Market revenue in 2024 | USD 5,557.9 million |
Market revenue in 2030 | USD 37,546.8 million |
Growth rate | 31.2% (CAGR from 2024 to 2030) |
Largest segment | Software |
Fastest growing segment | Services |
Historical data covered | 2017 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Software, Services |
Key market players worldwide | Ai Holdings Corp, Amazon.com Inc, International Business Machines Corp, Alphabet Inc Class A, Microsoft Corp, Adobe Inc |
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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 64.31% in 2024. Horizon Databook has segmented the Asia Pacific generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
In terms of machine intelligence, the region has made significant progress. Leaders in artificial intelligence have been able to progress in critical areas, such as establishing data management platforms and expanding artificial intelligence, as well as in other people-related fields, like coordinating teams, establishing moral standards, and dealing with issues concerning privacy and security.
According to the International Monetary Fund, the Asia Pacific GDP is USD 38.9 trillion, and the GDP growth rate is 4.7% as of 2022. The region has a developing technology infrastructure; according to the United Nations Conference on Trade and Development, Oceania and Asia geographic groups follow North America and European groups in the technology readiness index 2021.
According to the International Institute of Communications’ Artificial Intelligence (AI) in the Asia Pacific region report, some of the key industries/ sectors in the Asia Pacific countries include healthcare, agriculture, financial services, manufacturing, and ecommerce. Hence, the demand for AI applications across industries and developing technology infrastructure in the region are likely to support the growth of the generative AI market.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific generative ai market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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