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Generative AI Market Size to Grow USD 126.5 Billion by 2031 at a CAGR of 32% | Valuates Reports

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Thursday, June 8, 2023
Telecom, Component, Advertising, Music, Rnn (software), Variational autoencoder, VAE, Marketing, Media, Software, Transport, USD, Generative adversarial network, Computer, National Diffusion Network, Algorithm, Generative, Growth, AI, BFSI, Customer service, Copper, Medical device, Health care, Synthetic media, Transformer

The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.

Key Points: 
  • The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.
  • Major Factors Driving the Growth of the Generative AI Market:
    Certain tasks that would otherwise require human intervention can be automated and streamlined using generative AI.
  • Generative AI increases efficiency and helps organizations save time and money by automating these procedures.
  • This factor is expected to drive the growth of the Generative AI market.

Generative AI Market Size to Grow USD 126.5 Billion by 2031 at a CAGR of 32% | Valuates Reports

Retrieved on: 
Thursday, June 8, 2023
Telecom, Component, Advertising, Music, Rnn (software), Variational autoencoder, VAE, Marketing, Media, Software, Transport, USD, Generative adversarial network, Computer, National Diffusion Network, Algorithm, Generative, Growth, AI, BFSI, Customer service, Copper, Medical device, Health care, Synthetic media, Transformer

The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.

Key Points: 
  • The global Generative AI Market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.
  • Major Factors Driving the Growth of the Generative AI Market:
    Certain tasks that would otherwise require human intervention can be automated and streamlined using generative AI.
  • Generative AI increases efficiency and helps organizations save time and money by automating these procedures.
  • This factor is expected to drive the growth of the Generative AI market.

Generative AI Market to Reach $126.5 Billion, Globally, by 2031 at 32% CAGR: Allied Market Research

Retrieved on: 
Friday, March 10, 2023
Variational autoencoder, Hoxhaism, Workforce, Software, Media, Growth, IDEA, PDF, Identity theft, BFSI, Transport, COVID-19, Machine learning, Table, Telecom, VAE, Generative adversarial network, AI, News, Communist party, Component, National Diffusion Network, Ecosystem, Deep learning, Environment, Medical device, Video game, Health care, Chinese, Transformer

PORTLAND, Ore., March 10, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Generative AI Market by Component (Software, Services), by Technology (Generative Adversarial Networks (GANs), Transformer, Variational Autoencoder (VAE), Diffusion Networks), by End User (Media and Entertainment, BFSI, IT and Telecom, Healthcare, Automotive and Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031"According to the report, the global generative AI industry was valued at $8.15 billion in 2021 and is estimated to generate $126.5 billion by 2031, witnessing a CAGR of 32% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Key Points: 
  • However, generative AI has security issues as some models can be used fraudulently, leading to increased identity theft and high implementation cost.
  • The outbreak of the COVID-19 pandemic had a positive impact on the generative AI market.
  • This is owing to the surge in the use of generative AI to create realistic virtual & augmented reality experiences.
  • Also, many new companies in the region are being formed to develop & commercialize AI technology, including generative AI.

Generative AI Market to Reach $126.5 Billion, Globally, by 2031 at 32% CAGR: Allied Market Research

Retrieved on: 
Friday, March 10, 2023
Variational autoencoder, Hoxhaism, Workforce, Software, Media, Growth, IDEA, PDF, Identity theft, BFSI, Transport, COVID-19, Machine learning, Table, Telecom, VAE, Generative adversarial network, AI, News, Communist party, Component, National Diffusion Network, Ecosystem, Deep learning, Environment, Medical device, Video game, Health care, Chinese, Transformer

PORTLAND, Ore., March 10, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Generative AI Market by Component (Software, Services), by Technology (Generative Adversarial Networks (GANs), Transformer, Variational Autoencoder (VAE), Diffusion Networks), by End User (Media and Entertainment, BFSI, IT and Telecom, Healthcare, Automotive and Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031"According to the report, the global generative AI industry was valued at $8.15 billion in 2021 and is estimated to generate $126.5 billion by 2031, witnessing a CAGR of 32% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Key Points: 
  • However, generative AI has security issues as some models can be used fraudulently, leading to increased identity theft and high implementation cost.
  • The outbreak of the COVID-19 pandemic had a positive impact on the generative AI market.
  • This is owing to the surge in the use of generative AI to create realistic virtual & augmented reality experiences.
  • Also, many new companies in the region are being formed to develop & commercialize AI technology, including generative AI.