Precision Business Insights has published a report on the global generative AIs market, estimating its value at USD 14,500 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 35% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/generative-ais-market
The Generative AI Market is a subset of artificial intelligence that focuses on producing new content—such as literature, photographs, music, video, code, and simulations—by learning patterns from vast datasets. Unlike classical AI, which classifies or predicts, generative AI models (such as GANs, VAEs, transformers, and diffusion models) generate unique outputs that resemble human creativity and intellect.
Drivers:
- Growth of large language models (LLMs), GANs, and diffusion models
- Rising need for automated text, image, and video generation in marketing, design, and customer service
The global generative AIs market segmentation:
1) By Components: Software, Services
2) By Technology: Generative Adversarial Networks (GANs), Transformers, Variational Auto-Encoders, Diffusion Network
3) By End User: Automotive & Transportation, BFSI, Media & Entertainment, IT & Telecommunication, Healthcare, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the generative AIs market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the generative AIs market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Synthesia, MOSTLY AI Inc., Genie AI Ltd., Amazon Web Services, Inc., IBM, Google LLC, Microsoft, Adobe, Rephrase.ai, D-ID
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