Generative Ai Market To Reach $126.5 Billion, Globally, By 2031 At 32% Cagr: Allied Market Research

According to a report by Allied Market Research, the global generative AI industry was valued at $8.15 billion in 2021 and is estimated to generate $126.5 billion by 2031, witnessing a CAGR of 32% from 2022 to 2031. The growth of the generative AI market is driven by the wide applications of AI-integrated systems across various verticals, the need to create virtual worlds in the metaverse, and the increasing popularity of generative AI in the healthcare industry.