Generative AI Market Outlook and Forecasts 2023 – 2030

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.