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Writer's pictureirene garcia
Feb 54 min read

Dynamic 29.6% CAGR Charts Generative AI Market's Future in 2024-30

Market Overview: Global Generative AI Market

According to MarkNtel Advisors, the Global Generative AI Market By Component (Software, Service), By Technology (Generative Adversarial Networks (GANs), Transformers, Variational Autoencoder (VAE), Diffusion Networks, Retrieval Augmented Generation), By Application (Computer Vision, NLP, Robotics & Automation, Content Generation, Others (Chatbots & Intelligent Virtual Assistants, Predictive Analysis, etc.)), By Model (Large Language Models, Image & Video Generative Models, Multi-model Generative Models, Others (Text-to-Text Generative Models, Audio Generative Models, etc.)), By End User (Media & Entertainment, BFSI, Healthcare, IT & Telecom, Others (Automotive & Transportation, Gaming, etc.) and Region (2024-30). The comprehensive market analysis contains various aspects, including market size, regional market share, historical market trends, and future forecasts from 2024-30. The study outlines the prevailing drivers, restraints, unmet needs, and emerging trends within the market.


Global Generative AI Market Insights: 2024-30

The Global Generative AI Market size was valued at around USD 12 million in 2022 and is estimated to grow at a CAGR of about 29.6% during the forecast period, i.e., 2024-30.




Industry Opportunity:

Rapid Expansion of Large Language Models (LLMs) to Create Opportunistic Arena for the Progression – Innovation in large language models & other generative language modeling tools are streamlining content establishment. LLMs are deep-learning algorithms that can perform a wide range of tasks in natural language processing & tremendously huge data sets to summarize, generate, understand, and estimate new content. They strengthen many systems such as Google’s LaMDA, OpenAI’s GPT-3 & GPT-4 (text), Meta's LLaMA (chat & code) and help to inspire Open AI’S DALL-E and Mid journey (text-t-image). LLMs have increased over the years with an average of 10x in size and sophistication, which is a profitable opportunity for the LLMs & Generative AI Market.


Global Generative AI Market Segmentation:

The study conducts an in-depth analysis of existing designs and other fundamental features, estimating market size with a focus on value share, price, and production. The report also provides insights into application overviews based on consumption patterns. Leveraging Porter's five forces analysis, the report offers predictive insights into how the industry is poised to evolve. The prominent segments in the market are,

-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

-By Region

  • North America

  • South America

  • Europe

  • The Middle East & Africa

  • Asia-Pacific



Global Generative AI Market Landscape for Competitors

A thorough examination of competitors is conducted, delving into market share, noteworthy developments, and crucial business strategies. Also, the research examines current breakthroughs, significant advancements, and pertinent details about start-ups in the industry. The report provides a rich repository of information on market entry strategies, the regulatory landscape, and reimbursement scenarios. The key players in the Generative AI Market are


  • 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



Frequently Asked Questions Generative AI Market

  1. What is the expected market share, CAGR, and Market valuation in USD for the forecast period, 2024-30?

  2. How do supply and consumption factors contribute to the Generative AI Market landscape?

  3. How do import and export considerations impact the Generative AI Industry?

  4. What obstacles do businesses encounter in the Generative AI Market, and how can they leverage opportunities within it?

  5. What regulatory factors play a role in shaping the Generative AI Market?

  6. In what ways has technology impacted the overall landscape of the Generative AI Market?


More Reports:


About Us 

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others. 

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, for 15 diverse industrial verticals. 


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Company Name: MarkNtel Advisors 

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