.
9.5.1.1. Market Size and Forecast, By Component
9.5.1.2. Market Size and Forecast, By Technology
9.5.1.3. Market Size and Forecast, By End User
9.5.2. Canada
9.5.2.1. Market Size and Forecast, By Component
9.5.2.2. Market Size and Forecast, By Technology
9.5.2.3. Market Size and Forecast, By End User
9.5.3. Mexico
9.5.3.1. Market Size and Forecast, By Component
9.5.3.2. Market Size and Forecast, By Technology
9.5.3.3. Market Size and Forecast, By End User
10. Europe Generative Ai Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Europe Generative Ai Market Share Analysis, By Component
10.3. Europe Generative Ai Market Share Analysis, By Technology
10.4. Europe Generative Ai Market Share Analysis, By End User
10.5. Europe Generative Ai Market Size and Forecast, By Country
10.5.1. Germany
10.5.1.1. Market Size and Forecast, By Component
10.5.1.2. Market Size and Forecast, By Technology
10.5.1.3. Market Size and Forecast, By End User
10.5.2. France
10.5.2.1. Market Size and Forecast, By Component
10.5.2.2. Market Size and Forecast, By Technology
10.5.2.3. Market Size and Forecast, By End User
10.5.3. UK
10.5.3.1. Market Size and Forecast, By Component
10.5.3.2. Market Size and Forecast, By Technology
10.5.3.3. Market Size and Forecast, By End User
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Component
10.5.4.2. Market Size and Forecast, By Technology
10.5.4.3. Market Size and Forecast, By End User
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Component
10.5.5.2. Market Size and Forecast, By Technology
10.5.5.3. Market Size and Forecast, By End User
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Component
10.5.6.2. Market Size and Forecast, By Technology
10.5.6.3. Market Size and Forecast, By End User
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Component
10.5.7.2. Market Size and Forecast, By Technology
10.5.7.3. Market Size and Forecast, By End User
11. Asia Pacific Generative Ai Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Asia Pacific Generative Ai Market Share Analysis, By Component
11.3. Asia Pacific Generative Ai Market Share Analysis, By Technology
11.4. Asia Pacific Generative Ai Market Share Analysis, By End User
11.5. Asia Pacific Generative Ai Market Size and Forecast, By Country
11.5.1. China
11.5.1.1. Market Size and Forecast, By Component
11.5.1.2. Market Size and Forecast, By Technology
11.5.1.3. Market Size and Forecast, By End User
11.5.2. Japan
11.5.2.1. Market Size and Forecast, By Component
11.5.2.2. Market Size and Forecast, By Technology
11.5.2.3. Market Size and Forecast, By End User
11.5.3. India
11.5.3.1. Market Size and Forecast, By Component
11.5.3.2. Market Size and Forecast, By Technology
11.5.3.3. Market Size and Forecast, By End User
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Component
11.5.4.2. Market Size and Forecast, By Technology
11.5.4.3. Market Size and Forecast, By End User
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Component
11.5.5.2. Market Size and Forecast, By Technology
11.5.5.3. Market Size and Forecast, By End User
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Component
11.5.6.2. Market Size and Forecast, By Technology
11.5.6.3. Market Size and Forecast, By End User
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Component
11.5.7.2. Market Size and Forecast, By Technology
11.5.7.3. Market Size and Forecast, By End User
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Component
11.5.8.2. Market Size and Forecast, By Technology
11.5.8.3. Market Size and Forecast, By End User
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Component
11.5.9.2. Market Size and Forecast, By Technology
11.5.9.3. Market Size and Forecast, By End User
12. Latin America Generative Ai Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Latin America Generative Ai Market Share Analysis, By Component
12.3. Latin America Generative Ai Market Share Analysis, By Technology
12.4. Latin America Generative Ai Market Share Analysis, By End User
12.5. Latin America Generative Ai Market Size and Forecast, Country
12.5.1. Brazil
12.5.1.1. Market Size and Forecast, By Component
12.5.1.2. Market Size and Forecast, By Technology
12.5.1.3. Market Size and Forecast, By End User
12.5.2. Argentina
12.5.2.1. Market Size and Forecast, By Component
12.5.2.2. Market Size and Forecast, By Technology
12.5.2.3. Market Size and Forecast, By End User
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Component
12.5.3.2. Market Size and Forecast, By Technology
12.5.3.3. Market Size and Forecast, By End User
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Component
12.5.4.2. Market Size and Forecast, By Technology
12.5.4.3. Market Size and Forecast, By End User
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Component
12.5.5.2. Market Size and Forecast, By Technology
12.5.5.3. Market Size and Forecast, By End User
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Component
12.5.6.2. Market Size and Forecast, By Technology
12.5.6.3. Market Size and Forecast, By End User
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Component
12.5.7.2. Market Size and Forecast, By Technology
12.5.7.3. Market Size and Forecast, By End User
13. Middle East Generative Ai Market Analysis and Forecast (2023-2030)
13.1. Introduction
13.2. Middle East Generative Ai Market Share Analysis, By Component
13.3. Middle East Generative Ai Market Size and Forecast, By Technology
13.4. Middle East Generative Ai Market Size and Forecast, By End User
13.5. Middle East Generative Ai Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Component
13.5.1.2. Market Size and Forecast, By Technology
13.5.1.3. Market Size and Forecast, By End User
13.5.2. UAE
13.5.2.1. Market Size and Forecast, By Component
13.5.2.2. Market Size and Forecast, By Technology
13.5.2.3. Market Size and Forecast, By End User
13.5.3. Egypt
13.5.3.1. Market Size and Forecast, By Component
13.5.3.2. Market Size and Forecast, By Technology
13.5.3.3. Market Size and Forecast, By End User
13.5.4. Kuwait
13.5.4.1. Market Size and Forecast, By Component
13.5.4.2. Market Size and Forecast, By Technology
13.5.4.3. Market Size and Forecast, By End User
13.5.5. South Africa
13.5.5.1. Market Size and Forecast, By Component
13.5.5.2. Market Size and Forecast, By Technology
13.5.5.3. Market Size and Forecast, By End User
13.5.6. Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Component
13.5.6.2. Market Size and Forecast, By Technology
13.5.6.3. Market Size and Forecast, By End User
14. Competitive Analysis
14.1. Competition Dashboard
14.2. Market share Analysis of Top Vendors
14.3. Key Development Strategies
15. Company Profiles
15.1. Synthesia
15.1.1. Offerings
15.1.2. Key Financials
15.1.3. Business Segment & Geographic Overview
15.1.4. Key Market Developments
15.1.5. Key Strategies
15.2. MOSTLY AI Inc.
15.2.1. Overview
15.2.2. Offerings
15.2.3. Key Financials
15.2.4. Business Segment & Geographic Overview
15.2.5. Key Market Developments
15.2.6. Key Strategies
15.3. Genei AI Ltd.
15.3.1. Overview
15.3.2. Offerings
15.3.3. Key Financials
15.3.4. Business Segment & Geographic Overview
15.3.5. Key Market Developments
15.3.6. Key Strategies
15.4. Amazon webservices Inc.
15.4.1. Overview
15.4.2. Offerings
15.4.3. Key Financials
15.4.4. Business Segment & Geographic Overview
15.4.5. Key Market Developments
15.4.6. Key Strategies
15.5. IBM
15.5.1. Overview
15.5.2. Offerings
15.5.3. Key Financials
15.5.4. Business Segment & Geographic Overview
15.5.5. Key Market Developments
15.5.6. Key Strategies
15.6. Google LLC
15.6.1. Overview
15.6.2. Offerings
15.6.3. Key Financials
15.6.4. Business Segment & Geographic Overview
15.6.5. Key Market Developments
15.6.6. Key Strategies
15.7. Microsoft
15.7.1. Overview
15.7.2. Offerings
15.7.3. Key Financials
15.7.4. Business Segment & Geographic Overview
15.7.5. Key Market Developments
15.7.6. Key Strategies
15.8. Adobe
15.8.1. Overview
15.8.2. Offerings
15.8.3. Key Financials
15.8.4. Business Segment & Geographic Overview
15.8.5. Key Market Developments
15.8.6. Key Strategies
15.9. D-ID
15.9.1. Overview
15.9.2. Offerings
15.9.3. Key Financials
15.9.4. Business Segment & Geographic Overview
15.9.5. Key Market Developments
15.9.6. Key Strategies
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