Generative Artificial Intelligence (AI) In Art Market
The new report published by The Business Research Company, titled Generative Artificial Intelligence (AI) In Art Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the generative artificial intelligence (AI) in art market size has grown exponentially in recent years. It will grow from $0.43 billion in 2023 to $0.62 billion in 2024 at a compound annual growth rate (CAGR) of 42.1%. The generative artificial intelligence (AI) in art market size is expected to see exponential growth in the next few years. It will grow to $0.90 billion in 2028 at a compound annual growth rate (CAGR) of 42.2%.
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What Is Driving The Growth Of The Global Generative Artificial Intelligence (AI) In Art Market?
Increased Adoption Of AI Technologies Fuels Growth Of Generative AI In The Art Market
The increased adoption of artificial intelligence technologies is expected to propel the growth of generative artificial intelligence (AI) in the art market going forward. Artificial intelligence (AI) technologies refer to a broad range of tools and systems designed to mimic human intelligence and perform tasks that typically require human cognitive functions. Artificial intelligence (AI) technologies are increasing due to increased computing power, the availability of big data, improved algorithms and techniques, and user-friendly tools. Generative artificial intelligence (AI) in art is a fascinating intersection of technology and creativity, utilizing advanced AI algorithms and models to create new and unique art pieces.
What Is The Key Trend In The Global Generative Artificial Intelligence (AI) In Art Market?
Innovative Integration Of AI In Music Production
Major companies operating in generative artificial intelligence (AI) in the arts market are developing innovative music and sound generation AI tools to enhance creativity, streamline workflows, and inspire innovative compositions. Music and sound generation AI tool generates melodies, harmonies, rhythms, sound effects, and entire musical compositions autonomously or in collaboration with human users.
How Is The Global Generative Artificial Intelligence (AI) In Art Market Segmented?
The generative artificial intelligence (AI) in art market covered in this report is segmented –
1) By Type of Artwork: Visual Art, Music, Literature
2) By Technology or Platform: Standalone Software, Cloud-Based Services, AI-enabled Hardware
3) By Application Area: Fine Art, Advertising And marketing, Entertainment And Gaming, Design And Fashion
4) By End-User: Artists, Creative Professionals, Art Collectors And Galleries, General Audience
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How Is The Competitive Landscape Of The Global Generative Artificial Intelligence (AI) In Art Market?
Major companies operating in the generative artificial intelligence (AI) in art market are International Business Machines Corporation, NVIDIA Corporation, Adobe Inc., Autodesk Inc., OpenAI Inc., Quill Inc., DeepMind Technologies Limited, Anthropic PBC, Promethean Limited, Midjourney Inc., Runway ML Inc., Prisma Labs Inc., Obvious, Wombo Inc., Lumen5 Technologies Ltd., Artomatix, Rosebud AI Inc., Endel, ScribbleHub, Gan Studio, Aiva Technologies SA
Contents Of The Global Generative Artificial Intelligence (AI) In Art Market
1. Executive Summary
2. Generative Artificial Intelligence (AI) In Art Market Report Structure
3. Generative Artificial Intelligence (AI) In Art Market Trends And Strategies
4. Generative Artificial Intelligence (AI) In Art Market – Macro Economic Scenario
5. Generative Artificial Intelligence (AI) In Art Market Size And Growth
…..
27. Generative Artificial Intelligence (AI) In Art Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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