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"
290 – Tables
76 - Figures
375 – Pages
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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.
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