Emergen Research has recently added a new report titled Global Generative Artificial Intelligence Market that provides an extensive analysis of the Generative Artificial Intelligence market and industry overview with regards to market size, market share, revenue growth, key companies, current and emerging market trends, recent technological and product developments, and a comprehensive analysis of the impact of COVID-19 pandemic on the growth of the Generative Artificial Intelligence Market.
The generative artificial intelligence (AI) market is experiencing significant growth as organizations across various industries recognize the potential of AI to generate creative and innovative solutions. Generative AI refers to the use of machine learning algorithms to create new content, such as images, music, and text, that resembles human-generated content. This technology has applications in fields like art, design, marketing, and entertainment.
The global generative Artificial Intelligence (AI) market size was USD 9.74 Billion in 2022 and is expected to register a revenue CAGR of 35.4% during the forecast period, according to latest analysis by Emergen Research. One of the key drivers of the generative AI market is the increasing demand for personalized and unique content. Businesses are leveraging generative AI to create customized products, services, and experiences for their customers. For example, in the fashion industry, generative AI can be used to design unique clothing patterns based on individual preferences. This ability to generate personalized content at scale is driving the adoption of generative AI.
Another driver is the advancements in deep learning algorithms and computational power. Deep learning models, such as generative adversarial networks (GANs) and variational autoencoders (VAEs), have significantly improved the quality and diversity of generative AI outputs. Additionally, the availability of high-performance computing resources has enabled faster training and inference of these models, making generative AI more accessible to businesses.
However, there are certain restraints that may hinder the growth of the generative AI market. One of the major challenges is the ethical implications of AI-generated content. There are concerns about copyright infringement, intellectual property rights, and the potential misuse of generative AI for malicious purposes. As a result, regulatory frameworks and guidelines are being developed to address these ethical concerns and ensure responsible use of generative AI.
In terms of recent product launches, here are a few examples:
- In March 2023, OpenAI launched the “DALL-E” model, which uses generative AI to create unique and realistic images from textual descriptions. This technology has applications in design, advertising, and visual storytelling.
- In April 2023, Adobe introduced the “Content Authenticity Initiative,” a collaboration with industry partners to develop a system for attributing and verifying the authenticity of digital content, including generative AI-generated content. This initiative aims to address the ethical concerns associated with AI-generated content.
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It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
Google, Microsoft Corporation, Amazon Web Services, Inc., Elemental Cognition, Inc., Adobe, Genie AI Ltd, OPENAI, INWORLD AI, Cohere AI, and Anthropic PBC
Report Highlights:
- Besides offering a vivid depiction of the global Generative Artificial Intelligence business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
Regional Landscape section of the Generative Artificial Intelligence Market report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Generative Artificial Intelligence market expected to boost the growth of the industry in the coming years.
Generative Artificial Intelligence Market Segmentation:
- Offering Type Outlook (Revenue, USD Billion; 2019-2032)
- Software
- Service
- Technology Outlook (Revenue, USD Billion; 2019-2032)
- Machine Learning
- Deep Learning
- Natural Learning Processing (NLP)
- Others
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Computer Vision
- Robotics & Automation
- Content Generation
- Chatbots & Intelligent Virtual Assistants
- Image & Art Generation
- Game Design & Character Production
- 3D Modeling
- Predictive Analytics & Modeling
- Others
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Highlights of Table of Contents (TOC):
- Overview of Global Generative Artificial Intelligence Market
- Competitive analysis of the Generative Artificial Intelligence Market
- Regional analysis of Global Generative Artificial Intelligence Market production and revenue
- Regional analysis of Global Generative Artificial Intelligence Market supply, consumption, and export & import
- Type-based market analysis of global Generative Artificial Intelligence production, revenue, and price trends
- Application-based analysis of the global Generative Artificial Intelligence Market
- Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Generative Artificial Intelligence market
- Conclusion of the research report
- Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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