Generative Ai Market Size Is Expected To Grow At A Cagr Of 32% – This Market Surges As Ai-powered Creativity Transforms Industries

The global generative AI market size was valued at USD 8.2 Billion in 2021 and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031. The variety of applications that generative AI has across sectors is a key factor in driving the Generative AI Market. Major trends impacting the AI environment include improved content production, personalized user experiences, creative support, automation in healthcare, conversational AI, AI-enhanced gaming, smart content curation, and data analysis.