Press release
Global Generative AI Market 2024: Revenue Growth, Industry Size, Key Player Updates, and Future Outlook to 2031 |Abacus.AI, Adobe, Adept, AI21 Labs
Generative AI Market
Global generative AI market is estimated to be valued at USD 68.34 Bn in 2024 and is expected to reach USD 496.82 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 32.8% from 2024 to 2031.
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All interested in global Generative AI industry experts can use this report to examine market trends, gauge the competitive landscape, spot business opportunities, and zero in on the major market drivers. The analysis covers company profiles of the top market players, information on their recent product launches, product extensions, marketing strategies, business strategy, business infrastructure, upcoming rival products and services, price trends, and business infrastructure. Research methodologies like primary research, secondary research, bottom-up and top-down approaches, SWOT analysis, Porter Five Forces analysis, and others are used to study the Generative AI market.
Top Key Players are covered in this Report:
Abacus.AI, Adobe, Adept, AI21 Labs, Amazon Web Services (AWS), Anthropic, Character.ai, Cohere, Google, Hugging Face, IBM, Insilico Medicine, Microsoft, and NVIDIA
Generative AI Market: Segment Analysis
By Technology Insights (Revenue, USD Bn, 2019 - 2031)
Deep Learning
Machine Learning
Natural Language Processing (NLP)
By Deployment Mode Insights (Revenue, USD Bn, 2019 - 2031)
Cloud-based
On-premises
By Application Insights (Revenue, USD Bn, 2019 - 2031)
Content Creation
Chatbots and Virtual Assistants
Image and Video Generation
Music Generation
Others
Regional Analysis for Generative AI Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
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Key Benefits for Industry Participants & Stakeholders:
The study's coverage of industry drivers, restrictions, and opportunities
Impartial opinion on the condition of the market
The most recent innovations and trends in the industry
Competitive environment and important players' plans
Covered are promising growth regions, potential niche markets, and
Size of the market in terms of value, past, present, and future
Comprehensive study of the Generative AI market
Report Spotlights
Generative AI business advancements will help participants in creating successful long-term plans
Companies use business growth strategies to ensure growth in both developed and developing markets.
Global Generative AI market quantitative study from 2024 to 2031
Estimation of Generative AI Demand in Different Industries
The effectiveness of buyers and suppliers functioning in the Generative AI business is demonstrated using Porter's Five Forces analysis.
Recent advancements to better comprehend the Generative AI industry environment and demand
Market developments, prospects, and driving forces for the Generative AI market
Understanding the business interests that support market expansion plans can help in decision-making.
Market size for Generative AI at various market nodes
Detailed market overview, market segmentation, and industry dynamics are provided.
Market size for Generative AI in various regions, with potential for expansion
Key Questions Answered in This Report:
What would the projected growth rate be from 2024 to 2031? How big will it get in the projected amount of time?
What are the main factors that will determine the future of the Generative AI sector in the upcoming years?
Who are the leading competitors in the Generative AI , and what are their successful acquisition strategies?
What are the main trends impacting the growth of Generative AI in different geographical areas?
What opportunities should you take precedence?
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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