Market Overview: Global Generative AI Market:
According to the latest report from MarkNtel Advisors, the Global Generative AI Market is projected to grow at a CAGR of approximately 29.6% from 2024-30. MarkNtel Advisors, renowned for evaluating business performance, product portfolios, operational segments, and industry developments, provides stakeholders with accurate market projections and estimates. This commitment to precise insights ensures stakeholders can make informed decisions and remain competitive in the rapidly evolving business environment.
Global Generative AI Market Possible Restraint:
Risks Associated with Data Security & Misuse of Generative AI to Hamper Industry Expansion
One of the major risks associated with technology is the breaching of sensitive information, which may lead to various problems in terms of both reputational & expenses. These risks are considered as the potential restraint for the market around the globe. Data security concerns and unresolved generative AI projects are impeding Generative AI market growth. As global data privacy requirements tighten, data security becomes more important in generative AI technology.
Nowadays, these technologies are used in a variety of industries where they interact with and generate massive amounts of critical data. The production and use of an excessive number of datasets for training generative AI models makes them a tempting target for cyber attackers. Hence, these concerns about generative AI would stifle market expansion.
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Insights into Dominant Segments in the Generative AI Market
The comprehensive analysis of the Generative AI Market identifies profitable opportunities across various segments, categorized. This detailed segmentation allows potential investors to make informed decisions and optimize returns.
-By Component
- Software- Market Size & Forecast 2019-2030F, USD Million
- Service- Market Size & Forecast 2019-2030F, USD Million
-By Technology
- Generative Adversarial Networks (GANs)- Market Size & Forecast 2019-2030F, USD Million
- Transformers- Market Size & Forecast 2019-2030F, USD Million
- Variational Autoencoder (VAE)- Market Size & Forecast 2019-2030F, USD Million
- Diffusion Networks- Market Size & Forecast 2019-2030F, USD Million
- Retrieval Augmented Generation- Market Size & Forecast 2019-2030F, USD Million
-By Application- Market Size & Forecast 2019-2030F, USD Million
- Computer Vision- Market Size & Forecast 2019-2030F, USD Million
- NLP- Market Size & Forecast 2019-2030F, USD Million
- Robotics & Automation- Market Size & Forecast 2019-2030F, USD Million
- Content Generation- Market Size & Forecast 2019-2030F, USD Million
- Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)- Market Size & Forecast 2019-2030F, USD Million
-By Model
- Large Language Models- Market Size & Forecast 2019-2030F, USD Million
- Image & Video Generative Models- Market Size & Forecast 2019-2030F, USD Million
- Multi-model Generative Models- Market Size & Forecast 2019-2030F, USD Million
- Others (Text-to-Text Generative Models, Audio Generative Models, etc.)- Market Size & Forecast 2019-2030F, USD Million
-By End User
- Media & Entertainment- Market Size & Forecast 2019-2030F, USD Million
- BFSI- Market Size & Forecast 2019-2030F, USD Million
- Healthcare- Market Size & Forecast 2019-2030F, USD Million
- IT & Telecom- Market Size & Forecast 2019-2030F, USD Million
- Others (Automotive & Transportation, Gaming, etc.)- Market Size & Forecast 2019-2030F, USD Million
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Generative AI Market Geographical Reach:
The report also examines the market’s geographical landscape, analysing geographical that dominate in terms of size or volume or show promising future growth.
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Prominent Generative AI Market Competitive Landscape: and Their Strategic Outlook
The report identifies key players and provides an in-depth analysis of their business strategies, trends, innovations, and manufacturing infrastructure. This strategic analysis helps forecast the market presence of these players over the next five years.
- IBM Corporation
- Google LLC
- Amazon Web Services
- Adobe
- Microsoft Corporation
- ai
- Meta
- Genie AI Ltd.
- MOSTLY AI Inc.
- NVIDIA
- Insilico Medicine
- Open AI
- Synthesia
- Giphy
- Lumen 5
- Others
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Key Questions Addressed in the Report
- Current Market Size and Share: What is the current size and share of the Generative AI Market, and what growth trends are anticipated shortly?
- Product/Service Demand: How does the demand for specific products/services in the Generative AI Market look, and what factors contribute to its growth or decline?
- Market Forecast: What is the forecast for the Generative AI Market in terms of size, growth, and emerging trends over the next few years?
- Market Evolution: How has the Generative AI Market evolved recently, and what are the latest developments that industry professionals should be aware of?
- Demand Factors: What key factors contribute to the demand for the Generative AI Market, as outlined in the most recent research report?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others.
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