Global Generative AI Market Size, Trends & Growth Opportunity, By Component (Software and services), By Technology (Transformers, Variational and Encoders, Diffusion Networks), By End User (Media and Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation, Others) By Region and Forecast till 2030.
Market Overview
Global Generative Ai Market was valued at USD 10.68 billion in 2022 and is slated to reach USD 138.01 billion by 2030 at a CAGR of 34.50% from 2023-2030.. The branch of artificial intelligence known as generative intelligence (GenAI) can produce a wide variety of data, including audio, code, photos, text, simulations, 3D models, films, and so forth. It draws inspiration from existing data but also produces novel and unexpected results, setting new standards in a variety of fields like product design and the arts.
Market Drivers
Any computer-generated voice can be made to sound like a real person using generative AI. One of the most well-known and influential AI text-to-speech generators is called Synthesis, and anyone may use it to quickly produce a professional AI voiceover or video. This platform is at the forefront of creating algorithms for advertising-use videos with text-to-voiceover. With the aid of Synthesis Text-to-Video (TTV) and Text-to-Speech (TTS) technologies, which transform a script into compelling media presentations and so fuel the market's growth, imagine having a natural human voice to improve product tutorials or website explainer films in minutes.
Market Restraints
While generative AI effectively enables machines to produce new content, it also has some restrictions. The adoption of generative AI still needs significant funding and a trained team because it is in its early phases. According to IBM's worldwide AI adoption index report 2022, 34% of respondents believed that industries were unable to implement AI because of a lack of information, competence, or skills in the field. As a result, it is projected that the demand for an experienced workforce and high implementation costs will restrain the market's expansion.
Market Segmentation
Global Generative AI Market is segmented into components such as software & Services. Further, the market is categorized into technology such as Transformers, Variational and Encoders, Diffusion Networks, and End users into Media and Entertainment, BFSI, IT & Telecommunication, Healthcare, Automotive & Transportation, and Others.
Also, Generative AI Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Player
Various key players are discussed in this report such as Synthesia, MOSTLY AI Inc., Genei AI Ltd., Amazon web services Inc., IBM, Google LLC, Microsoft, Adobe, Rephrase.ai, and D-ID.
Market Taxonomy
By Component
• Software
• Services
By Technology
• Transformers
• Variational and Encoders
• Diffusion Networks
By End Users
•Media and Entertainment
• BFSI
• IT & Telecommunication
• Healthcare
• Automotive & Transportation
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Generative AI Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Generative AI Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Generative AI Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Generative AI Market Share Analysis, By Component
5.3 Global Generative AI Market Size and Forecast, By Component
5.3.1 Software
5.3.2 Services
6Global Generative AI Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Generative AI Market Share Analysis, By Technology
6.3 Global Generative AI Market Size and Forecast, By Technology
6.3.1 Transformers
6.3.2 Variational Auto Encoders
6.3.3 Diffusion Networks
7 Global Generative AI Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Generative AI Market Share Analysis, By End User
7.3 Global Generative AI Market Size and Forecast, By End User
7.3.1 Media & Entertainment
7.3.2 BFSI
7.3.3 IT & Telecommunication
7.3.4 Healthcare
7.3.5 Automotive & Transportation
7.3.6 Others
8 Global Generative AI Market, By Region
8.1 Global Generative AI Market Share Analysis, By Region
8.2 Global Generative AI Market Share Analysis, By Region
8.3 Global Generative AI Market Size and Forecast, By Region
9 North America Generative AI Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Generative AI Market Share Analysis, By Component
9.3 North America Generative AI Market Size and Forecast, By Fabric Components
9.4 North America Generative AI Market Size and Forecast, By End User
9.5 North America Generative AI Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Generative AI Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Generative AI Market Share Analysis, By Component
10.3 Europe Generative AI Market Size and Forecast, By Fabric Components
10.4 Europe Generative AI Market Size and Forecast, By End User
10.5 Europe Generative AI Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Generative AI Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Generative AI Market Share Analysis, By Component
11.3 Asia Pacific Generative AI Market Size and Forecast, By Fabric Components
11.4 Asia Pacific Generative AI Market Size and Forecast, By End User
11.5 Asia Pacific Generative AI Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Generative AI Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Generative AI Market Share Analysis, By Component
12.3 Latin America Generative AI Market Size and Forecast, By Fabric Components
12.4 Latin America Generative AI Market Size and Forecast, By End User
12.5 Latin America Generative AI Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Generative AI Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Generative AI Market Share Analysis, By Component
13.3 Middle East Generative AI Market Size and Forecast, By Fabric Components
13.4 Middle East Generative AI Market Size and Forecast, By End User
13.5 Middle East Generative AI Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 South Africa
13.5.3 UAE
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Synthesia
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 MOSTLY AI Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Genei AI Ltd.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Amazon Web service Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 IBM
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Google LLC
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Microsoft
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Adobe
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Rephrase.ai
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 D-ID
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key StrategieS
