Generative AI Market Outlook and Forecasts 2023 – 2030
Overview:
This report assesses the anticipated impact of generative AI market in various areas including ChatGPT in embedded consumer devices, IoT systems, software and general-purpose platforms. The report discusses the inherent relation of generative AI with AGI, ASI, and strong AI, the impact of enabling technology like 5G, Industry 4.0, MEC, self-driven network, and others, the potential implication and use cases in different industry verticals.
Select Report Findings:
Generative AI market will reach $120.3B by 2030
North America will lead Generative AI market globally
API-enabled solutions will be fasted growing at 47% CAGR
Healthcare will be the leading industry vertical for generative AI
Generative AI is a type of artificial intelligence that is capable of generating new and original data or content, such as images, music, or text. Unlike other types of AI, which are designed to recognize and classify existing data, generative AI uses algorithms to create new data that did not previously exist. This is done by analyzing patterns and relationships within the data and generating new content based on those patterns.
The technology is advancing rapidly, with new models and architectures being developed to improve the quality and diversity of generated content. The technology like GANs, transformers, and VAEs, which allowed for more realistic and complex generative models. However, challenges still existed in areas such as data privacy and bias, which needed to be addressed to ensure ethical and fair use of the technology.
The market is driven by the increasing need for automation and the growing adoption of generative AI in various industries. Additionally, the rise of deep learning algorithms and the availability of large datasets have also fueled market growth.
Companies in Report:
Adept AI Labs
Adobe Inc.
Advanced Micro Devices Inc.
AIBrian Inc.
Alphabet Inc.
Altair Engineering Inc.
Amazon Inc.
Anthropic
Apple Inc.
Archistar Pty Ltd
ARM Limited
Baidu Inc.
Buddy
Circle Labs
Cisco Systems
CloudMinds
CoLane (Fraight AI)
CommonSim-1 (csm.ai)
CoPilot
Cresta
Deepdub.ai
Descript
D-ID (De-Identification Ltd.)
Digital Reasoning Systems Inc.
EmailTriager
Fiddler AI
General Electric
General Vision Inc.
Genie AI Ltd.
Glean Technologies Inc.
Grain
Graphcore
H2O.ai
Hebbia AI
Hewlett Packard Enterprise
Huawei Technologies Co. Ltd.
HubSpot (Motion AI)
Hugging Face
IBM Corporation (SXiQ)
Inbenta Technologies Inc.
Intel Corporation
iRobot Corporation
Jasper AI
LG Electronics
Lockheed Martin
Meta Platform
Microchip Technology (Atmel Corporation)
Microsoft Corporation
MOSTLY AI
Nuance Communications Inc.
Oracle Corporation
OthersideAI (HyperWrite)
Otter.ai
Qualcomm Incorporated
RelationalAI
Rephrase.ai
Rockwell Automation Inc.
Samsung Electronics Co Ltd.
Sanas.ai
Scribe
Sentient.io
SK Telecom
Snowflake Inc (Streamlit)
SoftBank Robotics Holding Corp.
SparkCognition Inc.
Stability AI
Synthesia Limited
Thales Group (Gemalto N.V.)
Tonic.ai
Ultraleap (Leap Motion)
Weights & Biases
Wind River Systems Inc.