Global Generative AI Market 2024-2030: Trends and Analysis of Transformer Models (GPT-1, GPT-2, GPT-3, GPT-4, LaMDA) and Services by Modality, Application and Region [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Models (GPT-1, GPT-2, GPT-3, GPT-4, LaMDA), Services), Modality (Text, Image, Video, Audio & Speech, Code), Application (Content Management, Search & Discovery), Vertical and Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The generative AI market is projected to grow from USD 20.9 billion in 2024 to USD 136.7 billion by 2030, at a compound annual growth rate (CAGR) of 36.7% during the forecast period. The market is anticipated to grow due to the emergence of cloud storage solutions that make data easily accessible, evolution of AI and deep learning and rapid rise in content generation and innovative applications. By software type, transformer models segment is expected to register the fastest market growth rate during the forecast period The transformer models software type of the generative AI market is expected to experience the fastest growth rate during the forecast period due to its unmatched capabilities in natural language processin
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