Overview of the Global Generative AI Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Generative AI Market By Component (Software, Service), By Technology (Generative Adversarial Networks (GANs), Transformers, Variational Autoencoder (VAE), Diffusion Networks, Retrieval Augmented Generation), By Application (Computer Vision, NLP, Robotics & Automation, Content Generation, Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)), By Model (Large Language Models, Image & Video Generative Models, Multi-model Generative Models, Others (Text-to-Text Generative Models, Audio Generative Models, etc.)), By End User (Media & Entertainment, BFSI, Healthcare, IT & Telecom, Others (Automotive & Transportation, Gaming, etc.)), and Others, The Global Generative AI Market size is valued at around USD 28.9 billion in 2024 and is estimated to reach around USD 142.7 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 31.2% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Generative AI Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 31.2%
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Global Generative AI Market Opportunity:
Healthcare Sector Showing Potential Growth Prospects – The potential of generative AI to change medical research and practice makes the healthcare industry a key growth opportunity for the generative AI industry. By modeling intricate chemical interactions and producing viable drug candidates, generative AI can expedite drug discovery and drastically cut down on the time and expense required to bring novel medications to market. Artificial intelligence (AI) algorithms can evaluate and improve medical imaging pictures, hence improving the accuracy of early identification of cardiac issues or cancer.
Furthermore, by evaluating patient data to create individualized treatment plans and improving care based on unique genetic and lifestyle characteristics, generative AI can support personalized medicine. As, the healthcare sector increasingly adopts AI technologies, demand for Gen AI integration in the healthcare system will also increase in the coming years, ultimately augmenting the size & volume of the Gen AI companies.
A Comprehensive Analysis of Leading Companies of Generative AI Market by MarkNtel Advisors:
- IBM Corporation
- Google LLC
- Amazon Web Services
- Adobe
- Microsoft Corporation
- ai
- Meta
- Genie AI Ltd.
- MOSTLY AI Inc.
- NVIDIA
- Insilico Medicine
- Open AI
- Synthesia
- Giphy
- Lumen 5
- Others
Key Generative AI Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/generative-ai-market.html
-By Application
- Computer Vision
- NLP
- Robotics & Automation
- Content Generation
- Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)
The natural language processing (NLP) segment holds the largest market share and is anticipated to grow at a substantial compound annual growth rate (CAGR) during 2025-30.
-By End User
- Media & Entertainment
- BFSI
- Healthcare
- IT & Telecom
- Others (Automotive & Transportation, Gaming, etc.)
Among these, the Media & Entertainment segment held a considerable market share in the past years & is projected to maintain its market position in the coming years as well.
-By Component
- Software- Market Size & Forecast 2020-2030F, USD Million
- Service- Market Size & Forecast 2020-2030F, USD Million
-By Technology
- Generative Adversarial Networks (GANs)- Market Size & Forecast 2020-2030F, USD Million
- Transformers- Market Size & Forecast 2020-2030F, USD Million
- Variational Autoencoder (VAE)- Market Size & Forecast 2020-2030F, USD Million
- Diffusion Networks- Market Size & Forecast 2020-2030F, USD Million
- Retrieval Augmented Generation- Market Size & Forecast 2020-2030F, USD Million
-By Model
- Large Language Models- Market Size & Forecast 2020-2030F, USD Million
- Image & Video Generative Models- Market Size & Forecast 2020-2030F, USD Million
- Multi-model Generative Models- Market Size & Forecast 2020-2030F, USD Million
- Others (Text-to-Text Generative Models, Audio Generative Models, etc.)- Market Size & Forecast 2020-2030F, USD Million
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America held the largest market share in the past few years and is anticipated to grow at the fastest pace over the future years as well.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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