The latest report from DIGITIMES shows that the generative AI market is developing rapidly, with the market size expected to reach US$40 billion by 2024 and soar to US$1.5 trillion by 2030, with an average annual growth rate of 83%. The report provides an in-depth analysis of the application prospects, technical challenges and market share forecasts of generative AI, especially emphasizing the importance of the development of edge AI chips and the dominance of AI software and services in the future market. The report points out that in the next five years, the market share of AI-related software and services will grow significantly. By 2030, software and services will account for 32% and 55% of the overall market respectively, which will become a key driver of market expansion. .
The report predicts that by 2024, the global generative AI market will reach US$40 billion, and by 2030, this number will soar to US$1.5 trillion, with an average annual growth rate of 83%.
The application scope of generative AI is becoming more and more extensive, and it can be seen in fields such as text, images, and music. However, as AI technology gradually moves from the cloud to edge computing, problems with hardware limitations and model development are also beginning to emerge. Analyst Zhou Haochen pointed out that the future development of edge AI chips will focus on improving domain expertise and strengthening the integration of software and hardware to meet the needs of various low-power, high-efficiency applications.
It is expected that the share of AI-related software and services will increase significantly in the next five years, and it is expected that by 2030, software and services will account for 32% and 55% of the overall market respectively. This also means that the growth of generative AI software and services will be an important factor driving market expansion.
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The global generative AI market is expected to reach US$40 billion by 2024 and soar to US$1.5 trillion in 2030.
? It is expected that by 2030, AI-related software and services will account for 32% and 55% of the market respectively, becoming an important factor driving market expansion.
All in all, the DIGITIMES report clearly depicts the booming development of the generative AI market and points out the future development direction, providing important reference value for industry participants. In the future, software and services will become the key driving force for market growth, and advances in edge AI chip technology will further expand application scenarios.