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2024-09-04 14:20:10
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Global Generative AI is set for a Boom! Market Expected to Surge to $1.5 Trillion by 2030
The generative AI market is developing rapidly, with projections estimating it will reach $40 billion by 2024 and soar to $1.5 trillion by 2030, achieving an impressive annual growth rate of 83%. Its applications are vast, spanning text, images, and music. As AI technology shifts towards edge computing, the share of AI-related software and services is expected to significantly increase over the next five years, projected to account for 32% and 55% of the market by 2030, becoming a crucial driver of market expansion.