Generative AI Market Size to Worth US$ 208.8 Billion by 2032

Jun 1, 2024 · The machine learning market, worth USD 37.4 billion in 2023, is forecasted to hit USD 765.3 Billion by 2032, this spells big opportunities for the generative AI industry Generative AI is a powerful new technology that creates new content rather than analyzing existing data.

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Generative AI Market Size Worth $200.73 Billion By 2032 - Polaris

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The global generative AI market size is expected to reach USD 200.73 billion by 2032, …

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What is the global generative AI market size?

The Global Generative AI Market Size accounted for USD 10.5 Billion in 2022 and is projected to occupy a market size of USD 208.8 Billion by 2032 growing at a CAGR of 35.1% from 2023 to 2032. Generative AI Market Report Statistics Generative AI is a powerful new technology that can create new content rather than analyze existing data. ...

What is the global AI market size in 2023?

North America dominated the global market with a share of 49.78% in 2023. The Generative AI Market in the U.S. is projected to grow significantly, reaching an estimated value of USD 220.27 billion by 2032, driven by Growing Necessity to Create a Virtual World in the Metaverse. ...

What is the growth rate of Gen AI market?

The global Generative Artificial Intelligence (Gen AI) Market is expected to expand at a compound annual growth rate (CAGR) of 35%, reaching an estimated value of $200 billion by 2032. ...

What is the generative AI market forecast?

Generative AI Market By Technology According to the generative AI market forecast, the transformer sub-segment generated maximum revenue from 2023 to 2032 and is likely to gain significant impetus in the coming future. ...

How will generative AI drive incremental revenue in 2032?

The largest drivers of incremental revenue will be generative AI infrastructure as a service ($247 billion by 2032) used for training LLMs, followed by digital ads driven by the technology ($192 billion) and specialized generative AI assistant software ($89 billion). ...

What is the generative AI market forecast 2023 - 2032?

Acumen Research and Consulting recently published report titled “Generative AI Market Forecast, 2023 - 2032”TOKYO, Oct. 08, 2023 (GLOBE NEWSWIRE) -- The Generative AI Market is at the forefront of technological advancements, offering innovative solutions for various industries, from media and entertainment to healthcare and finance. ...