Brazil Generative Ai Market Size & Outlook, 2024-2030
Brazil generative ai market, 2017-2030 (US$M)
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Brazil generative ai market highlights
- The Brazil generative ai market generated a revenue of USD 109.8 million in 2024 and is expected to reach USD 594.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 27.2% 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 109.8 million |
| Market revenue in 2030 | USD 594.2 million |
| Growth rate | 27.2% (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, Brazil accounted for 0.7% 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 Latin America, Brazil generative ai market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 594.2 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 64.94% in 2024. Horizon Databook has segmented the Brazil generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Brazilian universities and research institutions have been active in multi-modal generative model research. For instance, the University of São Paulo has been researching multi-modal learning and deep generative models for image and text synthesis.
Other universities, such as the Federal University of Minas Gerais and the Federal University of Rio Grande do Sul, have also been active in this field fueling the market growth. Prominent collaboration this region is driving the market growth.
Brazilian companies have been partnering with foreign companies and startups on research and development related to multi-modal generative models. For instance, Brazilian startup Recast.AI, which provides natural language processing and conversational AI solutions, was acquired by SAP in 2018. This acquisition enabled SAP to expand its capabilities in multi-modal conversational AI.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil generative ai market , including forecasts for subscribers. This country databook contains high-level insights into Brazil generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil generative ai market size, by component, 2017-2030 (US$M)
Brazil Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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