Global Generative Ai Market Size & Outlook, 2024-2030

The generative ai industry worldwide is expected to reach a projected revenue of US$ 109,370.1 million by 2030. A compound annual growth rate of 37.6% is expected of the worldwide generative ai industry from 2025 to 2030.
Revenue, 2024 (US$M)
$16,877.1
Forecast, 2030 (US$M)
$109,370.1
CAGR, 2025 - 2030
37.6%
Report Coverage
Worldwide

Global generative ai market highlights

  • The global generative ai market generated a revenue of USD 16,877.1 million in 2024 and is expected to reach USD 109,370.1 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 30.4% by 2030.
  • In terms of segment, software accounted for a revenue of USD 10,842.8 million in 2024.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.
  • Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 16,877.1 million
Market revenue in 2030USD 109,370.1 million
Growth rate30.4% (CAGR from 2024 to 2030)
Largest segmentSoftware
Fastest growing segmentServices
Historical data covered2017 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoftware, Services

Other key industry trends

  • In terms of revenue, the North America accounted for 40.8% of the global generative ai market in 2024.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Argentina is the fastest growing regional market and is projected to reach USD 383.4 million by 2030.

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Generative AI Market Companies

Name Profile # Employees HQ Website

Global generative ai market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to generative ai market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 64.25% in 2024. Horizon Databook has segmented the Global generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Generative AI Component Outlook (Revenue, USD Million, 2017-2030)
    • Software
    • Services
  • Global Generative AI Technology Outlook (Revenue, USD Million, 2017-2030)
    • Generative Adversarial Networks (GANs)
    • Transformers
    • Variational auto encoders
    • Diffusion Networks
  • Global Generative AI End Use Outlook (Revenue, USD Million, 2017-2030)
    • Media & Entertainment
    • BFSI
    • IT & Telecommunication
    • Healthcare
    • Automotive & Transportation
    • Gaming
    • Others
  • Global Generative AI Application Outlook (Revenue, USD Million, 2017-2030)
    • Computer Vision
    • NLP
    • Robotics and Automation
    • Content Generation
    • Chatbots and Intelligent Virtual Assistants
    • Predictive Analytics
    • Others (speech recognition, accounting, etc.)
  • Global Generative AI Model Outlook (Revenue, USD Million, 2017-2030)
    • Large Language models
    • Image & Video generative models
    • Multi modal generative models
    • Others (Music & audio generative models)
  • Global Generative AI Customers Outlook (Revenue, USD Million, 2017-2030)
    • Model Builders
    • App Builders

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Target buyers of Global generative ai market databook

  • Our clientele includes a mix of generative ai market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global generative ai market , including forecasts for subscribers. This global databook contains high-level insights into Global generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global generative ai market size, by regions, 2017-2030 (US$M)

Top 10 countries: Generative ai market size, 2024 (US$M)

Global generative ai market share, by component, 2024 & 2030 (%, US$M)

Generative ai market: Opportunity assessment by country

Global generative ai market, by region, 2024 (US$M)

Global generative ai market size, by regions, 2017-2030 (US$M)

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