A research report titled “AI Image Generator Market by Technology (Convolutional Neural Networks, Autoregressive Models, Diffusion Models; Image Generation, Image Captioning, Image Manipulation, Video Generation, Video Synthesis, Video Editing) – Global Forecast to 2030″ was released by MarketsandMarkets. The report projects that as AI image generators change the way images and videos are created, the market for them will grow at a compound annual growth rate (CAGR) of 38.2% between 2024 and 2030. Based on textual descriptions, AI-driven technologies like diffusion models, VAEs, and GANs can produce realistic visuals. In the sphere of education, Generative Al produces interactive learning resources, including virtual worlds. Fashion displays and virtual apparel are made possible by these tools, which free designers from the need to make actual prototypes in order to experiment with new styles and materials. Al-generated images provide clients with realistic project previews before construction begins, which aids architects in conceptualizing structures and urban planning. Al therefore creates outstanding and tailored material with efficiency, opening up creative and practical possibilities across a variety of disciplines.
Market Dynamics:
- Drivers: Increased productivity and creativity, reduced costs and time, and democratization of content creation.
- Restraints: Concerns about content authenticity and ethical implications.
- Opportunities: Advanced image manipulation, integration with computer vision, and new applications in various industries.
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List of Top Companies in AI Image Generator
- Google (US)
- Microsoft (US)
- AWS (US)
- Adobe (US)
- Nvidia (US)
- OpenAI (US)
- Meta (US)
- Anthropic (US)
- Databricks (US)
- Synthesia (UK)
- Runway AI (US)
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 Al 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.
Market Ecosystem:
Stakeholders: Software providers, service providers, cloud providers, end users, and regulatory agencies.
Market Segmentation:
- By Vertical: Media & entertainment is the largest market segment.
- By Application: Video editing & enhancement is the largest application segment.
- By Region: North America is expected to have the largest AI Image Generator market share.
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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 Al 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.
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