The generative AI industry is anticipated to reach a valuation of US$ 10.9 billion by 2023. Over the course of the projected period, the market is anticipated to grow at a 31.3% CAGR and reach US$ 167.4 billion by 2033. Creative applications like original artwork creation, fashion item design, and personalized content creation are made …
Tag Archives: Generative AI
Explosive Growth Anticipated for the Generative AI Market with a Remarkable CAGR of 31.3% by 2033 | Future Market Insights, Inc.
In 2023, the generative AI market is expected to be worth US$ 10.9 billion. The market is expected to reach US$ 167.4 billion by 2033, expanding at a 31.3% CAGR throughout the forecast period. Generative AI allows for creative applications, such as generating unique artwork, designing fashion items, and creating personalized content. The driver for the generative AI market is the rapid …