BANGALORE, India, Oct. 11, 2023 /PRNewswire/ — The global generative AI market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.

Major Trends:

The variety of applications that generative AI has across sectors is a key factor in driving the Generative AI Market. The main trends impacting the AI environment include improved content production, personalized user experiences, creative support, automation in healthcare, conversational AI, AI-enhanced gaming, smart content curation, and data analysis. These patterns highlight how generative AI has the ability to alter many industries, making it a crucial technology.

Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Manu-0E89/Generative_AI_Market

GENERATIVE AI MARKET TRENDS:

The preferred tool for content production is generative AI, notably in the areas of natural language processing and picture generation. AI-generated content is being used by marketers and producers for a variety of tasks, including writing articles and creating images. The efficiency and inventiveness of content creation are being increased by this trend. The customization of user experiences across platforms is being driven by generative AI. In order to give personalized information and suggestions, AI systems analyze user behavior and preferences. Whether in e-commerce, entertainment, or social media, this personalization increases engagement and happiness. This factor is expected to drive the growth of the Generative AI Market.

An essential tool for creative professions is generative AI. AI is being used by musicians, designers, and artists to develop ideas, create art, and even compose music. With the blurring of the lines between human creativity and AI-generated innovation, new and creative material is produced. Through generative AI, tasks are being automated in the healthcare industry. AI is being used by medical experts to analyze medical pictures, aid in diagnosis, and even create treatment recommendations. The accuracy and efficiency of healthcare operations are increased by this trend. This factor is expected to drive the growth of the Generative AI Market.

Customer service and chatbot interactions are changing thanks to conversational AI, which is powered by generative AI. Real-time customer service is provided by businesses utilizing AI-powered chatbots, and the technology is developing to offer more believable and contextually aware discussions. Generative AI is revolutionizing game production in the gaming industry. AI-powered game engines produce engaging and surprising gameplay. With AI adjusting game environments in real time, gamers can anticipate more immersive and realistic gaming. This factor is expected to drive the growth of the Generative AI Market.

With generative AI, content recommendation systems are getting more intelligent. AI is being used by streaming services, news organizations, and e-commerce websites to create playlists of personalized content. Users are kept interested in this trend and are more likely to find fresh, pertinent material. For data analysis and insights, generative AI is essential. AI algorithms are being used by businesses to uncover important trends and patterns in huge datasets. This tendency promotes growth, enhances corporate methods, and helps in decision-making. This factor is expected to drive the growth of the Generative AI Market.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-0E89/generative-ai

GENERATIVE AI MARKET SHARE ANALYSIS

Due to businesses that have quickly gone digital and put a strain on cloud networks and data centers, Asia Pacific is predicted to experience significant growth during the forecast period. The adoption of AI is assisting the organization in enabling civil society members to be responsible and knowledgeable users of AI devices.

Get Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-0E89/Generative_AI_Market

GENERATIVE AI MARKET SEGMENTATION

By Technology:

• Generative Adversarial Networks (GANs)
• Transformer
• Variational Autoencoder (VAE)
• Diffusion Networks

By Technology:

• Software
• Services

By Application

• Media and Entertainment
• BFSI
• IT and Telecom
• Healthcare
• Automotive and Transportation

Key Companies:

• Adobe
• Amazon Web Services Inc
• D-ID
• Genie AI Ltd
• Google
• IBM Corporation
• Microsoft Corporation
• MOSTLY AI Inc
• Rephrase.ai
• Synthesia

Buy Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Manu-0E89/Generative_AI_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-0E89&lic=single-user 

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

–  The global artificial intelligence market size was valued at USD 65.48 billion in 2020, and is projected to reach USD 1,581.70 billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030.

–  AI Chat Software Developers Market

–  AI Chatting Software Market

–  Generative Design market is projected to grow from US$ 223.6 million in 2023 to US$ 562.8 million by 2029, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.

–  Synthetic Data Software Market

–  Generative Pre-trained Transformer (GPT) Market

–  AI Text Generator Market

–  AI-based 3D Asset Generation Software Market

–  Generative AI Application Market

–  Large Language Model (LLM) Market was valued at 10.5 Billion USD in 2022 and is anticipated to reach 40.8 Billion USD by 2029, witnessing a CAGR of 21.4% during the forecast period 2023-2029.

–  Voice Cloning market size is projected to reach US$ 1723.9 million by 2028, from US$ 364.8 million in 2021, at a CAGR of 24.6% during 2022-2028.

–  The global conversational AI market size was valued at USD 5.78 billion in 2020 and is projected to reach USD 32.62 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030.

–  The global edge AI hardware market size was valued at USD6.88 billion in 2020, and is projected to reach USD 38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030.

–  AI In Telecommunication market was valued at US$ 2482 million in 2022 and is anticipated to reach US$ 19170 million by 2029, witnessing a CAGR of 40.6% during the forecast period 2023-2029.

–  Off Price Retail market size is projected to reach USD 450540 Million by 2027, from USD 236080 Million in 2020, at a CAGR of 8.7% during 2021-2027.

–  AI Server PCB market was valued at US$ 96 million in 2022 and is anticipated to reach US$ 197.4 million by 2029, witnessing a CAGR of 12.0% during the forecast period 2023-2029.

–  AIGC Media Market

–  Edge AI Software market was valued at US$ 931.5 million in 2022 and is anticipated to reach US$ 3519.4 million by 2029, witnessing a CAGR of 24.8% during the forecast period 2023-2029.

–  Artificial Intelligence in Manufacturing and Supply Chain market is projected to grow from US$ 1165.4 million in 2023 to US$ 7671.9 million by 2029, at a Compound Annual Growth Rate (CAGR) of 36.9% during the forecast period.

–  Automotive Artificial Intelligence (AI) market was valued at US$ 3791.8 million in 2022 and is anticipated to reach US$ 20110 million by 2029, witnessing a CAGR of 32.1% during the forecast period 2023-2029.

–  Artificial Intelligence in FMCG and Retail Market

–  The Artificial Intelligence in healthcare market size was valued at USD 8.23 billion in 2020 and is projected to reach USD 194.4 billion by 2030, growing at a CAGR of 38.1% from 2021 to 2030.

–  Artificial Intelligence of Things (AIoT) Market

–  Algorithmic IT Operations (AIOps) market size is projected to reach USD 23.9 Billion by 2027, from USD 4.0 Billion in 2020, at a CAGR of 30% during 2021-2027.

–  Artificial Intelligence Visual Inspection System Market

–  Artificial Intelligence in Retail market is projected to grow from US$ 1300.4 million in 2023 to US$ 3853 million by 2029, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.

–  Artificial Intelligence as a Service Market

–  Artificial Intelligence in Cybersecurity Market

–  Artificial Intelligence(AI) Security Market

–  Artificial Intelligence Supply Chain Market

–  Artificial Intelligence (AI) in Food and Beverage Market

–  AI Governance market size is projected to reach US$ 116.3 million by 2028, from US$ 23 million in 2021, at a CAGR of 25.1% during 2022-2028.

–  AI-driven Drug Discovery Market

–  Artificial Intelligence Generated Content Platform Market

–  Robotic Desktop Automation (RDA) Market

–  The global synthetic data generation market was valued at USD 168.9 Million in 2021, and is projected to reach USD 3.5 Billion by 2031, growing at a CAGR of 35.8% from 2022 to 2031.

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com  
Blog: https://valuatestrends.blogspot.com/  
Pinterest: https://in.pinterest.com/valuatespins/  
Twitter: https://twitter.com/valuatesreports   
https://reports.valuates.com/sitemap/html/reports/962  
https://reports.valuates.com/sitemap/html/reports/963  
https://reports.valuates.com/sitemap/html/reports/964 

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/generative-ai-market-size-is-expected-to-grow-at-a-cagr-of-32—this-market-surges-as-ai-powered-creativity-transforms-industries–valuates-reports-301953960.html

SOURCE Valuates Reports