Global Generative AI Market
Global Generative AI Market By Offerings (Hardware, Software, Service), By Application (Natural Language Processing, ML-based Predictive Modeling, Computer Vision, Robotics and Automation, Others), By Vertical (Media & Entertainment, Transporation and Logistics, Manufacturing, IT and ITES, Healthcare & Life Science, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2020 to 2032
The global Generative AI market was valued at $38.43 Billion in 2022 and is anticipated to grow at a CAGR of 38.68% from 2023 to 2033. This growth is attributed to several macro and microeconomic factors such as
Increasing range of applications and use cases across various industries
Wide range of applications and use cases across various industries is a pivotal force fueling the growth of the global generative AI market. This factor underscores the wide-ranging transformative potential of generative AI technology across diverse industries. Generative AI, particularly through models like Generative Adversarial Networks (GANs), has revolutionized content creation and creative industries by automating the generation of art, design, and multimedia content, expediting creative processes and fostering innovation. In the entertainment and media sectors, generative AI enhances virtual experiences, scriptwriting, and special effects, while also reducing production costs. Design and architecture professionals benefit from generative AI's ability to explore design iterations and optimize layouts, leading to more efficient and visually appealing structures. In personalized marketing and e-commerce, generative AI tailors content and recommendations based on individual preferences, fostering higher engagement and conversion rates. Moreover, generative AI's impact extends to healthcare, drug discovery, fashion, retail, language translation, gaming, storytelling, and virtual reality, offering innovative solutions and enhancing user experiences across these domains. As organizations continue to leverage generative AI for advanced applications, the generative AI market is poised for further expansion, driving innovation and addressing complex challenges in diverse industries.
Further several factors restraining the market growth include
Ethical and legal aspects of handling datasets
Data privacy concerns revolve around the ethical and legal aspects of handling vast datasets, often containing sensitive or personal information, which are instrumental in training generative AI models. As data privacy regulations, such as GDPR and CCPA, become more stringent, organizations must navigate complex compliance requirements to safeguard user data. The challenge extends to securing consent for data usage, ensuring effective anonymization techniques to protect user identities, and addressing algorithmic biases to prevent the disclosure of sensitive information. Furthermore, data retention policies, cross-border data transfer restrictions, and the risk of security vulnerabilities pose additional hurdles. Addressing data privacy concerns demands a multifaceted approach, including robust cybersecurity measures, transparent user consent processes, and comprehensive educational efforts to ensure responsible data handling and foster trust among users and regulatory bodies alike.
AR/VR and collaborations and alliances in the Generative AI market are expected to generate higher avenues during the forecast period.
In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Generative AI market. The pandemic has caused a decline in new orders and a corresponding decrease in production.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Generative AI.
In terms of COVID-19 impact, the Generative AI market report also includes the following data points:
Impact on Generative AI market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Generative AI market
Key Insight in the report:
The global Generative AI market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Applications.
Our report covers extensive competitive intelligence which includes the following data points:
Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Generative AI Market Segmentation:
Offerings
Hardware
Software
Service
Application
Natural Language Processing
ML-based Predictive Modeling
Computer Vision
Robotics and Automation
Others
Vertical
Media & Entertainment
Transporation and Logistics
Manufacturing
IT and ITES
Healthcare & Life Science
Others
Region/ Countries Covered:
North America
US
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Australia
India
Japan
South Korea
South East Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East & Africa
Key Players Analyzed in the Report:
IBM CORPORATION
Google LLC
Microsoft Corporation
Adobe
Genie AI
Rephrase.ai
Synthesia
OpenAI
Meta
MOSTLY AI
- CHAPTER 1. Executive Summary
- CHAPTER 2. Scope of the Study
- 2.1. Market Definition
- 2.2. Market Scope & Segmentation
- 2.2.1. Objective of Report
- CHAPTER 3. Evolve BI Methodology
- 3.1. Data Collection & Validation Approach
- 3.2. Market Size Estimation and Forecast
- CHAPTER 4. Market Insights and Trends
- 4.1. Value Chain Analysis
- 4.1.1. Data Collection and Model Development
- 4.1.2. Training and Fine-Tuning
- 4.1.3. Deployment and Integration
- 4.1.4. Monitoring, Maintenance, and Updates
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Bargaining Power of Buyers
- 4.2.2. Bargaining Power of Suppliers
- 4.2.3. Threat of New Entrant
- 4.2.4. Threat of Substitute
- 4.2.5. Industry Rivalry
- 4.3. COVID-19 Impact and Post COVID Scenario on Generative AI Market
- 4.3.1. Impact of COVID-19
- 4.3.2. Government Support and Industry Revival Policies
- 4.3.3. Measures Taken by Companies to Mitigate Negative Impact
- 4.3.4. Post COVID Trend
- CHAPTER 5. Market Dynamics
- 5.1. Introduction
- 5.2. Drivers
- 5.2.1. Increasing usage of artificial intelligence systems
- 5.2.2. Rise in usage of generative AI in the healthcare industry
- 5.3. Restraints
- 5.3.1. Threat of Data Privacy
- 5.4. Opportunity
- 5.4.1. Increase in demand for machine learning
- CHAPTER 6. Global Generative AI Market, By Offerings
- 6.1. Introduction
- 6.1.1. Hardware
- 6.1.2. Software
- 6.1.3. Services
- CHAPTER 7. Global Generative AI Market, By Application
- 7.1. Introduction
- 7.1.1. Natural Language Processing
- 7.1.2. ML-based Predictive Modeling
- 7.1.3. Computer Vision
- 7.1.4. Robotics and Automation
- 7.1.5. Others
- CHAPTER 8. Global Generative AI Market, By Verticals
- 8.1. Introduction
- 8.1.1. Media & Entertainment
- 8.1.2. Transporation and Logistics
- 8.1.3. Manufacturing
- 8.1.4. Healthcare & Life Science
- 8.1.5. IT and ITES
- 8.1.6. Others
- CHAPTER 9. Global Generative AI Market, By Region
- 9.1. Introduction
- 9.2. North America
- 9.2.1. North America: Market Size and Forecast, By Country, 2021 – 2033 ($ Million)
- 9.2.2. North America: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.2.3. North America: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.2.4. North America: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.2.5. US
- 9.2.5.1. US: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.2.5.2. US: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.2.5.3. US: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.2.6. Canada
- 9.2.6.1. Canada: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.2.6.2. Canada: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.2.6.3. Canada: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.2.7. Mexico
- 9.2.7.1. Mexico: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.2.7.2. Mexico: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.2.7.3. Mexico: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.3. Europe
- 9.3.1. Europe: Market Size and Forecast, By Country, 2021 – 2033 ($ Million)
- 9.3.2. Europe: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.3.3. Europe: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.3.4. Europe: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.3.5. U.K.
- 9.3.5.1. UK: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.3.5.2. UK: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.3.5.3. UK: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.3.6. Germany
- 9.3.6.1. Germany: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.3.6.2. Germany: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.3.6.3. Germany: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.3.7. France
- 9.3.7.1. France: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.3.7.2. France: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.3.7.3. France: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.3.8. Italy
- 9.3.8.1. Italy: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.3.8.2. Italy: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.3.8.3. Italy: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.3.9. Spain
- 9.3.9.1. Spain: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.3.9.2. Spain: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.3.9.3. Spain: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.3.10. Rest of Europe
- 9.3.10.1. Rest of Europe: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.3.10.2. Rest of Europe: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.3.10.3. Rest of Europe: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific: Market Size and Forecast, By Country, 2021 – 2033 ($ Million)
- 9.4.2. Asia Pacific: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.3. Asia Pacific: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.4. Asia Pacific: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4.5. China
- 9.4.5.1. China: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.5.2. China: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.5.3. China: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4.6. Japan
- 9.4.6.1. Japan: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.6.2. Japan: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.6.3. Japan: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4.7. Australia
- 9.4.7.1. Australia: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.7.2. Australia: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.7.3. Australia: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4.8. India
- 9.4.8.1. India: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.8.2. India: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.8.3. India: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4.9. South Korea
- 9.4.9.1. South Korea: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.9.2. South Korea: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.9.3. South Korea: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4.10. South East Asia
- 9.4.10.1. South East Asia: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.10.2. South East Asia: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.10.3. South East Asia: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.4.11. Rest of Asia Pacific
- 9.4.11.1. Rest of Asia Pacific: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.4.11.2. Rest of Asia Pacific: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.4.11.3. Rest of Asia Pacific: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.5. Latin America
- 9.5.1. Latin America: Market Size and Forecast, By Country, 2021 – 2033 ($ Million)
- 9.5.2. Latin America: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.5.3. Latin America: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.5.4. Latin America: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.5.5. Brazil
- 9.5.5.1. Brazil: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.5.5.2. Brazil: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.5.5.3. Brazil: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.5.6. Argentina
- 9.5.6.1. Argentina: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.5.6.2. Argentina: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.5.6.3. Argentina: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.5.7. Rest of Latin America
- 9.5.7.1. Rest of Latin America: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.5.7.2. Rest of Latin America: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.5.7.3. Rest of Latin America: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.6. Middle East & Africa
- 9.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2021 – 2033 ($ Million)
- 9.6.1.1. Middle East & Africa: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.6.1.2. Middle East & Africa: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.6.1.3. Middle East & Africa: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.6.2. Saudi Arabia
- 9.6.2.1. Saudi Arabia: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.6.2.2. Saudi Arabia: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.6.2.3. Saudi Arabia: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.6.3. UAE
- 9.6.3.1. UAE: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.6.3.2. UAE: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.6.3.3. UAE: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.6.4. Egypt
- 9.6.4.1. Egypt: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.6.4.2. Egypt: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.6.4.3. Egypt: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.6.5. South Africa
- 9.6.5.1. South Africa: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.6.5.2. South Africa: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.6.5.3. South Africa: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- 9.6.6. Rest of Middle East & Africa
- 9.6.6.1. Rest of Middle East & Africa: Market Size and Forecast, By Offerings, 2021 – 2033 ($ Million)
- 9.6.6.2. Rest of Middle East & Africa: Market Size and Forecast, By Application, 2021 – 2033 ($ Million)
- 9.6.6.3. Rest of Middle East & Africa: Market Size and Forecast, By Verticals, 2021 – 2033 ($ Million)
- CHAPTER 10. Competitive Landscape
- 10.1. Competitior Benchmarking 2023
- 10.2. Market Share Analysis, 2022
- 10.3. Key Developments Analysis By Top 5 Companies
- 10.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
- CHAPTER 11. Company Profiles
- 11.1. IBM CORPORATION
- 11.1.1. Business Overview
- 11.1.2. Financial Analysis
- 11.1.2.1. Business Segment Revenue, 2022, $ Million
- 11.1.2.2. Geographic Revenue Mix, 2022 (% Share)
- 11.1.3. Product Portfolio
- 11.1.4. Recent Development and Strategies Adopted
- 11.1.5. SWOT Analysis
- 11.2. Google LLC
- 11.2.1. Business Overview
- 11.2.2. Financial Analysis
- 11.2.2.1. Business Segment Revenue, 2022, $ Million
- 11.2.2.2. Geographic Revenue Mix, 2022 (% Share)
- 11.2.3. Product Portfolio
- 11.2.4. Recent Development and Strategies Adopted
- 11.2.5. SWOT Analysis
- 11.3. Microsoft Corporation
- 11.3.1. Business Overview
- 11.3.2. Financial Analysis
- 11.3.2.1. Business Segment Revenue, 2022, $ Million
- 11.3.2.2. Geographic Revenue Mix, 2022 (% Share)
- 11.3.3. Product Portfolio
- 11.3.4. Recent Development and Strategies Adopted
- 11.3.5. SWOT Analysis
- 11.4. Adobe
- 11.4.1. Business Overview
- 11.4.2. Financial Analysis
- 11.4.2.1. Business Segment Revenue, 2022, $ Million
- 11.4.2.2. Geographic Revenue Mix, 2022 (% Share)
- 11.4.3. Product Portfolio
- 11.4.4. Recent Development and Strategies Adopted
- 11.4.5. SWOT Analysis
- 11.5. Genie AI
- 11.5.1. Business Overview
- 11.5.2. Product Portfolio
- 11.6. Rephrase. ai
- 11.6.1. Business Overview
- 11.6.2. Product Portfolio
- 11.7. Synthesia
- 11.7.1. Business Overview
- 11.7.2. Product Portfolio
- 11.8. OpenAI
- 11.8.1. Business Overview
- 11.8.2. Product Portfolio
- 11.8.3. Recent Development and Strategies Adopted
- 11.9. Meta
- 11.9.1. Business Overview
- 11.9.2. Financial Analysis
- 11.9.2.1. Business Segment Revenue, 2022, $ Million
- 11.9.2.2. Geographic Revenue Mix, 2022 (% Share)
- 11.9.3. Product Portfolio
- 11.9.4. SWOT Analysis
- 11.10. MOSTLY AI
- 11.10.1. Business Overview
- 11.10.2. Product Portfolio
- 11.10.3. Recent Development and Strategies Adopted
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook