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.
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Generative AI Market Growth, Trends, Revenue, Size, Future Plans and Forecast 2030
1. MARKET RESEARCH REPORT
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RESEARCH REPORT:
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2. Company
Overviews
MarkNtel Advisors is a leading consulting, data analytics, and
market research firm that provides an extensive range of strategic
reports on diverse industry verticals. We being a qualitative &
quantitative research company, strive to deliver data to a
substantial & varied client base, including multinational
corporations, financial institutions, governments, and individuals,
among others. We have our existence across the market for many
years and have conducted multi-industry research across 80+
countries, spreading our reach across numerous regions like
America, Asia-Pacific, Europe, the Middle East & Africa, etc., and
many countries across the regional scale, namely, the US, India,
the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
3. OurVisionand
Mission
We help our investors to establish robust strategies for the
implementation of best practices to overcome challenges & tap new
opportunities for their growth in the industry. Our goal is to benefit
individuals & communities by working with our clients in diverse
ways.
We understand that making durable, substantial, and unique
improvements in the overall performance and establishing oneself
comes with great backstories for firms. Hence, MarkNtel Advisors
aims to put together values that reflect adherence to professional
standards.
Our core values revolve around putting the interests & requirements
of our clients ahead of our organization & delivering exceptional
services while maintaining utmost professionalism. We believe in
preserving the confidence of our users & maintaining an independent
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Our team entails professional analysts and researchers who intelligently
utilize research techniques to procure detail-driven, unbiased, and
reliable data encompassing the industry. We aim to nurture a result-
oriented team to offer strategically-moving insights to our clients.
Our fact-based reports allow the user to design their motives, funds, and
strategies, with a higher focus on mitigating confusion and bringing
forward a clear insight into the industry. It further allows the clients to
identify the lucrative opportunities awaiting.
Insights offered by MarkNtel Advisors comprise in-depth information on
regional & country-based trends emerging in the industry. The team
studies & compiles the prospects, ensuring consistency in reports.
Our services are beyond offering research reports to the clients and
further expand into addressing queries while incorporating with them for
advice, development, & execution of strategies for exception growth.
Our Vision Our Mission
4. Market Insights
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.
5. Market
Driver
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.
6. Market Segments
• By Component (Software, Service), By Technology (Generative
Adversarial Networks (GANs), Transformers, Variational
Autoencoder (VAE), Diffusion Networks, Retrieval Augmented
Generation), By Application (Computer Vision, NLP, Robotics &
Automation, Content Generation, Others (Chatbots & Intelligent
Virtual Assistants, Predictive Analysis, etc.)), By Model (Large
Language Models, Image & Video Generative Models, Multi-
model Generative Models, Others (Text-to-Text Generative
Models, Audio Generative Models, etc.)), By End User (Media &
Entertainment, BFSI, Healthcare, IT & Telecom, Others
(Automotive & Transportation, Gaming, etc.)), and Others
7. Top Companies
• IBM Corporation, Google LLC, Amazon Web Services, Adobe,
Microsoft Corporation, Rephrase.ai, Meta, Genie AI Ltd.,
MOSTLY AI Inc., NVIDIA, Insilico Medicine, Open AI, Synthesia,
Giphy, Lumen 5, and Others
8. MarkNtel Advisors Target
Geographies- Focus
Areas
MarkNtel has strategically defined its target areas which are based on
evaluation by its analysts after analysing the growth potential of various
regions. Few of those parameters include:
-Political, Economic, Social, Technological and Environmental Analysis
-Credit Ratings provided by leading institutions
-GDP projections by bodies such as the World Bank, IMF, OECD, etc.
-Market Disruptions and the “Next Big Things”
9. Our 360°Approach: Combining
Various Techniques to Deliver
Holistic Solutions
• Desktop research
• Syndicated research &
reports
• Proprietary databases
• Industry associations
& trade data
• In-depth stakeholder
interviews
• Consumer surveys
• Mystery surveys
• Expert interviews
• Internal CRM/sales
data
• Social media data
• Data modelling for
forecasting and market
sizing
Secondary Research Primary Research Data Insights
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