Generative AI Market worth $136.7 billion by 2030 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: Yahoo! Finance
Innovation, human-AI cooperation, and ethical concerns will propel its advancement towards more responsible, significant, and adaptable uses in a variety of sectors. The Generative AI Market is anticipated to experience substantial expansion, ascending from a value of USD 20.9 billion in 2024 to a substantial worth of USD 136.7 billion by the year 2030. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 36.7% over the forecast period, according to a new report by MarketsandMarkets™. The surge in the Generative AI Market is poised to be driven by a confluence of influential factors within the business landscape. Notably, evolution of cloud storage technology simplifying data accessibility, coupled with the emergence of AI and deep learning technologies changing the landscape, stands out as significant contributors to this trend. Additionally, the upswing in content generation and the growing demand for innovative creative applications are playing a pivotal
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