MarkNtel Advisors – Leading Market Research Company found Global Generative AI Market is expected to reach 29.6% CAGR Growth By 2030.

This report provides a comprehensive analysis of the Global Generative AI Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the Generative AI Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

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

Scope of the Generative AI Market Report:

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 market growth is attributed to several factors, such as increasing applications of technologies, like super-resolution & text-to-video conversion, and fueling mandate to modernization workflow across industries, which are influencing the demand for generative AI applications among different sectors.

Which prominent factor is expected to drive the Generative AI Market during 2024-30?

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.

What are the different Segment Available in the Generative AI Market?

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.

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

Leading Generative AI companies operating in the 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
• Others.

*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

About Us –

We are a leading market research company, 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.

Contact Us –

Call +1 628 895 8081 +91 120 4278433

Email: sales@marknteladvisors.com