Global Generative AI Research Report 2024-2029: Focus on Ethical AI, Integration with Robotics and Automation, Democratization of AI Tools and Platforms - ResearchAndMarkets.com
The global generative AI market value stood at US$14.56 billion in 2023 and is expected to reach US$94.80 billion by 2029.
- The global generative AI market value stood at US$14.56 billion in 2023 and is expected to reach US$94.80 billion by 2029.
- The continuous growth of the global generative AI market can be attributed to several key factors.
- Firstly, the proliferation of virtual and augmented reality (VR/AR) technologies has propelled the demand for generative AI.
- By Component: The report provides bifurcation of the global generative AI market into two segments namely, Software and Services.