Generative AI Market worth $136.7 billion by 2030 - Exclusive Report by MarketsandMarkets™
Video data modality in the Generative AI Market is poised for the fastest growth rate during the forecast period due to the increasing popularity of video content across industries.
- Video data modality in the Generative AI Market is poised for the fastest growth rate during the forecast period due to the increasing popularity of video content across industries.
- Trends indicate a shift towards multi-modal generative AI, where systems can process not just text but also images, audio, and video.
- The region boasts a robust ecosystem of technology companies, research institutions, and AI startups, fostering innovation and adoption of generative AI across industries.
- Additionally, North America leads in AI research and development, with major players like Google, Microsoft, and IBM investing heavily in generative AI technologies.