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Generative AI Market Growth, Share, Trends Analysis, Business Opportunities and Forecast 2030: Markntel Advisors

Published on by wasimark

Market Insights

As per recent research 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.

Global Generative AI Market Key Driver:

Growing Awareness About Generative AI to Thrive Market Growth – The surging consciousness about Generative AI acts as a key driver of the Generative AI Market. Conventional AI-driven conversational interfaces are often limited by predefined instructions, resulting in inadequate responses due to their inability to fully comprehend user queries. Generative AI, on the other hand, addresses this issue by understanding, learning, and formulating chat responses based on context and intent.

These generative models rely on virtual assistants, incorporating technologies like chatbots, deep learning, NLP (Natural Language Processing), NGL (Natural Language Generation), and LLM (Large Language Models). As a result, this empowers intelligent virtual assistants and other conversational interfaces to engage with users in a more human-like manner. As consumers become more aware of the advantages of generative AI, its adoption is on the rise for various applications. The user-friendly nature & benefits provided by generative AI are expected to contribute to boosting the Generative AI Market growth in the foreseeable future.

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Market Segmentation and Consumer Behavior:

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

Read Full Report: https://www.marknteladvisors.com/research-library/generative-ai-market.html

Generative AI Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Generative AI Market

Several prominent players dominate the Generative AI Market, including:

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

Report Delivery – MarkNtel Advisors 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.

Questions Addressed in this Study

1.What factors are driving the Generative AI Market growth?

2.How is the Generative AI Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Generative AI Market?

4.What is the current size of the Generative AI Market, and how is it projected to change in the future?

5.What is the future outlook for the Generative AI Market in terms of technological advancements and market expansion?

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Why 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.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

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