Generative AI Market Overview: Driving Forces Behind Rapid Growth & Expansion

Markntel Advisors’ report, Generative AI Research Report: Industry Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Generative AI presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Generative AI Market Industry Research Report & Market Summary:

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 advancements in machine learning algorithms, the availability of vast datasets, and rising processing power are the main factors propelling the revenue growth of the generative AI industry and allowing for more complex and imaginative results.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/generative-ai-market.html

Generative AI Market Dynamics:

Key Driver-

Growing Demand for Personalized & Engaging Digital Content – The generative AI requirements are primarily driven by the increasing demand for personalized and engaging digital content because of some interconnected variables. Businesses must use AI-driven solutions that can analyze user data and produce content tailored to individual interests as customers want more and more personalized experiences.

Additionally, as social media and virtual advertising have grown in popularity, competition has reached a different level, forcing companies to create greater enticing content to capture the target market. According to a HubSpot survey, around 72% of clients said they favor engaging with tailor-made content, demonstrating the importance of this sort of content in increasing user engagement and conversion rates. The best generative AI tools also expedite the process of content creation and save time & money while increasing creativity.

These developments are especially helpful to the entertainment, advertising, and e-commerce sectors as they use AI to provide personalized shopping experiences, targeted advertisements, and immersive storylines. The Global Generative AI Market size & volume is expected to reach new heights as long as businesses prioritize customization to cultivate consumer loyalty. This is because a continuously changing digital world increases the demand for innovative & creative content.

Generative AI Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

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- Market Size & Forecast 2019-2030F, USD Million

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.

As indicated in the latest market research report published by Markntel Advisors, “Generative AI Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Generative AI. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/generative-ai-market.html

Top Companies Operating in the Generative AI Market:

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

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Key Report 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

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & Generative AI Market adoption?
How has the competition been shaping up across the geography?

Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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