AI Image Generator Market to be Worth $1093.1 Million by 2031--Exclusive Report by Meticulous Research

REDDING, Calif., Oct. 9, 2024 /PRNewswire/ -- According to a new market research report titled, 'AI Image Generator Market by Offering (Solutions, Services), Deployment Mode, Application (Personal, Professional), Platform (Web-based, Mobile), End User (Media & Entertainment, Marketing and Advertising), and Geography—Global Forecast to 2031.

The AI image generator market is projected to reach $1093.1 million by 2031, at a CAGR of 16.4% from 2024–2031.

The AI image generator market is growing primarily due to the high adoption of AI image generator solutions for marketing and advertising-related activities and the rise in do-it-yourself (DIY) content creation platforms. However, this market's growth is restrained by concerns related to data privacy and the creation of malicious content.

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Additionally, the growing adoption of AI image generators in the healthcare sector, rising integration of generative AI and computer vision for advanced image manipulation, and increasing usage of AI image generators among personal users are anticipated to create substantial growth opportunities for players operating in this market. However, issues related to the high dimensionality of images pose a significant challenge to market growth. Moreover, the integration of AI image generators for educational purposes is a prominent market trend in the AI image generator market.

Key Players:

Some of the major players studied in this report are Microsoft Corporation (U.S.), Google LLC (A Subsidiary of Alphabet Inc.) (U.S.), Amazon Web Services, Inc. (A Subsidiary of Amazon.com Inc.) (U.S.), Adobe Inc.(U.S.), OpenAI, L.L.C. (U.S.), Nvidia Corporation (U.S.), Meta Platforms, Inc (U.S.), Databricks, Inc. (U.S.), Vyro LLC (Australia), Jasper AI, Inc. (U.S.), NightCafe Studio Pty Ltd (Australia), Stability AI Ltd (U.K.), Lightricks Ltd. (Israel), Runway AI, Inc. (U.S.), Lumen5 Technologies Ltd (Canada), Craiyon LLC (U.S.), Resleeve B.V. (Netherlands), and starryai, Inc. (U.S.).

The AI image generator market is segmented by offering (solutions {text-to-image generation, image-to-image generation, semantic image-to-image generation, and other solutions} and services {training & consulting services, system integration & implementation services, and support & maintenance services}); deployment mode (cloud-based and on-premise); application (personal and professional/enterprises); platform (web-based and mobile), and end user (IT & telecommunication, media & entertainment, marketing, and advertising, healthcare & life sciences, gaming, education & training, retail & E-commerce, construction & real estate, government & defense, BFSI, art and design, fashion & apparel, energy & utilities, and other end users). The report also provides a comprehensive analysis of the AI image generator market in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Key Findings in the AI Image Generator Market Study:

By offering, the solutions segment is slated to record the highest CAGR during the forecast period. The increasing utilization of AI image generator solutions to produce images that meet user specifications and preferences, combined with their capability to generate a substantial volume of visually appealing and customized product images for businesses, are factors expected to contribute to the rapid growth of this segment.

By deployment mode, the cloud-based segment is slated to register the highest CAGR during the forecast period. The rising adoption of cloud-based AI image generators, enabled by access across multiple devices such as desktops, tablets, and smartphones, facilitates user-friendly experiences in diverse environments. Moreover, cloud providers enhance infrastructure performance to ensure efficient execution of image generation tasks, driving the rapid growth of this segment.

By application, the personal segment is slated to register the highest CAGR during the forecast period. The increasing adoption of AI image generators by individuals for the instant creation of images for personal projects, along with the growing demand for do-it-yourself (DIY) content creation platforms, are key factors expected to contribute to the rapid growth of this segment.

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By platform, the mobile segment is slated to register the highest CAGR during the forecast period. The growing utilization of mobile-based applications, facilitated by free versions and in-app purchase options, along with the availability of offline functionality that enables users to generate images without an internet connection, are key factors expected to contribute to the rapid growth of this segment.

By end user, the media & entertainment segment is slated to register the highest CAGR during the forecast period. The increasing adoption of AI image generators in the media and entertainment industry for the cost-effective creation of visual content, including posters, promotional materials, and cover art, coupled with the rising integration of these tools to enhance production processes and engage audiences in novel ways, are key factors expected to contribute to the rapid growth of this segment.

By geography, Asia-Pacific is slated to register the highest CAGR of 17.5% during the forecast period. The growing adoption of AI image generator solutions for marketing and advertising activities in the region, the rising integration of these tools among individual users, and the increasing use of AI image generators for educational purposes in the Asia-Pacific are key factors expected to drive significant growth in the market.

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Scope of the Report:

AI Image Generator Market Assessment—by Offering

• Solution
  • Text-to-Image Generation
  • Image-to-Image Generation              
  • Semantic Image-to-Image Generation
  • Other Solutions
    
    
• Services
  • Training & Consulting Services
  • System Integration & Implementation Services
  • Support & Maintenance Services

AI Image Generator Market Assessment—by Deployment Mode

• Cloud-based
• On-premise

AI Image Generator Market Assessment—by Application

• Personal
• Professional/Enterprises

AI Image Generator Market Assessment—by Platform

• Web-based
• Mobile

AI Image Generator Market Assessment—by End User

• IT & Telecommunication
• Media & Entertainment
• Marketing and Advertising
• Healthcare & Life Sciences
• Gaming
• Education & Training
• Retail & E-commerce
• Construction & Real Estate
• Government & Defense
• BFSI
• Art and Design
• Fashion & Apparel
• Energy & Utilities
• Other End Users

AI Image Generator Market Assessment—by Geography

• North America
  • U.S.
  • Canada
    
    
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Netherlands
  • Spain
  • Sweden
  • Poland
  • Rest of Europe
    
    
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Singapore
  • Australia & New Zealand
  • Indonesia
  • Thailand
  • Malaysia
  • Rest of Asia-Pacific
    
    
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
    
    
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Israel
  • Rest of Middle East & Africa

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AI Image Generator Market Research Summary

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