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AI Image Generator Market worth $60.8 billion by 2030- Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

13 Aug, 2024, 14:30 GMT

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CHICAGO, Aug. 13, 2024 /PRNewswire/ -- The AI Image Generator Market is projected to grow from USD 8.7 billion in 2024 to USD 60.8 billion in 2030, at a CAGR of 38.2% during the forecast period as it changes the way images and videos are created, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on "AI Image Generator Market"

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290 – Tables
76 - Figures
375 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=235119833

Scope of the Report

Report Metrics

Details

Market size available for years

2019–2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

USD Billion

Segments Covered

Offering, Image, Video, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Google (US), Microsoft (US), AWS (US), Adobe (US), Nvidia (US), OpenAI (US), Meta (US), Anthropic (US), Databricks (US), Synthesia (UK), Runway AI (US), Jasper (US), Krea AI (US), Simplified (US), Lumen5 (US), Lightricks (Israel), Hypotenuse AI (US), Writesonic (US), Colossyan (UK), D-ID (Israel), Midjourney (US), Descript (US), Animaker (US), DeepBrain (US), Caspa AI (UK),  Facet AI (US), Fliki (US), Elai (US), Speechify (US), Inworld AI (US), Invideo (US), HeyGen (US), Tavus (US), Lovo AI (US).

AI-driven technologies such as GANs, VAEs, and diffusion models have the ability to generate realistic images based on written descriptions. Generative Al creates interactive learning materials in the field of education including virtual environments. These tools allow designers to experiment with new styles and materials without having to create physical prototypes as the fashion industry uses them to create virtual clothing and fashion shows. Al-generated images help architects conceptualize buildings and urban planning by giving clients realistic project previews prior to the start of construction. Thus, by efficiently creating personalized excellent content generative Al opens creative and useful possibilities in a wide range of fields.

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By offering, the services segment to account for higher CAGR during the forecast period

The services segment is anticipated to register the highest CAGR in the AI Image Generator Market driven by several strong factors during the forecast period. Companies across diverse sectors are striving to leverage generative Al technologies as they develop in complexity to enhance their digital media proficiencies. The increasing demand for customized high-quality visual content including videos and images is driving up the need for specialized services that can customize AI-based image generator solutions accordingly. To cut expenses improve marketing and expedite production businesses are beginning to use Al-driven content creation services more frequently.

By image segment, image resolution increase is expected to hold the largest market share during the forecast period

Image based applications are growing in popularity to improve and modify content through different techniques. The AI Image Generator Market is seeing a rise in the use of image resolution increase due to the quick advancements in deep learning techniques and the growing need for top-notch visual content. AI-based image generators offer the best solutions in sectors such as retail and ecommerce, healthcare, and entertainment to improve image quality through automation and create interesting images. This trend is also driven by the demand for a better customer experience and the integration of AI into various processes.

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By Vertical, retail & eCommerce are projected to grow at the highest CAGR during the forecast period

The retail & ecommerce sectors are witnessing the highest compound annual growth rate (CAGR) in the AI Image Generator Market owing to their prompt adoption of generative Al for enhancing customer engagement and operational efficiency. Through personalized content and more efficient marketing strategies, retailers and e-commerce platforms are utilizing Al to improve customer experiences. With the aid of generative Al innovations such as virtual changing rooms, customized ads, and tailored product recommendations are making shopping more pleasurable. The ability to quickly producing personalized images and videos increases revenue and customer engagement which drives these industries expansion.

Asia Pacific is expected to grow at the highest CAGR during the forecast period

During the forecast period, the Asia Pacific region is anticipated to grow at the highest compound annual growth rate (CAGR) in the AI Image Generator Market. With nations such as China, South Korea and India at the forefront of Al research and development, Asia is home to some of the most vibrant technological hubs. Rapid developments and applications of generative Al are facilitated by this technological prowess. Various businesses across this region utilize generative AI technology for customized marketing, improved visual content, and streamlined production procedures. Furthermore, Asia's varied cultural landscape fuels demand for digital content that is localized and customized which in turn propels the development of generative Al technologies that enable the mass production of customized media. In addition, a young tech-savvy populace in the region is more likely to experiment with and adopt new technologies especially those used in the media and creative industries.

Top Key Companies in AI Image Generator Market:

The significant AI image and video generator software and service providers include Google (US), Microsoft (US), AWS (US), Adobe (US), Nvidia (US), OpenAI (US), Meta (US), Anthropic (US), Databricks (US), Synthesia (UK), Runway AI (US), Jasper (US), Krea AI (US), Simplified (US), Lumen5 (US), Lightricks (Israel), Hypotenuse AI (US), Writesonic (US), Colossyan (UK), D-ID (Israel), Midjourney (US), Descript (US), Animaker (US), DeepBrain (US), Caspa AI (UK),  Facet AI (US), Fliki (US), Elai (US), Speechify (US), Inworld AI (US), Invideo (US), HeyGen (US), Tavus (US), Lovo AI (US). These companies have used organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the AI Image Generator Market.

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

Related Reports:

AI Voice Generator Market - Global Forecast to 2029

Generative AI Cybersecurity Market - Global Forecast to 2029

AI Model Risk Management Market - Global Forecast to 2029

Edge AI Software Market - Global Forecast to 2028

Explainable AI Market - Global Forecast to 2028

Get access to the latest updates on AI Image Generator Companies and AI Image Generator Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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