Mexico Generative Ai Market Size & Outlook, 2024-2030
Mexico generative ai market, 2017-2030 (US$M)
Related Markets
Mexico generative ai market highlights
- The Mexico generative ai market generated a revenue of USD 78.0 million in 2023 and is expected to reach USD 547.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 32.1% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Generative ai market data book summary
| Market revenue in 2023 | USD 78.0 million |
| Market revenue in 2030 | USD 547.0 million |
| Growth rate | 32.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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, Mexico accounted for 0.6% of the global generative ai market in 2023.
- 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.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 547.0 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 65.13% in 2024. Horizon Databook has segmented the Mexico generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The National Autonomous University of Mexico (UNAM) launched a new center for artificial intelligence research, which will focus on developing generative AI models for various applications, such as image and speech recognition, natural language processing, and robotics.
Mexican startup CudaTech has developed a generative AI platform for the creation of synthetic data, which can be used to train machine learning models. The platform aims to help companies overcome data privacy and security concerns by providing synthetic data that can be used to train algorithms without revealing sensitive information.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico generative ai market , including forecasts for subscribers. This country databook contains high-level insights into Mexico generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico generative ai market
Mexico Generative AI Market Outlook Share, 2024 & 2030 (US$M)
Mexico generative ai market
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