Global generative AI market is anticipated to grow at a considerable CAGR of 48.5% during the forecast period. Generative AI algorithms need large datasets of training data to learn. The increasing availability of data from the internet, social media, and other sources is making it possible to train more powerful and sophisticated generative AI algorithms. The increasing availability of data is making it easier to develop and deploy generative AI applications. In the past, generative AI applications were often limited to research labs and large companies with access to large datasets. However, today, there are several cloud computing providers that offer generative AI services that businesses of all sizes can use.
Browse the full report description of “Generative AI Market Size, Share & Trends Analysis Report Market by Offering (Software and Services), by Application (Text, Image, Video, and Others (Audio)), Business Function (Marketing and Sales, Finance, Human Resource, Research and Development, and Others (Customer service and Education)), Vertical (BFSI, IT and Telecommunication, Healthcare, Media and Entertainment, Retail and E-Commerce, Manufacturing, Construction and Real Estate, and Others)) Forecast Period (2022-2030)” at https://www.omrglobal.com/industry-reports/generative-ai-market
Generative AI is being used to develop new personalized medicine treatments. For example, generative AI is being used to develop personalized cancer treatments. Generative AI algorithms are trained on large datasets of cancer patients' data, including their genetic data, medical history, and response to treatments. This data is used to train the algorithms to generate personalized treatment plans for cancer patients. The increasing availability of data is making it possible to train more powerful and sophisticated generative AI algorithms for personalized medicine. This is leading to the development of more effective and targeted cancer treatments.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Offering
o By Application
o By Business Function
o By Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape includes Amazon Web Services, Inc., Microsoft, Inc., Google LLC., and IBM Corp., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Generative AI Market Report Segment
By Offering
By Application
By Business Function
By Vertical
Global Generative AI Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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