India Generative Ai Market Size & Outlook, 2024-2030
India generative ai market, 2017-2030 (US$M)
Related Markets
India generative ai market highlights
- The India generative ai market generated a revenue of USD 1,022.7 million in 2024 and is expected to reach USD 8,335.4 million by 2030.
- The India market is expected to grow at a CAGR of 34.4% 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 1,022.7 million |
| Market revenue in 2030 | USD 8,335.4 million |
| Growth rate | 34.4% (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, India accounted for 6.1% 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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India 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 64.57% in 2024. Horizon Databook has segmented the India generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Indian government has funded chatbot and virtual assistant research and development through various initiatives. For instance, the Ministry of Electronics and Information Technology has launched a chatbot development platform called Sandhan, which is aimed at helping startups and developers build chatbots for various industries.
The Indian government has partnered with other countries on research projects related to computer vision. For instance, India and Japan have collaborated on research related to computer vision, such as the development of 3D imaging technologies.
India has also partnered with countries such as the United States, the United Kingdom, and Germany on research related to computer vision and artificial intelligence (AI). Moreover, Indian startups in the field of computer vision have also been collaborating with foreign startups and companies. For instance, Indian startup Sigtuple has partnered with Google Cloud to develop AI-powered medical diagnostic solutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India generative ai market , including forecasts for subscribers. This country databook contains high-level insights into India generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India generative ai market size, by component, 2017-2030 (US$M)
India Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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