Australia Generative Ai Market Size & Outlook, 2024-2030
Australia generative ai market, 2017-2030 (US$M)
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Australia generative ai market highlights
- The Australia generative ai market generated a revenue of USD 255.3 million in 2024 and is expected to reach USD 1,501.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 28.7% from 2025 to 2030.
- In terms of segment, software was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Generative ai market data book summary
| Market revenue in 2024 | USD 255.3 million |
| Market revenue in 2030 | USD 1,501.9 million |
| Growth rate | 28.7% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the global generative ai market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China generative ai market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,335.4 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 64.67% in 2024. Horizon Databook has segmented the Australia generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Strategic partnerships are propelling the market growth in Australia. For instance, in November 2022 University of Adelaide collaborated with industry partners to develop computer vision solutions for autonomous vehicles, while the University of Sydney is partnering with companies to develop computer vision-based medical imaging technologies.
The Australian government has invested significant funding into computer vision research and development, with a focus on applications in defense and security. For instance, the government has invested in the development of computer vision technology for surveillance and monitoring of public spaces, as well as for use in autonomous vehicles.
Similarly, Venture capital firms are also investing in Australian startups working on computer vision technology. For instance, the venture capital firm Blackbird Ventures recently invested in a startup called Hivery, which is using computer vision to develop personalized food and beverage products.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia generative ai market , including forecasts for subscribers. This country databook contains high-level insights into Australia generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia generative ai market size, by component, 2017-2030 (US$M)
Australia Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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