Press Release Description
With an Anticipated CAGR of 31.2%, A USD 28.9 Billion Global Generative AI Market to Reach USD 142.7 Billion Mark by 2030
The Global Generative AI Market size is valued at around USD 28.9 billion in 2024 and is estimated to reach around USD 142.7 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 31.2% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. Several factors including the advancements in machine learning algorithms, the availability of vast datasets, and rising processing power are augmenting the size & volume of the generative AI industry. Additionally, the market is also expanding because of the growing demand for tailored content and automated solutions from several industries, such as marketing, healthcare, finance, entertainment, etc.
Moreover, the healthcare sector is showing bright prospects for the Gen AI industry as this modern technology has the potential to revolutionize medical research and practice, thus in global healthcare, generative AI has great scope for further growth & expansion. By modeling intricate chemical interactions and producing viable drug formulations, generative AI can expedite drug discovery and drastically cut down on the time and expense required to bring novel medications to market.
Furthermore, the integration of properties of generative AI with advanced technologies such as the Internet of Things (IoT), blockchain, and virtual reality (VR) is changing the market landscape and preparing a fertile surface for future growth & expansion in different sectors. For example, generative AI is being used together with IoT devices in the healthcare industry to evaluate patient facts in real-time and create customized solutions. Additionally, to produce immersive & interactive experiences in the gaming and entertainment sectors, VR and AI-generated content is being used efficiently.
Despite a lot of positives for market growth & development, there are some factors responsible for the decline in the size & volume of the industry. The ethical & legal problems related to data usage and intellectual property are some of them that are hindering the smooth progression of the Gen AI market. The utilization of extensive datasets, sometimes obtained from the internet, presents a basic concern as it gives rise to a lot of queries about copyright infringement and the moral ramifications of using copyrighted materials without authorization. Additionally, the lack of a well-defined legal & administrative structure gives birth to a lot of problems in the application of generative AI tools, further states the research report, “Global Generative AI Market Analysis, 2025.”
Global Generative AI Market Segmentation Analysis
Media & Entertainment Sector Holds the Largest Market Share
Based on the end user, the Global Generative AI Market is further bifurcated into Media & Entertainment, BFSI, Healthcare, IT & Telecom, and Others. Among these, the Media & Entertainment sector has held a significant market share in the last few years and is anticipated to be in a similar trend with the highest revenue growth during the forecast period. Precise & attractive advertisement companies are a core requirement for the success of the media & entertainment industry and the generative Al tools are very helpful in making these advertisement campaigns user-friendly. Therefore, the higher applicability of Gen AI tools & techniques in this sector is making the media & entertainment industry the most preferred end user, ultimately augmenting the segmental revenue growth.
North America Leads the Market but Asia-Pacific Showing Bright Prospects
Based on the market share and rate of growth, North America leads the industry and is anticipated to be in a dominant position in the coming years as well. The presence of leading market players such as Google LLC, Meta, Nvidia, OpenAI, Microsoft, and other developed organizations is developing a positive environment for market growth & expansion in the region. Moreover, the North American Generative AI Market is experiencing rapid revenue growth due to the higher demand for Gen AI tools from the media and entertainment industry, and the increasing application of these tools in healthcare, and various other key sectors.
According to market research, the fastest revenue growth is anticipated in the Asia-Pacific Generative AI Market in the coming years because the high population and large consumer base are creating demand for the best generative AI tools. Moreover, the region is home to some of the world’s fastest-growing economies and has witnessed significant advancements in AI technologies, including Generative AI, thus promising rapid growth & development of the Gen AI industry in the region.
Competitive Landscape
With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including 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 are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across various regions?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
Place an order
USD 3,700
USD 2,960
USD 4,850
USD 3,880
USD 6,000
USD 4,800
USD 7,500
USD 5,250
100% Safe & Secure
Strongest encryption on the website to make your purchase safe and secure