Europe Generative Ai Market Size & Outlook, 2024-2030
Europe generative ai market, 2017-2030 (US$M)
Related Markets
Europe generative ai market highlights
- The Europe generative ai market generated a revenue of USD 3,126.8 million in 2024.
- The market is expected to grow at a CAGR of 29.9% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 3,126.8 million |
| Market revenue in 2030 | USD 19,631.9 million |
| Growth rate | 29.9% (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 |
Other key industry trends
- In terms of revenue, Europe region accounted for 18.5% of the global generative ai market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 37,546.8 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 64.35% in 2024. Horizon Databook has segmented the Europe generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Artificial Intelligence adoption is one major contributors to the development of the economy of many countries in Europe. The increase in technological advancements in the region has led to the growth of various sectors which is related to artificial intelligence use, which in turn has led to the growth of GDP among the neighboring countries.
According to the International Monetary Fund (IMF) as of 2022. The region has a technologically advanced infrastructure according to the United Nations Conference on Trade and Development (UNCTAD), Europe is rated the second highest in the technology readiness index 2021, after North America.
There has been an increase in the development and adoption of Generative AI technology in various sectors such as healthcare, BFSI, media & entertainment, and several others. For instance, in June 2020, Deepspin GmbH, a Berlin-based startup, received seed funding of USD 674,832 to develop a next-generation AI-based MRI imaging machine; this funding aims to develop a portable, ultra-low-cost MRI medical system.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe generative ai market , including forecasts for subscribers. This continent databook contains high-level insights into Europe generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe generative ai market size, by country, 2017-2030 (US$M)
Europe Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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