The global market size in the 'Generative AI' segment of the artificial intelligence market was forecast to continuously increase between 2024 and 2030 by in total 320 billion U.S. dollars (+887.41 percent). After the tenth consecutive increasing year, the market size is estimated to reach 356.05 billion U.S. dollars and therefore a new peak in 2030. Notably, the market size of the 'Generative AI' segment of the artificial intelligence market was continuously increasing over the past years.Find further information concerning the market size change in the 'AI Robotics' segment of the artificial intelligence market in the world and the market size in the 'Natural Language Processing' segment of the artificial intelligence market in the world. The Statista Market Insights cover a broad range of additional markets.

The global generative AI market size reached USD 14.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 63.1 Billion by 2033, exhibiting a growth rate (CAGR) of 17.49% during 2025-2033. The increasing amount of generated data, the development of advanced machine learning techniques, expanding information technology (IT) sector and the rising product adoption across a wide range of industries are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global generative AI market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on offering type, technology, and application.

Generative AI Market Share size and share are expected to exceed USD 283.37 billion by 2034, with a compound annual growth rate (CAGR) of 34.6% during the forecast period.

Get detailed insights into the current valuation of Generative Artificial Intelligence (AI) market size, including growth analysis, current market status and future market projections.

Generative AI Market will reach $233,611.6 Million by 2033 from $13,646.7 Million in 2023, growing at a CAGR of 32.85% in the forecasted period of 2023-2033

[206+ Pages Report] Global generative AI market size is expected to grow from $21.56 Bn in 2023 to $517.67 Bn by 2032, at a CAGR of 37.40% from 2024-2032

Generative AI Market size is valued at around USD 28.9 billion in 2024 and is estimated to reach around USD 142.7 billion by 2030. Along with a CAGR of 31.2%.

The market size of the Generative AI Technology Market is categorized based on Type (Text Generation, Image Generation, Code Generation, Audio Generation, Others) and Application (Entertainment, Education, Automobile, Medical, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

The U.S. Generative AI Market size was valued at USD 5.26 billion in 2023 and is projected to reach USD 45.97 billion by 2032, exhibiting a CAGR of 36.3 % during the forecasts period. The popular usage of the generative AI in the U. S. is in the sphere of AI technologies that build new content, e. g. , the text, images, music, or videos. Generative AI uses the machine learning algorithms such as GANs and transformers to generate genuine and unique content. Some of some applications are in content and art, creation of environment, customization and individualized marketing or advertising, and drugs discovery. It has major has been applied in entertainment, advertisement, health sector and even in the financial niche. Other primary trends include; Generative AI with AR and/or VR for enhanced experience, Investing in research and new startups, AI-created content for media and advertisement modernization. In the US; the generative AI market will remain a force to reckon with in boosting creativity and innovation in different industries, as the AI technology enhances. Recent developments include: In January 2024, Oracle introduced the Oracle Cloud Infrastructure Generative AI service, featuring innovations designed to simplify enterprises' utilization of cutting-edge generative AI technologies. This offering aims to facilitate easier access for businesses to leverage the latest advancements in generative AI, enhance their capabilities, and drive innovation within their operations. , In November 2023, U.S. News launched a generative AI search across USNews.com. Generative AI search feature is developed to empower consumers to make quick and more informed decisions. , In November 2023, Accenture started a network of generative AI studios across North America, offering companies opportunities to innovate and refine their business strategies through the responsible integration of generative AI applications. The studios aim to facilitate connections between clients and Accenture's leading data and AI professionals. These experts will assist in harnessing Accenture's extensive network of ventures, ecosystem partnerships, and strategic investments within the Center for Advanced AI. .

The market size change in the 'Generative AI' segment of the artificial intelligence market in the United States was forecast to continuously decrease between 2024 and 2030 by in total 49.7 percentage points. After the sixth consecutive decreasing year, the market size change is estimated to reach 26.3 percent and therefore a new minimum in 2030. Notably, the market size change of the 'Generative AI' segment of the artificial intelligence market was continuously increasing over the past years.Find more key insights for the market size change in countries and regions like the market size change in the 'Natural Language Processing' segment of the artificial intelligence market in the United States and the number of AI tools users in the 'AI Tool Users' segment of the artificial intelligence market in Nordics. The Statista Market Insights cover a broad range of additional markets.

Generative AI in healthcare market is estimated to be USD 3.3 billion in 2025 and is projected to reach USD 39.8 billion by 2035, representing a CAGR of 28%.

Generative ai in media and entertainment market is likely to attain a valuation of USD 11,570.0 million by 2032, develop at a CAGR of 26.3%

Explore the Enterprise Generative AI Market trends! Covers key players, growth rate 39.9% CAGR, market size $17.93 Billion, and forecasts to 2033. Get insights now!

The Asia Pacific Generative AI Market size was valued at USD 5.56 billion in 2023 and is projected to reach USD 51.66 billion by 2032, exhibiting a CAGR of 37.5 % during the forecasts period. The Asia Pacific generative AI market continues to grow at a very fast pace because of the macro breakthrough developments in artificial intelligence which focuses on generating new content such as images, text, music among others. Other types of AI are Generative AI which uses machine learning techniques like GAN and transformer models to create realistic and artistic outputs. Some of the uses are creating contents, developing drugs, designing as well as prototyping, and marketing based on an individual’s preferences. It is applied across sectors with significant calls in the entertainment, health, financial, and manufacturing industries. Some of the tendencies in the field are the combinations with augmented and virtual reality, growth of R&D funding, and AI tool usage in arts and media. With the advancement of tecnology, the generative AI market and its associated technologies in the Asia pacific region provides significant oppurtunities for innovation and growth of the economy. Recent developments include: In August 2023, Google Cloud announced a partnership with AI21 Labs, an Israel-based company for NLP that develops AI systems. AI21 Labs uses AI/ML infrastructure by Google Cloud to accelerate its model training and inference. It is one of the first partners to offer generative AI capabilities on top of BigQuery , In October 2023, Baidu launched ERNIE 4.0, a next-gen model with powerful AI capabilities. ERNIE Bot can understand complex requests and generate text, images, and videos in minutes with a simple prompt and image input , In May 2023, Tata Consultancy Services (TCS) announced an extended partnership with Google Cloud. As a part of this partnership, TCS introduced a new product called TCS Generative AI. Using Google Cloud's generative AI capabilities, TCS Generative AI develops and deploys custom business solutions designed to accelerate growth and transformation .

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Generative Artificial Intelligence Market Size 2025-2029

The generative AI market size is forecast to increase by USD 185.82 billion at a CAGR of 59.4% between 2024 and 2029.

This growth is propelled by soaring demand for AI-generated content, driven by large language models (LLMs) and neural networks that craft human-like text and images. Yet, challenges like insufficient quality data, limited training datasets, and algorithm efficiency hinder expansion, even as businesses leverage gen AI for automated content creation, natural language processing, and enhanced digital interfaces.

Applications span personalized marketing content using artificial intelligence, code generation for software, and synthetic media, boosting productivity gains and customer satisfaction in IT support, virtual reality, and chatbot systems. Despite these advances, ensuring data accuracy, model scalability, and computational power is vital to maximize potential. The generative AI market thrives on cutting-edge language models, deep learning, and content synthesis, but overcoming hurdles in data reliability and processing speed is key to sustaining its momentum.

What will be the Size of the Generative AI Market During the Forecast Period?

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The generative AI market is experiencing significant growth, driven by the increasing adoption of AI-driven solutions across various industries. Natural language processing and computer vision are two primary applications of generative AI, with advancements in technologies such as generative adversarial networks, neural networks, deep learning, probabilistic modeling, iterative training techniques, recurrent neural networks, and convolutional neural networks propelling innovation. Generative AI is revolutionizing sectors like entertainment, healthcare, and artificial intelligence applications, offering new possibilities for creating lifelike simulations, videos, and virtual worlds. Standard AI systems are being replaced with advanced algorithms that can generate human-like text, patterns, and even metaverse experiences. IT professionals are in high demand as businesses seek to leverage these technologies to stay competitive. The market is expected to continue expanding, with continued investment in research and development.

Synthetic data generation and AI content creation are revolutionizing industries by enabling the creation of high-quality, scalable content for various applications. Generative adversarial networks (GANs) are at the core of deepfake technology and image enhancement, allowing for hyper-realistic image and video synthesis. AI-driven creative tools, including text-to-image models and AI art generation, enable artists and designers to leverage machine learning for innovative visuals and designs. Similarly, AI music composition, voice synthesis, and speech-to-text AI provide new avenues for content production and voice-based interfaces. Predictive modeling and data augmentation play a vital role in refining machine learning algorithms and improving model accuracy. AI-powered design tools such as generative design and procedural content creation are transforming architecture, fashion, and product development. The rise of virtual avatars and personalized AI enhances user experiences, while contextual AI and cognitive automation support seamless integration with real-time rendering and 3D model generation. Ethical AI frameworks ensure that these technologies are developed responsibly, while semantic understanding and visual storytelling further expand their creative potential.

How is this Generative Artificial Intelligence (AI) Industry segmented and which is the largest segment?

The generative artificial intelligence (AI) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Software
  Services


Technology

  Transformers
  Generative adversarial networks (GANs)
  Variational autoencoder (VAE)
  Diffusion networks


Application

  Computer Vision
  NLP
  Robotics & Automation
  Content Generation
  Chatbots & Intelligent Virtual Assistants
  Predictive Analytics
  Others


End-Use

  Media & Entertainment
  BFSI
  IT & Telecommunication
  Healthcare
  Automotive & Transportation
  Gaming
  Others


Model

  Large Language Models
  Image & Video Generative Models
  Multi-modal Generative Models
  Others


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan


  Europe

    Germany
    UK
    France
    Italy


  South America



  Middle East and Africa

By Component Insights

The software segment is estimated to witness significant growth during the forecast period.

Generative Artificial Int

The global generative AI in healthcare market is poised to grow from USD 2.33 billion in 2024 to USD 84.38 billion by 2037, reflecting a CAGR of more than 31.8% during the forecast period, from 2025 to 2037. Key industry players include Oracle Corporation, NVIDIA Corporation, Google LLC, Epic Systems Corporation, among others.

Vietnam generative AI market size is projected to exhibit a growth rate (CAGR) of 24.60% during 2024-2032. Continuous advancements in the information technology (IT) sector, along with the rising of generated data, are primarily driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on offering type, technology type, and application.

Global Generative AI Market size was valued at USD 12.9 Billion in 2022 and is poised to grow from USD 17.1 Billion in 2023 to USD 165.49 Billion by 2031, at a CAGR of 32.8% during the forecast period (2024-2031).

The global generative AI in logistics market size was worth over USD 1.51 billion in 2024 and is anticipated to see a CAGR exceeding 33.5%, reaching over USD 64.6 billion by 2037. North America industry is estimated to dominate majority revenue share of 44.9% by 2037, due to increasing adoption of modern automation solutions for various industry operations and the growing use of technology in every sector.

Access the summary of the Generative Artificial Intelligence (AI) in Healthcare market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.