According to the latest market research report title “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–Forecast to 2030″, published by MarkNtel Advisors. The Global Generative AI Market size was valued at around USD 12 million in 2022 and is estimated to grow at a CAGR of about 29.6% during the forecast period, i.e., 2024-30.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Generative AI Market Possible Restraint:
Risks Associated with Data Security & Misuse of Generative AI to Hamper Industry Expansion
One of the major risks associated with technology is the breaching of sensitive information, which may lead to various problems in terms of both reputational & expenses. These risks are considered as the potential restraint for the market around the globe. Data security concerns and unresolved generative AI projects are impeding Generative AI market growth. As global data privacy requirements tighten, data security becomes more important in generative AI technology.
Nowadays, these technologies are used in a variety of industries where they interact with and generate massive amounts of critical data. The production and use of an excessive number of datasets for training generative AI models makes them a tempting target for cyber attackers. Hence, these concerns about generative AI would stifle market expansion.
Generative AI Market Segmentation
The Generative AI Market is highly robust and fragmented into numerous segments;
By Component
-Software- Market Size & Forecast 2019-2030F, USD Million
-Service- Market Size & Forecast 2019-2030F, USD Million
By Technology
-Generative Adversarial Networks (GANs)- Market Size & Forecast 2019-2030F, USD Million
-Transformers- Market Size & Forecast 2019-2030F, USD Million
-Variational Autoencoder (VAE)- Market Size & Forecast 2019-2030F, USD Million
-Diffusion Networks- Market Size & Forecast 2019-2030F, USD Million
-Retrieval Augmented Generation- Market Size & Forecast 2019-2030F, USD Million
By Application
-Computer Vision- Market Size & Forecast 2019-2030F, USD Million
-NLP- Market Size & Forecast 2019-2030F, USD Million
-Robotics & Automation- Market Size & Forecast 2019-2030F, USD Million
-Content Generation- Market Size & Forecast 2019-2030F, USD Million
-Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Model
-Large Language Models- Market Size & Forecast 2019-2030F, USD Million
-Image & Video Generative Models- Market Size & Forecast 2019-2030F, USD Million
-Multi-model Generative Models- Market Size & Forecast 2019-2030F, USD Million
-Others (Text-to-Text Generative Models, Audio Generative Models, etc.)- Market Size & Forecast 2019-2030F, USD Million
By End User
-Media & Entertainment- Market Size & Forecast 2019-2030F, USD Million
-BFSI- Market Size & Forecast 2019-2030F, USD Million
-Healthcare- Market Size & Forecast 2019-2030F, USD Million
-IT & Telecom- Market Size & Forecast 2019-2030F, USD Million
-Others (Automotive & Transportation, Gaming, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the Generative AI Market: –
Open AI
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Synthesia
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Giphy
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Lumen 5
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the Generative AI Market during the forecast period?
- Which segment is expected to lead the Generative AI Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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