The market size in the 'Generative AI' segment of the artificial intelligence market worldwide was modeled to be ************* U.S. dollars in 2024. Following a continuous upward trend, the market size has risen by ************* U.S. dollars since 2020. Between 2024 and 2031, the market size will rise by ************* U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Generative AI.

Generative AI Market expected to hit USD 283.37 billion by 2034, showing growth at 34.6% CAGR

The Generative AI Market Report is Segmented by Component (Software, Services), Deployment Mode (Cloud, On-Premise, and More), End-User Industry (BFSI, Healthcare, and More), Application (Content Creation, Code Generation, and More), Model Architecture (GAN, Transformer, and More), Organisation Size (Large Enterprises, Small and Medium Enterprises), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

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Generative Artificial Intelligence (AI) Market Size 2025-2029

The generative artificial intelligence (ai) market size is valued to increase USD 185.82 billion, at a CAGR of 59.4% from 2024 to 2029. Increasing demand for AI-generated content will drive the generative artificial intelligence (ai) market.

Major Market Trends & Insights

North America dominated the market and accounted for a 60% growth during the forecast period.
By Component - Software segment was valued at USD 3.19 billion in 2023
By Technology - Transformers segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 3.00 million
Market Future Opportunities: USD 185820.20 million
CAGR : 59.4%
North America: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving landscape, driven by the increasing demand for AI-generated content and the accelerated deployment of large language models (LLMs). Core technologies, such as deep learning and natural language processing, fuel the development of advanced generative AI applications, including content creation, design, and customer service. Service types, including Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), cater to various industries, with healthcare, finance, and marketing sectors showing significant adoption rates. However, the market faces challenges, including the lack of quality data and ethical concerns surrounding AI-generated content.
Despite these challenges, opportunities abound, particularly in the areas of personalized marketing and creative industries. According to recent reports, the generative AI market is expected to account for over 25% of the total AI market share by 2025. This underscores the significant potential for growth and innovation in this field.

What will be the Size of the Generative Artificial Intelligence (AI) Market during the forecast period?

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How is the Generative Artificial Intelligence (AI) Market Segmented and what are the key trends of market segmentation?

The generative artificial intelligence (ai) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' 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
  Media & Entertainment
  BFSI
  IT & Telecommunication
  Healthcare
  Automotive & Transportation
  Gaming
  Others


Model

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


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Component Insights

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

Generative Artificial Intelligence (AI) is revolutionizing the business landscape with its ability to create unique outputs based on data analysis. One notable example is GPT-4, a deep learning-powered text generator that produces text indistinguishable from human-written content. Businesses utilize this technology for content creation and customer service automation. Another application is StyleGAN from NVIDIA, a machine learning software generating realistic human faces, which has found use in the fashion and beauty industry for virtual modeling. Deep learning algorithms, such as backpropagation and gradient descent methods, fuel these advancements. Large language models and prompt engineering techniques optimize algorithm convergence rate, while transfer learning approaches and adaptive learning rates enhance model training efficiency.

Hyperparameter optimization and early stopping criteria ensure model interpretability metrics remain high. Computer vision systems employ data augmentation techniques and synthetic data generation to improve model performance. Reinforcement learning agents and adversarial attacks detection contribute to model fine-tuning methods and bias mitigation. Explainable AI techniques and computational complexity analysis further en

In 2024, the market size change in the 'Generative AI' segment of the artificial intelligence market worldwide was modeled to stand at ** percent. Between 2021 and 2024, the market size change rose by **** percentage points. The market size change is expected to drop by ***** percentage points between 2024 and 2031, showing a continuous downward movement throughout the period.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Generative AI.

Generative AI Market size is estimated to be valued at USD 90.90 Bn in 2025 and is expected to expand at a CAGR of 33.0%, reaching USD 669.50 Bn by 2032.

The market is projected to reach USD 18,791.2 Million in 2025 and is expected to grow to USD 275,444 Million by 2035, registering a CAGR of 30.8% over the forecast period.

Metric	Value
Market Size (2025E)	USD 18,791.2 Million
Market Value (2035F)	USD 275,444 Million
CAGR (2025 to 2035)	30.8%

Country-wise Insights

Country	CAGR (2025 to 2035)
USA	32.1%

Country	CAGR (2025 to 2035)
UK	29.5%

Region	CAGR (2025 to 2035)
European Union (EU)	30.8%

Country	CAGR (2025 to 2035)
Japan	31.2%

Country	CAGR (2025 to 2035)
South Korea	32.5%

Competitive Outlook

Company Name	Estimated Market Share (%)
OpenAI	18-22%
Google DeepMind	14-18%
Microsoft	12-16%
Anthropic	8-12%
Meta Platforms, Inc.	6-10%
Other Companies (combined)	30-40%

Japan Generative AI Market is estimated to reach USD 22,995 Million by 2033, Riding on a Strong 38% CAGR throughout the forecast period.

The global generative artificial intelligence market size to reach $96.35 billion in 2029, growing at a CAGR of 37.65% during 2023-2029.

The global Generative Artificial Intelligence (AI) market size is expected to reach USD 100.5 Billion in 2034 registering a CAGR of 19.6%. Discover the latest trends and analysis on the Generative AI Market. Our report provides a comprehensive overview of the industry, including key players, market...

Vietnam generative AI market size reached USD 170.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,236.4 Million by 2033, exhibiting a growth rate (CAGR) of 23.4% during 2025-2033. Continuous advancements in the information technology (IT) sector, along with the rising of generated data, are primarily driving the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2025-2033
Market Size in 2024	USD 170.8 Million
Market Forecast in 2033	USD 1,236.4 Million
Market Growth Rate (2025-2033)	23.4%

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

Generative Artificial Intelligence (Gen AI) Market Outlook

The global Generative AI (Gen AI) market is valued at USD 38.06 billion in 2024 and is expanding at a compound annual growth rate (CAGR) of around 35%, reaching an estimated value of $200 billion by 2032.



Key segments contributing to this growth include software, which accounts for approximately 60% of the market share, and the healthcare and finance applications, which are forecasted to see the highest adoption rates. The cloud deployment mode will dominate with over 70% of the market share, reflecting the ongoing trend towards cloud-based solutions. Large enterprises will continue to lead in terms of enterprise size, while the Asia Pacific region is anticipated to exhibit the fastest growth, fuelled by rapid technological advancements and increasing investments in AI infrastructure.

The Generative AI market is set to experience significant growth driven by the continuous advancements in machine learning and deep learning technologies. As these AI models become more capable and efficient, they are being integrated into a broader array of business processes, enhancing productivity and innovation. The growing digital transformation across industries also propels the demand for AI capabilities, particularly in areas like customer experience management, predictive maintenance, and supply chain optimization. Additionally, the reduction in costs associated with AI technologies, due to improvements in cloud computing infrastructures and the democratization of AI tools, makes these technologies accessible to a wider range of businesses, including small and medium-sized enterprises. The global push towards more data-driven decision-making further amplifies the adoption and investment in Generative AI, underpinning its market growth.

Scope of the Generative Artificial Intelligence (Gen AI) Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.

Generative Ai Media Software is playing a pivotal role in transforming the media landscape by enabling the creation of highly realistic and engaging content. This software leverages advanced algorithms to generate images, videos, and even music, offering new possibilities for content creators and media companies. By automating parts of the creative process, Generative Ai Media Software allows for more efficient production workflows and the ability to personalize content at scale. This has led to a surge in innovative applications, such as virtual influencers and AI-generated characters, which are reshaping how audiences intera

Generative AI Market was valued at $14.91 billion in 2023, and is predicted to reach $213.50 billion by 2030.

Global Enterprise Generative AI market size is expected to reach $16.23 billion by 2029 at 36.6%, segmented as by software, generative ai platforms, ai model development tools, ai-powered automation software

The expenditure on generative artificial intelligence (AI) in Japan amounted to ***** billion Japanese yen in 2024. It was expected to grow with a compound annual growth rate (CAGR) of **** percent until 2028, resulting in a value of more than *** billion yen by that year. Generative AI within the Japanese AI market Generative AI, which employs machine learning to create content such as texts and images from data, is a significant growth motor of the AI systems market in Japan. Successful applications for tasks such as content creation support, document summaries, and programming have led to the spread of AI assistants in recent years. Further growth is expected as the technology develops from AI assistants and advisors to AI agents, which can perform tasks in a more autonomous manner. This development is underpinned by the ongoing evolution of large language models (LLMs), which are expected to diversify and become more affordable in the coming years. The Japanese data center market Since generative AI depends on large amounts of processed data, the growth of the generative AI market is expected to lead to a higher demand for data centers. Japanese data centers are primarily located in the Kanto and Kansai regions, close to the major urban areas Tokyo and Osaka where many of the user companies can be found. While the requirements of data centers vary depending on their purposes, the proximity to larger cities helps data center operators ensure a low latency. A breakdown of the data center market shows that infrastructure as a service (IaaS) and platform as a service (PaaS) together constitute the largest segment. Other aspects, such as housing, shared use, hosting, and communication lines, make up smaller parts of the market.

Global Generative Artificial Intelligence (AI) In Material Science market size is expected to reach $5.3 billion by 2029 at 33.3%, artificial intelligence technologies propel growth of the generative artificial intelligence in the material science market

India Generative AI Market was valued at USD 7.31 Billion in 2025 and is expected to reach USD 58.21 Billion by 2031 with a CAGR of 41.31% during the forecast period.

Pages	70
Market Size	2025: USD 7.31 Billion
Forecast Market Size	2031: USD 58.21 Billion
CAGR	2026-2031: 41.31%
Fastest Growing Segment	Media & Entertainment
Largest Market	South India
Key Players	1. Google LLC 2. Microsoft Corporation 3. Amazon.com, Inc. 4. OpenAI, Inc. 5. IBM Corporation 6. Tata Consultancy Services Limited 7. Infosys Limited 8. Wipro Limited

Unlock key insights into the Generative AI market. Explore trends, market size, and growth forecasts from leading industry reports. Get a competitive edge with our expert analysis.

Check Market Research Intellect's Generative AI Application Market Report, pegged at USD 18.9 billion in 2024 and projected to reach USD 110.8 billion by 2033, advancing with a CAGR of 24.4% (2026-2033).Explore factors such as rising applications, technological shifts, and industry leaders.

The Generative AI Market is projected to grow from USD 37.85 Billion in 2024 to USD 807.80 Billion by 2032, expanding at a CAGR of 36.6% by 2032