Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Generative Artificial Intelligence (AI) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Generative Artificial Intelligence (AI) Market to Reach $86.4 Billion by 2030
The global market for Generative Artificial Intelligence (AI) estimated at US$12 Billion in the year 2023, is projected to reach a revised size of US$86.4 Billion by 2030, growing at a CAGR of 27.9% over the analysis period 2023-2030.
Generative Artificial Intelligence Software, one of the segments analyzed in the report, is projected to record 24.4% CAGR and reach US$41.8 Billion by the end of the analysis period. Growth in the Generative Artificial Intelligence Services segment is estimated at 32.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 32.9% CAGR
The Generative Artificial Intelligence (AI) market in the U.S. is estimated at US$4.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$11.1 Billion by the year 2030 trailing a CAGR of 32.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.1% and 25.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 29.3% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Topics Covered:
MARKET OVERVIEW
- Generative AI Revolution Has Begun & Navigating the Emerging Landscape Should be the Top Priority for Businesses & Their Leaders
- The Rise of Generative (GAI) Exemplified!: % Share of Generative AI Data in Total Data Produced for Years 2023, 2025 and 2027
- C-Suite Members Fully Awaken to the Benefits of GAI: % Share of CEO Responses Regarding AI Deployment & Implementation as of the Year 2023
- How Can Companies Use GAI in Combination With Applied AI to Optimize Business & Operational Outcomes?
- These Startups Can Become Game Changers in the Generative AI (GAI) Space
- This Time Around, the AI Narrative on Changing the World Will Be Different. Here's Why
- Case for GAI Powered Productivity Becomes Water Tight: % Productivity Increases With GAI by Type of Work Tasks
- Quantifying GAI Boost to Economic and Business Productivity & Growth
- AI Impact on Global Economy is Mind-bending!: Annual Potential Contribution of AI Enabled Innovations to Global GDP (In US$ Trillion) by Category Under an Optimistic Scenario Assuming Successful Implementation Across All Potential Application Areas
- Where Exactly Will The Value Gains Come From With AI? % Share Break of Value Addition to Global GDP by Area of Benefit by the Year 2030
- Generative AI (GAI) Overview, Models & Tools: A Review
- Competition
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- The State of Venture Capital Investments in GAI Startups: A Review
- Investor Interest in GAI Soars High: Global Equity Funding (In US$ Billion) & Number of Deals in GAI Space for the Years 2019 Through 2023
- % Share of GAI Startups by Funding Stage as of the Year 2023
- What & Where is the Current Focus of GAI Initiatives & Why?
- Customer Experience & Monitoring Ranks High Among the Primary Purpose of Corporate Generative AI Investments: % of Executive Responses Classified by Type of GAI Initiatives in their Companies as of the Year 2023
- Digital Maturity & Need to Sharpen Competitive Edge Represent Driving Factors for Adoption and Absorption of Generative AI (GAI)
- Digitally Mature Companies Have 15% Higher Probability of GAI Adoption and Absorption as Compared to Less Digitally Mature Companies: % of Companies Under Various Stages of Digital Maturity as of the Year 2023
- Companies With Mature Traditional AI Infrastructure Are Better Positioned to Deploy & Leverage GAI. Here's Why
- A Large & Maturating AI Ecosystem Means the Time is Ripe for GAI to Work Its Magic: Global Market for Artificial Intelligence (AI) (In US$ Million) for Years 2023, 2025 and 2027
- Gen Z Executives Are More Inclined to Adopt GAI Compared to Their Millennial and Gen X Counterparts
- Adoption of GAI in the Workplace in the U.S. by Generation as of the Year 2023
- GAI Holds the Potential to Drive Productivity Gains in Retail & Consumer Packaged Goods
- Banks Are Next in Line to Realize Significant Value from GAI
- GAI Shapes the Future of the Automotive Industry
- GAI Spells Benefits Across the Entire Pharmaceutical Value Chain. Here's How
- GAI Finally Brings Hope for Cutting the Staggering Cost of Drug Development Which has Been Rising for Decades: Average Cost of New Drug Development (In US$ Million) as of the Year 2023
- Immense Potential Awaits GAI in Gaming
- As Appetite for Immersive Technologies Grows, GAI Will Find Lucrative Opportunities for Application Growth: Global Market for Immersive Technologies (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- With the Capability of Automating Cognitive Skills, Generative AI Impact on the Knowledge Worker, Is it Supportive or Substitutive Or a Combination of Both?
- Automation Enabled by AI & GAI Poses a Real Job Replacement Threat: % of Work Tasks Exposed to Automation by AI in the U.S. & Europe by Industry as of the Year 2023
- Powerful Technologies like GAI Can be Supportive than Substitutive: Effect of AI Adoption on Annual Labor in Terms of % of Increased Productivity of Non-Displaced Workers & Labor Displacement Over a 10 Year Adoption Horizon
- Hitherto Having the Lowest Potential for Automation, Decision Making & Collaboration Today Stands Vulnerable to Automation by GAI: GAI Enabled Automation Potential (in %) of Knowledge Worker Tasks
- Reskilling & Upskilling Remains a Vital Need to Reduce GAI Impact on the Labor Market
- Advancements in Generative AI (GAI) Models & Their Training Data Remains Crucial to Keep GAI on Track to Surpass Industry Predictions
- What Are the Potential Risks from GAI & How Can Companies Address Them
- Cost Remains a Primary Obstacle in Building Generative AI Models
FOCUS ON SELECT PLAYERS(Total 778 Featured)
- 1910 Genetics
- 2UP Games
- 521 Products Pty Ltd. (SmartWriter)
- 6 Sense Insights, Inc.
- A-Alpha Bio
- Ace IT Edu, Inc.
- Ada Support Inc.
- AdCreative
- Adept AI AdmitHub, Inc. (Mainstay)
- AdsGency AI, Inc.
- Affiniti AI
- Aflorithmic (AudioStack)
For more information about this report visit https://www.researchandmarkets.com/r/lv7xpp
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